[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-199272-en":3,"doc-seo-199272-105":30,"detail-sidebar-cat-0-en-105":90},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},199272,8796095360427,"Lucas Martin","https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d",4,"Exam","THE LICENSURE EXAMINATION FOR CERTIFIED PUBLIC ACCOUNTANTS (LECPA) SYLLABUS - Financial Accounting and Reporting Effective October 2022 Examination","Financial Accounting and Reporting syllabus for the LECPA exam effective October 2022. The subject assesses candidates’ understanding and application of accounting principles and standards, including the nature and composition of accounts, initial recognition, measurement and valuation, and the treatment of subsequent events and transactions. It also covers impairment losses, other causes of losses, and related party transactions, as well as financial statement presentation and required disclosures. Candidates must apply relevant standards, communicate financial accounting matters, and demonstrate entry-level competence.","ANNEX “A”  \nTHE LICENSURE EXAMINATION FOR CERTIFIED PUBLIC ACCOUNTANTS  \n(LECPA) SYLLABUS  \nFINANCIAL ACCOUNTING AND REPORTING Effective October 2022 Examination  \nThis subject covers the candidates’ ability to demonstrate understanding and application of accounting principles and standards relating to: nature and composition of accounts, initial recognition, measurement and valuation, subsequent events and transactions, subsequent measurement and recognition of losses due to impairment and other causes, related party transactions, financial statement presentation and disclosures.  \nThe candidates must have a working knowledge in the application of the various financial accounting and reporting standards relating to the above.  \nThe candidates must also be able to communicate effectively matters pertaining to the financial accounting work that will be handled.  \nThe knowledge of the candidates in the competencies cited above is that of an entry level accountant who can address the fundamental requirements of the various parties that the candidates will be interacting professionally in the future.  \nNew laws, standards and other issuances which are effective as of the date of the examination shall supersede the related topic listed in the syllabus and will be included in the examination, unless there is an advisory from the Board of Accountancy to the contrary.  \nThe examination shall have seventy (70) multiple choice questions.  \nThe syllabus for the subject is presented below.  \n1.0 Development of Financial Reporting Framework, Standard-Setting Bodies and Regulation of the Accountancy Profession  \n1.1 History, Development and Functions of the Standard-Setting Bodies  \n1.1.1 IASB  \n1.1.2 IFRIC and SIC  \n1.1.3 FRSC  \n1.1.4 PIC  \n1.2 Regulation and Environment of the Accounting Profession in the Philippines  \n1.2.1 The Professional Regulatory Board of Accountancy  \n1.2.2 The accredited professional organization of professional accountants in the Philippines  \n1.2.3 Sectors of the practice of accountancy profession and the accreditation requirements  \n2.0 Conceptual Framework, Accounting Process and Presentation of Financial Statements  \n2.1 The Conceptual Framework for Financial Reporting  \n2.1.1 Objective and status of the Conceptual Framework  \n2.1.2 Qualitative Characteristics of Useful Financial Information  \n2.1.3 Definition of, recognition and derecognition criteria and measurement bases for the elements of the financial statements  \n2.1.4 Concepts of capital and capital maintenance  \n2.2 The Accounting Process  \n2.2.1 The steps in the accounting process  \n2.2.2 The use of the special journals, general journal, subsidiary ledgers, and general ledgers  \n2.2.3 Completing the accounting cycle, including use of worksheet, adjusting entries, closing entries, and reversing entries  \n2.3 Presentation of the Financial Statements  \n2.3.1 General features  \n2.3.2 Statement of Financial Position  \n2.3.2.1 Definition of elements  \n2.3.2.2 Classified Statement of Financial Position  \n2.3.3 Statement of Comprehensive Income  \n2.3.3.1 Nature of expense  \n2.3.3.2 Function of expense  \n2.3.3.3 Components of profit from continuing operations  \n2.3.3.4 Components of discontinued operations  \n2.3.4 Statement of Changes in Equity  \n2.3.5 Statement of Cash Flows  \n2.3.5.1 Sections of the statement of cash flows  \n2.3.5.2 Preparing cash flows from operations: direct and indirect methods  \n2.3.6 Notes to the Financial Statements  \n2.3.7 Computation and Disclosures of Earnings Per Share Information  \n2.3.7.1 Basic EPS  \n2.3.7.2 Diluted EPS  \n3.0 Cash and other Financial Assets  \n3.1 Cash  \n3.1.1 Nature and composition of cash  \n3.1.2 Preparing the bank reconciliation  \n3.1.3 Accounting for petty cash fund  \n3.2 Other Financial Assets (initial recognition, basis for classification, subsequent measurement, reclassification, and presentation in the financial statements)  \n3.2.1 Financial assets at fair value through profit or loss  \n3.2.2 Financial a","cbCaidUKf7jd2xw6","https://ap.wps.com/l/cbCaidUKf7jd2xw6","pdf",698334,1,28,"English","en",105,"# Financial Accounting and Reporting Effective October 2022 Examination\n## Development of Financial Reporting Framework, Standard-Setting Bodies and Regulation of the Accountancy Profession\n## Conceptual Framework, Accounting Process and Presentation of Financial Statements\n## Cash and other Financial Assets\n## Non-financial Assets","[{\"question\":\"What topics are covered in the Financial Accounting and Reporting subject for the LECPA exam effective October 2022?\",\"answer\":\"The syllabus covers accounting principles and standards from initial recognition through measurement, subsequent events, impairment losses, related party transactions, and the presentation and disclosures in financial statements.\"},{\"question\":\"How many questions are in the examination for this subject?\",\"answer\":\"The examination has seventy (70) multiple choice questions.\"},{\"question\":\"Does the syllabus include guidance on statement presentation and key financial statement components?\",\"answer\":\"Yes. It covers presentation of the financial statements, including the statement of financial position, statement of comprehensive income, statement of changes in equity, statement of cash flows, notes, and earnings per share computations and disclosures.\"}]","THE LICENSURE EXAMINATION FOR CERTIFIED PUBLIC ACCOUNTANTS (LECPA) SYLLABUS - Financial Accounting and Reporting Effective October 2022 Examination | PDF",1788505458,71,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":28},"the-licensure-examination-for-certified-public-accountants-lecpa-syllabus-financial-accounting-and-reporting-effective-october-2022-examination","",{"@graph":36,"@context":84},[37,53,67],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/exam/",3,{"item":52,"name":13,"@type":43,"position":11},"https://docshare.wps.com/document/the-licensure-examination-for-certified-public-accountants-lecpa-syllabus-financial-accounting-and-reporting-effective-october-2022-examination/199272/",{"url":52,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":61,"encodingFormat":60,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-09-04",true,{"@type":64,"interactionType":65,"userInteractionCount":20},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What topics are covered in the Financial Accounting and Reporting subject for the LECPA exam effective October 2022?","Question",{"text":74,"@type":75},"The syllabus covers accounting principles and standards from initial recognition through measurement, subsequent events, impairment losses, related party transactions, and the presentation and disclosures in financial statements.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"How many questions are in the examination for this subject?",{"text":79,"@type":75},"The examination has seventy (70) multiple choice questions.",{"name":81,"@type":72,"acceptedAnswer":82},"Does the syllabus include guidance on statement presentation and key financial statement components?",{"text":83,"@type":75},"Yes. 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