May 2012 Board Exam Takers!

[sheiny31]

Book balance 129298
+ Collection 7538
O/C (59435-5000) 54435
Total 191271
- NSF check (1600)
Service Charge (18)
Deposit in Transit (18200)
Bank Error (2200)
Total 169253

Kaya di me sure kasi kulang ng P10 yung sagot ko.

[20jerome09]

Book balance 129298
+ Collection 7538
O/C (59435-5000) 54435
Total 191271
- NSF check (1600)
Service Charge (18)
Deposit in Transit (18200)
Bank Error (2200)
Total 169253

Kaya di me sure kasi kulang ng P10 yung sagot ko.

Kaya poh pala di mo makuha yung sagot namali poh ako ng given. 7548 po yun hindi 7538. Sorry .

[kitakits]

Guys, napansin ko lang yung iba nageenrol sa isang review center kasi ang alam niya doon sa center na yun lumalabas ang ibang subj ng actual board, BUT let me remind you guys na ang MAIN PURPOSE mo dapat sa pageenrol sa isang review center ay dahil gusto mo maging prepare totally sa actual board hindi dahil karamihan ng lumalabas sa board ay doon sa center lumalabas. The ACTUAL board exam is like a GAME of chance, kaya dapat you should always be prepared. Mas mabuti na yung mahirapan ka sa pagaaral ng topic at preboard exams para matest mo talaga ang kakayahan mo at limit mo para in the end wala kang pagsisihan.

tama! napaka unpredictable ng actual board. mas mabuti na yung alam mo sa sarili mo na ready ka talaga kahit anu pa yung lumabas.

[krash13]

An audit report should be dated as of:
a. the date the financial statements were approved by the client management.
b. the date of the accumulation of sufficient appropriate audit evidence
c. on which the field work is completed.
d. all of the above

Letter D sagot ko. to make it complete dapat jan whichever is the latest date

so letter D tlaga ang sagot dito? ang sagot ko kasi letter C eh tapos yung audit report coincides to Management Representation Letter

[Maximum_effort]

Ayon sa PSA, the auditor's report should be dated when the auditor has accumulated sufficient appropriate audit evidence and financial statements has been prepared and approved by the client management (rephrased). Impliedly, fieldwork is complete na rin dapat (in the old standard, this is the requirement for dating the report). Fieldwork (Including obtaining sufficient appropriate evidence) may be complete but no financial statements yet were prepared and approved by the client.

[Maximum_effort]

In addition po *** krash13, obtaining management representation letter is an audit procedure for accumulating audit evidence kaya un eh nakapaloob na sa choice letter B - the date of the accumulation of sufficient appropriate audit evidence.

I hope it helps!

[20jerome09]

so letter D tlaga ang sagot dito? ang sagot ko kasi letter C eh tapos yung audit report coincides to Management Representation Letter

D poh ang sagot. Nakuha ko tong tanong na ito sa isang handout ng isang reviewcenter . Naguluhan din ako kaya ko pinost dito pero salamat kay Maximum_effort naliliwanagan ako sa AT.

[krash13]

In addition po *** krash13, obtaining management representation letter is an audit procedure for accumulating audit evidence kaya un eh nakapaloob na sa choice letter B - the date of the accumulation of sufficient appropriate audit evidence.

I hope it helps!

ah ok. Thank God. lumbas po ito sa Actual Board Exam. Nalaman ko ksi s undergrad na it should be dated at the end of fieldwork. So, alam ko na next time

AT QUESTION DIN:

Ano yung pwede mgksaby i-perform?

Substantive Test - Test of Controls - Analytical Procedures

AP Question Naman:

Which is the following is not a Substantive Test?

A. Test of Details
B. Bank Reconcillation
Di ko na matndaan yung choices eh.

[krash13]

[QUOTE=krash13;59370214]ah ok. Thank God. lumbas po ito sa Actual Board Exam. Nalaman ko ksi s undergrad na it should be dated at the end of fieldwork. So, alam ko na next time

[krash13]

[QUOTE=krash13;59370214]ah ok. Thank God. lumbas po ito sa Actual Board Exam. Nalaman ko ksi s undergrad na it should be dated at the end of fieldwork. So, alam ko na next time

AT QUESTION DIN:

Ano yung pwede mgksaby i-perform?

Substantive Test - Test of Controls - Analytical Procedures

saka ano yung hindi pwede pg sabayin Ng nag pupurchase ng inventory sa substantive something like that?

[Maximum_effort]

ah ok. Thank God. lumbas po ito sa Actual Board Exam. Nalaman ko ksi s undergrad na it should be dated at the end of fieldwork. So, alam ko na next time

AT QUESTION DIN:

Ano yung pwede mgksaby i-perform?

Substantive Test - Test of Controls - Analytical Procedures

AP Question Naman:

Which is the following is not a Substantive Test?

A. Test of Details
B. Bank Reconcillation
Di ko na matndaan yung choices eh.

ahh buti natandaan niyo pa *** question Only substantive test and analytical procedures ang maaaring magkasabay. Test of controls can be performed only through observation, inspection and reperformance. Thus, analytical procedures can be made only in the planning (required), substantive procedures (Optional) and Review or wrap-up procedures (required).

The AP question I cannot answer well since wala jan *** tamang sagot. Both A and B are substantive tests since they deal with specific account balances or details.

[Maximum_effort]

D poh ang sagot. Nakuha ko tong tanong na ito sa isang handout ng isang reviewcenter . Naguluhan din ako kaya ko pinost dito pero salamat kay Maximum_effort naliliwanagan ako sa AT.

You're welcome po. kapangalan mo *** nagtop 1 noong Oct 2011 hehe. Jerome din pangalan, do well in the actual board brad. sa May pa ako magtatake

[krash13]

Anong batch po kayo? saan po kayo nag review?

Any tips? Thank you Sir!

[Maximum_effort]

Batch 2011 po ako. kayo b guys?

When it comes to tips, auditing theory requires constant reading, and reading is not literally reading, dapat nag-iimagine as if you're actually auditing. Moreover, eto based ln sa experience. Make review your own and don't let review own you -- meaning maging creative sa pagrereview. don't rely only on handouts, better read books before answering handouts Remember, Albert Einstein once said "Imagination is more important than knowledge" and as defined, "Accounting is an Art"

[20jerome09]

Batch 2011 po ako. kayo b guys?

When it comes to tips, auditing theory requires constant reading, and reading is not literally reading, dapat nag-iimagine as if you're actually auditing. Moreover, eto based ln sa experience. Make review your own and don't let review own you -- meaning maging creative sa pagrereview. don't rely only on handouts, better read books before answering handouts Remember, Albert Einstein once said "Imagination is more important than knowledge" and as defined, "Accounting is an Art"

Batch 2011 din ako at magtatake din poh ako sa May.

[revieweetop]

Batch 2011 po ako. kayo b guys?

When it comes to tips, auditing theory requires constant reading, and reading is not literally reading, dapat nag-iimagine as if you're actually auditing. Moreover, eto based ln sa experience. Make review your own and don't let review own you -- meaning maging creative sa pagrereview. don't rely only on handouts, better read books before answering handouts Remember, Albert Einstein once said "Imagination is more important than knowledge" and as defined, "Accounting is an Art"

nice one. thanks.

[wisterialane]

Cpa Books For Sale!

ORIGINAL BOOKS:

PRAC 1-Valix (2011)
FINANCIAL ACCOUNTING VOLUME 2 (2010-with autograph by Valix)
FINANCIAL ACCOUNTING VOLUME 3 (2011-with autograph by Valix)
COST ACCOUNTING 1-Guerrero (2010)
COST ACCOUNTING 2-Guerrero (2010)
COST ACCOUNTING-De Leon (2009)
PRAC 2-Dayag (2011)
THEORY OF ACCOUNTS (2010)
MANAGEMENT ACCOUNTING-Garrison/Noreem (10/e)

OTHERS:

FINANCIAL ACCOUNTING VOLUME 1-Valix (2010)
GOVERNMENT ACCOUNTING-Punzalan (2011)
PRACTICAL ACCOUNTING 1- Uberita (2011)
PRACTICAL ACCOUNTING 2- Guerrero (2009)
AUDITING THEORY-Roque (2010-2011)
AUDITING THEORY-Bobadilla (2011)
AUDITING THEORY-Salosagcol (2009)
AUDITING PROBLEMS-Ocampo (2010)
AUDITING PROBLEMS-Roque (2010-2011)
MAS-Agamata (2009)
MAS REVIEWER-Roque (2010)
MAS REVIEWER- Agamata (2009)
PSA/PAPS

**Meron akong MAS book ni Roque na Original, meaning published nung 1990 talaga.

Post lang kayo if your interested to buy. Package po yan.

[Maximum_effort]

Batch 2011 din ako at magtatake din poh ako sa May.

Good luck satin!

[pjayhahaha]

ah ok. Thank God. lumbas po ito sa Actual Board Exam. Nalaman ko ksi s undergrad na it should be dated at the end of fieldwork. So, alam ko na next time

AT QUESTION DIN:

Ano yung pwede mgksaby i-perform?

Substantive Test - Test of Controls - Analytical Procedures

AP Question Naman:

Which is the following is not a Substantive Test?

A. Test of Details
B. Bank Reconcillation
Di ko na matndaan yung choices eh.

sa actual board . Test of control ang sagot dito ..

[20jerome09]

T or F? The percentage-of-receivables approach of estimating uncollectible accounts emphasizes matching over valuation of accounts receivable.