LECPA Review Study Guide (Sir Brad's Version)

Schedule of Topics
Finish review in 4 months (1 hr per day)
Note: we recommend 1.5x watching speed (or even 2x for other topics)

FAR AFAR MS TAX AT AP RFBT

Week 1
Mon > Cash and Cash Equivalents

Tue > Partnership Formation

Wed > Cost Concepts

Thur > General Principles

Fri > Overview of Audit

Sat > Audit of Accounts Receivable

Sun > Intellectual Property Code

Week 2
Mon > Bank Reconciliation

Tue > Partnership Operation

Wed > CVP Analysis

Thur > Individuals

Fri > System of Quality Control

Sat > Audit of Inventory

Sun > PDIC

Week 3
Mon > Trade and Other Receivables

Tue > Partnership Dissolution

Wed > Absorption Vs. Variable Costing

Thur > Corporations

Fri > Audit Planning

Sat > Audit of Investments

> Bank Secrecy

Sun
> Data Privacy Act

Week 4
Mon > Notes and Loan Receivable and Impairment

Tue > Partnership Liquidation

Wed > Standard Costing

Thur > Corporations

Fri > Audit Risk

Sat > Audit of PPE

> Electronic Commerce Act

Sun
> Corporate Governance

Week 5
Mon > Receivable Financing

Tue > Corporate Liquidation

Wed > Budgeting

> Partnership, JV, Co-
Thur ownership
> Estate and Trust
Fri > Understanding Internal Controls

Sat > Audit of Intangible Assets

> Ease of Doing Business

Sun
> Securities Regulations Code

Week 6
Mon > Inventory

Tue > Home Office and Branch

Wed > Relevant Costing

Thur > Gross Income

Fri > Testing of Controls (TOC)

Sat > Audit of SHE

> Bouncing Checks Law (BP 22)
Sun
> AMLA

Week 7
Mon > Inventory Estimation

Tue > Job Order Costing

Wed > Responsibility Accounting

Thur > Deductions

Fri > Audit Evidence

Sat > Audit of Liabilities

Sun > Obligations

Week 8

Mon > Investments

Tue > Process Costing

Wed > Transfer Pricing

> Fringe Benefits

Thur
> Installment Reporting

Fri > Audit Sampling

Sat > Error Correction

LECPA Review Study Guide (Sir Brad's Version)
Schedule of Topics
Finish review in 4 months (1 hr per day)
Note: we recommend 1.5x watching speed (or even 2x for other topics)

FAR AFAR MS TAX AT AP RFBT

Sun > Obligations

Week 9
> Investment in Associate
Mon > Joint Arrangement
> Investment Property
Tue > ABC Analysis

Wed > Capital Budgeting

Thur > Capital Asset

Fri > Completing the Audit

Sat > Audit of Cash

Sun > Contracts

Week 10

Mon > Property, Plant and Equipment

> Joint and By-Product Costing

Tue
> JIT and Backflush Costing, ABC
Analysis
Wed > Cost of Capital

Thur > Donor's Tax

Fri > Opinion and Auditor's Report

> Government Grant

Sat
> Borrowing Cost

> Sales
Sun
> Credit Transactions

Week 11
> Revaluation and Impairment
Mon
> Exploration Assets and Depletion
Tue > Forex

Wed > Financial Statement Analysis

Thur > Estate Tax

Fri > IT Audit

Sat > Intangible Assets

Sun > Corporations

Week 12
Mon > Biological Assets

Tue > Derivatives

Wed > Working Capital Management

Thur > Estate Tax

Fri > Code of Ethics

Sat > Shareholders’ Equity (FAR)

Sun > Corporations

Week 13

Mon > Leases

Tue > Business Combination

Wed > Quantitative Analysis

Thur > Value-Added Tax

Fri > RA 9298

> NCAHFS and Discontinued Operations (FAR)

Sat > Accounting Changes - Policies and
Estimates (FAR)

Sun > Partnership

Week 14
Events After The Reporting Period
Mon
Basic Accounting Concepts
Tue > Joint Arrangement

Wed > Economics

Thur > Value-Added Tax

Fri > Bonds Payable (FAR)

Sat > Employee Benefits (FAR)

Sun > Cooperatives

Week 15
Mon > Current Liabilities

Tue > Non-Profit Organization

Wed > Note Payable and Debt Restructure

> Other Percentage Tax

Thur
> Excise Tax and DST

> Interim Reporting

Fri
> Operating Segment

> Revised Conceptual Framework (FAR)

Sat
> Related Party Disclosures

> Truth in Lending Act

Sun
> Consumer Production
LECPA Review Study Guide (Sir Brad's Version)
Schedule of Topics
Finish review in 4 months (1 hr per day)
Note: we recommend 1.5x watching speed (or even 2x for other topics)

FAR AFAR MS TAX AT AP RFBT

Week 16

Mon > Income Tax

Tue > Government Accounting

Wed > Share-Based Compensation (FAR)

Thur > Local Taxes

Fri > Presentation of Financial Statements

Sat > Book Value Per Share and Quasi-Reorganization

> FRIA
Sun
> Government Procurement Law

Week 17
> Statement of Financial Position
Mon
> Statement of Comprehensive Income
Tue > IFRS 15

Wed > Statement of Cash Flows (FAR)

Thur > Preferential Taxation

Fri > Earnings per share (EPS)

Sat

> Philippine Competition Act

Sun > Amended Insurance Code
> Philippine Lemon Law

Week 18

Mon > SMEs

Tue

Wed

Thur > Remedies and Filing

Fri

Sat

> Labor Law

Sun
> Social Security Law
LECPA Review Study Guide (Sir Brad's Version)
Schedule of Topics
Finish review in 3 months (2 hrs per day)
Note: we recommend 1.5x watching speed (or even 2x for other topics)

FAR AFAR MS TAX AT AP RFBT

Week 1
> Cash and Cash Equivalents
Mon
> Bank Reconciliation

> Partnership Formation

Tue
> Partnership Operation

Wed > Cost Concepts

Thur > General Principles

Fri > Overview of Audit

Sat > Audit of Accounts Receivable

> Intellectual Property Code

Sun
> PDIC

Week 2

Mon > Trade and Other Receivables

Tue > Partnership Dissolution

> CVP Analysis

Wed
> Absorption Vs. Variable Costing

Thur > Individuals

Fri > System of Quality Control

Sat > Audit of Inventory

> Bank Secrecy

Sun
> Data Privacy Act

Week 3
> Notes and Loans Receivable and Impairment
Mon
> Receivable Financing

Tue > Partnership Liquidation

Wed > Standard Costing

Thur > Corporations

Fri > Audit Planning

Sat > Audit of Investments

> Electronic Commerce Act

Sun
> Corporate Governance

Week 4
> Inventory
Mon
> Inventory Estimation

Tue > Corporate Liquidation

> Budgeting
Wed
> Relevant Costing
> Partnership, JV, Co-
Thur ownership
> Estate and Trust
Fri > Audit Risk

Sat > Audit of PPE

> Ease of Doing Business

Sun
> Securities Regulations Code

Week 5

Mon > Investments

Tue > Home Office and Branch

> Responsibility Accounting

Wed
> Transfer Pricing

Thur > Gross Income

Fri > Understanding Internal Controls

Sat > Audit of Intangible Assets

> Bouncing Checks Law (BP 22)

Sun
> AMLA

Week 6
> Investment in Associate
Mon > Joint Arrangement
> Investment Property
> Job Order Costing
Tue
> ABC Analysis

> Capital Budgeting

Wed
> Cost of Capital

Thur > Deductions

Fri > Testing of Controls (TOC)

Sat > Audit of SHE

Sun > Obligations

Week 7
> Property, Plant and Equipment
Mon
> Revaluation and Impairment

Tue > Process Costing

LECPA Review Study Guide (Sir Brad's Version)
Schedule of Topics
Finish review in 3 months (2 hrs per day)
Note: we recommend 1.5x watching speed (or even 2x for other topics)

FAR AFAR MS TAX AT AP RFBT

Wed > Financial Statement Analysis

> Fringe Benefits

Thur
> Installment Reporting

Fri > Audit Evidence

Sat > Audit of Liabilities

Sun > Contracts

Week 8
> Exploration Assets and Depletion
Mon
> Government Grant

> Joint and By-Product Costing

Tue > JIT and Backflush Costing, ABC
Analysis
> Working Capital Management
Wed
> Quantitative Analysis

Thur > Capital Asset

Fri > Audit Sampling

Sat > Error Correction

> Sales
Sun
> Credit Transactions

Week 9
> Borrowing Cost
Mon
> Biological Assets

> Forex
Tue
> Derivatives

Wed > Economics

Thur > Donor's Tax

Fri > Completing the Audit

Sat > Audit of Cash

Sun Corporations

Week 10

Mon > Intangible Assets

Tue > Business Combination

Wed > Bonds Payable (FAR)

Thur > Estate Tax

Fri > Opinion and Auditor's Report

Sat > Leases (FAR)

> Partnership
Sun
> Cooperatives

Week 11
> Current Liabilities
Mon
> Note Payable and Debt Restructure
> Joint Arrangement
Tue
> Non-Profit Organization

Wed > Employee Benefits (FAR)

Thur > Value-Added Tax

Fri > IT Audit

Sat > Shareholders’ Equity (FAR)

> Truth in Lending Act

Sun
> Consumer Production

Week 12
Mon > Income Tax (FAR)

Tue > Government Accounting

> NCAHFS and Discontinued Operations

(FAR)
Wed
> Accounting Changes - Policies and
Estimates (FAR)

> Other Percentage Tax

Thur
> Excise Tax and DST

Fri > Code of Ethics

Events After The Reporting Period (FAR)

Sat
Basic Accounting Concepts (FAR)
> FRIA
Sun
> Government Procurement Law

Week 13
Mon > Share-Based Compensation (FAR)

Tue > IFRS 15

> Statement of Financial Position (FAR)

Wed
> Statement of Comprehensive Income
(FAR)
Thur > Local Taxes

Fri > RA 9298

Sat > Statement of Cash Flows (FAR)

LECPA Review Study Guide (Sir Brad's Version)
Schedule of Topics
Finish review in 3 months (2 hrs per day)
Note: we recommend 1.5x watching speed (or even 2x for other topics)

FAR AFAR MS TAX AT AP RFBT

> Philippine Competition Act
Sun
> Amended Insurance Code

Week 14
> Related Party Disclosures
Mon
> Interim Reporting
> Operating Segment
Tue > Presentation of Financial
Statements
> Book Value Per Share and Quasi-
Wed Reorganization
> Revised Conceptual Framework (FAR)
> Preferential Taxation
Thur
> Remedies and Filing
> SMEs (FAR)
Fri
> Earnings per share (EPS)

Sat > Philippine Lemon Law (RFBT)

> Labor Law

Sun
> Social Security Law
LECPA Review Study Guide (Sir Brad's Version)
Schedule of Topics
Finish review in 2 months (3 hrs per day)
Note: we recommend 1.5x watching speed (or even 2x for other topics)

FAR AFAR MS TAX AT AP RFBT

Week 1
> Cash and Cash Equivalents
Mon > Bank Reconciliation
> Trade and Other Receivables

> Partnership Formation

Tue
> Partnership Operation

> Cost Concepts

Wed
> CVP Analysis

> General Principles

Thur
> Individuals
> Overview of Audit
Fri
> System of Quality Control

> Audit of Accounts Receivable

Sat
> Audit of Inventory
> Intellectual Property Code
Sun > PDIC
> Bank Secrecy

Week 2
> Notes and Loans Receivable and Impairment
> Receivable Financing
Mon
> Inventory
> Inventory Estimation
> Partnership Dissolution
Tue
> Partnership Liquidation
> Absorption Vs. Variable
Wed Costing
> Standard Costing
Thur > Corporations

> Audit Planning

Fri
> Audit Risk

> Audit of Investments

Sat
> Audit of PPE
> Data Privacy Act
Sun > Electronic Commerce Act
> Corporate Governance

Week 3
> Investments
Mon > Investment in Associate
> Joint Arrangement

> Corporate Liquidation

Tue
> Home Office and Branch

> Budgeting
Wed
> Relevant Costing
> Partnership, JV, Co-
Thur ownership
> Estate and Trust
> Understanding Internal Controls
Fri
> Testing of Controls (TOC)

> Audit of Intangible Assets

Sat
> Audit of SHE

> Ease of Doing Business

> Securities Regulations Code
Sun
> Bouncing Checks Law (BP 22)
> AMLA

Week 4
> Investment Property
Mon
> Property, Plant and Equipment
> Job Order Costing
Tue
> Process Costing
> Responsibility Accounting
Wed
> Transfer Pricing
> Gross Income
Thur
> Deductions

Fri > Audit Evidence

> Audit of Liabilities

Sat
> Error Correction

Sun > Obligations

Week 5
> Revaluation and Impairment
Mon > Exploration Assets and Depletion
> Government Grant
> Joint and By-Product Costing
Tue > JIT and Backflush Costing
> ABC Analysis

> Capital Budgeting

Wed
> Cost of Capital
> Fringe Benefits
Thur > Installment Reporting
> Capital Asset
> Audit Sampling
Fri
> Completing the Audit

Sat > Audit of Cash

> Contracts
Sun > Sales
> Credit Transactions

Week 6
> Borrowing Cost
Mon > Biological Assets
> Intangible Assets
> Forex
Tue
> Derivatives

> Financial Statement Analysis

Wed
> Working Capital Management
LECPA Review Study Guide (Sir Brad's Version)
Schedule of Topics
Finish review in 2 months (3 hrs per day)
Note: we recommend 1.5x watching speed (or even 2x for other topics)

FAR AFAR MS TAX AT AP RFBT

> Donor's Tax
Thur
> Estate Tax

> Opinion and Auditor's Report

Fri
> IT Audit

> Shareholders’ Equity (FAR)

Sat
> Share-Based Compensation (FAR)

Sun Corporations

Week 7
> Current Liabilities
Mon
> Note Payable and Debt Restructure

Tue > Business Combination

> Quantitative Analysis

Wed
> Economics

Thur > Value-Added Tax

> Code of Ethics

Fri
> RA 9298

> Statement of Financial Position (FAR)

Sat > Statement of Comprehensive Income (FAR)
> Statement of Cash Flows (FAR)
> Partnership
Sun
> Cooperatives

Week 8
> Bonds Payable > Joint Arrangement
Mon
> Leases > Non-Profit Organization

Tue

> Income Tax (FAR)

Wed
> Employee Benefits (FAR)
> Other Percentage Tax
Thur > Excise Tax and DST
> Local Taxes
Events After The Reporting Period (FAR)
Fri Basic Accounting Concepts (FAR)
Presentation of Financial Statements
(FAR)
Sat > Revised Conceptual Framework (FAR)

> Truth in Lending Act

> Consumer Production
Sun > Philippine Lemon Law
> FRIA
> Government Procurement Law

Week 9
> Related Party Disclosures
> Interim Reporting
Mon > Operating Segment

> Government Accounting

> IFRS 15
Tue
> NCAHFS and Discontinued
Operations (FAR)
> Accounting Changes - Policies
Wed and Estimates (FAR)
> Preferential Taxation
Thur > Remedies and Filing

> Book Value Per Share and Quasi-

Reorganization (FAR)
Fri
> SMEs (FAR)
Sat > Earnings per share (EPS)
> Philippine Competition Act
> Amended Insurance Code
> Labor Law
Sun > Social Security Law
First and Final Preboard Exams
Coverage

MAS AT TAX RFBT FAR AFAR

1 Cost Concepts 1 Overview of Audit 1 General Principles of Taxation 1 Intellectual Property Code 1 Cash and Cash Equivalents 1 Partnership Formation
2 CVP Analysis 2 System of Quality Management 2 Individuals 2 Banking Laws (PDIC, Bank Secrecy) 2 Bank Reconciliation 2 Partnership Operation
3 Absorption Vs. Variable Costing 3 Audit Planning 3 Corporations 3 Data Privacy Act 3 Trade and Other Receivables 3 Partnership Dissolution
4 Standard Costing 4 Audit Risk 4 Partnership, JV, Co-ownership 4 Electronic Commerce Act 4 Notes and Loans Receivable and Impairment 4 Partnership Liquidation
5 Budgeting 5 Understanding Internal Controls 5 Estate and Trust 5 Ease of Doing Business 5 Receivable Financing 5 Corporate Liquidation
6 Relevant Costing 6 Testing of Controls (TOC) 6 Gross Income 6 Securities Regulations Code 6 Inventory 6 Home Office and Branch
7 Responsibility Accounting 1st PB 7 Deductions 7 Bouncing Checks Law (BP 22) 7 Inventory Estimation 7 Job Order Costing
8 Transfer Pricing 8 Fringe Benefits 8 AMLA 8 Investments 8 Process Costing
1st PB 7 Audit Evidence 9 Installment Reporting 9 Obligations 9 Investment in Associate 9 Joint and By-Product Costing
8 Audit Sampling 10 Capital Asset 10 Contracts 10 Investment Property 10 JIT and Backflush Costing
9 Capital Budgeting 9 Completing the Audit 1st PB 11 Sales 11 Other LT Investments 11 Activity-Based Costing (ABC)
10 Cost of Capital 10 Forming an Opinion and Auditor's Report 12 Credit Transactions 12 Property, Plant & Equipment 1st PB
11 Financial Statement Analysis 11 IT Audit 11 Donor's Tax 1st PB 13 Revaluation and Impairment
12 Working Capital Management 12 Code of Ethics 12 Estate Tax 14 Wasting Assets and Depletion 12 Forex
13 Quantitative Analysis 13 RA 9298 13 Value-Added Tax 15 Government Grant 13 Derivatives
14 Economics Final PB (all topics) 14 Other Percentage Tax 13 Partnership 16 Borrowing Cost 14 Business Combination
Final PB (all topics) 15 Excise Tax and DST 14 Corporations & Corporate Governance 17 Biological Assets 15 Joint Arrangement
AP 16 Local Taxes 15 Cooperatives 18 Intangible Assets 16 Non-Profit Organization
1 Audit of AR 17 Preferential Taxation 16 Consumer Production 1st PB 17 Government Accounting
2 Audit of Inventory 18 Remedies 17 Philippine Lemon Law 18 IFRS 15
3 Audit of Investments Final PB (all topics) 18 Truth in Lending Act 1 Current Liabilities Final PB (all topics)
4 Audit of PPE 19 Financial Rehabilitation and Insolvency 2 Note Payable and Debt Restructure
1st PB 20 Insurance Code 3 Bonds Payable
21 Government Procurement Law 4 Leases
5 Audit of Intangible Assets 22 Philippine Competition Act 5 Income Taxes
6 Audit of SHE 23 Labor Standards 6 Employee Benefits
7 Audit of Liabilities 24 Social Security Law 7 Shareholders’ Equity
8 Correction of Errors Final PB (all topics) 8 Share-Based Compensation
9 Audit of Cash 9 Statement of Financial Position
Final PB (all topics) 10 Statement of Comprehensive Income
11 Statement of Cash Flows
12 Events After The Reporting Period
13 Revised Conceptual Framework
14 Basic Accounting Concepts and Process
15 Presentation of Financial Statements
16 Related Party Disclosures
17 Interim Reporting
18 Operating Segment
19 Noncurrent Asset Held For Sale and Discontinued Operations
20 Accounting Changes - Policies and Estimates
21 Book Value Per Share (BVPS)
22 Earnings Per Share (EPS)
23 Small And Medium-Sized Entities (SMEs)
Final PB (all topics)
Periodic Self-Assessment
Coverage

MAS AT TAX RFBT FAR AFAR

Cost Concepts
CVP Analysis
Absorption Vs. Variable Costing
1st self-assessment
Responsibility Accounting
Transfer Pricing
Capital Budgeting
Cost of Capital
2nd self-assessment
Overview of Audit General Principles of Taxation Intellectual Property Code Cash and Cash Equivalents Partnership Formation
System of Quality Control Individuals Banking Laws (PDIC, Bank Secrecy) Bank Reconciliation Partnership Operation
Audit Planning Corporations Data Privacy Act Trade and Other Receivables Partnership Dissolution
1st self-assessment Partnership, JV, Co-ownership Electronic Commerce Act Notes and Loans Receivable and Impairment Partnership Liquidation
Estate and Trust Corporate Governance Receivable Financing Corporate Liquidation
Audit Evidence 1st self-assessment Ease of Doing Business Inventory Home Office and Branch
Audit Sampling Securities Regulations Code Inventory Estimation 1st self-assessment
Completing the Audit Donor's Tax Bouncing Checks Law (BP 22) Investments
2nd self-assessment Estate Tax AMLA Investment in Associate Forex
Value-Added Tax 1st self-assessment 1st self-assessment Derivatives
Other Percentage Tax Business Combination
AP 2nd self-assessment Cooperatives Current Liabilities Non-Profit Organization
Audit of AR Consumer Production Note Payable and Debt Restructure Government Accounting
Audit of Inventory Philippine Lemon Law Bonds Payable 2nd self-assessment
1st self-assessment Truth in Lending Act Leases
Financial Rehabilitation and Insolvency Income Tax
Audit of Intangible Assets Insurance Code Employee Benefits
Audit of Liabilities Government Procurement Law Shareholders’ Equity
Audit of SHE Philippine Competition Act Share-Based Compensation
2nd self-assessment Labor Standards 2nd self-assessment
Social Security Law
2nd self-assessment