CPALE case studies
CPALE · Put your knowledge to work in context.
The Certified Public Accountant Licensure Examination (CPALE), often called the Philippine CPA Board Exam, is the licensure examination administered for candidates who want to practise as CPAs in the Philippines. It is intended for graduates of accountancy or related programmes who meet the eligibility requirements set by the Professional Regulation Commission (PRC) and the Board of Accountancy (BOA). Passing it is the gateway to signing audit reports, offering assurance and tax services, and using the CPA title. The exam spans the full professional body of knowledge: financial accounting and reporting, advanced financial accounting, auditing theory and practice, taxation, business law and regulatory frameworks, management services, and economics. Topics on this exam: Financial Accounting and Reporting, Advanced Financial Accounting and Reporting, Auditing and Assurance Principles, Auditing and Assurance: Concepts and Applications, Taxation, Regulatory Framework for Business Transactions, Business Laws and Regulations, Management Services, and Economics. The CPALE case studies are 5 cases and about 4,114 words.
1Bundled Equipment Sale with Bill-and-Hold Terms and a Customer Advance
Verdant Agro Machinery Inc. (VAMI) contracts with a sugar cooperative on 1 October 2025 to deliver a milling machine for ₱9,600,000, with 40% payable on signing and the balance on completion of installation.
841 words, about 4 min2Upstream Inventory Profit and an Intra-Group Loan in Consolidation
Mindanao Agri Holdings Inc. (MAHI) acquired 75% of the ordinary shares of Davao Feed Mills Inc.
739 words, about 4 min3Going Concern, a Post-Year-End Fire, and an Unsupported Depreciation Change
Your firm audits Kalayaan Power Corp. (KPC), a listed entity with a 31 December 2025 year-end.
907 words, about 5 min4VAT Allocation on Mixed Transactions, the MCIT Floor, and a Late Waiver
Bayanihan Manufacturing Corp. (BMC) is a VAT-registered domestic corporation on a calendar-year basis.
855 words, about 4 min5Crane Replacement: NPV Against Divisional ROI
Harbor Logistics Inc. evaluates divisional managers on return on investment (ROI) and pays bonuses on that measure.
772 words, about 4 min