REO BATCH 3 MAY 2022

HANDOUTS
FINISHED QUIZZES
AUDITING THEORY 0.00%
AUDITING PROBLEM 0.00%
FINANCIAL ACCOUNTING & REPORTING 0.00%
ADVANCED FINANCIAL ACCOUNTING & REPORTING 0.00%
MANAGEMENT ADVISORY SERVICES 0.00%
REGULATORY FRAMEWORK FOR BUSINESS TRANSACTIONS
0.00%
TAXATION 0.00%
0.00%

Keep your spirits up. It will keep you going. Try again. You can do it!

“Success consists of going from failure to failure without loss of enthusiasm.” —Winston Churc

*NOTE: Should there be changes in each subject, this file will be updated from time to time. We will announce if there are. Thank you.
To download this tool, click "File and select download" as excel file
 CPALE COUNTDOWN (days)

74
Wednesday, March 9, 2022

again. You can do it!

of enthusiasm.” —Winston Churchill

We will announce if there are. Thank you.

excel file
 PRE-RECORDED - AUDITING THEORY

HO # TOPICS Pages
AT-01 Practice and Regulation of the Accountancy Profession 19
AT-02 Code of Ethics for Professional Accountants 23
AT-03 Fundamentals of Assurance Services 12
AT-04 Introduction to Auditing and Overview of the Audit Process 13
AT-05 Preliminary Engagement Activities 10
AT-06 Audit Planning' 15
AT-07 Internal Control Consideration 11
AT-08 Transaction Cycles 12
AT-09 Consideration of Fraud, Error and Non-compliance 18
AT-10 Evidence and performance of substantive testing 13
AT-11 Approaches gathering evidence and Audit Sampling 14
AT-12 Completing The Audit 17
AT-13 Audit Documentation and Communication with those charged with gov 13
AT-14 System Quality Control 19
AT-15 Audit Reporting (General-Purpose Financial Statements) 24
AT-16 Other Reporting Responsibilities (Special Purpose Assurance Engagem 14
AT-17 Auditing in an IT Environment 17

264

LIVE LECTURE - AUDITING THEORY

TOPICS TOPICS Pages
AT-01 Practice and Regulation of the Accountancy Profession 5
AT-02 Code of Ethics 6
AT-03 Fundamentals of Assurance 3
AT-04 Introduction to Auditing 3
AT-05 Overview of Audit Process and Pre-engagement 4
AT-06 Audit Planning 4
AT-07 Internal Control Consideration 4
AT-08 Transaction Cycles 8
AT-09 Fraud, Error & Noncompliance 4
AT-10 Substantive Testing 6
AT-11 Audit Sampling 5
AT-12 Completing The Audit 5
AT-13 Audit Documentation 3
AT-14 System of Quality Control 4
AT-15 Reporting - General Purpose FS 5
AT-16 Reporting - Special Purpose FS 3

72
DITING THEORY REO Quiz (Test Yourself)

Changes in handouts Attempt # 1

(video soon to be (Correct / Total #
Finished uploaded) % of items) 2
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ITING THEORY
Finished %

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REO Quiz (Test Yourself)

3 4 5 6 Average
 PRE-RECORDED - AUDITING PROBLEM

HO# TOPICS Pages Finished

AP-01 Cash to Accrual Basis 12

AP-02 Correction of Errors 10
AP-03 Shareholder's Equity 13
AP-04 Share-based Payment' 16
AP-05 Audit of Cash 21
AP-06 Receivables 23
AP-07 Inventories and Agriculture 24
AP-08 Investment in Equity Securities 20
AP-09 Investment in Debt Securities 11
AP-10 Notes and bonds payable 8
AP-11 Property, plant and equipment 30
AP-12 Intangible assets 19
AP-13 Investment Property 9
AP-14 Revaluation, Impairment and NCA held for sale 13
AP-15 Current Liabilities 16
AP-16 Leases 16

AP-17 Accounting for Income Tax 3

AP-18 Employee Benefits 6

AP-19 Statement of Cash Flows 15

AP-20 Financial Statements 14

299

LIVE LECTURE - AUDITING PROBLEM

HO# TOPICS Pages Finished
AP-01 Cash to Accrual Basis, Single Entry 4
AP-02 Correction of Errors 4
AP-03 Quiz Shareholder's Equity 7
AP-04 Audit of Cash 5
AP-05 Audit of Receivables 6
AP-06 Audit of Inventory 4
AP-07 Audit of Investments 7
AP-08 PPE & Impairment 7
AP-09 Intangible Assets 4
AP-10 Current & Financial Liabilities 6
AP-11 Leases & Acctg for Income Tax 5
AP-12 Statement of Cash Flows 4
AP-13 Financial Statements 5
68
UDITING PROBLEM REO Quiz (Test Yourself)
Attempt # 1
Changes in handouts (video
% (Correct / Total # 2
soon to be uploaded)
of items)

0.00%

New 4 problems in replacement

of 7 old problems
New 7 problems in replacement
of 10 old problems

UDITING PROBLEM
%

0.00%
REO Quiz (Test Yourself)

3 4 5 6 Average
 PRE-RECORDED - FINANCIAL ACCOUNTING & REPORTING

Changes in handouts
(video soon to be
HO# TOPICS Pages Finished uploaded)
FAR-01 Accountancy and PFRS Preface 7
Most of the Discussion
FAR-02 Conceptual Framework 13
Exercises
FAR-03 Cash and Cash Equivalents 12
FAR-04 Receivables 12
FAR-05 Inventories 12
FAR-06 Biological Assets 7 Problem#1
FAR-07 Property Plant and Equipment - Part 1 8
FAR-08 Property Plant and Equipment - Part 2 9
FAR-09 Government Grants 5
FAR-10 Borrowing Costs 5
FAR-11 Depletion of Mineral Resources 6
FAR-12 Intangible Assets 11
FAR-13 Impairment of Assets 6
FAR-14 Investment in Equity Securities 6
FAR-15 Investments in Associates 7
FAR-16 Investments in Debt Securities 6
FAR-17 Investment Properties 8
FAR-18 Fund and Other Investments 4
FAR-19 Derivatives 6
FAR-20 Current Liabilities 8
FAR-21 Notes Payable 5
FAR-22 Bonds Payable 5
FAR-23 Compound Financial Instruments 4
FAR-24 Provisions 9
FAR-25 Employee Benefits 10
FAR-26 Income Taxes 7
FAR-27 Leases 11
FAR-28 SHE Part 1 13
FAR-29 SHE Part 2 9 multiple choice
FAR-30 Share-based payments 8
FAR-31 Book Value per Share 3
FAR-32 Earnings per Share 7
FAR-33 Financial Statements Part 1 10
FAR-34 Financial Statements Part 2 7
FAR-35 Statement of Cash Flows 6
FAR-36 Revenue from Contracts with Customers 12
FAR-37 Operating Segments 6
FAR-38 NCAHFS and Discontinued Operations 7
FAR-39 Events after Reporting Period 3
FAR-40 Related Parties 4
FAR-41 Interim Financial Reporting 6
FAR-42 Accounting Changes and Error Correction 6
FAR-43 Cash to Acrrual Basis 5
FAR-44 Accounting Process 6
FAR-45 SMEs 13

340

LIVE LECTURE - FINANCIAL ACCOUNTING & REPORTING

HO# TOPICS Pages Finished
FAR-01 CASH AND CASH EQUIVALENTS 4
FAR-02 RECEIVABLES 3
INVENTORIES, BIOLOGICAL ASSETS AND
FAR-03 15
PROPERTY, PLANT AND EQUIPMENT
BORROWING COST, GOVERNMENT GRANT
FAR-04 AND PROPERTY, PLANT AND EQUIPMENT 9
(DEPRECIATION)
FAR-05 INTANGIBLE ASSETS AND WASTING ASSETS 15
 NONCURRENT ASSETS HELD FOR SALE AND
FAR-06 REVALUATION AND IMPAIRMENT AND 13
INVESTMENT PROPERTY
INVESTMENT IN EQUITY SECURITIES AND
FAR-07 4
INVESTMENT IN ASSOCIATE
FAR-08 INVESTMENT IN DEBT SECURITIES 3
FAR-09 DERIVATIVES AND OTHER INVESTMENTS 2
CURRENT LIABILITIES, NOTES PAYABLE AND
FAR-10 2
BONDS PAYABLE
COMPOUND FINANCIAL INSTRUMENTS AND
FAR-11 3
LEASES
FAR-12 EMPLOYEE BENEFITS AND INCOME TAXES 15
SHARE OPTIONS AND SHARE APPRECIATION
FAR-13 16
RIGHTS AND SHAREHOLDER EQUITY
BOOK VALUE PER SHARE AND EARNINGS
FAR-14 9
PER SHARE
EVENTS AFTER REPORTING PERIOD,
FAR-15 FINANCIAL STATEMENTS 15
AND OPERATING SEGMENTS
INTERIM FINANCIAL REPORTING, RELATED
FAR-16 3
PARTIES AND CASH TO ACCRUAL
131
NG REO Quiz (Test Yourself)
Attempt # 1
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Total # of
% items) 2 3 4 5 6 Average

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 PRE-RECORDED - REGULATORY FRAMEWORK FOR BUSINESS TRANSACTIONS

HO# TOPICS Pages Finished

RFBT-01 Law on Obligations 32
RFBT-02 Law on Contracts 19
RFBT-03 Law on Sales 27
RFBT-04 Law on Credit Transactions 10
RFBT-05 Negotiable Instruments Law and Anti-Bouncing Checks Law 27
RFBT-06 Partnership 15
RFBT-07 Corporations 41
RFBT-7.A Securities Regulation Code 8
RFBT-08 Law on Cooperatives 22
RFBT-09 Banking Laws 14
RFBT-10 Intellectual Property Law 17
RFBT-11 E-Commerce Act 11
RFBT-12 Data Privacy Act 13
RFBT-13 Ease of Doing Business Act - Part 1 4
260

LIVE LECTURE - REGULATORY FRAMEWORK FOR BUSINESS TRANSACTIONS

HO# TOPICS Pages Finished
RFBT-01 Law on Obligations 7
RFBT-02 Law on Contracts 5
RFBT-03 Law on Partnerships 5
RFBT-04 Law on Corporations 6
Comparison Partnership, Corporation & Cooperative 2
RFBT-05 Law on Cooperatives 4
RFBT-06 Law on Sales 4
RFBT-07 Law on Credit Transactions 4
RFBT-08 Law on BP 22 & Negotiable Instruments Law 6
RFBT-09 Law on Banking Laws 5
RFBT-10 Law on AMLA 5
RFBT-11 Law on Intellectual Property 4
RFBT-12 Law on Data Privacy Act 5
RFBT-13 Law on Ease of Doing Business Act 4
RFBT-14 (Softcopy) Law on E-Commerce Act 5
71
ORK FOR BUSINESS TRANSACTIONS REO Quiz (Test Yourself)
Attempt # 1
(Correct /
Changes in handouts (video soon to be Total # of
uploaded) % items) 2 3 4 5

*additional cash surrender value of 5% per year

begins on the 6th year, instead of the 7th year
*Chattel Mortgage as formal contract

0.00%
Summary on the amendments of AMLA

RK FOR BUSINESS
Changes inTRANSACTIONS
handouts (video soon to be
uploaded) %

0.00%
0.00%
elf) Average

6
 PRE-RECORDED - MANAGEMENT ADVISORY SERVICES

Changes in handouts (will be discussed in

MAS' scheduled bi-monthly LIVE
HO# TOPICS Pages Finished Consultations)
MAS-01 Basic Considerations in MAS 14 #p11-14 Mgt Consultancy & 25 Drills
MAS-02 Variable and Absorption Costing 10 Consultation Drills
MAS-03 CVP and BEP Analysis 14 CVP and SENSITIVITY ANALYSIS & Drills
FINANCIAL FORECASTING USING
MAS-04 FS Analysis 9
ADDITIONAL FUNDS NEEDED (AFN) & drills
MAS-05 Budgeting 12 Feasibility Study and Budgets & Drills
MAS-06 Production Cost Variance Analysis 16 CONSULTATION DRILLS
MAS-07 Performance Evaluation 27 CONSULTATION DRILLS
MAS-08 Pricing Methods 14 CONSULTATION DRILLS
MAS-09 Relevant Costing 27 CONSULTATION DRILLS
MAS-10 Quantitative Techniques 22 CONSULTATION DRILLS
MAS-11 Strategic Cost Management 26 CONSULTATION DRILLS
Ten Axioms of Financial Management &
MAS-12 Working Capital Management 15
DRILLS
MAS-13 Short-term Financing 11 LEVERAGE & DRILLS
MAS-14 Long-term Financing 14 FINANCIAL MARKETS & DRILLS
MAS-15 Capital Budgeting 20 CONSULTATION DRILLS
MAS-16 Risk and Return 17 RETURN & DRILLS
MAS-17 Economics 21 CONSULTATION DRILLS

289

LIVE LECTURES - MANAGEMENT ADVISORY SERVICES

HO# TOPICS Pages Finished
MAS-01 Basic Considerations in MAS 2
MAS-02 Variable and Absorption Costing 6
MAS-03 CVP Analysis 4
MAS-04 FS Analysis 4
MAS-05 Budgeting 4
MAS-06 Standard Costing & Variances 4
MAS-07 Performance Evaluation 4
MAS-08 Pricing 2
MAS-09 Relevant Costing 5
MAS-10 Quantitative Techniques 4
MAS-11 Strategic Cost Management 3
MAS-12 Working Capital Management 3
MAS-13 Short-term Financing 2
MAS-14 Long-term Financing & Risks 3
MAS-15 Capital Budgeting 4
MAS-16 Economics 2

56
 REO Quiz (Test Yourself)

Attempt # 1
(Correct /
Total # of
% items) 2 3 4 5 6 Average

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%
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 PRE-RECORDED - TAXATION

Changes in handouts
(video soon to be
HO# TOPICS Pages Finished uploaded)
TAX-01 Fundamental Principles of Taxation 11 Answers are removed
TAX-02 Taxes. Laws and Administration 12
TAX-03 Fundamentals of Income Taxation 11
TAX-04 Final Income Taxation 6
TAX-05 Capital Gains Taxation 8
TAX-06 Regular Income Tax: Gross Income 9
TAX-6.1 Compensation Income 8
TAX-6.2 Fringe Benefits Tax 5
TAX-6.3 Dealings in Properties 6
TAX-07 Deductions from Gross Income 5
TAX-7.1 Itemized Deductions 6
TAX-7.2 Optional Standard Deduction 3
TAX-08 Individual Income Tax Integration 5
(new videos will be
TAX-09 Coporate Income Tax Integ 9
uploaded)
TAX-10 Transfer Taxation: Estate Tax 5
TAX-11 Transfer Taxation: Donor's Taxation 7
TAX-12 Consumption Taxes 6
TAX-13 VAT on importation 4
TAX-14 Business Taxation 19
TAX-15 Excise Tax & Docstamp Tax 10
TAX-16 Tax Remedies 7
TAX-17 Local Taxation 12
TAX-18 Preferential Taxation 7
CREATE LAW HANDOUTS UPDATE (3)
181
 LIVE LECTURE - TAXATION
HO# TOPICS Pages Finished
SOFTCOPY WILL BE PROVIDED DUE TO THE DIFFERENT
TAX-01
APPROACH OF LECTURE BY THE REVIEWER

TAX-02
TAX-03

0
 REO Quiz (Test Yourself)

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Total # of
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 PRE-RECORDED - ADVANCED FINANCIAL ACCOUNTING & REPORTING

Changes in handouts
(videos will be placed
under "Updates &
HO# TOPICS Pages Finished Corregenda")
AFAR-01 Partnership 13 Additional Drills
AFAR-02 Corporate Liquidation 4 Exercise 6 Addl Drills
AFAR-03 Decentralized Operation 6 Exercise 10 Addl Drills
AFAR-04 Business Combination 12 Additional Drills
AFAR-05 Separate and Consolidated FS 13 Additional Drills
AFAR-06 Forex and hyperinflation 8 Exercise 12 Addl Drills
AFAR-07 Derivatives and Hedge Accounting 8 Additional Drills
AFAR-08 Joint Arrangement 7 Exercise 9 Addl Drills
AFAR-09 NPO 7
AFAR-10 Government Accounting 7
AFAR-11 Service Concession Arrangement 4 Exercise 5 Addl Drills
AFAR-12 Insurance Contracts 3 Exercise 7 Addl Drills
AFAR-13 Cost Accounting 21 Additional Drills
AFAR-14 Revenue Recognition 28 Additional Drills

141

LIVE LECTURES - ADVANCED FINANCIAL ACCOUNTING & REPORTING

HO# TOPICS Pages Finished
AFAR-01 Partnership 12
AFAR-02 Corporate Liquidation 6
AFAR-03 Decentralized Operation 7
AFAR-04 Business Combination 13
AFAR-05 Separate and Consolidated FS 14
AFAR-06 Joint Arrangements 8
AFAR-07 Foreign Exchange Currency & Translation 11
AFAR-08 Derivatives and Hedge Accounting 7
AFAR-09 Non-Profit Organizations 10
AFAR-10 Insurance Contracts & Service Concession Arrangem 11
AFAR-11 Cost Accounting 19
AFAR-12 PFRS 15 Revenue Recognition & Long Term Construc 13
AFAR-13 Franchises & Installment Sales 6

137
PORTING REO Quiz

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(Correct /
Total # of
% items) 2 3 4 5 6 Average

0%

PORTING
%

0%
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 MONTHLY ASSESSMENT SCORES
SUBJECTS OCTOBER NOVEMBER DECEMBER
TAKE 1 TAKE 2 TAKE 3 TAKE 1 TAKE 2 TAKE 3 TAKE 1 TAKE 2

AT

AP

AFAR

FAR

MAS

RFBT

TAX

MAJOR EXAMS
PREBOARD FINAL PREBOARD

AT

AP

AFAR

FAR

MAS

RFBT

TAX

GPA
DECEMBER FEBRUARY MARCH APRIL
TAKE 3 TAKE 1 TAKE 2 TAKE 3 TAKE 1 TAKE 2 TAKE 3 TAKE 1 TAKE 2 TAKE 3
AVERAGE

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

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FOR 2021 BOARD EXAMS: PRC MEMO #68

RT-PCR TEST
Required for:
1) Suspect Cases
2) Indiv with relevant travel history
3) Health care workers with possible Exposure

NO RT-PCR TEST if not enumerated above BUT

should undergo 14-day quarantine period, at least 14 days
before the scheduled
"Certificate boardorexam.
of Quarantine" its equivalent signed by
submitted
any of the following:
2.1. Any licensed Physician (government or private physician);
2.2. Municipal Health Officer, Provincial Health Officer or City Health Officer; quarantine for 14 days.
2.3. Barangay Officer visiting the examinee’s residence attesting that he/she has been in quarantine

NOTE:
1)Examinee with temperature
will not be allowed to take of more than 37.5 degrees Celsius
the
2)Inrest
the of the that
event examination.
an examinee manifests the COVID-19 symptoms such as
temperature
37.5 degrees higher
Celsiusthan
(37.5℃), colds, cough, other flu-like
symptoms and difficulty of breathing, the following must be observed:
"The
"The examinee
examinee shall
shall not be allowed
be advised to enter
to defer thethe
taking testing site or
licensure should be referred immediately
examination,
to
butauthority if manifests
shall be allowed symptom
to take while
the same taking the succeeding
immediately exam. scheduled
licensure examination.

REFER TO PRC MEMO #68 For full details.

https://www.prc.gov.ph/sites/default/files/2020-68Memo.pdf