February 16, 2019 February 17, 2019

TAXATION AUDITING

o Basic Principles o Overview of Audit and Assurance Engagement

o Estate Tax o Client Acceptance
o Donor’s Tax o Audit Planning Activities
o VAT o Risk Assessment Activities
o Percentage Tax o Audit of Inventories
o Other Topics (Doc. Stamp Tax, Taxation Under o Audit of PPE
Local Government Code, Preferential Tax, Tariff o Audit of Investment Property
and Customs Code) o Audit of Intangible Assets
o Audit of Cash and Cash Equivalents
BUSINESS LAW
o Audit of Receivables
o Obligations o Audit of Investments
o Contracts o Other Topics (Other Assurance and Non-
o Partnership assurance Services)
o Corporation
FINANCIAL ACCOUNTING
o Other Topics (PDIC Law, Secrecy of bank
Deposits and Unclaimed Balances Law, AMLA o The Environment of FAR
Law, Intellectual Property Law, Data Privacy o Inventories
Act) o Biological Assets
o PPE
MAS
o Investment Property
o MAS Practice Standards o Intangible Assets
o MA and Its Environment o Wasting Assets
o Cost Concepts and Classifications o NCA Held for Sale
o CVP Analysis o Cash and Cash Equivalents
o Variable/Absorption Costing o Receivables
o Cost Behavior – Determination and Prediction o Investments
o Cost and Variance Analysis o Other Topics (Share-based payments,
o Short-term Budget Borrowing Costs, Leases, income Tax, Employee
o Analysis of Financial Statements Benefits, Interim Reporting, Segment Reporting,
o Other Topics ( Finance, Macro and Cash to Accrual, PFRS for SMEs, PFRS on Micro
Microeconomics) Enterprises)

ADVANCED ACCOUNTING

*Updates on Special Concerns: o Partnerships

o Joint Arrangements
o Globalization o Corporate Liquidation
o Digital and Information Technology o Installment Sales
o Governance and Ethics o Long-term Construction Contracts
o Regulatory Requirements and considerations o Franchise Accounting
o Effective Business Communication o Home Office and Branch
o Business Combination
o Other Topics ( Accounting for Insurance
Contracts, Accounting for BOT, Cost Accounting)