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Philippine CPA: Management Services (MS) · review course

PHCPA-03 · Professional qualifications

CertiFi's review course for the Management Services (MS) subject of the Philippine CPA Licensure Examination (CPALE). Fifteen lessons follow the Board of Accountancy's current table of specifications: management accounting (cost behaviour, CVP, costing systems, budgeting, standard costing, performance measurement and decision making), financial management (financial analysis, working capital, capital budgeting, cost of capital and financial markets) and economics. A large bank of original multiple-choice questions with explanations builds speed and accuracy for the 70-item, three-hour paper.

Who it's for

Accountancy graduates and repeat takers preparing for the Management Services subject of the Philippine CPA board examination.

What you'll be able to do

  • Analyse cost behaviour and apply CVP, variable costing and activity-based costing to planning and pricing problems
  • Prepare master budget schedules and compute standard cost variances, including overhead variances by the two-, three- and four-way methods
  • Evaluate performance using responsibility accounting, ROI, residual income, transfer pricing and the balanced scorecard
  • Make short-term and capital investment decisions using relevant costing, quantitative techniques, NPV, IRR and payback
  • Analyse financial statements, manage working capital and estimate the cost of capital in a Philippine setting
  • Apply core macroeconomic and microeconomic concepts to an entity's business and industry

Lessons

  1. 1Management Services exam and the role of management accounting6 min video
  2. 2Cost concepts, cost behaviour and cost estimation6 min video
  3. 3Cost-volume-profit analysis5 min video
  4. 4Absorption, variable and activity-based costing5 min video
  5. 5Financial planning and budgeting6 min video
  6. 6Standard costing and variance analysis5 min video
  7. 7Responsibility accounting, transfer pricing and the balanced scorecard5 min video
  8. 8Relevant costing and non-routine decisions5 min video
  9. 9Quantitative techniques: probability, decision trees and linear programming5 min video
  10. 10Financial management and financial statement analysis5 min video
  11. 11Working capital management5 min video
  12. 12Capital budgeting5 min video
  13. 13Risk, leverage, cost of capital and capital structure5 min video
  14. 14Financial markets, the PSE, securities and derivatives valuation5 min video
  15. 15Economic concepts for understanding the business and industry5 min video