Orientation Ac1201
Orientation Ac1201
Orientation Ac1201
AC 1201
APPLICATION OF ACCOUNTING STANDARDS
UNIT 1: FINANCIAL INSTRUMENTS: CASH
AND CASH EQUIVALENTS
QUALIFYING EXAM:
Program Advancement Readiness Test 1 (PART 1)
FAR SUBJECT – CPA BOARD EXAM
PART 1 – CMA EXAM
Tuesday, 21 June 2022 ORIENTATION
Wednesday, 22 June 2022 CASH CASH, CASH EQUIVALENTS, PETTY CASH FUND
Thursday, 23 June 2022 CASH BANK RECONCILIATION AND GENERAL AR
Friday, 24 June 2022 RECEIVABLE/PAYABLE ESTIMATION AND NOTES RECEIVABLE
(SEM LONG SCHEDULE)
SCHEDULE OF TOPICS
• TOPIC OUTLINE - YOU WILL BE PROVIDED WITH THE EXPECTED LEARNINGS FOR THE WEEK. FURTHERMORE YOU
ARE ALSO GUIDED WITH THE MOST ESSENTIAL SUBTOPICS FOR EVERY STANDARD THAT YOU MUST READ. LASTLY,
THE WEEKLY REQUIREMENTS THAT ARE EXPECTED TO BE ACCOMPLISHED WITHIN THE TIME FRAME.
• PRETEST – YOU ARE GIVEN 2 ATTEMPTS FOR EVERY PRETEST AND THE AVERAGE SCORE WILL BE GIVEN RECORDED.
PRETESTS ARE THEORY BASED QUESTIONS AND YOU HAVE 1O-12 MINUTES TO ANSWER EVERY ATTEMPT.
• CONFERENCE AND MATERIALS – INITIAL MATERIALS ARE ALREADY PRELOADED IN THE CANVAS FOR THE
CONCEPT SUMMARY. IN ADDITION, A PRERECORDED VIDEOS OF THE PROPOSED PROBLEM SETS WILL BE UPLOADED
(IF EVER) BEFORE THE TOPIC WEEK. ANY QUESTIONS, ISSUES AND CONCERNS WILL BE IN THE DISCUSSION BOARD
SO THAT I CAN ANSWER IT.
FULL LIVE ONLINE SESSION ON OUR TIME SCHEDULE WILL BE PREFERABLE HOWEVER THIS WILL NOT BE A GUARANTEE
AND IT WILL DEPEND ON CIRCUMSTANCES. PRERECORDED VIDEOS WILL BE PROVIDED IN CASE NO LIVE SESSION.
GENERAL FLOW - WEEKLY ACTIVITY AND REQUIREMENT
• GRADED PRACTICE SET – THESE ARE TIME BOUND GRADED PRACTICE SETS COMPOSED
OF THEORIES AND PROBLEMS. YOU HAVE 2 ATTEMPTS TO ANSWER IT AND THE AVERAGE RESULT
WILL BE RECORDED. PRACTICE SETS ARE AVAILABE EVERY FRIDAY AND SATURDAY ONLY AND
YOU CAN ANSWER IT ANYTIME WITHIN THESE DAYS. YOU HAVE 15 MINUTES FOR EVERY
ATTEMPT.
PORTFOLIO