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

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Presentation transcript:

The Accounting Profession John V. Balanquit johnthecpa.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 : Distinguish the various professional organizations Distinguish the various accounting practice

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

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

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

Board Exam Subjects Auditing Problems Practical Accounting 1 Practical Accounting 2

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

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

Professional Organizations ACPAPP ACPACI ACPAE (nACPAE) GACPA

Branches of Accounting Auditing Bookkeeping Cost Accounting Financial Accounting Financial Management

Branches of Accounting Management Accounting Taxation Government Accounting Others

End of Lecture Thank You!