SUGGESTED STUDY FOR FINANCIAL ACCOUNTING & REPORTING (FAR)

The following steps shall be followed in order to master FAR:

(1) Read the concepts on the lecture notes portion of the handouts and via app.
(2) Watch the video lecture on concepts discussion.
(3) Answer first the exercises on your own before watching the video discussion on such exercises. This will confirm the extent of your understanding on the topic.
(4) Watch the video discussion on exercises.
(5) Answer the quizzers. These are do-it-yourself drills.
(6) Message the reviewers for any concerns and queries.

TOPIC # CATEGORY TITLE FAST PACED SLOW-PACED FAST PACED

1 Introduction to Accountancy Profession and Preface to PFRS Week # Duration Topic/(s) Remarks
WEEK 1
2 Conceptual Framework for Financial Reporting WEEK 1 1 May 8 - May 14, 2023 Topics 01 - 03
3 Cash and Cash Equivalents WEEK 2 2 May 15 - May 21, 2023 Topics 04 -05
4 Trade and Other Receivables WEEK 3 3 May 22 - May 28, 2023 Topic 06 - 07 2nd Monthly Assessment Examinations (Coverage: Topics 07 - 12)
WEEK 2
5 Inventories
WEEK 4
6 Biological Assets 4 May 29 - June 4, 2023 Topic 08 - 10
WEEK 3
7 Property, Plant and Equipment (PART 1) WEEK 5 5 June 5 - June 11, 2023 Topics 11 -12
8 Property, Plant and Equipment (PART 2) WEEK 6 6 June 12 - June 18, 2023 Topics 13 - 15
9 Government Grant WEEK 4 7 June 19 - June 25, 2023 Topics 16- 18 3rd Monthly Assessment Examinations (Coverage: Topics 13 - 19)
WEEK 7
10 Borrowing Costs
11 Wasting Assets and Depletion 8 June 26 - July 2, 2023 Topics 19 - 20
WEEK 5 WEEK 8
12 Intangible Assets 9 July 3 - July 9, 2023 Topics 21 - 22
13 Impairment of Assets July 10 - July 16, 2023 Preboard Week Review and practice the topics covered by the first preboard examination
WEEK 9
14 Investment in Equity Securities WEEK 6 10 July 17 - July 23, 2023 Topics 23 - 24 Preboard break (July 17 - 21). Take a breather and enjoy your time doing things you love :)
15 Investment in Associates WEEK 10
16 Investment in Debt Securities 11 July 24 - July 30, 2023 Topic 25
WEEK 11
17 Investment Properties WEEK 7 12 July 31 - August 6, 2023 Topic 26
18 Funds and Other Investments 13 August 7 - August 13, 2023 Topics 27 - 29
WEEK 12
19 Current Liabilities 14 August 14 - August 20, 2023 Topics 30 - 31
WEEK 8
20 Notes & Loan Payable 15 August 21 - August 27 Topics 32 - 34 4th Monthly Assessment Examinations (Coverage: Topics 20 - 33)
WEEK 13
21 Bonds Payable
WEEK 9
22 Compound Financial Instrument 16 August 28 - September 3 Topics 35 - 38
WEEK 14
23 Provisions 17 September 4 - September 10, 2023 Topics 39 - 40
WEEK 10
24 Employee Benefits 18 September 11 - September 17, 2023 Topics 41 - 43
WEEK 15
25 Income taxes WEEK 11 September 18 - September 24, 2023 Preboard Week Final preboard examinations. God bless you all, future CPAs! :)
26 Leases WEEK 12 WEEK 16
27 SHE Part 1 Notes:
28 SHE Part 2 WEEK 13 WEEK 17 1) The fast-paced review schedule is for those students with solid foundation in FAR. Hence, they just want to reinforce their knowledge about the subject.
29 Share-based payments 2) The fast-paced program is good for 18 weeks. The remaining weeks before the CPALE is the study period of the reviewee.
30 Book Value per Share
WEEK 14 WEEK 18
31 Earnings per Share
32 Financial Statements Part 1 SLOW PACED
33 Financial Statements Part 2 WEEK 15 WEEK 19 Week # Duration Topic/(s) Remarks
34 Statement of Cash Flows 1 April 3 - April 9, 2023 Topics 01 - 02
35 Operating Segments 2 April 10 - Apirl 16, 2023 Topics 03
36 NCAHFS and Discontinued Operations WEEK 20 3 April 17 - April 23, 2023 Topic 04
37 Events after Reporting Period WEEK 16 4 April 24 - Apri 30, 2023 Topic 05 - 06 1st Monthly Assessment Examinations (Coverage: Topics 01 - 06)
38 Related Parties
39 Interim Financial Reporting WEEK 21 5 May 1 - May 7, 2023 Topic 07
WEEK 17
40 Accounting Changes and Error Correction 6 May 8 - May 14, 2023 Topic 08 Start of live lectures every weekend
41 Cash to Acrrual Basis 7 May 15 - May 21, 2023 Topics 09 - 10
42 Accounting Process WEEK 18 WEEK 22 8 May 22 - May 28, 2023 Topics 11 - 12 2nd Monthly Assessment Examinations (Coverage: Topics 07 - 12)
43 SMEs
9 May 29 - June 4, 2023 Topics 13 - 14
10 June 5 - June 11, 2023 Topic 15
11 June 12 - June 18, 2023 Topics 16 - 17
12 June 19 - June 25, 2023 Topics 18 - 19 3rd Monthly Assessment Examinations (Coverage: Topics 13 - 19)

13 June 26 - July 2, 2023 Topics 20 -21

14 July 3 - July 9, 2023 Topics 22 - 23
July 10 - July 16, 2023 Preboard Week Review and practice the topics covered by the first preboard examination

July 17 - July 23, 2023 Preboard break. Take a breather and enjoy your time doing things you love :)
15 July 24 - July 30, 2023 Topic 24 - 25
16 July 31 - August 6, 2023 Topic 26
17 August 7 - August 13, 2023 Topic 27-29
18 August 14 - August 20, 2023 Topics 30 - 31
19 August 21 - August 27 Topics 32 - 34 4th Monthly Assessment Examinations (Coverage: Topics 20 - 33)

20 August 28 - September 3 Topic 35 - 37

21 September 4 - September 10, 2023 Topics 38 - 40
22 September 11 - September 17, 2023 Topics 41 - 43
September 18 - September 24, 2023 Preboard Week Final preboard examinations. God bless you all, future CPAs! :)