RFBT TAX

2901 Obligations 2901 Fundamental Principles

2902 Contracts 2902 Estate Tax
2903 Sales 2903 Donor’s Tax
2904 Credit Transactions 2904 Percentage Tax
2905 Negotiable Instruments Law and BP 22 2905 Value Added Tax
2906 Partnership 2906 Income Tax on Individuals
Revised Corporation Code and Securities
2907 Regulation 2907 Income Tax on Corporations
Code and Corporate Governance
2908 The Philippine Cooperative Code of 2008 2908 Income Tax on Partnership, estate and trust
Anti-Money Laundering Act, 2909 Gross income
PDIC Law R.A. No. 3591, RA No. 7400, R.A. 9302,
2910 Capital gains losses
R.A. 9576 and R.A. 10846
Bank Secrecy Law and Foreign currency deposit
act, 2911 Deductions from Gross Income
R.A. 1405, R.A. 6426
2909
Unclaimed Balances Law Act 3936 2912 Accounting Methods
Intellectual Property Law R.A. 8293 2913 Tax Remedies
Data Privacy Act R.A. 10173 2914 Community tax
E-Commerce Law R.A. 8792 2915 Excise Tax
Ease of Doing Business Law 2916 Documentary stamp tax
2817 Excise tax
2918 Local business taxes
2919 Real Property taxes
Preferential taxation (Senior Citizens Law, Magna Carta
2920 for Disabled Persons, PEZA BOI registered entities,
BMBEs and Double Taxation Agreement)

AT
CDrill
2901 The Public Practitioner’s Engagements Framework, Checkpoint Drill 4: Risk Responses
4
Considering Fraud, Error, and Non-compliance with Laws
2902 Auditing: An Overview PSA 200 2915
and Regulations
Audit Evidence and Documentation: The Framework Considering Work of Other Practitioners PSA 510, 600, 610,
2903 2916
PSA 500, 230 620
CDrill Checkpoint Drill 1: Overview of Auditing and Assurance CDrill Checkpoint Drill 5: Fraud, Error, NOCLAR, & Other
1 Engagements 5 Practitioners’ Works
2904 Performing Preliminary Engagement Activities PSA 210 2917 Completing the Audit PSA 501, 520, 540, 550, 560, 570, 580
2905 Planning an Audit PSA 300 2918 Forming the Auditor's Opinion and Report Contents
Reporting on Specialized Audit Engagements PSA 800, 805,
2906 Determining Materiality PSA 320, 450 2919
810
CDrill Checkpoint Drill 2: Client Acceptance and Audit CDrill
Checkpoint Drill 6: Conclusion and Reporting
2 Planning Activities 6
2907 Understanding the Entity and its Environment PSA 315 2920 Review and Other Assurance Engagements PSRE, PSAE
2908 Understanding the Entity’s Internal Control PSA 315 2921 Related Services Engagements PSRS
Understanding the Entity’s Internal Control— CDrill Checkpoint Drill 7: Review, Other Assurance, and
2909
Transaction Cycles 7 Related Services Engagements
Identifying and Assessing Risks of Material
2910 2922 Professional Standards, Quality Control, and Legal Liabilities
Misstatement (ROMM)
CDrill
Checkpoint Drill 3: Risk Assessment Activities 2923 Code of Ethics for Professional Accountants Code of Ethics
3
Setting-Up a Public Accounting Practice RA No. 9298, Various
2911 Responding to Assessed Risks PSA 300, 330 2924
regulations
CDrill Checkpoint Drill 8: Professional, Ethical, Legal, and
2912 Performing Tests of Controls (TOC) PSA 300, 330
8 Regulatory Considerations
CDrill
2913 Performing Substantive Procedures (SP) PSA 300, 330 Checkpoint Drill 9: Simulated Examination
9
2914 Determining the Extent of Testing PSA 530

MAS AFAR
Economics 2901 Partnerships
Overview of MAS 2902 Joint Arrangements
2901 Drill 1 – MAS 2903 Corporate Liquidation
Drill 2 – MAS 2904 Instalment Sales
Costs Behavior, Determination and
2902 2905 Franchisor Accounting
Prediction
2903 Cost Volume Profit Analysis 2906 Long-Term Construction Contracts
2904 Standard Cost and Variance Analysis 2907 Consignment Sales
2905 Variable & Absorption Costing 2908 Home Office & Branches
2906 Short-term Budgeting 2909 Business Combination
2907 Analysis of Financial Statements 2910 Consolidated Statements
2908 Short-term Decisions 2911 Job Order Costing
2909 Risk and Returns 2912 Joint and By-Product Costing
2910 Capital Budgeting 2913 Process Costing
2911 Working Capital 2914 Foreign Currency
2912 ABC System 2915 GAM
2913 Performance Measures 2916 NPO
2914 Quantitative Methods
 FAR
672 675
The environment of financial accounting and reporting Employee benefits
5 6
672 675
Inventories Share-based payments
6 7
672 675
Estimating inventories Provisions and contingencies
7 8
672 675
Accounting for agricultural activity Income taxes
8 9
672 676
PPE - acquisition and subsequent expenditures Non-financial liabilities summary (DIY)
9 0
673 676
PPE - depreciation and derecognition Equity – contributed (including changes in equity)
0 1
673 676 Equity - retained earnings (including
PPE - revaluation
1 2 quasi-reorganization)
673 676
Investment property Book value per share
2 3
673 676
Intangible assets Earnings per share
3 4
673 676
Wasting assets Equity summary (DIY)
4 9
673 677
Impairment of nonfinancial assets Accounting changes and errors
5 0
673 677
Noncurrent assets held for sale The conceptual framework for financial reporting
6 1
673 677
Government grants Statement of financial position
7 2
Statement of profit or loss and other comprehensive
673 677
Borrowing costs
8 3
income (including discontinued operations)
673 677
Non-financial assets summary (DIY) Statement of cash flows
9 4
674 677
Cash and cash equivalents Operating segments
0 5
674 677
Bank reconciliation Related party disclosures
1 6
674 677 Financial reporting and changing prices (including
Trade and other receivables
2 7 hyperinflationary economies)
674 677
Loans and receivables - long term Interim financial reporting
3 8
674 677
Generating cash from receivables Financial statement presentation summary (DIY)
4 9
674 678
Investments in debt instruments Medium-sized entities (MEs)
5 0
674 Investments in equity instruments – 678
Small entities (SEs)
6 Financial assets at fair value 1
674 678
Investments in equity instruments – Associates Cash to accrual and single entry
7 2
674 678
Other investments Accounting process
8 3
674 678
Derivatives and hedge accounting Simulated examination (DIY)
9 4
675
Financial assets summary (DIY)
0
675
Trade and other payables AP
1
675 290
Notes payable (including debt restructuring)
2 1 Audit of Inventories
675 290
Bonds payable
3 2 Audit of Property, Plant and Equipment
675 290
Financial liabilities summary (DIY)
4 3 Audit of Intangibles
675 290
Leases
5 4 Audit of Cash
675 290
Employee benefits
6 5 Audit of Receivables
675 290
Share-based payments
7 6 Audit of Investments
675 290
Provisions and contingencies
8 7 Audit of Liabilities
675 290
Income taxes
9 8 Audit of Shareholders' Equity
676
Non-financial liabilities summary (DIY)
0 2909 Simulated Examination (DIY)
676
Equity – contributed (including changes in equity)
1
676 Equity - retained earnings (including
2 quasi-reorganization)