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The Accounting Profession

The Accounting Profession. John V. Balanquit j ohnthecpa.wikispaces.com. 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. Objectives. Student will be able to :

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The Accounting Profession

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  1. The Accounting Profession John V. Balanquit johnthecpa.wikispaces.com

  2. 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

  3. Objectives Student will be able to : • Distinguish the various professional organizations • Distinguish the various accounting practice

  4. RA 9298 The Philippine Accountancy Act of 2004 • Enacted on May 2014 • Supereseded PD 692

  5. Sectors of Accounting Practice • Public Accountancy • Commerce and Industry • Academe/Education • Government

  6. Board Exam Subjects • Theory of Accounts • Business Law and Taxation • Management Services • Auditing Theory

  7. Board Exam Subjects • Auditing Problems • Practical Accounting 1 • Practical Accounting 2

  8. 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

  9. Professional Organizations PICPA • Philippine Institute of Certified Public Accountants • The accredited professional organization of CPAs

  10. Professional Organizations • ACPAPP • ACPACI • ACPAE (nACPAE) • GACPA

  11. Branches of Accounting • Auditing • Bookkeeping • Cost Accounting • Financial Accounting • Financial Management

  12. Branches of Accounting • Management Accounting • Taxation • Government Accounting • Others

  13. End of Lecture Thank You!

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