What topics are on the CPALE AFAR exam, and how are they weighted?
Partnership Accounting, Revenue Recognition and Cost Accounting are the largest topics in CPALE Advanced Financial Accounting and Reporting, at 10 of the 70 items each (14.29%).
| Topic | Weight | Items | |
|---|---|---|---|
| 1.0 | Partnership Accounting | 14.29% | 10 |
| 2.0 | Corporate Liquidation | 5.71% | 4 |
| 3.0 | Joint Arrangements (PFRS 11) | 5.71% | 4 |
| 4.0 | Revenue Recognition | 14.29% | 10 |
| 5.0 | Accounting for Home Office, Branch and Agency Transactions | 5.71% | 4 |
| 6.0 | Accounting for Business Combination (PFRS 3) | 8.57% | 6 |
| 7.0 | Separate Financial Statement (PAS 27) | 5.71% | 4 |
| 8.0 | Consolidated Financial Statements (PFRS 10) | 7.14% | 5 |
| 9.0 | Derivatives and Hedging Accounting (PFRS 9) | 5.71% | 4 |
| 10.0 | Translation of Foreign Currency Financial Statements (PAS 21 / PAS 29) | 4.29% | 3 |
| 11.0 | Not-for-Profit Organizations | 2.86% | 2 |
| 12.0 | Government Accounting – General Fund | 2.86% | 2 |
| 13.0 | Cost Accounting | 14.29% | 10 |
| 14.0 | Other Special Topics | 2.86% | 2 |
| Total | 100% | 70 |
The Table of Specifications sets the difficulty mix at 30% easy (remembering and understanding), 40% moderate (applying) and 30% difficult (analyzing, evaluating and creating). Weights are shown as printed in the Table of Specifications and are rounded; item counts are exact.
See also all six CPALE subjects, item counts and which Table of Specifications applies.
Sources
Last verified October 10, 2026 against the documents above. LisensyaLab is an independent review app and is not affiliated with the Professional Regulation Commission; check prc.gov.ph for official notices.
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