Changes in CPALE Syllabi by October 2022 Examination
1. Financial Accounting and Reporting
Add: Investments in a joint venture
Remove:
• Derivatives
• Leases
• Cash to Accrual
2. Advanced Financial Accounting and Reporting
Add:
• Gift Cards
• Derivatives
Remove:
• Warranties
• PFRS for SMEs
• Standard Costing
3. Management Services
Add:
• Global Trends in Management Accounting
• Working capital investment and financing policies - hedging/moderate approach
• Financial Markets
Remove:
• ABC and ABM
• Strategic Cost Management
• Gantt Chart and PERT-CPM
• Derivatives
• Investment Models
• PSE and other foreign bourses
• Types of Investment Products and their Characteristics,
• Management Consultancy
• Code of Ethics
• Project Feasibility Studies
4. Auditing
Add: Auditing Practice
Remove: Auditing Problems
5. RFBT
Add:
• Consumer Production
• Financial Rehabilitation and Insolvency
• Philippine Competition Act
• Government Procurement Law
• Amended Insurance Code
• Truth in Lending Act
• Labor Law
• Social Security Law
• Wider Scope of the ff:
✓ AMLA
✓ Data Privacy Act
✓ E-Commerce Act
✓ Ease of Doing Business and Efficient Delivery of Government Services Act
Remove:
• Negotiable Instruments Law
• Unclaimed Balances Law
6. Taxation
Add:
• Organization and functions of Bases Conversion and Development Authority
• Functions of BIR, Local Government Tax Collecting Units, Board of Investments, Philippines Economic
Zone Authority
• Tax implications of transactions applying the tax rules and regulations, and sound tax planning
strategies with legal and ethical bounds to efficiently manage tax liabilities (Income Taxation, Transfer
Taxation, Business Taxation, Documentary Stamp Tax, Excise Tax, Taxation under Local Government
Code, Preferential Taxation)
• Bases Conversion and Development Act (BCDA) for purposes of determining tax liabilities and tax
incentives (Income Tax and Other Tax Incentives)
• Wider scope of the ff:
✓ Documentary Stamp Tax
✓ Excise Tax
✓ Taxation under the Local Government Code
✓ Basic principles of the tax treaty and specific provisions of Double Taxation Agreement models
Change:
• Limiting the ff:
✓ Special Economic Zone Act and Omnibus Investment Code into for purposes of determining tax
liabilities and tax incentives (Income Tax and Other tax incentives)
✓ Omnibus Investment Code into for purposes of determining tax liabilities and tax incentives (Income
Tax and Other tax incentives)
Remove:
• Organization of Bureau of Customs
• Expanded jurisdiction of Court of Tax Appeals.