The CGPA Philippines Common Body of Knowledge (CBOK) contains the essential information on the accounting and finance profession, mastery over which is required for success in the profession.
This streamlined Common Body of Knowledge provides a comprehensive overview of key areas in accounting and finance. Explore these topics to strengthen your expertise and stay abreast of industry standards and advancements.
1. Financial Accounting
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- Principles of financial accounting
- Preparation and presentation of financial statements
- Revenue recognition and expense matching
2. Managerial Accounting
- Cost accounting principles
- Budgeting and forecasting
- Performance measurement and analysis
3. Auditing and Assurance
- Audit planning and risk assessment
- Internal controls and audit evidence
- Ethical considerations in auditing
4. Taxation
- Philippine tax laws and regulations
- Corporate and individual taxation
- Tax planning and compliance
5. Financial Management
- Capital budgeting and investment decisions
- Financial analysis and planning
- Working capital management
6. Ethics and Professionalism
- Code of ethics for accounting professionals
- Ethical decision-making
- Professional conduct and responsibilities
7. Global Accounting Standards
- International Financial Reporting Standards (IFRS)
- Generally Accepted Accounting Principles (GAAP)
- Adoption and implementation considerations
8. Professional Development
- Continuous learning and professional growth
- Industry trends and developments
- Certification programs and designations