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.



PS: Someone sends it to me and I just want to share it with you guys.