the accounting profession john v. balanquit johnthecpa.wikispaces.com
TRANSCRIPT
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The Accounting Profession
John V. Balanquit
johnthecpa.wikispaces.com
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Objectives
Student will be able to discuss:• RA 9298• The sectors of accounting practice• The basic board exam subjects• The function of PRC and BoA
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Objectives
Student will be able to :• Distinguish the various professional
organizations• Distinguish the various accounting practice
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RA 9298
The Philippine Accountancy Act of 2004• Enacted on May 2014• Supereseded PD 692
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Sectors of Accounting Practice
• Public Accountancy• Commerce and Industry• Academe/Education• Government
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Board Exam Subjects
• Theory of Accounts• Business Law and Taxation• Management Services• Auditing Theory
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Board Exam Subjects
• Auditing Problems• Practical Accounting 1• Practical Accounting 2
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PRC and BOA
The PRC has the responsibility to regulate the accountancy profession and implement the provisions of RA 9298 through the Board of Accountancy
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Professional Organizations
PICPA• Philippine Institute of Certified Public
Accountants• The accredited professional organization
of CPAs
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Professional Organizations
• ACPAPP• ACPACI• ACPAE (nACPAE)• GACPA
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Branches of Accounting
• Auditing• Bookkeeping• Cost Accounting• Financial Accounting• Financial Management
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Branches of Accounting
• Management Accounting• Taxation• Government Accounting• Others
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End of Lecture
Thank You!