University of Immaculate Conception

College of Accounting and Business Education

CPA Syllabus Mapping to Curriculum

Subject: Financial Accounting and Reporting

Major Topics Subtopics Number Course in

Development of
Financial Reporting
Framework, Standard-
Setting Bodies and
Regulation of the
Accountancy Profession
Conceptual The Conceptual Framework for Financial
Framework, Reporting
Accounting Process and
Presentation of
Financial Statements
The Accounting Process
of Items the
Curriculum
History, Development and 4 ACC002
Functions of the Standard-Setting
Bodies
- IASB, IFRIC and SIC, FRSC,
PIC
Regulation and Environment of the ACC002
Accounting Profession in the
Philippines
- PRC-BoA, Accredited
Professional Organization of
Professional Accountants in the
Philippines, Sectors of the
Practice of Accountancy
Profession and the accreditation
requirements
8 ACC002
- Objective and status of the
Conceptual Framework
- Qualitative Characteristics of
Useful Financial Information
- Definition of, recognition and
derecognition criteria and
measurement bases for the
elements of the financial
statements
- Concepts of capital and capital
maintenance
ACC001
- The steps in the accounting
process
- The use of the special
journals, general journals,
subsidiary ledgers, and general
ledgers
- Completing the accounting
cycle, including use of
worksheet, adjusting entries,
 closing entries, and reversing
entries

Presentation of the Financial ACC002

Statements
- General Features
- Statement of Financial
Position
● Definition of
Elements
● Classified
Statement of
Financial Position
- Statement of Comprehensive
Income
● Nature of Expense
● Function of
Expense
● Components of
Profit from
Continuing
Operations
● Components of
Discontinued
Operations
- Statement of Changes in
Equity
- Statement of Cash Flows
● Sections of the
Statement of Cash
Flows
● Preparing Cash
Flows from
Operations: Direct
and Indirect
Methods
- Notes to Financial Statements
- Computation and Disclosure
of Earnings Per Share
Information
● Basic EPS
● Diluted EPS
Cash and other Cash 10 ACC003
Financial Assets - Nature and Composition of
Cash
 - Preparing the Bank
Reconciliation
- Accounting for Petty Cash
Fund
Other Financial Assets (Initial ACC003
Recognition, Basis for Classification,
Subsequent Measurement,
Reclassification, and Presentation in
the Financial Statements)
- Financial Assets at Fair Value
through Profit or Loss
- Financial Assets at Fair Value
through OCI
- Financial Assets at Amortized
Cost
● Trade and Other
Receivables
(Valuation using
Allowance for
Doubtful Accounts,
Transfer of
Receivables –
pledging,
assignment, and
factoring)
● Other financial
assets at amortized
cost (including
investment in
bonds)
- Investment in Associate and
Joint Venture
Non-Financial Assets Inventories 10 ACC003
- Nature
- Capitalizable Cost at Initial
Recognition
- Inventory Cost Flow
Assumptions
- Subsequent Measurement at
LC or NRV
- Estimation Procedures- Gross
Profit and Retail Method
Property, Plant and Equipment ACC004
- Nature
- Capitalizable Cost at Initial
Recognition
 - Borrowing Costs
- Subsequent Expenditures
- Subsequent Measurement
● Cost Method
(Depreciation,
Depreciation
Methods, Changes
in Useful Life and
Depreciation
Methods
● Revaluation
- Impairment
- Retirement and Disposals
Investment property ACC004
- Nature
- Capitalizable cost at initial
recognition
- Measurement subsequent to
initial recognition
● Cost method
● Fair value method
- Derecognition and
reclassification

Intangible assets ACC004

- Nature
- Capitalizable cost at initial
recognition
- Subsequent expenditures
- Subsequent measurements
- Finite lives assets -
amortization
- Indefinite lives assets
- Impairment
- Derecognition
Biological assets ACC004
- Nature, distinction from bearer
plants and agricultural
produce
- Capitalizable cost at initial
recognition
- Subsequent measurement
Non-current assets held for sale (or ACC004
disposal group)
- Nature – criteria for this
classification
 - Capitalizable cost at initial
recognition
- Measurement subsequent to
initial recognition
- Reclassification
- Derecognition
Prepaid expenses and other assets
Financial Liabilities - Classification of Financial 6 ACC004
Liabilities
- Initial Recognition
- Debt Issue Cost
- Measurement using Effective
Interest Method
- Troubled Debt Restructuring
Non-financial - Liabilities arising from 6 ACC004
liabilities, provisions, customer loyalty programs
and contingencies - Warranties and product
guarantees
- Unearned revenues arising
from contracts, gift
certificates, and subscriptions
- Other provisions and
contingencies
Shareholders’ Equity Share capital transactions 10 ACC005
- Initial issuance, stock issuance
cost
- Treasury share transactions
- Retirement, conversion
Retained earnings ACC005
- Correction of prior period
errors and change in
accounting policies
- Dividends
- Quasi reorganization and
recapitalization
Cumulative Other Comprehensive ACC005
Income
Computation of Book Value Per Share ACC005
Other Topics Share-based payment transactions 10 ACC005
- Equity-settled
- Cash-settled
- Equity-settled with cash
alternative
Leases ACC005
- Books of Lessee
 ● Initial recognition
of right-of-use
asset and lease
liability
● Subsequent
measurement of
right-of-use asset
and lease liability
(including changes
in estimates)
● Financial statement
presentation of
right-of-use asset
and lease liability
● Exemption to
recognition and
measurement
principles
- Books of Lessor
● Direct finance
lease
● Manufacturer’s or
dealer’s lease
● Operating lease
- Sale-leaseback
Income Tax ACC005
- Accounting profit and taxable
profit
- Book basis and tax basis
- Computation and accounting
for current income tax and
deferred income tax, deferred
tax liability (asset) and current
income tax liability (asset)
- Financial statement
presentation and disclosure
Employee Benefits
- Nature and Classification
- Recognition and Measurement
of Employee Benefit Costs
under Defined Benefit Plan
and Defined Contribution Plan
- Presentation and Disclosure
Interim Reporting ACC005
- Purpose and Components of
Interim Financial Reports
 - Recognition of Income,
Expenses, Assets, and
Liabilities for Interim
Reporting
Operating Segments ACC005
- Identifying Operating
Segments
- Reporting Segment
Information
Other Reporting Applicability and salient differences 6 ACC011
Frameworks from PFRS of the following reporting
frameworks
- PFRS for SMEs
- PFRS for Small Entities
- Reporting for
Microenterprises
TOTAL ITEMS 70

Subject: Advanced Financial Accounting and Reporting

Major Topics Subtopics Number Course in

of Items the
Curriculum
Partnership Nature, Scope, and Objectives 10 ACC001
Accounting - Differentiate from single
proprietorship and corporation
accounting
- Concepts, principles, rules,
practices, and procedures
Formation ACC001
- Initial Capital Contribution
Operation/Dissolution/Changes in ACC001/
Owner’s Interest ACC009
- Admission of New Partner
- Withdrawal, Retirement, or
death of a partner
- Incorporation of a Partnership
Liquidation of Partnership ACC009
- Lump-Sum Method
- Installment Method
Corporate - Statement of Affairs 4 ACC009
Liquidation - Statement of Deficiency
 - Statement of Realization and
Liquidation
- Determination of the order of
priority of claimants of
company assets subject to
liquidation

Joint Arrangements Joint Operations 4 ACC009

(PFRS 11) - Nature and Scope
- Differentiate from Business
Combination
- Standards, Principles and
Methods
Joint Venture (Equity Method) ACC009
- Nature and Scope
- Differentiate from Business
Combination
- Standards, Principles and
Methods
Revenue Recognition Revenue from Contracts with 10 ACC008
(PFRS 15) Customers
- Five Steps Model Framework
- Other Revenue Recognition
Issues
● Right of Return
● Principal-agent
Relationships
● Non-Refundable
upfront fees
● Licensing/Royaltie
s
● Repurchase
Arrangements
● Gift Cards
● Consignment
Arrangements
● Bill and Hold
Arrangements
● Long-Term
Construction
Contracts
(Percentage of
Completion,
Contract
Asset/Contract
Liability)
 ● Franchise
Operations
● Accounting for
Consignment Sales
- Presentation of Financial
Statements
Accounting for - Transactions on the books of 4 ACC009
Home Office, Branch the home office and the
and Agency branch
Transactions ● General Procedure
● Special Procedure
(inter- branch
transfer of cash
and merchandise at
billed price)
- Reconciliation of reciprocal
accounts
- Preparation of individual and
combined financial statements
- Accounting for agency
transactions
Business - Nature, scope, and 6 ACC009
Combination (PFRS characteristics
3) - Statutory Merger and
Consolidation/Acquisition of
assets and liabilities
(acquisition method)
● Determination of
Consideration
Transferred
● Recognition of
Acquired Assets
and Liabilities
● Recognition and
Measurement of
Goodwill and Gain
from a Bargain
Purchase
● Journal Entries
- Financial Statement
Presentation
Separate Financial - Accounting for Investment in 4 ACC009
Statements (PAS 27) Subsidiaries, Associates and
Joint Ventures
● At Cost
 ● Financial
Instruments:
Recognition and
Measurement
(PAS 39)
● Financial
Instruments in
accordance with
PFRS 9
- Accounting for dividends and
related disclosure
requirements
Consolidated - Consolidation Procedures 5 ACC009
Financial Statements ● Net income,
(PFRS 10) dividends,
amortization, and
impairment of
goodwill
● With intercompany
transactions
(Inventories, land,
and depreciable
assets)
● Determination of:
- Net Income/
Other
Comprehensive
Income/ Equity
Attributable to
Equity Holders of
Parent/ Controlling
or Parent’s Interest
- Non-controlling
Interest
- Consolidated/
Group

● Retained Earnings/
Common Share /
Dividends
Attributable to
Equity Holders of
Parent /
Controlling or
Parent’s Interest/
 Consolidated /
Group

Derivatives and Accounting for Derivatives 4 ACC008

Hedging Accounting - Recognition and Derivatives
(PFRS 9) - Types of Derivatives
● Forwards and
Futures
● Options
- Hedging Activities: Hedging
Foreign Currency Exposure
● Fair Value Hedge
● Cash Flow Hedge
Translation of - Translation from the 3 ACC008
Foreign Currency Functional Currency into the
Financial Presentation
Statements(PAS21/P Currency(Closing/ Current
AS29) Rate Method)
- Translation into the
Functional
Currency(Remeasurement
from a Foreign Currency
Financial Statements to the
Functional Currency)
- Restatement of Financial
Statements (Functional
Currency of a
Hyperinflationary Economy)
Not-for-Profit - Voluntary Health and Welfare 2 ACC010
Organizations Organization (VHWO)
- Hospitals and Other Health
Care Organizations
- Colleges and Universities
- Other not-for-profit
organizations such as
churches, museums, fraternity,
association, etc.
Government - Basic Concepts in 2 ACC010
Accounting–General Government Accounting
Fund - Budget Process
- Government Accounting
Manual (GAM)
- Journal Entries- Books of
National Government Agency
Cost Accounting System of Cost Accumulation and 10 ACC006
Costing System
 - Comparison between actual
costing, normal costing and
standard costing
Job Order Costing System ACC006
- Journal Entries
- Preparation of Statement of
Goods Manufactured and Sold
- Accounting for Scrap, waste,
spoilage, and re-work
- Cost accumulation
procedures- materials, labor
and overhead
Process Costing System ACC006
- Journal Entries
- Preparation of Production
Report (FIFO and Average
Method)
- Accounting for Lost Units
(Normal and Abnormal)
- Cost accumulation
procedures- materials, labor
and overhead
Backflush Costing System (JIT ACC006
System)
- Journal Entries
- Cost accumulation
procedures- materials, labor
and overhead
Activity-Based Costing (ABC Costing) ACC006
- Allocation of Cost:
Traditional vs ABC System
- Determination of Total
Product Cost: Traditional vs
ABC System
- Activity Levels (unit, batch,
product and facility), cost pool
and activity drivers
- Determination of cost pool
rates and application of
overhead costs
Accounting for Joint and By-Product ACC006
- Methods of Allocating Joint
Costs to Products
- Methods of Allocating Joint
Costs to By-Products
- Treatment of by-products
 Service Cost Allocation ACC006
- Direct Method
- Step-down method
- Reciprocal method
Other Special Topics Accounting for Insurance Contracts by 2 ACC010
(Basic Knowledge) insurers (PFRS 17)
- Types of insurance contracts
- Changes in accounting
policies
- Recognition and measurement
of insurance and reinsurance
contracts
Service Concession Arrangement – ACC010
Accounting for Build, Operate and
Transfer (PFRIC 12)
- Two Types of Service
Concession Arrangements
● Financial Asset
● Intangible Asset

Subject: Management Services

Major Topics Subtopics Number Course in

of Items the
Curriculum
Management Objectives, Role, and Scope of 40 ACC007
Accounting Management Accounting
- Basic Management Functions and Concepts
- Distinction among management accounting, cost
accounting, and financial accounting
- Roles and activities of controller and treasurer
- International Certifications in management
accounting
- Global Trends in Management Accounting

Management Accounting concepts and ACC007

techniques for Planning & Control
- Cost terms, concepts, and behavior
- CVP Analysis
- Standard Costing and Variance Analysis
- Variable vs Absorption Costing
- Financial Planning and Budgets
Management accounting concepts and MGT008
techniques for performance
measurement
- Responsibility Accounting and Transfer Pricing
- Balanced Scorecard
 Management Accounting Concepts and MGT008
Techniques for Decision Making
- Relevant Costing and Differential Analysis
Financial Objectives and scope of financial 25 FIN002
Management management
- Nature, purpose, and scope of
financial management
- Role of financial managers in
investment, operating and
financing decisions
Financial Management Concepts and FIN002 /
Techniques for Planning, Control & FIN001
Decision Making
- Financial Statement Analysis
- Working Capital Management
- Capital Budgeting
- Risks and Leverage
- Capital Structure and Long-
Term financial decision
- Financial Markets
Economic concepts Macroeconomics 5 ECN001
essential to (national economic issues and measures of
obtaining an economic performance such as GDP,
understanding of Business cycle; unemployment and
entity’s business inflation; fiscal and monetary policies;
and industry international trade and foreign exchange
rates)
Microeconomics ECN002
(concept of and factors affecting supply;
concept of and factors affecting demand;
market equilibrium; price elasticity of
demand; market structure; production and
cost functions)
 Subject: Auditing

Major Topics Subtopics Number Course in

of Items the
Curriculum
Theory of Auditing Fundamentals of Auditing and 34 AUD001
and Attestation Assurance Services
Services - Introduction to assurance
engagements
- Introduction to auditing
The Risk-based Financial Statement AUD001
Audit – Client Acceptance, Audit
Planning, Supervision and Monitoring
- Overview of the risk-based
audit process
- Pre-engagement procedures
- Scope and Purposes of Audit
Planning
● Essential Planning
Requirements
(Knowledge of
Business, PreAP,
Materiality, Audit
Risks, Audit Plan
and Audit Program)
- Direction, Supervision, and
Review
Understanding the Entity and its AUD001
Environment including its Internal
Control and Assessing the Risks of
Material Misstatement
- Industry, regulatory and other
external factors, including the
applicable financial reporting
framework
- Internal Control
- Assessing the Risk of Material
Misstatement
- Communicating with those
charged with governance and
management
Audit Objectives, Procedures, Evidence AUD001
and Documentation
- Nature and significance
- Evidential matters
 - Audit procedures/techniques,
including audit selection
- Audit working papers
Completing the Audit/Post-Audit AUD001
Responsibilities
- Completing the audit and audit
report preparation
● Analytical
Procedures for
Overall Review
● Related Party
Transactions
● Subsequent Events
Review
● Assessment of On-
going concern
assumption
● Obtaining Client’s
representation letter
● Evaluating Findings,
formulating opinion,
and drafting the
audit report
- Post Audit Responsibilities
● Subsequent
discovery of facts
● Subsequent
discovery of omitted
procedures
Reports on Audited Financial AUD001
Statements
- The unqualified auditor’s report
- Basic Elements of the
unqualified auditor’s report
- Modified Auditor’s Report
- Report on Comparatives
- Key Audit Matters
Auditing in a Computerized AUD005
Information Systems (CIS)
Environment
- Internal Control in CIS
Environment
- Basic Approach to the audit of
CIS environment
- Auditing new technologies
Attestation Services AUD005
 - Procedures and Reports on
Special purpose audit
engagements
- Attestation and Related
Services
- The Role of CPAs in rendering
other services (aside from
auditing and attestation)
Auditing Practice Governance, Ethics and Quality 36 MGT006
Management
- Corporate Governance
- Ethical Standards and
Responsibilities of Professional
Accountants
- System of Quality management
- Regulatory Requirements
related to the practice,
accreditation and regulation of
public accounting and auditing
services
Planning the Audit and Performing Risk AUD002
Assessment Procedures
- Risk Based Audit
- Risk Assessment
- Preliminary Activities
- Planning the Audit
- Performing Risk Assessment
Procedures- Entity Wide and
Business Process Level
Risks Response AUD002
- Risk Response Overview
- Developing Risk Based Audit
Plan
- Determining the extent of
testing
- Documenting Work Performed
- Written Representations
- Engagement Supervision and
Consultation
Audit Communication and Reporting AUD003
- Reporting- Overview
- Evaluating Audit Evidence
- Communicating Results
- Preparing the Audit Report
- Monitoring and Closing the
engagement
 Subject: Regulatory Framework for Business Transactions

Major Topics Subtopics Number Course in

of Items the
Curriculum
Law on Business Obligations 6 LAW001
Transactions - Describe obligations
- Sources of obligations and their
concepts
- Kinds of Obligations
- Circumstances affecting
Obligations in general
- Nature and effects of
obligations
- Extinguishment of Obligation
- Loss of the thing due, remission
or condonation, confusion,
compensation, and novation
Contracts 6 LAW001
- General Provisions
- Essential Requisites
- Forms of Contracts
- Reformation of
Instruments/Contracts
- Interpretation of contracts
- Defective contracts
Sales 3 LAW003
- Nature, Forms, and requisites of
sales
- Earnest Money vs Option
Money
- Rights/Obligations of vendor
and vendee
- Warranties of Sales
- Installment Sales
- Extinguishment of a contract of
sale
- Legal Redemption of Sales
Credit Transactions 3 LAW003
- Pledge, Real Mortgage and
Chattel Mortgage
- Requirements to bind parties
and third persons
 - Rights and Obligations of
pledgor and pledgee
- Rights and Obligations of
mortgagor and mortgagee
- Modes of extinguishment
Bouncing Checks - Requisites to be liable under BP 2 LAW003
22
- Bouncing Checks vs Estafa (Art
315 (2)) (d)
Consumer - Consumer Product Quality and 2 LAW003
Protection Safety
- Different deceptive sales acts
and practices
- Product Service and Warranty
- Labelling and Packaging
- Consumer Rights (Price Tag
Act, Lemon Law)
Financial - Definition of the terms 5 LAW003
Rehabilitation and - Suspension of Payments
Insolvency - Rehabilitation Application
- Liquidation Application
Philippine - Definition and scope of 2 LAW003
Competition Act application
- Prohibited Acts
- Covered Transactions
Government - General Principles 2 LAW003
Procurement Law - Scope and Application
- Definition of Terms
- Procurement Procedures
- Disclosure of Relations
- Alternative Methods of
Procurement
Law on Business Partnerships 6 LAW002
Organization - Nature
- Kinds of Partnerships
- Formalities Required
- Rules of Management
- Obligation of the Partners
- Rights of a Partner
- Sharing of Profit and Losses
- Dissolution and Winding-up
- Limited Partnership
Corporations 30 LAW002
- Nature
- Classes of Corporation
- Nationality of Corporations
 - Doctrine on Corporate Juridical
Personality
- Capital Structure
- Process of incorporation and
organization
- Corporate Powers of
Corporations
- Rights of Stockholders and
Members
- Role of Board of Directors and
Trustees
- Capital Affairs of Corporation
- Modes and Methods of
Dissolution and Liquidation
- Other Corporations Operations
(e.g non-stock, educational,
religious, ONE PERSON
CORP.)
- Merger and Consolidation
- Investigations, Offenses, and
Penalties
- Corporate Governance
- Securities
- SRC Rule 68
● General Financial
Reporting
- SEC Issuances
Insurance 3 ACC010
- Concept
- Elements of Insurance Contract
- Characteristics and Nature
- Classes of Insurance
- Variable Contracts
- Insurable interest
- Perfection of insurance contract
- Rescission of insurance
contracts
- Claims settlement and
subrogation
Cooperatives 5 LAW002
- Organization and Registration
of Cooperatives
- Administration of Cooperatives
- Responsibilities, Rights,
Assurance, and privileged of
cooperatives
 - Memberships
- Capital, property of funds
- Audit, inquiry, and members’
right to examine
- Allocation and distribution of
funds
- Types and categories of
cooperatives
- Merger and Consolidation of
Cooperatives
- Dissolution of Cooperatives
Law on Other PDIC Law 2 LAW003
Business - Insurable Deposits
Transactions - Maximum Liability
- Requirements for Claims
Secrecy of Bank Deposits 2 LAW003
- Purpose
- Prohibited Acts
- Types of deposits covered
- Exceptions
- Garnishment of deposits
including foreign deposits
Truth in Lending Act 2 LAW003
- Purpose
- Obligation of Creditors
- Covered and excluded
transactions
- Consequences of non-
compliance with obligations
AMLA Law 6 LAW003
- Purpose, policies and principles
- Definition of terms
- Unlawful activities
- Covered Persons
- Money laundering, terrorism
and financing and asset
forfeiture
- Preventive measures and
obligations of covered persons
- Beneficial ownership
- Record-keeping requirements
- Safe harbor
Intellectual Property Law (Except 2 LAW003
provisions under Part 1)
- Patents
 - Trademark, service marks and
trade names
- Copyright
Data Privacy Act 3 LAW003
- Definitions
- Scope of Application
- Data privacy principles
- Processing of personal data
- Security measures for
protection of personal data
- Rights of data subject
- Data breach notification
- Outsourcing and subcontracting
agreements
- Registration and compliance
requirements
Electronic Commerce Act 2 LAW003
- Principles
- Application
- Definition of terms
- Legal recognition and
communication of electronic
data messages and electronic
documents
- Electronic commerce in
carriage of goods
- Electronic transactions in
government
Ease of Doing Business and Efficient 2 LAW003
Delivery of Government Service Act
- Policy, construction, and
interpretation
- Definition of terms
- Coverage and Scope
- Reengineering of systems and
procedures
- Citizens Charter
- Accessing government services
- Streamlined procedures for the
issuance of permits and licenses
- Violations, jurisdiction,
penalties, and immunity
Labor Law 2 LAW003
- Labor standards
Social Security Law 2 LAW003
- Definition of terms
 - Scope and coverage
- Pension, retirement, and
benefits
- Exemptions from tax, legal
process and lien
- Employees and employer’s
contributions
- Contributions from self-
employed members
- Remittance of contributions
- Method of collection and
payment
- Employment records and
reports
- Penal clauses

Subject: Taxation

Major Topics Subtopics Number Course in

of Items the
Curriculum
Principles of - Nature, scope, classification, 8 TAX001
Taxation and essential characteristics
- Principles of sound tax system
- Limitations on the power of
taxation
- Tax evasion vs Tax avoidance
- Double taxation
- Legislation of tax laws
- Impact of taxes in nation
building
- Ethical tax compliance and
administration
- Organization and functions of
BIR, LGU tax collecting units,
Board of Investments, PEZA
and the Bases Conversion and
Development Authority
Tax Remedies - Remedies of the government 8 TAX001/TA
- Remedies of the taxpayer X002
Income Taxation - Taxpayer and Tax Base 14 TAX001
- Gross Income Computation
- Deductions from Gross Income
 - Accounting periods and
methods
- Tax due and tax credit
computation
- Tax return preparations and
filing and tax payment
requirements
- Withholding taxes (at source,
expanded or creditable, FWT,
and withholding tax on
government payments)
- Compliance requirements
- Specific provisions of special
laws
● Senior Citizen’s
Law
● Magna Carta for
Disabled Persons
● Barangay Micro
Business Enterprises
- Tax Rules vs Accounting Rules
- Tax implications of
transactions, tax planning
strategies within legal and
ethical bounds
Transfer Taxes - Estate Tax 12 TAX002
- Donor’s Tax
Business Taxes - VAT 12 TAX002
- Percentage Tax
- Provisions of other special laws
▪ Senior Citizen’s
Law
▪ Magna Carta for
Disabled
Persons

Excise Tax - Nature and Characteristics of 2 TAX002

Excise Tax
- Transactions subsect to and/or
exempt from excise tax
- Tax base and tax due
computation
- Tax return preparation, filing
and payment requirements
- Compliance requirements
 - Tax implications of
transactions, tax planning
strategies within legal and
ethical bounds
Documentary Stamp - Nature and Characteristics of 2 TAX002
Tax Documentary Stamp Tax
- Transactions subject to and/or
exempt from excise tax
- Tax base and tax due
computation
- Tax return preparation, filing
and payment requirements
- Compliance requirements
- Tax implications of
transactions, tax planning
strategies within legal and
ethical bounds
Taxation under the - Fundamental Principles, scope 4 TAX002/Sem
Local Government of taxing power of LGU inar Type
Code - Scope and types of local taxes
(limited to real property tax,
local tax imposed by provinces,
municipalities and cities, and
barangays)
- Tax base and tax rates
- Venue and time of payment
- Remedies available to
government and taxpayer
- Tax implications of
transactions, tax planning
strategies within legal and
ethical bounds
Preferential - Special Economic Zone Act for 8 TAX002/Sem
Taxation the purpose of determining tax inar Type
liabilities and tax incentives
- Bases Conversion and
Development Act (BCDA) for
the purpose of determining tax
liabilities and tax incentives
- Omnibus Investment Code) for
the purpose of determining tax
liabilities and tax incentives
- Basic principles of tax treaty
and specific provisions of
Double Taxation Agreement
(DTA) models (e.g. OECD
 Model Tax Convention, UN
Model Double Taxation
Convention and United States
Model Income Tax
Convention) in determining the
tax implications of various
income items of non- residents
- Tax implications of
transactions, tax planning
strategies within legal and
ethical bounds

References:

Financial Accounting & Reporting

- Ballada
Conceptual Framework and Accounting Standards
- Millan
- Valix
- Ballada
Intermediate Accounting 1, 2 & 3
- Valix
- Millan
Cost Accounting and Control and Other Management Services
- De Leon
- Cabrera
- Cornerstone
AFAR Related Courses except Cost Accounting
- Millan
Taxation
 - Banggawan
Auditing
- Foreign Authors
- Salosagcol
- Roque
RFBT
- De Leon