BOARD TOPICS REMARKS

SUBJECT

FAR BASIC FINANCIAL ACCOUNTING AND REPORTING

Accounting For Service and Merchandising

Basic Accounting For Partnerships And Corporations

FINANCIAL ASSETS

Cash and Cash Equivalents

Bank Reconciliation & Proof of Cash

Trade and Non-Trade receivables

Financial Instruments and Investments

NON-FINANCIAL ASSETS

Inventories

Property, Plant and Equipment

Investment Properties

Agriculture

Intangible Assets

Goodwill

LIABILITIES

Premiums and Warranties

Deferred Revenue and Accrued Liabilities

Provisions and Contingencies

Trade and Non-Trade Payables

Compound Financial Instruments

Post-Employment Benefits

Leases

Accounting for Income Taxes

SHAREHOLDER’S EQUITY

Basic Accounting for SHE

Treasury Shares

Retained Earnings

Appropriation and Quasi-Reorganization

Shared-Based Compensations

Distribution of Dividends

Book Value Per Share

Basic and Diluted Earnings Per Share

OTHER TOPICS

Financial Statements

Changes in Policies and Estimates

Correction of Errors

Cash to Accrual Basis

Related Parties

Events After the Reporting Period

Operating Segments

Interim Financial Reporting

RFBT OBLIGATIONS

General Provisions

Nature and Effects of Obligations

Kinds of Obligations

Extinguishment of Obligations

CONTRACTS

General Provisions

Essential Requisites of Contracts

Form of Contracts

Reformation of Instruments

Interpretation of Contracts

Kinds of Defective Contracts

PARTNERSHIP

Partnerships in General

Kinds of Partnerships and Partners

Obligations of Partners to the Partnership and to its Partners

Obligations of Partners to Third Parties

Rights of a Partner

Dissolution and Winding-Up

Limited Partnership

CORPORATION

General Provisions Definitions And Classifications

Incorporation And Organization Of Private Corporations

Board Of Directors/Trustees And Officers

Powers Of Corporations

Bylaws

Meetings

Stocks And Stockholders

Corporate Books And Records

Merger And Consolidation

Appraisal Right

Nonstock Corporation

Close Corporations

Special Corporations

Dissolution

Foreign Corporations

Investigations, Offenses, And Penalties

Miscellaneous Provisions (Not Needed)

SALES

Nature and Form of the Contract

Capacity to Buy or Sell

Effects of the Contract When the Thing Sold Has Been Lost

Obligations of the Vendor

Recto and Maceda Law

Obligations of the Vendee

Actions for Breach of Contract of Sale of Goods

Extinguishment of Sale

CREDIT TRANSACTIONS

Pledge

Real and Chattel Mortgage

Antichresis

SPECIAL LAWS

Intellectual Property Code

Data Privacy Act

Checks and BP 22 - Anti-Bouncing Checks Law

Articles 315 & 316 of the RPC - Estafa

PDIC Law

Bank Secrecy Law

Foreign Currency Deposits Law

Truth in Lending Act

Anti-Money Laundering Act

The Financial Rehabilitation and Insolvency Act of 2010

The Ease of Doing Business and Government Service Delivery Act of 2018

Government Procurement and Reform Act

Consumer Act of the Philippines

The Lemon Law

 The Price Tag Act

Philippine Competition Act

Labor Laws

Social Security Law

TAX Principles of Taxation

Tax Remedies

Income Taxes

Estate Tax

Donor’s Tax

Value-Added Tax

Percentage Tax

Documentary Stamp Tax

Excise Tax

Taxation Under the Local Government Code

Preferential Taxation

AFAR Cost Concepts and Behaviors

Job Order System

Production Losses Under Job Order System

Materials Control, Plan and Cost

Labor Controlling and Accounting

Factory Overhead Control

Service Cost Allocation Methods

Activity-Based Costing

Process Costing

Production Losses Under Process Costing System

Standard Costing

Just in Time and Backflushing

To follow…