Certified Public Accountant Licensure Examination (CPALE) — Practice Test 2

The CPALE is the Philippine licensure examination for Bachelor of Accountancy graduates, administered by the PRC Board of Accountancy. It covers six core subjects: Financial Accounting, Advanced Financial Accounting, Management Advisory Services, Auditing, Taxation, and Regulatory Framework for Business Transactions, with a passing requirement of 75% general average and no subject below 65%.