CPALE Study Notes
Certified Public Accountant Licensure Examination - Complete Study Guide
About the CPALE
The CPALE (Certified Public Accountant Licensure Examination) is a rigorous examination administered by the Professional Regulation Commission (PRC) in the Philippines. It is a prerequisite to practice public accountancy in the country.
Exam Coverage
- • Financial Accounting and Reporting
- • Advanced Financial Accounting and Reporting
- • Auditing
- • Management Advisory Services
- • Regulatory Framework for Business Transactions
- • Taxation
Passing Grade
- • General Average of 75%
- • No grade below 65% in any subject
- • Exam given twice a year
Study Lessons
Financial Accounting & Reporting (FAR)
PFRS, PAS, Statement of Financial Position, Income, Cash Flows
Advanced Financial Accounting & Reporting (AFAR)
Partnership, Joint Ventures, Business Combinations, Consolidation
Auditing (AUD)
Audit Process, Standards, Internal Control, Evidence, Reports
Management Advisory Services (MAS)
Cost Accounting, Budgeting, Standard Costing, Relevant Costing
Regulatory Framework for Business Transactions (RFBT)
Law on Obligations & Contracts, Corporations, Partnerships, Sales
Taxation (TAX)
Income Tax, Business Tax, Estate Tax, Donor's Tax
Recommended Study Path
Ready to Start Learning?
Begin with Financial Accounting & Reporting and work through all lessons systematically.