Team PRTC Online Open First Pre-board Examination for May 2023 Batch (Feb. 19, 20 and 21, 2023)
Assess your readiness to take the May 2023 LECPA! Accept the Team PRTC Nationwide Online Open First Pre-Board Examination challenge! The examination is open to all reviewees (Team PRTC and others) and to all BSA students.
Examination Schedule
Feb. 19, 2023 (Sunday) - 8AM-11AM MS/1PM-4PM AUD
Feb. 20, 2023 (Monday) - 8AM-11AM TAX/1PM-4PM RFBT
Feb. 21, 2023 (Tuesday) - 8AM-11AM FAR/1PM-4PM AFAR
Note: Examination will be done Online via Akindi - Team PRTC's web-based test-taking platform. Watch this video to learn more: Team PRTC Online Pre-board. Online examination will be open only during the schedule above. In case you won't be able to take the online exam as scheduled, you may wait for the copies of the pre-board questionnaires on Feb. 23, 2023 with the answers and solution.
Registration Instructions
STEP 1: Pay the applicable examination fee as follows (Proof of payment is required to accomplish the form):
P300 - PRTC Enrollee
P500 - Others
You may pay the examination fee via GCash: 09473275316 (Salvador Tan). Please write your Full Name in the Notes for faster verification of your payment.
STEP 2: Register in the Form: First Pre-board Registration Form.
Deadline for registration is until February 18, 2023, 5PM. Examinees will receive an email regarding examination details and other instructions.
Examination Coverage (First Pre-board)
Management Advisory Services
Overview of Management Services
Costs Volume Profit (CVP) Analysis
Standard Costing and Variance Analysis
Variable and Absorption Costing
Short-term Budgeting, Additional Financing Needed and Forecasting
Balanced Scorecard and Responsibility Accounting
Other topics
Auditing
The Professional Practice of Accountancy
Introduction to Audit and Other Assurance Services
Risk-based Financial Statements Audit Process, Responsibilities and Objectives
Audit Evidence and Documentation
Audit Planning and Materiality
Identifying and Assessing the Risk of Material Misstatements
Considering Errors, Fraud, and Non-compliance with Laws and Regulations
Considering Internal Controls
Audit Practice: Audit of Assets
Other topics
Taxation
General Principles of Taxation
Individual Taxation
Sources of Income
Withholding Tax System
Capital Asset and Capital Gains Tax
Fringe Benefits Tax and De Minimis Benefits
Gross Income - Inclusions
Gross Income - Exclusions
Deductions from Gross Income
Taxation of Non-Individual Taxpayers
Other topics
Regulatory Framework for Business Transactions
Obligations [RA 386]
Contracts [RA 386]
Sales [RA 386]
Credit Transactions [RA 386]
Partnership [RA 386]
Revised Corporation Code [RA 11232]
Other topics
Financial Accounting and Reporting
The environment of financial accounting and reporting
Inventories
Estimating inventories
Accounting for agricultural activity
PPE - acquisition and subsequent expenditures
PPE - depreciation and derecognition
PPE - revaluation
Investment property
Intangible assets
Wasting assets
Impairment of nonfinancial assets
Noncurrent assets held for sale
Government grants
Borrowing costs
Cash and cash equivalents
Bank reconciliation
Trade and other receivables
Loans and receivables - long term
Generating cash from receivables
Investments in debt instruments
Investments in equity instruments – Financial assets at fair value
Investments in equity instruments – Associates
Other topics
Advanced Financial Accounting and Reporting
Partnership
Corporate Liquidation
PFRS 15 and Franchise Accounting
Long Term Construction Contracts
Consignment Sales
Joint Arrangement
Home Office and Branch
Business Combination
Consolidated and Separate Financial Statements
Other topics
The phrase ‘other topics’ in the subject coverage shall mean to include all other topics in the CPA Examination Syllabi not expressly mentioned in the examination coverage and shall constitute, more or less, twenty percent (20%) of the questions given per subject. The questions/problems are intended to test your ‘stock knowledge’ on the topics.
Team PRTC Past Pre-board Materials
You may register to Team PRTC's upcoming pre-board examination through this page. Also, you may purchase past copies of Team PRTC Pre-board examination for a fee if you want additional resources for your review.
To avail copies of the past pre-board, purchase the copies from the links below. Mode of payment is via credit card or Google Pay. If you do not have either of those, please send an email to preboard@teamprtc.com.ph for alternative payment options.
Team PRTC Online Exam Platform
Watch how we conduct our online Pre-board Examination here at Team PRTC.