CPALE schedule: what each exam day covers
The CPA Licensure Examination is sat over three days, two subjects a day. Below is the order of the subjects and what each one covers. The dates themselves are set by PRC.
As of November 14, 2026, PRC has not published the CPALE dates for 2027, and we have found no confirmed date anywhere else. We do not guess dates on this page. When PRC publishes them, they will be on its schedule page, linked below.
The three days
Each day has a morning and an afternoon sitting. The times are shown as a guide: PRC's program for each sitting sets the exact reporting time, and that is the one to follow.
- Morning
8:00 AM to 11:00 AM
Management Advisory Services (MAS)
- Cost Accounting Concepts and Systems
- Cost-Volume-Profit Analysis and Relevant Costing
- Budgeting and Standard Costing
- Management Accounting for Decision Making
- Financial Management
- Quantitative Methods and Information Technology
- Afternoon
1:00 PM to 4:00 PM
Auditing (AUD)
- Auditing in a Financial Statements Context
- Audit Planning and Risk Assessment
- Audit Evidence and Procedures
- Audit Completion and Reporting
- Assurance and Non-Assurance Engagements
- Professional Ethics and Good Governance
- Morning
8:00 AM to 11:00 AM
Taxation (TAX)
- General Principles of Taxation
- Income Taxation
- Transfer Taxes (Estate and Donor's Tax)
- Value-Added Tax and Other Percentage Taxes
- Excise Tax, Documentary Stamp Tax, and Local Taxation
- Tax Remedies and Tax Administration
- Afternoon
1:00 PM to 4:00 PM
Regulatory Framework for Business Transactions (RFBT)
- Obligations and Contracts
- Law on Sales and Lease
- Law on Business Organizations
- Banking Laws and Other Special Laws
- Regulatory Bodies and Corporate Governance
- Morning
8:00 AM to 11:00 AM
Financial Accounting and Reporting (FAR)
- Conceptual Framework and Accounting Standards
- Financial Statements
- Asset Accounting
- Liability and Equity Accounting
- Revenue, Expenses, and Other Comprehensive Income
- Special Topics
- Afternoon
1:00 PM to 4:00 PM
Advanced Financial Accounting and Reporting (AFAR)
- Partnership Accounting
- Corporate Liquidation and Reorganization
- Business Combinations and Consolidation
- Government Accounting
- Not-for-Profit and Specialized Industries
- Foreign Currency Transactions and Translation
To pass, you need a general average of at least 75%, with no subject below 65%. The syllabus breakdown lists the topics inside each subject, and the exam guide covers the requirements.
How PRC publishes the schedule
- The year's schedule. PRC sets the dates of every licensure examination for a year in one resolution and posts it on its website, with a schedule page for that year. Changes, such as added testing centers, are posted there as further resolutions.
- The program for each exam. Before each sitting, PRC posts a program of examination with the subjects for each day and the reporting times.
- Room assignments. Closer to the exam, PRC posts where each examinee sits.
Planning without a date
You can plan the review before the date is out. Our study schedule article splits sixteen weeks across the six subjects, and the sample questions show one worked question from each subject.
Review by subject, in exam order
Practice with 11,000+ questions across all six subjects and see which ones still need work.