Annexes TOS Effective October 2022
Annexes TOS Effective October 2022
Qualification Descriptors
Weight No. Knowledge, Skills, Values Application Degree of Independence
Topics and Outcomes (in of (30%) (50%) (20%)
Percent) Items
Remembering Understanding Application Analyzing Evaluating Creating
The examinees must be able to:
1.0 Management Accounting 57.14% 40 10 22 8
1.1 Describe the objectives, role and scope of management accounting
and differentiate it from financial accounting.
1.2 Management accounting concepts & techniques for planning and
control
1.2.1 Identify and differentiate the different types of costs (e.g.,
direct, indirect; fixed, variable; inventoriable, period;
opportunity cost, sunk cost) and their characteristics and
behavior; utilize cost behavior segregation and cost
behavior prediction techniques to determine their usefulness
in cost planning and financial and management reporting.
1.2.2 Analyze the relationship of costs, volume and sales to
calculate break-even points and target profit (CVP Analysis)
under various scenarios.
1.2.3 Apply the concept of standard costing and variance analysis
in planning and control in terms of cost, sales and gross
profit variations.
1.2.4 Apply the concept of variable costing and absorption costing
in:
1.2.4.1 Product costs and period costs
1.2.4.2 Inventory costing
1.2.4.3 Treatment of overhead costs
1.2.4.4 Reconciliation of income under absorption and
variable costing
1.2.5 Prepare a master budget by analyzing the behavior of
revenues and costs and use it to calculate and prepare
different types of supporting budgets (e.g., production,
inventory levels, operating expenses, cash budget) for
planning and control purposes
1.3 Management accounting concepts & techniques for performance
measurement
1.3.1 Identify and differentiate the different types of responsibility
centers (i.e., profit center, cost center, investment center)
and determine the proper accounting of transactions
affecting each one. Determine the proper use of transfer
pricing in measuring the performance of business
operations.
1.3.2 Identify and differentiate the four perspectives of the balanced
scorecard and formulate performance indicators to evaluate,
monitor and improve business performance.
1.4 Management Accounting Concepts & Techniques for Decision
Making
1.4.1 Identify and use appropriate relevant costs in making analysis
and business decision for short-term non routine scenarios.
1.4.2 Determine the key elements of capital budgeting investment
decisions (net investment, operating cash flow and cost of
capital) and evaluate the same using both discounted and
non-discounted cash flow techniques.
8.0 Taxation Under the Local Government Code (Local Government Taxation and Real 5.73% 4 1 2 1
Property Taxation under the Local Government Code)
8.1 Describe the fundamental principles, scope of taxing power of local government
units (LGUs)
8.2 Describe and apply the scope and different types of local taxes (limited to real
property tax, local tax imposed by provinces, municipalities and cities, and
barangays)
8.3 Identify the tax base and tax rates
8.4 Determine the venue and time of payment
8.5 Evaluate and apply the remedies available to the government and the taxpayer
8.6 Analyze and determine tax implications of transactions by applying the tax rules
and regulations, and formulate sound tax planning strategies within legal and
ethical bounds to efficiently manage tax liabilities