CPA Board New Topics for Taxation and Law

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Posted by geemiz | Posted in Accounting News | Posted on 04-11-2015

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Due to the separation of Taxation from its then better half Business Law, here is the list of new topics in the Taxation and Law for the Philippine CPA Board Exam. Effectivity is on October 2017.

 

6.0 TAXATION UNDER THE LOCAL GOVERNMENT CODE*
6.1 Scope and different types of local taxes(Limited to Real property tax, local business tax)
6.2 Tax base and tax rates
6.3 Venue and time of filing of tax returns
6.4 Venue and time of payment

List of CPA Board Exam Passers Oct. 2015

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Posted by geemiz | Posted in Accounting, Accounting News | Posted on 15-10-2015

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The Professional Regulation Commission (PRC) announces that 5,468 out of 13,317 passed the Certified Public Accountant Licensure Examination given by the Board of Accountancy in the cities of Manila, Baguio, Cagayan De Oro, Cebu, Davao, Iloilo, Legazpi and Lucena this October 2015.

List of CPA Board Exam Oct. 2015 Top Notchers

Oct. 2015 CPA Board Exam Top Notchers

Top Performing Schools

These are the schools with 50 or more examinees and with at least 80% Passing Percentage.

Oct 2015 CPA Board Exam Top Performing Schools

To view the full list of passers visit PRC List of CPA Board Exam Passers October 2015 but to quickly and easily view result download file here. –> October 2015 CPA Board Exam List of Passers

Changes to Philippine CPA Board Exam Syllabus

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Posted by geemiz | Posted in Accounting, Accounting News | Posted on 13-10-2015

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Philippine CPA Board Exam Syllabus

New Philippine CPA Board Exam Syllabus

The news is true. There have been changes to the CPA Board Exam Syllabus and this was proposed by the Board of Accountancy headed by BoA chairman Joel Tan-Torres last June 20, 2015 and presented during the Accountancy Week Celebration on July 2015.

The Revisions
1. Reduction in the number of subjects from seven (7) to six (6)
2. Merging auditing theory and practice into one (1) subject
3. Merging of accounting theory and practice and distributing the pertinent topics in Theory of Accounts, Practical Accounting I, Practical Accounting II to Financial Accounting and Reporting and Advance Accounting
4. Segregating Business Law and Taxation into “Taxation” and “Regulatory Framework for Business Transactions”
5. Renaming Management Services to “Management Accounting and Control”

October 2014 Philippine CPA Board Exam Result

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Posted by geemiz | Posted in Accounting News | Posted on 16-10-2014

The Professional Regulation Commission (PRC) announces that 4,123 out of 11,137 passed the Certified Public Accountant Licensure Examination given by the Board of Accountancy in the cities of Manila, Baguio, Cagayan De Oro, Cebu, Davao, Iloilo, Legazpi and Lucena this October 2014.

CPA Board Exam Top 10 October 2014

* Name, Rank , School, and rating

1. MARK ANTHONY BLANCO TACUBOY
UNIVERSITY OF SAINT LOUIS-TUGUEGARAO
91.14

2. KEVIN PATRICK SY LIM
UNIVERSITY OF THE PHILIPPINES-DILIMAN
90.71

REYNALD ESPIRITU TOMAS
CAGAYAN STATE UNIVERSITY-ANDREWS CAMPUS(TUG)
90.71

3. CEDRICK STA ELENA ZAPANTA
ASIA PACIFIC COLLEGE
90.00

July 2014 Philippine CPA Board Exam Result

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Posted by geemiz | Posted in Accounting News | Posted on 02-08-2014

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The sleepless nights, the missed parties and all prayers has paid off to the 1,107 who has passed the Philippine Certified Public Accountant Licensure Examination.

CPA Board Exam Top 10 July 2014

* Name, Rank , School, and rating

1 ROMMEL RHINO CATUDIO EDUSMA
ASIAN DEVELOPMENT FOUNDATION COLLEGE
94.57

2 JOANNA MARIE LIM BARROZO
SAN BEDA COLLEGE OF ALABANG,INC.(ST.BENEDICT COLL)
93.43

3 RAY HAMODI BALAGBIS NGALOT
UNIVERSITY OF SAN CARLOS
92.43

4 ORVILE PERDON RABINO
ADVENTIST UNIVERSITY OF THE PHILIPPINES
92.00

5 JOSCEL BARRIO DELOS CIELOS
XAVIER UNIVERSITY
91.57

Philippine Certified Public Accountant (CPA) Schedule 2014 Board Exam

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Posted by geemiz | Posted in Accounting News | Posted on 07-07-2014

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PRC has moved the scheduled May 2014 CPA board exam due to vacancies in the Board of Accountancy. There are currently 2 active members from the 7 member board. Since the board is short of a requirement to quorum to validly fulfill its duties and functions, that includes the formulation and making of the test, PRC passes a resolution to indefinitely postpone and reschedule the exam until the new members of the board have been duly appointed and qualified.

Schedule of 2014 CPA Board Exam

DATE

TIME

SUBJECT

Sun – July 20, 2014 7:00am-7:45am General Instructions / Filling Up Forms

Signs that You Need an Accountant for Your Small Business

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Posted by geemiz | Posted in Accounting Guidelines | Posted on 21-03-2012

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When you first open your small business, you may be doing the majority of the accounting yourself. This may be particularly true if you are operating as primarily a service business or a contractor. You may be using accounting software or you may be using a paper method to track your expenses and income. However, you may benefit from hiring an accountant to do your taxes for you. Many accountants will work for several small business owners, which means you do not need to hire someone full-time.

Are You Spending More Time on Your Finances than Your Business?

BS-Accounting Technology Program Specifications

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Posted by geemiz | Posted in Accounting Guidelines | Posted on 29-07-2011

ARTICLE III PROGRAM SPECIFICATIONS

Section 10. The degree program described herein shall be called Bachelor of Science in Accounting Technology (BSAT).

Section 11. The BSAT program may be offered in a separate School of Accountancy or in a Department of Accountancy in the Colleges or Schools of Business.

Section 12. The primary goal of accounting education is to produce competent professional accountants capable of making a positive contribution over their lifetimes to the profession and society in which they work. In the face of increasing changes that they will meet later as professional accountants, it is essential that students develop and maintain an attitude of learning to learn, to maintain their competence later as professional accountants.

Philippine BS-Accounting Technology

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Posted by geemiz | Posted in Accounting Guidelines | Posted on 28-07-2011

    Republic of the Philippines
    OFFICE OF THE PRESIDENT
    COMMISSION ON HIGHER EDUCATION
    CHED MEMORANDUM ORDER (CMO)
    No. ________
    Series 2006

SUBJECT : MINIMUM CURRICULAR REQUIREMENTS FOR
BACHELOR OF SCIENCE IN ACCOUNTING
TECHNOLOGY (BSAT)
X—————————————————————————————————X
In accordance with the pertinent provisions of Republic Act (RA) No. 7722, otherwise
known as the “Higher Education Act of 1994,” and for the purpose of locally adopting the
International Education Standards in Accounting Education as prescribed by the International
Federation of Accountants with the end view of keeping standards in accounting education in
the country comparable with the requirements of the global workplace, the following rules
and guidelines are hereby adopted and promulgated by the Commission:

The Philippine Financial Reporting Standards Council (FRSC) 2011

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Posted by geemiz | Posted in Accounting Guidelines | Posted on 30-06-2011

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The Financial Reporting Standards Council who replaces the Accounting Standards Council is composed of a chairman which is appointed by the Board of Accountancy and it includes representatives from the Board of Accountancy (BOA), Securities and Exchange Commission (SEC), Bangko Sentral ng Pilipinas (BSP), Financial Executives Institute of the Philippines (FINEX), Commission on Audit (COA) and Philippine Institute of Certified Accounatnts (PICPA)

Below are list of the Financial Reporting Standards Council

Chairman

    Mr. David L. Balangue
    Former Chairman and Managing Partner, SGV Co.

Members

Board of Accountancy

    Ms. Ma. Elenita B. Cabrera
    Vice Chairman
    Board of Accountancy

Securities and Exchange Commission (SEC)