AP Suggested Study Guide for May 2024 LECPA
(Designate a specific day of the week devoted for AP)
Self discipline is the key, you have to be responsible for yourself even without someone supervising you. We exert all effort
Suggested steps to master AP
The following is the suggested completion of the topics under AP, you can go faster but not slower. Choose which will work
For late enrollees, you have to finish the target topics scheduled for each month. You have to double time and exert all effo
Be mindful of the coverage of the pre-boards. As much as possible, you should finish the topics before the scheduled pre-bo
Topic #
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Final Pre-board: April 27-28, 2024
Read the concept notes to gain a bird's eye view of topic coverage and master the basics
Watch the recorded lectures simultaneously with the handouts
Answer the drills in the handouts before watching the video discussion of answers
Watch the video discussion of drill questions and learn new approaches. Focus on your wrong answers and analyze your mista
Answer on-line quizzers to test your proficiency. Also develop your speed, accuracy, and endurance.
Attend bi-monthly consultations to validate learnings and to clarify topics you deem difficult.
Feel free to message your reviewer for further concerns.
n.b. The above steps can be modified based on your personal learning styles. You know what will work best for you.
Title
Single entry system
Accounting Changes and Error Correction
SHE
Share-based payments
Cash and Cash Equivalents
Trade and Other Receivables
Inventories and Biological Assets
Investment in Equity Securities and Associates
Investment in Debt Securities
Notes and Bonds Payable
Property, Plant and Equipment, Govt. Grant, BC Wasting assets)
Intangible Assets
Investment Properties
Revaluation and Impairment of Assets
Current Liabilities
Leases
Income taxes
Employee Benefits
Statement of Cash Flows
Financial Statements
n.b. Final Pre-board will include all topics
and will follow the LECPA TOS
1st Pre-board Coverage. Feb
10-11, 2024
September 3 to April 25
SLOW PACED
Month Week # Topic
September 1 Single entry system
2 Accounting Changes and Error Correction
3 SHE
4 Catch-up back-log on the topics covered
October 1 Share-based payments
2 Cash and Cash Equivalents
3 Trade and Other Receivables
4 Catch-up back-log on the topics covered
November 1 Inventories and Biological Assets
2 Investment in Equity Securities and Associates
3 Investment in Debt Securities
4 Catch-up back-log on the topics covered
December 1 Notes and Bonds Payable
2 Property, Plant and Equipment, Govt. Grant, BC Wasting assets)
3 Relax and enjoy the holidays
4 Relax and enjoy the holidays
January 1 Intangible Assets
2 Investment Properties
3 Revaluation and Impairment of Assets
4 Catch-up back-log on the topics covered
February 1 Prepare for 1st Pre-board
2 Current Liabilities
3 Leases
4 Income taxes
March 1 Employee Benefits
2 Statement of Cash Flows
3 Financial Statements
4 Holy week
April 1 Focus efforts on mastering weak areas
2 Focus efforts on mastering weak areas
3 Focus efforts on mastering weak areas
4 Final Pre-board
May 1 or 2 Pre-week
November 5 to April 25
FAST PACED
Month Week #
November 1
2
3
4
December 1
2
3
4
January 1
2
3
4
February 1
2
3
4
March 1
2
3
4
April 1
2
3
4
May 1 or 2
January 1 to April 25
FAST PACED LATE
Topic Month Topic #
Single entry system
Accounting Changes and Error Correction
SHE & Share-based payments
Cash and Cash Equivalents
Trade and Other Receivables
Inventories and Biological Assets
Relax and enjoy the holidays
Relax and enjoy the holidays
January 1
Investment in Equity Securities and Associates 2
Investment in Debt Securities 3
Notes and Bonds Payable 4
Catch-up back-log on the topics covered 5
Prepare for 1st Pre-board February 6
Property, Plant and Equipment, Govt. Grant, BC Wasting assets) 7
Intangible Assets 8
Investment Properties 9
March 10
Revaluation and Impairment of Assets 11
Current Liabilities 12
Leases 13
Holy week 14
Income taxes April 15
Employee Benefits 16
Statement of Cash Flows & Financial Statements 17
Final Pre-board 18
Pre-week May 1 or 2
LATE ENROLLEES
Topic
Single entry system
Accounting Changes and Error Correction
SHE & Share-based payments
Cash and Cash Equivalents
Trade and Other Receivables
Inventories and Biological Assets
Investment in Equity Securities and Associates
Investment in Debt Securities
Notes and Bonds Payable
Property, Plant and Equipment, Govt. Grant, BC Wasting assets)
Intangible Assets
Investment Properties
Revaluation and Impairment of Assets
Current Liabilities
Leases
Income taxes
Employee Benefits
Statement of Cash Flows & Financial Statements
Pre-week
November 17 to April 25
LIVE LECTURE
Month Week #
November 1
2
3
4
December 1
2
3
4
January 1
2
3
4
February 1
2
3
4
March 1
2
3
4
April 1
2
3
4
May 1 or 2
n.b. the live HO for NCA-HFS, IAS 8 Acctg Changes and PFRS will be
pre-recorded.
LIVE LECTURE
Topic
Review of Acctg process, single entry & corr. Of errors
Cash and Cash Equivalents
Trade & other receivables & Notes receivable
Loan receivable and impairment & Receivable financing
Relax and enjoy the holidays
Relax and enjoy the holidays
Inventories and biological asset
PPE- Part 1- Initial Subs Meas and Borrowing costs
PPE Part 2- Wasting asset, Intangibles and Impairment
Investment in equity, associate and debt
Investment property and other investments
1st Pre-board break
Current liab, Notes, loans and debt restructuring
Bonds and Compound fin. Instruments, provisions
Employee benefits and Income tax
Leases and audit of liabilities
SHE, Share-based payment, BPS
Holy week
EPS and Audit of SHE
Financial Statements
Events after reporting period, Rel. parties, Operating segment and Interim reporting
Final Pre-board
Pre-week
