ADVANCED FINANCIAL ACCOUNTING AND REPORTING
WEEK 1 TOPIC: Partnership Formation and Operation
WEEK 2 TOPIC: Partnership Dissolution and Liquidation
WEEK 3 TOPIC: Corporate Liquidation
WEEK 4 TOPIC: Long Term Construction Contracts
WEEK 5 TOPIC: Franchise Accounting and Consignment Sales
WEEK 6 TOPIC: Home Office and Branch Accounting
WEEK 7 TOPIC: Job Order Costing / Just-in-Time
WEEK 8 TOPIC: Joint and By-Products | Service Cost Allocation | Activity-Based Costing
WEEK 10 TOPIC: Process Costing
WEEK 11 TOPIC: IFRS 3 Business Combination (Merger and Stock Acquisition)
WEEK 12 TOPIC: Consolidation Subsequent to the Date of Acquisition Part 1
WEEK 13 TOPIC: Consolidation Subsequent to the Date of Acquisition Part 2
WEEK 14 TOPIC: Foreign Currency Transactions, Hedging, and Derivatives
WEEK 15 TOPIC: Financial Statements Translation and Joint Arrangements
WEEK 16 TOPIC: Government Accounting Manual (GAM) and Non-Profit Organization NPO)
FINANCIAL ACCOUNTING AND REPORTING
WEEK 1 TOPIC: Accounting Process, Conceptual Framework, Financial Position, Comprehensive Income,
Accounting Changes
WEEK 2 TOPIC: Noncurrent Asset Held for Sale, Discontinued Operation, Operating Segment, Interim
Reporting
WEEK 3 TOPIC: Cash and Cash Equivalents. Accounts Receivable, Receivable Financing, Note Receivable,
and Inventory
WEEK 4 TOPIC: Inventory Cost Flow and LCNRV, Biological Assets, Gross Profit Method and Retail Method
WEEK 5 TOPIC: Equity Investments and Investment in Associate
WEEK 6 TOPIC: Band Investment, Investment Property and Cash Surrender Value, and PPE
WEEK 7 TOPIC: Land, Building and Machinery, Government Grant and Borrowing Cost. Depreciation and
Depletion, Impairment
WEEK 8 TOPIC: First Preboard
WEEK 9 TOPIC: Revaluation and Intangible Assets
WEEK 10 TOPIC: Premiums, Warranty, Provisions, Loyalty Program, Coupons, Bonds Payable and Finance
Lease – Lessee
WEEK 11 TOPIC: Operating Lease and Leaseback, Direct Financing Lease, Sales-type
Lease and Debt Restructure
WEEK 12 TOPIC: Deferred Income Tax and Employee Benefit Cost, Shareholder’s Equity and Retained
Earnings
WEEK 13 TOPIC: Appropriation, Quasi-reorganization and Share-based Compensation
WEEK 14 TOPIC: Book Value Per Share, Preference Dividends, Earnings per share and FAR Theory
WEEK 15 TOPIC: Cash and Accrual, Error Correction, and Cash Flows
WEEK 16 TOPIC: FAR Theory, PFRS for SMEs and PFRS for Small Entities
TAXATION
WEEK 1 to 2 TOPIC: GENERAL PRINCIPLES OF TAXATION
WEEK 3 to 5 TOPIC: INCOME TAX OF INDIVIDUALS, and CORPORATE INCOME TAX
WEEK 6 to 8 TOPIC: INCOME TAX OF PARTNERSHIPS, INCOME TAX OF ESTATES
AND TRUSTS, FRINGE BENEFITS TAX, GROSS INCOME,
DEDUCTIONS, CAPITAL ASSETS, AND INSTALLMENT METHOD
WEEK 10 to 11 TOPIC: LECTURE ON ESTATE TAX AND DONOR'S TAX
WEEK 12 to 13 TOPIC: VAT, OPT, EXCISE TAX, AND DST
WEEK 14 to 15 TOPIC: FILING, PENALTIES, REMEDIES
WEEK 16 TOPIC: LOCAL TAXES AND PREFERENTIAL TAX
AUDITING PROBLEM
WEEK 1 to 2 TOPIC: AUDIT OF SHAREHOLDERS' EQUITY
WEEK 3 to 4 TOPIC: AUDIT OF LIABILITIES
WEEK 5 to 6 TOPIC: AUDIT OF PPE
WEEK 7 TOPIC: AUDIT OF INTANGIBLES
WEEK 8 to 10 TOPIC: AUDIT OF INVESTMENTS
WEEK 11 to 12 TOPIC: AUDIT OF INVENTORIES
WEEK 13 to 14 TOPIC: AUDIT OF RECEIVABLES
WEEK 15 to 16 TOPIC: AUDIT OF CASH
AUDITING THEORY
WEEK 1 to 2 TOPIC: AN INTRODUCTION TO ASSURANCE, AUDITING AND RELATED
SERVICES
WEEK 3 TOPIC: QUALITY MANAGEMENT/AGREEING THE TERMS OF AUDIT
ENGAGEMENT
WEEK 4 to 5 TOPIC: AUDIT PLANNING/IDENTIFYING AND ASSESSING THE RISKS OF
MATERIAL MISSTATEMENT
WEEK 6 TOPIC: THE AUDITOR'S RESPONSES TO ASSESSED RISKS
WEEK 7 TOPIC: MATERIALITY/EVALUATION OF MISSTATEMENTS/RELATED
PARTIES/USING THE WORK OF INTERNAL AUDITORS/USING
THE WORK OF AN AUDITOR'S EXPERT
WEEK 8 TOPIC: AUDIT EVIDENCE
WEEK 10 TOPIC: AUDIT EVIDENCE (Specific Considerations for Selected
Items)/AUDITING ACCOUNTING ESTIMATES/AUDIT
DOCUMENTATION/FRAUD
WEEK 11 to 12 TOPIC: CONSIDERATION OF LAWS AND REGULATIONS / AUDIT
SAMPLING
WEEK 13 TOPIC: AUDITING IN AN IT ENVIRONMENT
WEEK 14 TOPIC: COMPLETING THE AUDIT
WEEK 15 TOPIC: FORMING AN OPINION AND REPORTING ON FINANCIAL
STATEMENTS
WEEK 16 TOPIC: REPORTS: OTHER ASSURANCE AND RELATED SERVICES /
PHILIPPINE ACCOUNTANCY ACT OF 2004, CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS IN THE
PHILIPPINES
MANAGEMENT ADVISORY SERVICES
WEEK 1 to 2 TOPIC: OBJECTIVES, ROLE, AND SCOPE OF MANAGEMENT ACCOUNTING, COST TERMS,
CONCEPTS AND BEHAVIOR
WEEK 3 to 4 TOPIC: COST VOLUME PROFIT ANALYSIS
WEEK 5 to 6 TOPIC: STANDARD COSTING AND VARIANCE ANALYSIS
WEEK 7 TOPIC: VARIABLE AND ABSORPTION COSTING
WEEK 8 TOPIC: FINANCIAL PLANNING AND BUDGETS
WEEK 9 TOPIC: MANAGEMENT ACCOUNTING CONCEPTS AND TECHNIQUES FOR PERFORMANCE
MEASUREMENT
WEEK 10 to 11 TOPIC: MANAGEMENT ACCOUNTING CONCEPTS AND TECHNIQUES FOR DECISION
MAKING
WEEK 12 to 13 TOPIC: WORKING CAPITAL MGT. & FS ANALYSIS
WEEK 14 to 16 TOPIC: CAPITAL BUDGETING
ADDITIONAL: ECONOMICSNOT TO BE DISCUSSED, BUT HANDOUTS ARE TO BE DISTRIBUTED)
REGULATORY FRAMEWORK FOR BUSINESS TRANSACTION
WEEK 1 to 3 TOPIC: OBLIGATIONS
WEEK 4 to 5 TOPIC: CONTRACTS
WEEK 6 to 7 TOPIC: SALES
WEEK 8 to 9 TOPIC: CREDIT TRANSACTION
WEEK 10 to 17 TOPIC: PARTNERSHIP, CORPORATIONS, SPECIAL LAWS AND OTHER SPECIAL LAWS
ADDITIONAL LECTURE:
WEEK 10 TO 16 SPECIAL LAWS
