Tuesday, May 27, 2014

Answer Key: Financial Accounting by Valix

Zip File/English/563KB/Solutions Manual

Download link is provided below:

*Author's Note: These materials are intended solely for review purposes to those who are taking the Philippine Certified Public Accountants (CPA) Examinations. Copying and distributing such materials are prohibited and may result to legal proceedings. Download at your own risk.

Monday, January 28, 2013

CTDI - Error Correction

English / MS Word / 35.6 KB / 8 Pages

Source: Center for Training and Development Inc. (formerly CRPD)

Friday, October 26, 2012

Monday, December 26, 2011

2007 AICPA Newly Released Questions – Financial


English / PDF / 247 KB / 50 Pages / 49 Questions with Solutions ans Explanations

Source: Becker CPA Review

Tuesday, December 20, 2011

Flash Note in Intangible Assets (Research and Development Costs)

I'd summarized certain important points to remember about internally generated intangible assets based on the discussions we had with Sir Ocampo. This is just a short diagram for the particular topic. I hope you will find this helpful.

outline on discussions in intangibles
Click the image to enlarge it!

The CPA Examination Syllabus in Practical Accounting 1



(Effective October 2006 Examination) 

This subject tests the candidate's proficiency in applying financial accounting techniques and methodology to problems likely to be encountered in practice. The problems involve recognition, measurement, valuation, classification, disposition and disclosure of assets, liabilities, equity, income, expenses, and net income of a business enterprise, preparation of financial statements, and contemporary accounting issues in accordance with Philippine Financial Reporting Standards in effect at the time of examination. 

Each examination will contain a minimum of 40 and a maximum of 50 multiple-choice problems equitably allocated to the different subject areas as indicated below. 

1.0 Preparation of Financial Statements 
      1.1 Accounting process 
      1.2 Components of financial statements 
           a. Balance sheet 
           b. Income statement 
           c. Statement of changes in equity 
           d. Cash flow statement 
           e. Notes to financial statements 
              1. Contingencies 
              2. Events after balance sheet date 
              3. Accounting policies 
              4. Related party disclosure 
              5. Segment reporting 
              6. Earnings per share 
              7. Other disclosures 
      1.3 Cash basis to accrual basis and single entry 
      1.4 Financial reporting and changing prices (including 
            hyperinflationary economies) 
2.0 Accounting for Income and Expenses 
      2.1 Net income 
            a. Transaction approach 
            b. Capital maintenance approach 
      2.2 Accounting changes 
      2.3 Prior-period errors 
      2.4 Interim reporting 
      2.5 Segment reporting 
      2.6 Development-stage enterprise