Professional Documents
Culture Documents
DAY NO.
FAR TOPIC
AFAR TOPIC
TAX TOPIC
Cash to Accrual
Purpose
Single-entry computation of
profit
Partnership Formation
PRINCIPLES OF TAXATION
Nature,
scope,
classification, and essential
characteristics
Principles of sound tax
system
Limitations on the power of
taxation
Tax evasion vs. tax
avoidance
Situs/place of taxation
Reporting requirements
Peculiarities
Partnership Operation
PRINCIPLES OF TAXATION
Double taxation
Legislation of tax laws
Impact of taxes in nation
building
Ethical tax compliance and
administration
Organization of the Bureau
of Internal Revenue, Bureau
of
Customs,
Local
Government Tax Collecting
Units,
Board
of
Investments,
Philippine
Economic Zone Authority
Purpose
Partnership Operations
Judicial actions
Partnership Liquidation
Accounting profit
Taxable profit
Corporate Liquidation
Statement of Affairs
Deficiency Statement
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Finance Lease
Individuals
Joint Operations
Corporations
Joint Venture (Equity
Partnerships
method)
Joint ventures
Accounting for SME
Co-ownerships
Tax exempt individuals and
organizations
Gross income
Inclusions in the gross
income
Exclusions/exemptions from
gross income
Income from compensation
Gross income
Income from business
Passive income subject to
final withholding tax
Capital gains
Operating Lease
Installment Sales
Nature
10
Accounting periods
Accounting methods
Reconciliation of income
under PFRS and income
under tax accounting
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12
Retained Earnings
13
14
15
16
Compliance Requirements
Administrative requirements
(registration, issuance of
receipts, printing of
receipts)
Keeping of books of
accounts and records,
including report of
inventories
Prescriptive period of
maintain books of accounts
and other accounting
records
Estate tax
Gross estate
Deductions allowed to
estate
Tax credit
Speculation
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17
18
Debt Restructuring
Principles of derecognition
19
Initial recognition
Subsequent measurement
Hedge of a Forecasted
transaction (Purchase or Sale
Transaction)
Estate tax
Modes of payment
Accomplishing of tax
returns and forms
Administrative requirements
Donors tax
Gross gift
Exemptions
Modes of payment
Accomplishing of tax
returns and forms
Administrative requirements
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Classification criteria
Basic Concepts in
Government Accounting
Budget Process
21
Biological Assets
22
Intangibles Amortization
23
24
Process Costing
25
Investment Property
Output VAT
Input VAT
Modes of payment
Value added tax
Accomplishing of tax
returns and forms
Modes of payment
Percentage tax
Accomplishing of tax
returns and forms
TAXATION UNDER THE LOCAL
GOVERNMENT CODE
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PPE- Impairment
27
Depreciation Methods
28
29
Inventory Estimation
Standard Costing
30
Inventories (IAS 2)
Partnership Formation
Registration of investments
Preferred areas of
investment
Registration of investments
Registration of BMBes
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31
Partnership Operation
32
Partnership Dissolution
PRINCIPLES OF TAXATION
Nature,
scope,
classification, and essential
characteristics
Principles of sound tax
system
Limitations on the power of
taxation
Tax evasion vs. tax
avoidance
Situs/place of taxation
33
Futures Contract
Partnership Liquidation
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Forward Contracts
Installment Sales
35
36
Individuals
Corporations
Partnerships
Joint ventures
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Co-ownerships
Tax exempt individuals and
organizations
37
38
39
Statement of Financial
Position
Statement of Comprehensive
Income
Statement of Changes in
Equity
40
Conceptual Framework
Qualitative Characteristics of
Financial Statements
Elements of Financial
Hedge of a Forecasted
transaction (Purchase or Sale
Transaction)
Gross income
Inclusions in the gross
income
Exclusions/exemptions from
gross income
Income from compensation
Gross income
Income from business
Passive income subject to
final withholding tax
Capital gains
Deductions from gross income
Itemized deductions
Items not deductible
Optional standard deduction
Deductions allowed under
special laws
Compliance Requirements
Administrative requirements
(registration, issuance of
receipts, printing of
receipts)
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Statements
Financial Capital and Physical
Capital
41
Accounting Process
Adjusting Entries
Accounting Cycle
42
Basic Concepts in
Government Accounting
Budget Process
Journal Entries Books of National
Government Agency
Process Costing
Keeping of books of
accounts and records,
including report of
inventories
Prescriptive period of maintain books
of accounts and other accounting
records
Value added tax
Output VAT
Input VAT
VAT tax credits
Percentage tax
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