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    BOA Syllabus FAR

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    Louie de la Torre
    The examination syllabus outlines the topics covered on the CPA licensure examination for financial accounting and reporting. The examination will consist of 70 multiple choice questions testing examinees' understanding and application of accounting principles relating to the nature and composition of accounts, initial recognition, subsequent transactions, subsequent measurement, and financial statement presentation and disclosures. Key topics covered in the examination include the conceptual framework, presentation of financial statements, accounting for assets and liabilities, equity, and other financial reporting areas such as leases, income taxes, and employee benefits. The syllabus provides details on the specific accounting standards and issues examinees must demonstrate competency in for each major topic area.

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    BOA Syllabus FAR

    Uploaded by

    Louie de la Torre
    515 views3 pages
    The examination syllabus outlines the topics covered on the CPA licensure examination for financial accounting and reporting. The examination will consist of 70 multiple choice questions testing examinees' understanding and application of accounting principles relating to the nature and composition of accounts, initial recognition, subsequent transactions, subsequent measurement, and financial statement presentation and disclosures. Key topics covered in the examination include the conceptual framework, presentation of financial statements, accounting for assets and liabilities, equity, and other financial reporting areas such as leases, income taxes, and employee benefits. The syllabus provides details on the specific accounting standards and issues examinees must demonstrate competency in for each major topic area.

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    The examination syllabus outlines the topics covered on the CPA licensure examination for financial accounting and reporting. The examination will consist of 70 multiple choice questions testing examinees' understanding and application of accounting principles relating to the nature and composition of accounts, initial recognition, subsequent transactions, subsequent measurement, and financial statement presentation and disclosures. Key topics covered in the examination include the conceptual framework, presentation of financial statements, accounting for assets and liabilities, equity, and other financial reporting areas such as leases, income taxes, and employee benefits. The syllabus provides details on the specific accounting standards and issues examinees must demonstrate competency in for each major topic area.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    515 views3 pages

    BOA Syllabus FAR

    Uploaded by

    Louie de la Torre
    The examination syllabus outlines the topics covered on the CPA licensure examination for financial accounting and reporting. The examination will consist of 70 multiple choice questions testing examinees' understanding and application of accounting principles relating to the nature and composition of accounts, initial recognition, subsequent transactions, subsequent measurement, and financial statement presentation and disclosures. Key topics covered in the examination include the conceptual framework, presentation of financial statements, accounting for assets and liabilities, equity, and other financial reporting areas such as leases, income taxes, and employee benefits. The syllabus provides details on the specific accounting standards and issues examinees must demonstrate competency in for each major topic area.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    CPA Licensure Examination Syllabus

    Financial Accounting and Reporting


    (Effective May 2016 Examination)

    The examination is designed to allow the examinees to demonstrate understanding and application of
    accounting principles relating to: Nature and composition of Accounts; Initial Recognition; Subsequent Transactions;
    Subsequent Measurement; and, Financial Statement Presentation and Disclosures.
    The examination shall consist of 70 multiple choice questions on concepts and situational problems.
    1.0 Development of Financial Reporting Framework and Standard-Setting Bodies, Regulation of the
    Accountancy Profession
    2.0 Accounting Process
    2.1 Adjusting Entries
    2.2 Accounting Cycle
    3.0 Conceptual Framework
    3.1 Basic Objectives of Financial Statements
    3.2 Qualitative Characteristics of Financial Statements
    3.3 Elements of Financial Statements
    3.4 Financial Capital and Physical Capital
    4.0

    Presentation of Financial Statements ( IAS 1, IAS 8, IAS 10, IAS 7, IFRS 5, IAS 33, IAS 18 / IFRS 15)
    4.1
    Statement of Financial Position
    4.2 Statement of Comprehensive Income
    4.3
    Statement of Cash Flows
    4.4
    Statement of Changes in Equity
    4.5
    Notes to the Financial Statements

    5.0

    Assets
    5.1
    Financial Assets (IAS 7, IAS 32 & IAS 39 / IFRS 9, IFRS 7,IAS 28)
    5.1.1 Cash & Cash Equivalents
    5.1.2 Loans and Receivables (Financial Assets at Amortized Cost)
    5.1.3 Investments in Debt Instruments
    5.1.3.1
    Financial Assets at Fair Value through Profit or Loss (Except Derivatives)
    5.1.3.2
    Financial Assets at Fair Value through Other Comprehensive Income
    5.1.3.3
    Financial Assets at Amortized Cost
    5.1.4 Investments in Associates (equity method of accounting)
    5.1.5 Basic Derivatives (excluding Hedge Accounting)
    5.1.5.1
    Forwards
    5.1.5.2
    Futures
    5.1.5.3
    Interest Rate Swap
    5.1.5.4
    Call and Put Options
    5.2 Non-Financial Assets (IAS 16, IAS 38, IAS 40, IAS 23, IAS 41, IAS 20, IAS 36, IAS 38, IFRS 5, IFRS 6)
    5.2.1 Inventories
    5.2.1.1 Cost, Lower of cost or Net realizable value
    5.2.1.2 Estimating procedures

    5.2.2

    5.2.4.2
    5.2.4.3
    5.2.4.4
    5.2.5.1
    5.2.5.2

    Property, Plant and Equipment


    5.2.2.1 Nature
    5.2.2.2 Recognition principle
    5.2.2.3 Initial recognition basis
    5.2.2.4 Depreciation methods
    5.2.2.5 Impairment
    5.2.3 Investment Property
    5.2.3.1 Nature and measurement principle
    5.2.4 Intangibles
    5.2.4.1 Nature and recognition principle
    Research and development expenditures
    Subsequent expenditures
    Amortization
    5.2.5 Biological Assets
    Nature and recognition principle
    After initial recognition
    5.2.6 Non-Current Assets Held For Sale
    5.2.6.1 Classification criteria
    5.2.6.2 Initial and subsequent measurement principles
    6.1 Liabilities (IFRIC 1, IAS 32, IAS 39/ IFRS 9, IFRS 7, IAS 37)
    6.2 Financial Liabilities
    6.2.1 Accounts Payable and Other Trade Payables
    6.2.1.1 Initial recognition
    6.2.1.2 Subsequent measurement
    6.2.2 Debt Restructuring
    6.2.2.1 Nature and forms
    6.2.2.2 Principles of derecognition
    6.3 Non-Financial Liabilities
    6.3.1 Premiums and warranties
    6.3.2 Unearned revenues for gift certificates and subscriptions
    6.4 Provisions and Contingencies
    6.4.1 Recognition and measurement criteria

    7.1

    7.2
    7.3
    7.4
    7.5
    7.6
    8.1
    8.2

    7.0 Equity
    Share Capital Transactions (IAS 32, IFRS 7)
    7.1.1 Share Capital (nature, recognition, and measurement)
    7.1.2 Issuance and retirement of preference and ordinary shares
    7.1.3
    Share split, treasury shares and other equity transactions
    7.1.4
    Recapitalization and quasi-reorganization
    Dividends (IFRIC 17)
    Retained Earnings
    Other Comprehensive Income
    Book Value per share and Earnings per Share
    Share-based payments (IFRS 2)
    8.0 Other Topics
    Borrowing Costs (IAS 23)
    8.1.1 Nature
    8.1.2 Criteria for capitalizing borrowing costs
    Leases (IAS 17)

    8.3
    8.4

    9.1
    9.2

    8.2.1 Operating lease


    8.2.2 Finance lease
    Income Tax (IAS 12)
    8.3.1 Accounting profit
    8.3.2 Taxable profit
    Employee Benefits (IAS 19)
    8.4.1 Defined benefit plan
    8.4.2 Defined benefit liability (asset)
    9.0 Interim Reporting (IAS 34)
    Purpose
    Principles for Recognition
    10.0IFRS for Small and Medium Sized Entities
    10.1Reporting requirements
    10.2Peculiarities
    10.3Principles for reporting investments in equity and debt securities
    11.0Cash to Accrual
    11.1Purpose
    11.2Single-entry computation of profit
    11.3Reconciling profit using the transaction approach
    11.4 Convert cash basis revenues and expenses to accrual basis revenues and expenses

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