P1 SYLLABUS

 FINANCIAL ACCOUNTING AND REPORTING

 LIST OF EXISTING IFRS AS OF JANUARY
2017
 INVENTORIES
 ESTIMATING INVENTORIES
 BIOLOGICAL ASSETS AND AGRICULTURAL
PRODUCE
 PPE - ACQUISITION AND SUBSEQUENT
EXPENDITURES
 PPE - DEPRECIATION AND
DERECOGNITION
 PPE - REVALUATION
 INVESTMENT PROPERTY
 INTANGIBLE ASSETS
 WASTING ASSETS
 IMPAIRMENT OF NONFINANCIAL ASSETS
 NONCURRENT ASSETS HELD FOR SALE
 GOVERNMENT GRANTS
 BORROWING COSTS
 CASH AND CASH EQUIVALENTS
 BANK RECONCILIATION
 TRADE AND OTHER RECEIVABLES
 LOANS AND RECEIVABLES - LONG TERM
 GENERATING CASH FROM RECEIVABLES

AUDITING PROBLEM
SYLLABUS
 AUDIT OF INVENTORIES
 AUDIT OF PROPERTY, PLANT AND
EQUIPMENT
 AUDIT OF INTANGIBLE ASSETS
 AUDIT OF CASH AND CASH
EQUIVALENTS
 AUDIT OF RECEIVABLES

P1 SYLLABUS
 INVESTMENTS IN DEBT INSTRUMENTS
 INVESTMENTS IN EQUITY
INSTRUMENTS - FINANCIAL ASSETS
AT FAIR VALUE
 INVESTMENTS IN EQUITY
INSTRUMENTS - ASSOCIATES
 OTHER INVESTMENTS
 DERIVATIVES AND HEDGE
ACCOUNTING
 TRADE AND OTHER PAYABLES
 NOTES PAYABLE (INCLUDING DEBT
RESTRUCTURING)
 BONDS PAYABLE
 LEASES
 EMPLOYEE BENEFITS
 SHARE-BASED PAYMENTS
 PROVISIONS AND CONTINGENCIES
 INCOME TAXES
 EQUITY - CONTRIBUTED (INCLUDING
CHANGES IN EQUITY )
 EQUITY - RETAINED EARNINGS
(INCLUDING QUASI -
REORGANIZATION)
 BOOK VALUE PER SHARE
 EARNINGS PER SHARE
 ACCOUNTING PROCESS
 CASH TO ACCRUAL AND SINGLE
ENTRY
 ACCOUNTING CHANGES AND ERRORS
  STATEMENT OF FINANCIAL POSITION
 STATEMENT OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE (INCLUDING
DISCONTINUED OPERATIONS)
 STATEMENT OF CASH FLOWS
 OPERATING SEGMENTS
 FINANCIAL REPORTING AND
CHANGING PRICES (INCLUDING
HYPERINFLATIONARY ECONOMIES)
 INTERIM FINANCIAL REPORTING
 SMALL AND MEDIUM - SIZED ENTITIES
(SMEs)

AUDITING PROBLEM
SYLLABUS
 AUDIT OF INVESTMENTS
 AUDIT OF LIABILITIES
 AUDIT OF EQUITY
 AUDIT OF FINANCIAL STATEMENTS
PRESENTATION
MAS SYLLABUS
 BASIC MANAGERIAL ROLES,
FUNCTIONS, SCOPE, OBJECTIVES AND
CONCEPTS
 COST TERMS, CONCEPTS AND
BEHAVIOR
 COST-VOLUME-PROFIT (CVP)
ANALYSIS
 STANDARD COSTING AND VARIANCE
ANALYSIS
 VARIABLE COSTING AND
ABSORPTION COSTING
 FINANCIAL PLANNING AND BUDGETS
 ACTIVITY-BASED COSTING (ABC) AND
ACTIVITY-BASED MANAGEMENT
(ABM)
 STRATEGIC COST MANAGEMENT
 MANAGEMENT ACCOUNTING
CONCEPTS AND TECHNIQUES FOR
PERFEORMANCE MEASUREMENT
 RESPONSIBILITY ACCOUNTING AND
TRANSFER PRICING
 BALANCE SCORECARD
 MANAGEMENT ACCOUNTING
CONCEPTS AND TECHNIQUES FOR
DECISION MAKING
 QUANTITATIVE TECHNIQUES
 RELEVANT COSTING AND
DIFFERENTIAL ANALYSIS
 OBJECTIVES AND SCOPE OF
FINANCIAL MANAGEMENT
 FINANCIAL MANAGEMENT CONCEPTS
AND TECHNIQUES FOR PLANNING,
CONTROL AND DECISION MAKING
 FINANCIAL STATEMENT ANALYSIS
 WORKING CAPITAL FINANCE
 CAPITAL BUDGETING
 RISKS AND RATES OF RETURNS
 CAPITAL STRUCTURE AND LONG
TERM FINANCING DECISION
 MANAGEMENT CONSULTANCY
 ECONOMIC CONCEPTS
(MICROECONOMICS AND
MACROECONOMICS)
TAX SYLLABUS
 PRINCIPLES OF TAXATION AND ITS
REMEDIES
 TAX REMEDIES
 INCOME TAX (TAXPAYER AND TAX
BASE, GROSS INCOME, DEDUCTIONS,
ACCOUNTING PERIODS AND
METHODS, TAX RETURN
PREPARATIONS AND PAYMENTS,
WITHHOLDING TAXES, COMPLIANCE
REQUIREMENTS)
 TRANSFER TAXES (ESTATE, DONOR’S
TAX)
 VALUE ADDED TAX
 PERCENTAGE TAXES
 TAXATION UNDER THE LOCAL
GOVERNMENT CODE
 PREFERENTIAL TAXATION (SENIOR
CITIZENS LAW, MAGNA CARTA FOR
DISABLED PERSONS, SPECIAL
ECONOMIC ZONE ACT,OMNIBUS
INVESTMENT CODE (BOOK 1 OF
EXECUTIVE ORDER 226), BARANGAY
MICRO BUSINESS ENTERPRISES
 (BMBEs) ACT, DOUBLE TAXATION
AGREEMENTS (DTA)
 TARIFF AND CUSTOMS CODE
 EFFECTIVE COMMUNICATION TO
STAKEHOLDERS

RFBT SYLLABUS
 LAW ON BUSINESS TRANSACTIONS
(OBLIGATIONS)
 CONTRACTS
 SALES
 LAW ON CREDIT TRANSACTIONS
(PLEDGE,REAL MORTGAGE AND
CHATTEL MORTGAGE)
 NEGOTIABLE INSTRUMENTS AND
BOUNCING CHECKS LAW
 LAW ON BUSINESS ASSOCIATIONS
(PARTNERSHIP, CORPORATIONS,
COOPERATIVES)
 LAW ON OTHER BUSINESS
TRANSACTIONS (PDIC LAW, SECRECY
OF BANK DEPOSITS AND UNCLAIMED
BALANCES LAW, GENERAL BANKING
LAW, AMLA LAW, THE NEW CENTRAL
BANK ACT, INTELLECTUAL PROPERTY
LAW)