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!