Professional Documents
Culture Documents
Cpale Subjects & Topics
Cpale Subjects & Topics
Gross income
o Inclusions in the gross income
o Exclusions/exemptions from gross income
o Compensation Income
o Business Income
o Passive income subject to final withholding tax
o Capital gain
Accounting periods
Accounting methods
o Reconciliation of income under PFRS and income under Tax Accountant
Tax return preparation and filing and tax payments
o Manual filing
o Electronic filing and E-submission
o Large taxpayers and non-large taxpayers
o Income tax credits
o Venue and time of filing of tax returns
o Venue and time of payment
o Modes of payment
o Use of tax tables
o Accomplishing of various income tax returns and forms
Compliance Requirements
o Administrative requirements (registration, issuance of receipts, printing of
receipts)
o Attachments to the income tax return
o Keeping of books of accounts and records, including report of inventories
o Prescriptive period of maintain books of accounts and other accounting records
Estate Tax
Donor's Tax
Describe, Analyze and Compute Documentary Stamp Tax (Definition, Coverage and
Exemptions, Tax Base Rates, and Time and Manner of Payment)
7. Excise tax (2.85%)
Scope and different types of local taxes, Tax base and tax rates, Venue and time of filing
of tax returns and payment).
Limited to Real Property Tax and Local Business Tax
ASSETS
LIABILITIES (10%)
FINANCIAL LIABILITIES
Accounts Payable and Other Trade Payables
Debt Restructuring
NON-FINANCIAL LIABILITIES
Premiums and warranties
Unearned revenues for gift certificates and subscriptions
EQUITY (14.28%)
Share Capital Transactions (PAS 32, PFRS 7)
Dividends
Retained Earnings
Other Comprehensive Income
Book Value per share and Earnings per Share
Joint Operations
Joint Venture (equity method)
Accounting for SME
Date of acquisition
Subsequent to date of acquisition
Determination of:
o Net Income/Total Comprehensive Income/Equity
Attribution to Equity Holders of Parent/Controlling or Parent’s Interest,
Non-controlling Interest,
Consolidated/ Group,
Translation from the functional currency to the presentation currency (Closing/ Current
Rate Method)
Remeasurement from a foreign currency to the functional currency (Temporal Method)
Restatement of Financial Statements
AUDITING
AUDITING THEORY (50%)
This section covers the candidates' conceptual knowledge and understanding of assurance and
related services performed by professional accountants. The Philippine Standards on Auditing
(PSA) and other regulatory laws and regulations in effect at the time of examination are applied
in all areas of the exam.
Financial Management Concepts and Techniques for Planning, Control and Decision
Making
o Financial Statement Analysis
o Working Capital Finance
o Capital Budgeting
o Investment Risks, and Rates of Returns
o Types and measurement of risks and returns, risk measurement models
o Capital structure and long-term financing decision
Macroeconomics
Microeconomics
Obligations (10%)
Contracts (10%)
Sales (7%)
Partnership (10%)
Corporations (28%)
o Including: Securities Regulations Code, Code of Corporate Governance, and
SEC Circulars and Ordinances on Filling, Fines and Penalties.
Cooperatives (10%)
General Banking Laws (GBL), Financial Rehabilitation and Insolvency Act (FRIA), Updates on
special concern have been removed. Ease of Doing Business Law (RA 11032) has been added.