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1. a. interpersonal b. general knowledge c. business knowledge
d. creative thinking e. communication skills f. interpersonal skills
2. a. Auditor b. Tax consultant c. Management consultant
d. Budget officer e. Cost accountant f. Accounting officer
g. Controller h. Bookkeeper i. Accounting professor
3. a. Government Accounting b. Bookkeeping c. Management Accounting
d. Financial Accounting e. Auditing
4. a. Securities and Exchange Commission f. International Accounting Standard Council
b. Professional Regulation Commission g. ACPAE
c. Board of Accountancy h. Educational Technical Council
d. PICPA i. CPE Council
e. Accounting Standard Council
5. The Stakeholders Board of Energy, 0i1 Companies, Public, Transport Companies, Commuters, Business
who need to transport their products. They are all addressing the problem of escalating oil prices. It is a
given that if crude oil price increase, oil companies have to increase prices of their products also. Transport
Companies have to increase fares which will affect not only the riding public but also the cost of products
being transported. BOE must monitor the price of crude oil, make a study as to the fairness of the price
increase. Transport sector likewise must file a petition for the price hike. whether to increase fares, how
much considering needs, capacity to pay and the region's development requirements. Performance levels
affected are: financial and social performance levels. Environmental performance is also affected as the
government must find a substitute to crude oil so that countries will not be so dependent and at the same
time look for a substitute that will be environmental friendly.
It is a matter of conducting a dialogue to find out what would be the proper balance or rate so that a just or
fair price will be determined. This is the look out of the Energy Board, the Consumer Watch Group and the
Transport Groups. The government (thru the Energy Board) must monitor prices, review financial
statements of oil companies, acts as arbiter in the conduct of the dialogue to see to it that both sectors'
interests are protected. Loss or defeat of one sector will also result to loss or defeat of the other sectors.
6. The stakeholders are: the schools, parents, government (Department of Education and Commission on
Higher Education). Schools wold need to increase tuition to be able to pay teachers properly and increase
their wages, too. The law requires that 60^ of the tuition increase goes to the payment of salaries and wages.
A school may not be able to operate properly and maintain quality education and good facilities without
sufficient funds, hence the tuition increase. Parents will have to content with increase in tuition or else
transfer their children to public schools. Again, it is required that there be a dialogue between parent s and
the school so school could explain reason for tuition increase. Of course with the government again
monitoring this sensitive activity or situation. Be that as it may, Dep Ed and Ched have to be properly
informed of such tuition increase. Performance levels affected: financial and social.
7. The accountant should not agree to this suggestion. It violates the ethical standard of integrity which
requires one to be honest and trustworthy. Financial statements should be free from intentional distortions
and manipulations.
8. Make a research (local or foreign) on similar cases and recommend that waste treatment programs be
seriously studied and adopted by management citing the benefits that could be derived. Investment in anti-
pollution devices would also benefit the company in the long run considering its effect on efficiency of
workers, productivity, goodwill among its neighbors.
Launching clean up drives, contributing to civic projects put up by a community, improving roads and
cleaning rivers and lakes.
9. 1) d. fraudulent disbursement – assets and liabilities of the company will decrease
2) c. phony asset certificate – asset of the company will increase
3) a. window dressing, increasing sales and profits and cash in 2010
4) a. window dressing, decrease in expenses and increase in profits.
b. fraudulent recording of assets, increase in asset

10. No, for as long as you inform Bell Smith Company about your client-consultant relationship and make a
recommendation only after a careful study involving two or more other computer companies from which
Bell Smith Company could choose from.

11. Mr. Po’s integrity will be questioned since his fees will be based on the company’s profits. As the company’s
auditor he can manipulate the profit in order to receive a higher fee.
12. 1) Duties - You have a duty to inform clients of the high risk involved. You should also disclose the
commission involved. Protect the interest of your clients and make sure that this is the best for your
2) You should be honest, objective, and trustworthy.
3) The third alternative is best. See that you inform clients on all aspects of the company so that in the event
they decide to go ahead and invest, your conscience is clear since the clients are fully aware of the
consequence. The last alternative is also acceptable specially if you have investigated and reviewed the
company’s standing and doubts the veracity of the project then don’t recommend it.
4) Being transparent and honest to clients will save you from any adverse outcome of the investment as the
choice made by your clients false on their shoulders for as long as they were guided properly by the
advices that you gave


a) Sustainable products= energy efficiency, substance mgt, EFM
Sustainable environment- environmental mgt, efficient operation
Sustainable behavior= clarity, cooperation, eco declaration, take back and recycle
Social responsibility= youth development, corporate giving and helping hands
e) Fuel Reduction Program of Cebu Pacific
1. Reduces carbon emission by 100%
2. Substantially cutting cost of fuel which is a major cost component of Cebu P
3. Bought 15 aircrafts which are more fuel efficient-increasing fuel efficiency by 25% which translates to a
consumption of 15% to 25% less fuel than before.
Other ways of conserving fuel:
1) slower flying speed;
2) flying at higher altitude, this reduces resistance which results to fuel efficiency