Payrot Leaning jects ‘counting or ert ennloye Payal Oeducon an mpays Paya tse, ‘Sete tld tee Student raking System BASIC ACCOUNTING Tezountng ana Enronment ering bce: essen ange oa ge, 4, Desc h unartnbuness modal nd fing How pe the 46, Grn the nprtane ae purpose ad ast of scouting 5: benno nec asa ca Faster forthe ae mes. 1 Exntn tndhrena sctnting cope ae price. 1, Sear shen osures oth Acaunaney het of 200, the Cre 11, Monty and acne career opportunites pent accountant ‘en Ran, 52rd ths yt brn in Das USA and deserted by his her {wh nary fra Merete pts at gs thvee He mote, Sey ‘aed oan ts hous peje. At 20, me wat wating Jara the Daas ‘irgo for 0 an now ut ya ater he was see hee or seang Hy sete chs neo wen ech we ae ce he haa owned aloo since igh Schoo to ty baka He ed ae aed "Wat ey baton second Wy at Sothesem Oana Ste he made ak eneean| 22 ponecontng ea aged the Nason! gaat Asoanon NEA eee Raa rove sata al ei, ‘She of he eng sot oun pang oe 1997. he never ested more tan S35 men 2orO= P= ee pg an aa "a wae mare an week ‘uring the 1995 lao on ay ff ha Sur Rosman wet ating nN ten pode ‘Morey hs ea fen ander. rsd Fragomen wane an 2 sh the" Shan sma chet ee Ae wn amin, ea SOE Rad ene nl tow ou toned Yo SHS 00 el 1 S50 pe sire. ‘Maney’ at move was oe v Rodan ata etngste wi Roan’ eae eet ‘phe twat wee nt weed nse yeu e+ Td’ pt tgs savour et ato Rots aaboHah, Bod As ‘anne Be Deacon, 980, wich became ov sot bee edit age oe aed Menon 5.00 wea lori, He xtangedt ence Erress ert ebro ran mateo, ‘roe cy est Raean nm vasedta the eB Ae he wa a ‘rec ae wore conta png wh us oon on le ‘yee ofthe 1996 NB sexton Rd a SLO lana then 2 hunk of ‘tome #15000 tons sun foreplay oe MBA ‘Somplanchip ne war ontrack i520 aonb hele ye Pus. row ‘anaes pri mtn ae ee ‘Mnghues he weas-oveny om ey” ee eer Ch Crh ran ae cure of ts cerns mnths cont wy heer Ses a Sete Senet ‘scr a en ten les ward nae ne eins ington rn SSPE saa acent BE Sides Sone Dome mare conn Suan The tos ot cnmingacouneng very sm one tack ot sing a intomaten pen bat wecaccoureng. ns MMTAMENE are teed on Sheeen __—_—. ‘DEFMTIONS OF ACCOUNTING. omen et 25 eer tase, ate nh acer Pas Bow Samet No. pig angamenan'n wean maa [EVOLUTION OF ACCOUNTING scouning ir ingarano cin ag, lyn ras mak ‘Sheet oy ane coin eit ow rire opie hove counted an Me a oe Hy. The ain of ep et in an ona a fr nr 900 Re, te Sat meget hve eirmod tn ‘heen ft, bead cob ved wae ene se eto eh {Mints sokrs were chen dnd bo cae foe ance wre eit unity. eh srend rap aloe rode reutes aa took Sh webs nthe ao omar gure rears a ea {i proceso the mtn sears) on a smh maf ny wh 2 [Stn coy ya ws coleng ssc conosco sorte. {te deca em: the etson af trang sig: he pacts Stren wing mr he fy 8) eee ate ges Macrae nome cores Wai ae woe Seg ee LeTn i ste on race with the Near Ease omg colons TURP ternational Eee oacmramamaate ‘Sma Sooner water fe eo 9 Ot eruosene Rare mast wee care oman formation, OTS LEST Sian enone, dF ers soi SSeecrs covsvwsed ot fe snag esl reine sey. Tobe, ‘Grice sa masesoesacnegeemer The epanene amen ea at Tre eater evcere of ines tater orn, aca ween Dy Ie nt eer opus ts neem PS a th ‘Re veopmant scuff (itvesnarnune"or-poraaps ype secouteg colon soaps enn: aor eyo The eran fou erry eh a ft wd he gro Rees (Grmert Fv tren 2963305 ard Gra Fre Company (2299 iv fa cry aon ee on ene eee Ronen i, xi enh a's on ne Fart Company sero pnesipbaedinpienes, et” OOM {Se Sl a emt on ‘atte nites aca a a ta anavaryine ove ed ncn oe me inc a a xia sh ber sum) fhe epee ate of EU ON BA atematan,” ue "penerlyassuated | with te Sct nyt ert ay ton a etanny Ste a Se ci eet ere See eer The eat sa ong option devon cote Erase nic es" gntene mers nt SS ring records was first ‘rm een inn wt si ee tt ‘Rinurnd coe Sag repro inar nes Conner EOPS CRT AE BE alee meee Saeco nope sed sm mapa Coc goon sh re oe, and er me Sate Sn te amr nw ed a ne ta go ingen See atime maton be nest Sie Sale," elt tec. SESE entices Dee werent reece tesa em ac 87 ‘Dceparate record ane enter the month ttn the eur rather than recording i, mn Wt es ht eee Indl Revotution Corea Orton, aod United tates tel ‘Accounting prac rey tes for ry the maton on acount Proteaton ar cosy Gedo se fa mstn asaya dng ‘oie a cemuy The need for acurg sce emt aoa a ne en Ree ant fy 2937 anon A198 Ames Meena see ey epoca ar ot ca marin orig Ths reoton, when acura in Egan fom the m8” t,he 39 ‘evry changed the mee pave conmera Eds Ham te fant SpUbfe au atoung eared rect cece ers wep wie cures the eats of ae sewers anny cova oc ncn apres nso cect, {fresno by epienAy ece he oe a e ‘rms tothe bance sheets o advent relors. By 1680 the US raload system ‘Pvt imma wih oh ae ‘Sereno sro repates easng. 1913 uae canto ea onpained ta hat seprecstion Mid bec a ton see by management ‘Rotter wee aus end found core. US Ste veut omiheomalgomen(= Ea ‘here ene comps retonsups twee 5 8020 hg that the Soar raraataagrat ete SE Pe Le eta te tots Steen an SS eae ‘Stone naire ere te EL Sepa ee cpa rsa coma ie Se ‘Sroichsts eco ict lo eect ter are mis tee ery noe, ror Smal wa sate ey wth Ns {Sire to compare meaningfully the franc data made avaiable by ferent a rence on te pate sete parton fs Bok, Sr rence aes Wi earn Zi Settee oe or et ee tat hy eh EERE Gesteec’oeetee wees any ot per oy see ao Soran re aan iauay eeeiorss ee Seen cee ea eS ah ee Seas Renmmetnece emcee sects eens ed op bon arte 7,08 teat war omoty gazes nama orton ander the eteay ote on moa acd (ommsone Bteroeaprpecireproucsone nan Note ar a tree tbe by he Tox cosa Be raped M7 sete pons th Ceca of conti Be ‘etpros hooting ices (GAA he Ai ek ree nese, 21 SERA 18) oe, Se'umeconsrag wen done manly pctson and rani by computers ‘enon cet yar Ts to Soo etiamcc’ertecunong tptenon. and moses to sate the Soren rig yoo yn bes ‘Monto: Tt hb san tthe SSEAN craton farghokDecrton) {the tounding fhe ot ASEAN, maety inna’ sy Pipes Singaore srt Sout Sent on ee rn a at ASEAN 20157_n 3 nial, she Vso“ sale, prosperous and Nighy ‘SrtA hyn nh ne Nw fe ey pores Ilion AStanechractrae by ang mes, youn Poplaton, meh connedcnarsnet ernegenease Somme segermmanes ‘meson ar ey ey srs ey Produce cleewonea/tera, fires tt ‘Scosussed posuce) Sewer reroar So) ASEAN Framework Ateemant onsen : ‘ekcen tne asorn ef he ASEAN Nabe nose heen ATA) tha ASEAN mpahaaie varie! renee) mathe AEA FamewshAteCMN OF Sores ar ‘ras ss to prone ener mai a SEAN ress preter serves tenon, thew ure omar tgs awae sein sees {toa 307) waa pa sap sen! a 209) twp ams 200) Sd cantoay te rea 908 ese, tere a ea tnd the ACA A Proksions saunare (EPA pn sop, hes Ns ‘bjt tothe ses lw ad eae be ume to wae ore 1 fo na ean cal forthe bins. Th Aden Diy co na would aes the e's ater: ancl repoing ony concerned eth nfrmation that sigan ‘peat ne ay Spero he nae > ontney Prine The fr should athe a‘tre rea co loon aban he A 38 atone BY th Sich ‘he wort whch uptothat ome wes eames ren untae he aunty, ‘Ss he ta he esa ed ot ray pes hve eon Ebb to sey ony a0: ah we Cee hd tte rove 9 Oe Betz ite a379- naa lat Loox 211 8 4066. May 201 22.“ an in 0m 0 448, 3 7579.08. {he mrp coment poten gion an he enagments heTene a rent mangoes Se ic Sees She nea risen i275 wan ne aceon by fe Pe ss of Cred ‘Sor th Sard hs Carded wah rato row aren he poenon {Ge'Stouning prs camped Sy he bal sthbng of new Ch ‘ioe saving wh cayman earn tdecroton of he Scena Wee tf Eo oe ue 30,208) and froteore 0 be iced uae he Wand Yas pnasios(W7O) oly of [erotaston of sense’ Tha many tht Pitre utr wt Ge es {Srgtng wh nthe Ge! sai ll pe curso pa fe esigused carers athe ety nurs oe naps ae ‘ove fred wit se wor’ ges Suny ne ad oe ee wih eh {he oard of ecnunaney and th Petes aga Const we no ‘Shnatrg«oteaon hth wert gebalpcepcine Repub het Ne. 294 know ah Pipe Act At of 208 ws tne ite {nw by Preere Gla Megane on My 1220, hs bas es Iesdet On Ne etre ray on enero {57m Some estore! eine weparemcsarc, aL a SSS ‘The reson Regn ost of Acontany ants Cmpostion (et ‘he Pols ptr Bad tAcautany, hereafter te ese BwLow sneer Terese PES om ESSENSE ae ile cantar tment aaa Matamearanresemne P aoing 2 SRIRAM on nr Siladtats devia ateant tester ‘he cae ut Accauntant rants 8 18) Se Ceatn mr egute cpocan ih ernuroers reba attests of Apleantfortaminatone 818) soy penn spin or exertion shal eB te flog agus 0 the scope of amination (60.38) ating nthe ese nin ee 18) ‘That a candidate shail taken exo the renaiing subjects within two 2) ‘un oes gaara oversea see ie src (750 ana tng et pt ot ating ie. 37) {en 0) clendrdays sr be Sarnaton ules etenge tr tse, sn he‘submitted during roe ang 28 8W regi a be ote ‘pubic Accountant to an we wot co is See a en emi Completed ant tron of uns ae ect iccts a cree Maeriene ts Same ean eens eae ee preclnmwcoe See as any ae ae rin of hs he anit wee ‘ogee wth the remo enon oe ound tone compe aria PROFESSIONAL ORGANZATION Ati Wy, Secon 3, epic ct No. 5298 Th Pie Ruane ct of 200 Poesia es te eso PAS sl be ited and sept hgh tae manbaip oe we on reetere ane ‘owed nao proemanlxpaaon of reid ad lead C24, which {Ral be reitered mith the Secures and Gxdre Canmison 26 2 nonroe Corporation aed copied yh ost econ et the parva ofthe Proessorl epson Commision” suas ‘Te Pee. tie of Cr Amn te inated ‘ages On hs Pp ey be Od np cern cretion oO ty 08, wt ‘indin is PO Bs repued ms ten, ec oe pon mn eto eh cee te +, Benin acc 1 Roehm them nae erste hes of prlesontn nominee to sericea etsremmnon SCSI ae e ees samy sts tvrscetL 32 te Te tna ot es of ele At NS Samy 2 af aoe ana semenng Re 3 Rr "PA ete 2, 205 oe eegord ote) ops! wes cove oer ucen ven aro a8 atone Ca ‘Sees ogra 8208 en turn Cetra, Sethe T2E caren Ways Westra VES dvaton/ncdere, re Paine eae wal gan wet Mania ‘este ogee Meo Maa, Nar Weutoma’ mes eisonw reir omer Fecter doao and ethernidaan. TE Str ica, coma ards, ad Goverment re of ees, case of were (5) rates sepreseting te ie) oa of 2 nna Sectors te gooeraplea ar fied for 3 hare fom a sb vey Nata Bs Mind cers cero ‘Spc oath wr ac fhe rein, Te SEP Sone tyne rl reas Seba scare he amended bow PO erry i yrs soog 3,208 [ACCOUNTING STANDARDS INTHE PHIUPPINES coun Sadar Coane nN, 6, the Phipie nse of erie Pi Acoutants KPA) rested 2 courting Saeras Cuma yo ean arimprowe accounting standards {tative gear aztec te Psgine. ‘ne craton ofthe Coun sce the supporto he flowing: the Seertes ond tonge Camnsion ie andthe Cert Bank af the Palipes (are Seve where the frac satanens ae fed the Profession! Repuoton ‘mason trough the Board of Aceountancy—which sperises CPAS and Sesto an the Ponce Exes ste ofthe Piipoines (FEX wich ste ig eration o franca exeatives who ae responsi for he preparation af the fianciltatement The ASC mas composed o eh (8) menbers—four fom Posing devrsted Caan; dan ac Hom SC, CB, RC an FINES ‘The standards woud genera be based on the folowing sting prcies in the Phin veszorch of sues by the Cour locay or interstionalyavalable erature onthe tpie or sect. ahd sateen, econmencitions, studies of ‘Sandu ive y other andarsseting bode ich the iternatonel Accounting ‘Sen ood As 38h rane ecuing Standards Boot Fas, Tie stone diets ted by hae cane ered recent tert acu score prc te Peps." Sees Sane nly ase hey hve an sata ne Woe heoso endregion apes htc ‘Pex Section SA) of the Rules and Regulations mk the Financial Repo ee ine Aco At 204 on iisiwaaciecsee mane nhs cra wh BE oy ering of eau aCe yy set ttn Siucomozoeeneeee {yen (4 ceprsetaties Rome pres ruses franc ater Sloe oe os Encinas sree (CORE COMPETENCIES FRAMEWORK FOR ACCOUNTANTS In cn en, treba soy cet sna es oe the ocane beep been earner fh WPA td he ters. A competed sarah the urvonct pao feta ec or DEEN ap. A camoctency sed sprit dcton ane whe he competence, 3h fesreqared of rely arte pfeion reins @ omal process ind seer aed by Buin an way a 6 mar ee. Such ‘Srnind competence fr lure’ oazoes} hoe pdetermined performance rere or asesg il cg, ‘he meroment ha undesten ens to impo the eee! quaiction resutemerts ot lip Ph yl te wei et of eampetencis, ere Compete raewor for Ey the Pipe Aura Profession. The ‘ore competes acniarsteiyh owe, ad plein vals {Rot new CP eed to ave nr fo sey fete calenges f foe ang enecamen nde ie ‘he state ga st patie tne const ad eth professions) ezourtarts et t conpete interstate, te igh educaton ttre (which nutes te cure and couse st) tl cv the flowing ni eects ee fre Cevonedee The PA nope mst oe: of ea +e caters ihe welt tot a it ered at em BSc cosmo seme enoenan ngs te of (Solan gan rnin and ues Kw | nation athe core tld nares such a econamics, quartets Seine ats pms bar NE Haan creer ects eons He sou abo tov on pocscan ofthe Be ee st ten eavoraneln aes The OAS MNS ‘recere nte lone + sina at cent ‘tesa andmaagerent tnemation Tetoloy Knowles “hisinddes ot ny bg cern wh concep fr bsness stems bu sound {Rowse onal ceein compute tad yeas, evelopment Standards 323. et of he adoption, plementation and se GEL salaon of conpur busnes ogame. and manapng the sac (necounting oat ‘his indues care browedge raed oazouming nd rtd ars and mst ince brfene in he mteratnal ag sd dling tanec manager th ter concep urn, recat taxes nd snes Srnec avs a oles nae | mares, ples tics nd enaeentl accounting Spd rearing The (hates rset competence nthe loving asain Pion Foc Sttnan te egare eee Prenerneert ect on CT reer ane senting ant Suen Aco = os 2 comer ee parresserenserer se ad sais. ‘esas tobe ene ne tec ‘Teo sac el 2 thang habe se ‘une a seeng tigre i 7 inde oe pmone andre te ree Bet dei Ging the pewrtion of ew es, nerasocgsasor he Bacon oh nto of ore bets an ‘abn. anensoungs podem Thea canortat te lowrg eget ta mrp Trias eg tity 1 mn md ga Wide the so xe ing To avy a acting ces ew Ss, wg nepatn [Taine woog wi dhaey ower wel wn 2 wane rm dese eho. Te Ok nt more tre eho ed enon ee doy 1 Seeinrace orient pee communiton ‘ees oa ri andthe ayo commie actly oes incl Sathya n weg tl ean nga sh ne pion, eer god presets at pene ad canines ob The Pam resem siete coming adta tect, 13, peed + tannin a Sater me 8 Se it se de teen moni ronal tes sete jets fh cote obs scar of potessnaon, 1 tn ae to workin scodace wih te age el of prfermarce 33 ‘eer 19 te ei ‘dpe 308 rece anette! ‘oor eal etre 2 ped fr CRS tobe able to dcrm Besar what LE OF ETHICS IN BUSINESS ‘ahs cocoa th at any be food (Srna ts al how we shoud be ut bes ad parr, ow we sould Foomeewacster ose Rather roe to al frms of man att sess ths ts what to cong i siesta, whe feos ‘Shares ene tngrgasoga aotesion. Gal cos con ase, omeve, ‘ten wht mp bt are copays weg mora openly. (Shia tema ‘neal hr by defeat, aston awh ete se eeu it wrong essen tater gto gt swe ses sea leas ec rin purpose ito make frie cst sar for ptr svetge ove oes uch tat anes ses ae under resi odo whatever yl ah advortage. ts dea ‘era oc op hess eon et atfh sty peste at ete BO Te ren hy Spiereeer nn esomatatete epi Sara Sistem topotecan ‘ats comeam purotes wckente, meee OT Stay prec hay cece oe engi Be ys ‘ecanpny ty caper 8 FS trod ip Seronmane sae vennges rarnnel ee 70? 1 estan a cei, A rt ee rE Sean ee SH ene? Ue te ‘Grumtancs, perhaps bg those routs pros es Fr van cnti s , Foe nae eae a at Seton sel aoe Sometnes poesia or peor hs ner anda sf poo ‘ho as pein! pers he Jenecurasiny sosemaree e + Aetna nace ot esa + Rh wut rumge ney aaa ep et eine Stason str «+ get es non ncn ry haba oe [Pineoronuet mento bat Ther aero ey anne ot hrm, Whe wee atenpng to sehen he! denn, flo pes fa resnig Weak te rman Eval to 2d ton cons ae on ean naan fou ‘hal sandr. Anni ma have 3 Seige cious an mus tothe crc rie comes! eosin “ortuoy mrt ctme et eso ue ne pet my 28 thal rote need tre a steps: ae ese ase theo, eaten Smetines wh ted wth Usted forton sed tre wihovt a) siete, “sept ec be aD Moments by ose arcs Sp et bape ttl owe at by he ase 2 ‘moray ued eso. A pe wo mae a gt cea See sauna aft ‘hie the Gsm anc sb nh ett peopl hay. he Beer ee aii wes et ih a pon We ne ae eeennrerstanesams etna Mare EE SSN Ti coo coe, Soest Sue neers aetna "vey engages in renee, SOE ee Sonne rem mero tr tn eer Sama ts cea omens rsp sos ‘Rovere ec emp 2 maar or manta of2 Tei cme of he ‘Santas otros (a aed wah rest Be Sn Tae few te Stator bas wets tenn tn np nt co fear of Coma Poson {eto clot pt ina a me q hms os at tor, fan aos, Cetra ee te tows tins Suey eons, ‘eet ud hmeahacon sees + feu Nema dn orate pene e aepesve Seu amansunto ese oa, + hon td on a, alge, gre oe ml ao ‘ul er nied ono gs ec pou. Mt ‘ere one nh sees nesting Bt we hare ree soe ge nego tbe re of an tte to ea ot ‘ig eoaay nef ay campus sesece ee rah yea a cg re thle nl apts ‘hs i pec ingot in pepig acl repos because urs of ese ‘eps mst dpe nthe goo ath tthe people led nthe rpuaton. Usha o ter aura tat th apes are seve ad fly alte aTeoria igre aoc nH aan, Seer on te dd you ce wth © BN econo ag cre ora eoane rs Seay Poseeesguerioomen ts 1 eh ne OT BOCES ang corporate Asc ogres ss ron, Wan reo esi am, ser ign se dS Wt noe Tyee Ges ass, Sears LM Cs ls Ie met tne common wean be we = i led ute ‘re rn opting el * TSE SI att so ee rh ean ses Ta a an atin on, ‘ovr poe obese 2 Sn va, th sco aes or. of 3 Seis a6 ‘congo ss iene, re pape ns newest ew ap caer cnn sth eet ange Ue eer te trownt ene of US en 20, Hs ole Sa aoa mohammed Ma ot Cee ret ante owns of et oe the EEE nee mses Te et of te ti Soneomsionnen conn as tay neg a vay ppt by eer mage fows tthe pens 2 hea cha. Tey rested Cato peed cn nes ote th Tay ete eros ack f tha Sens ed eb omcene Mews guts and standards wre paseo ‘Sores te ners hf categorie en bea the bg the rts eye as se ig me re ine tes nd govern int am setae Oey et nthe Ute States nee, th Ste Oey ct 5, Sedo ow | Preset George. us on 3, 202, th mat anc tenor! nes se ee al ae ais is slo he et Desi The eee a nen ht a eure he peta ‘regors wth be SSC Ts ti ant nese siete an assonmert boa epaate ha iden ares pb coment Si gnlon se ees tomes pose ae = ae ee neat + Sue satan me | Bib cpoenernaanevemtomat ore ih bod 1 Aen ae ene oe 1 TT ces ponent of epee notes Meas ost ager Governance on fort 20, te Seca and xchange Coneison of he Pines ed ‘Penetdun talr he? there known 3 te Cade Corporat Gavernc. ‘Tao of ef fst hcooarts te Pifpines wa een adopt ‘save cose sor rfl conan evelped by terion Fe ot ecunent TA) Sle fete une 30, 008. These eves (Serna news nthe estonbip among bees overmet, he vesing Pub Idotherases of thane maton. OOE OF ETHCS FOR PROFESSIONAL ACCOUNTANTS IN THE PHILIPPINES ‘The cade his fr Prosonal carts te Piipones have been approved tbe tar frac of he Pine Ise of Ceri Pale Acounats (rand the ne eben aoc he Board of curanc (80 a ay {pore bythe Petesioal egulston Commision (MC) as ptf the Wes 3rd Tepito ofthe SR lr erste aoutaneyprotesson, ‘ecourtany lesson wth hamoned sda. In woking toma the elece IFAC dees pone on hs Tr otesions aeroered rauratont boy The nternational federation of Aa Sie wat is mon SESH Se Se ae mie ty egret kc Socata ae ares te Sak teoen iets ne creme ere ne sgn mn mn ein ee ot SE cre cae eel tore TEES erie pee cee Eeoer econ geaeamecs ees aces acl tsar nr Rancgiewwesgaeenenrenaeee amen ines | profeslns scoutt i requad che tonne princi peer ‘pins veloute eet at hs ial pfesonsl ar ces, onmaicaons other elrmaton te bee tat es (2) conan matey ermine, (8) Sta stent tara ek ye (6) Getto noma ued me ee such onion ‘roby woustesndag “eefesion! acountan shoul sow as cont nee un hens rede ptestans abe eS (potetonacompetenca and Duscare tsa unanfs» an ny omanincfes {ods at he el equa ete ita no Toca argent Ses in ston, er shal ctr wth he tech ‘Epetrce maybe adeno seprte aces Stairs Sgt ntec a geal auc owed ey pee otcaon mar sara tae se ‘oer oa omnes woetan scan poor cto te Enssiunment carly, rough and ona ney baa pofetsonal scout ‘hod tte sep to etre tat hose wong under the pardon scoutans ‘ory ins prtessonaeapety hove apropos ang scope ar repre» esas acura shu mat cers, eye oor. cet ISB rte ct el et Ne loners dene ye teem redo Sacto ee the pearl rama pe iia” iinepetenana acm rss -profesons aezount salon {os any ston tat ss he PI santos and regsB006 2 ry Ges clean ene ea he art tenn te. sel nears Feechola reece toner Tiss one th urns bey posse eerste Se ae OF le on fave watt es ‘epurapng erences orcs oP {THE ACCOUNTANCY PROFESSION antics pecurancy uni rts bcs sess et 1+ atmanvesat xc pbesn es RICAN, SORE Mere opened ar hove eect 1 SESS tie emanates Sierra eatin remem Sere cto _ See eae ate Seo Reese re: \ ox rts ‘eters aco pss ha ‘acne bs of elaas he en espa bone The eco et Ped a i loin ane cana ngevemecnoet | Freres arin erin on a eal SS So ce, ne mats os (8 ‘bine pase scour rs, 9048 so a caer macau: Some man re {askorin managmert ose ine pte soma ut rs ad wc 0 SO Ty Se teens sete ee ee oe soe sal Poms ca ere etl cats wih moet HDF rte ued Ste son of east curing ms (seb 2) ed et ome oe, od ecm ie ert 8 a oe ne bet me uni! re at en Sei yobs 2 pear he re sauna a cme 8 eet top coxprtin nue Pipes he et frm wh ee ots one cue SEP Gams ce ce cot wih ew mn pofessonds om varus cps, SV 8 cee eet act fret & Youre Ca The ober Babe is ae Ce renee lye Manny 8. CL Manat Ca pn a eS contre cules 86, Cis Vale 8 CO, AS Perera co Doge a ard Ropes Tanda Co-arong the ‘hetap printing acing fms eum tout he se amounts the toe eek eTereerte tunes une curt frequen trveled cares cereSee Kea tele eppomentes top mutaceted buses experince. Cine ster ot mages and even superiors becoming» ae Copantons chef coca anal oft, omg rye bs, Sa, To Since ste a po, a ‘Sen, om ine ‘ntact Seer Pare, Snr (commer andi ‘cours ely nth aes wry wey in tir pe of acts a Se crit a nae py a (ipa Acorn Sf Tr Kur Sa tee! ht Sa rac es CSETTILL Set ct See abet oe ope westerns sons: sobs ft amet Se trea feds sere Poon Conc se, Chern Oe a2 ‘Govan orem eset Mae COM, Acari mtorr aes, epamen cA, a of rR gs 92 EN coreg powon eormene Sere tee nese tee, ae ATT Nay oe en ern eh Semen ome hes rt ene ne ag somo mcm Se ticton/Aadene Ts are untae te cantid deet lary and ses eg as oh ese 280 se pfeion by endear ty fe ess aay {orate tough ch ra. Wh he abet fama tECICE, Sctari ‘ing chaleged to fos mourn ean fo Be ease of kewl orceh tot mor ce aig SL Sane tort! ee nan es ae! abo: SF, ‘etry ipo ha adn i se eae, BRANCHES OF ACCOUNTING ‘ne work tans nt ng Be ht iy summary Inemaon eer teow meh Daw mich ney an how mach feaaed oh ABS NS wet verge. ins ed I oe te nok cane, te norman ‘pedo ch os mae een a peas have Se un on ite the peptone mangeent omen, sd te, ae seo ‘amet ecuing be abn eae poe erly ‘Snes: Hover share pete hee ee ma ee mal onal et = eto rrcrrrnoccraonng ave ce 2 we ui ang the acorns pte Seer aca tenant i on temas hve een ve Mattcmure thy dort presenta tote wiaton, The omar sito’s snd stra pete rom ste teed, TS Gy cor, Ft pi oes ted, entero! the conan Te 23 eget of he scouring 204 2a ten rt wee er fpy eo the az of BUOME ruc operatnal cee. ne pote To ernie rb ters aust porn i ey ng sts and ude tae “Nonetheless, they usualy work very closely fom or muh nse ison teeters dtcan mage between em sil raisin _solirsng footeepig «mach tection of as rani ata, The ean in ence ne scouring rears he Boks of accursed then Sere Steg ang sonar nthe fom of cme sateen, bln sect Sesh owssatenen The pes norma oes lc nce amon. Anos 2 ate he bens a ae 3 rt ors rng the psi. (SoS ow wl ares Sone Atal ete what te vy ans. (Ges) sft Kanes [i es) aa he ea ofthe period, Thea ian (Groton ens the sh ifoys i otons ofthe busines dung te pared. ‘The olden proces nd when he ase deta have ben entered n he ‘eet of me nd the aay each entry has been ested that sae, the ecuningncen hes oer. ez eds be sed a2 neem cvtng ict anit oh be calecton an se of bas Harel date sod wee be mere rope spi oth to whch ne ata are prone tay ane ‘reno fom te boat of coun. Seoeceig sa route operation, whe airguns wy ear te wing bat ene ndSheed ho et ake arg momen ane Pig See cera ote ott on ea ‘Siting Bur ves pun ste tea MEM are rc es peti ek SS, fine tan ape ee cat oe gies stearatee Fans Seostac a gn mc ct pce arc ezumie 1 te move se fm sale ESB ANE suber, ‘cat fpr sommaaed un lai SfOMaCO ute ‘Svoty fr tha bene of the owes sf ety, br co abo" be aed by monet for ssn cates pop, habe Oreste Finan Monogement rar the st 30ers” Fare merges eel fe ela faa shecies in sd on a sect, cee te tes eed Soe pnd geezer a furan ye one Sone zeneray eau ti al ae MEE ae ct s ral atge das on mach we nese apes mathematic) sd ies mor exten on nor final data Managemen ecto, chine nich marae my ba geal tho sowie Fre omnes specication we 1 COMP wh ning ‘us otal of Sgr sees oraana low fees ito the Mpine Aton of CalogaeSehoss of Susans ACS. PACSE was ‘Say mead nh at wih ona Fea eo oun us, Ont Orono Pap Oran rns Uterus att OFSe Varma ean ine ee ina ran Oe ms ae Season Anas Mage ‘i cats ca aac sek epee n eet OPO hy ce an on chagrin Paco HN RIES Hy ine Panne neues athe te lowing moPmE {tte soar oa pt tae ee ne a lt ees {roses for oun dy oer o es wh MII A he osreb omnes ae ee (HE ih Coca aan ene cna mamas need, ‘Strom nt ec pss ay meni en es Sy Scenes eecegptoman pweeaes H ey PACS minis ese wong rtp with he lowing Teil Feel Basin an ny, Peek xa PE Far NE Ws ‘Se pps ME Pp Seg Heszton PN ai AON tgp (rh mip serine esa en eae (Cul Seve Commas (Pps ered ae cuean PEAY Pope Cas teewrapear hor icra te pis neti tab Fe us, ‘Sacon afer sear eta PIPPI COUNCIL OF DEANS AND EDUCATORS BUSINESS PCDED) hn 203, the Pippin Counc of Deans and Evan Bess (PEER) was ‘anaes. Dut the * hl Rayo PCE elon Ober 1819, 2021 3 ‘Beans ow tl he Dan ch ofl der rad ig, ro yeu th Pes Ur fray wth Cnt {scolar Unies Mana 2s Char Peden Tisai! fan of Piipsine ees a ee ed ef ig ceo aes os ‘These ses educator have tte he lee fang ‘estan. Thou the yas th lloning pce ope sae CGretegeneesdoy Poca? Sent PEAS eg ad ee ce + tt a dg a te ne ily joensen POS 1 ted lao gmc ingen te ooh ot Pippy, ec os in ont engene + Sante sist ey ee a as ne eee ae Oe te ee ar a espe te sin Conmnin ona anton aap ene nan er ses eres oT 1 SORSNEREY Sete af dens anders nes president 1204208), OF. C20 Mag 2 eat it the Psp Ary abe ncn nei m Pe te re aye ht ON ee of Poets aes ener ring te emo 3 Pesien (STHES Dr fotc Aa The De oral as 30 area ort vane vet under Present [Esser atc, Dotter cen roa Scena sd mpemete.Te 6” res sO i gc web steed ary Dement ogame fe) ara te tee we Fl Ae nd OF Non A ey ti eh eid sD ado apne, Te cue pei Cees One ce Seton 1 of EDS’ Casuton tates flowing primary bev Techies ce nd tre tng ane 1 eoeURtae stor neerame cmroment at betes ». foupminineouogcenfcranaibe eto aes Cosel te angers oatoretedbuines ern, 4 Seitaie tare scan oy 29 important roe the Buln and Terouast oe corey coe ‘Spon rte ee 1. Tedtey ors amonteme eas {E Tosuih geo aod maps hance wher efessonl Setanta ode et te $° week f December | Sramation 188. The pe I bsiess EGU ice Section 1 of PDEs Const exits the falowing secondary abjetes: 1 Tope dein rgurenenin te sting buns 4 pesca devin anette cier DISCUSSION QUESTIONS ctveines? ynbine es? he eres some watt pa attr signa cso tin ee 2 kc deere? ny secu hen ‘wnat baat? Toye Teyour mind whys ts ha rete thee toms es 1m possess a nat ae the pesos? ors Give thei tian ach Euan aa dingo tm tos pest aE the tle dessin ee hat ae MSIE? Wat ea es te tr Wy ha cee tem ca te crore capo coe PEE Wha ost tr eel ceed aang ACHES MN? hats ment te ecg tse mney it? sbsasmptin resi? Whylstwedinscouteg? wraith parce? Wi onan busnessemtes to proce stems? Tie the dest faethe Froe th funds nd ret aes er a oda inspatin From th xprecs ets at gt thm Psat your wre byemalngt ts: wildeBheocon Win constuteste practel accutane Plies? State the quater cf enbusathe Pes Retry Bord State teenies la th PA eam Wha arte dsingstig cance pte? at theese a oe ted ae i cerecongtestr scant Eman maton? hat ae he ye ts Emarcoment | 189, Ss a eo [freee eee snore en partner aa onmed by ones sidered one andthe ‘sess and Ie owner are considered > Sa eh : 2 Seth Serreaee =e ‘ne tec of merous ronsacoons ni wel OU 14 creation sa business one by ts stockade on te fines and reabilty of «sn STE naepnden enon tha neste aren and SSB ‘erepors tt managenent ubt user ovie Atenas othe scoutany profession ae Cetfed Publ Accountants 5. the persona ait ofa parr sft the amour of |The iigpneaecourtant cones peso a the cmmmen unit of measure for nes wnsoctors, 4 The set of eisnes an procedures tha constitute acceptable accounting practice Ue pvertines GIMP, when sand or generally accepted accounting procs "peveirie 18 Abana actin cee fn eet orc tat mt be 1 Aare i business owned and operated by two or more persons who bind ‘hemscs to coobvte money, property or industry toa common fund, with the Intenton of vigng the pots among terseles 12 Theat crporatesoctolesisinstedto the amount of ther investment. 13. Accounting often characters the “angage of busines”aioe Ee soon nom acum se ty a's oes TT cerntoneeoreninonan : ees eneenn 16, Manali ter companies LCA 1 sit wel ous oe 17 eaten rede the fle of nome tants ~— wr able for a a ormeearaed sega tn cnapse tet toy (seine te ae tne pera ats an es 3 Secrest sacs oe oe aE ath ede an ons a in wed 2o. sepuate eet orion aed 3 Sep cdo res fst eee tom crn 2a Teeny concn testa te anetons rent nls sous Be 12 apentent he asintuncy eson ae Cael Pbe Acorns 22. overment secant dest sy wit he efit of the Sous of 24. The testing snd scomig arson saute cote 2. woe otne flowing an appoprate detation of ccountine? 1 Amen ofrcrdng rancor and eepng ors 4 The mercomeced two of betes necesary fo parte 2 usiness © The measronane,proceing. an communion of fan information ‘oatan nti ono ety a sctiiet 4 Comuicting 8 eee - ‘The concept matching bet emanated by teat th scmpent. 8 bling on saver pose market einen inventor account { hotreognt ny eerse ar some fren sealed, tropa rend re ecoed tence ‘Tetchng ince ols hat evenses > a ee sale gan amour the een capi dig feeds orercer sepa Bote st gees pena et cad by te cnpendtare, srs preretns inna Becaty eva 3 Bid In We the spies f the nsoce which inc cuingeaneaptvas esos yaecenveaemantspunenta? Setar peer ay PR i biter dpe Se ean witli ower, aan cent na es 4 ne somata ce whole ton 2 afin eeperetons Ot pes fxr of Sec Acontancy cond by xh ey rey oped ano created he he tacaon (0H) oer shorted govern 6 eee camizdotoy cin ofesining eral pute 2 Eiereom Motte 4 Mpa coeert 2 che ig bs yo aig pai of en {Ce ts enn he fan es o peony eve the eso 1 feqre armpit ta fi ren Dacor 3. regres at ol omnes Pere monty eared anal <4 te fom he Bun ore Rv reuremen hat table noe 9, Te commuicon he of ocounig cpl by 2B, tea ex taping to ceson maa 10. Accum ere ey, ence it poi 2 uate infomation Sead tt omen none tte sbve — corangondmstowuamen 15 12 Theconcaptof beacon ony pte 1 eno ccnamie epee snes oration. iio lgtepet of nes onator 12. Obj ames be seed when an eouting AION 1 toate or genet n rations and tematic mae 13, A prteion acount shoul be sraigtorward and nonest nal professions {Eisen tens. Ts incnzrane wit the nanental rinse ot 2 confer, i cere Steal one nd do cre. ‘hota feof s mand romero nny apt separate fr the 4 None tine stove @ 25, They encompass he conventions, res, nd procedures necessary fine what it ‘oped sng ce 1 desanting sastont 5 Reenumingconnps & Generayacepted wecuting pincer 16 The mui functon& to esalsh and improve accounting stands that wil be every secepteain he Pilipinas 8 nancl eporng tne Counc © Pte tate tPA 4 Profesional Reption rmisioni non : or ence cme mnm 1 er a ys 6 errant cr peat teat —”D™r™r~—~—~OC—C—C | © Sate money wt 2 terevaros 18, Wie fhe owing scouring concepts states ho acount Wasa Msn‘on topento by set evore to tow Iwo or are uid insu tosses slr cons? 2 je © erat Batemans ent 20. The anal secu rc poe Inemation bout ena atties nema fors uted acon prada stor han he Meo rep 2 exc cbptins 21, Accounting charges ae ater made and he monsany inp eect in he {ranal stamens as omeany een hay tay, hs may selon ‘hearing cone © matey fc 22 Stig ast an aitis a hangs nthe in ems of 2 common fina eomito '' reee in meting Ran Bsn sd pe Pe Bouton pce cara ac contig mannan of ane era (ittortne pone fervent anon 2 Nara, sce can nly se thee owners interes wen sho 1 Panes e peony at forthe Sables of he partners I te eran weer permet then {1 Secthaers ve personaly ake forte bates of the corporation i 1 ‘Thementrenent past securing accompa by & ose 1 Tomeasure tne peo lnome ofthe eanomi ny. 1 Te ome tran ht the cor” ofa eonom ety ean we teclang whet tore inal one othe en, 6 Toprovas snes francs omaton sot» busines enterprise hats techlnsng atonal economic csr «4. Toroude he formation thatthe managers of on econam enty need to ‘secuntants employe by 2 partalr tunes fm or not-for prt organ, ‘ean ose accietat.contlr, er Branca vce palms seed tobe creeedin Inepenetaccuming. sae publ accoumng Tegner ree eet oman fom of franc stenes 1 scouring rt Baden diceanes PEPE ig 2% Setar pol pr rl =r fikaecane ey ptasre roe t dee & toe 30, Te pic fences cnet ves 23. cme at presi rs Sr te Standen enact mn es igenty ade acodance_ wit Set. cet. Speen compete and ae st recor of properties aud a snes ned of by # business ae nes ety coe costprnese ‘moto cle 4. propane. 38. courts ono reco at he vate ps haga ever tine TH a cat pence, ey concer © ingcocom concept fy Sabi monetary ot concep. fering ree ht ‘scouring proces ope whch acount ef etn 2. capenes te repaid ches nthe predic oe eed © eaten gorsendlones hl nt apetontasee eae 4 teetlectofhangsinacautg wocowete rape BASIC ACCOUNTING ‘Root S81, New IFRS Framework Leaning Obecter: Aer studhig ns chapter, you nob ato 1 Summa ands te tion of basa tin the ASB Struc 2 ae rey 5 ain the eecive general purpose franca statements andthe 1 let tees f eum imation i kta the information set 2 Gln te uta racers of wt fancier. (5 ih ede rnc emer fecrente the varus bse: for esi the elements of faecal InRODUCTION TO THE ASB ln March 200%, te trae! Aeounig Stand es tome or a xia fertin nanguniss tie ee ele ae oocloatcofbrton nears me i USE foun te suet sal cf th mentor Ae = ‘Sau a independen accounting tance sed nord 7 Formation o AS ‘abaed in 200, the neater Aecouring Ech 2 tetanus oa 0) ls bce ts to achieve converge ‘xznuming rns tat re sed by buinesses ae ae eat ‘poring sound the wr aletony x fost| i ‘ tec no mean eno ear Scie mareunsiemmnamen ree Se tea patentee ‘Sapo ante Und sates eames eng nk brween ASE 2d te see eo 2 toe aren ft eatin Feder of ene ach so capt between AS an AC, ‘XShinams rach. scrote tute ante desrable vo The ssc dese 0 spo tae es sale to Heer ATLN ic acommaenoomenbes sd tcl ere. ‘WONITORING BOARD, ‘aebonaoverne Trae TFRS FOUNDATION [BOARD 46 (maximum 3 parttime) ettacic agence approve Stand cy [ > pens > Reporte os 8 as es ramen | 23 Bin i eon Resa 0. The eve en oa 208 rors eno ernst spats averanz on wa apm to PO, PO teasing prc ne enn fhe orig Bo) 6.9 2 ‘ove prtine ng» apes graphs! ma forthe AS. The ararents (rch on ey 200 ‘he scr of he ns to nanny, sake ‘mers on ARCnet Gnaton rung om Pat 10. IRS} =the ebjecive ben to cate capt market sthories tat the wo of Sn ther retin ochre thar mandates relating fo iver con mate ety dept emeson move elect. Tha eons: + parkpaing in te proces or sopsning trees and approving the Sopontmen of tate according tothe Eines et out the RGF + reviewing and providing advice to the tastes on thelr flfiment of the ‘espns Set ut the RS anton The tastes wi ke on ‘sat 1 Mah 2010, 9 Mentoring Soar comprised the relevant Member ofthe eopeanCarmisn andthe Cas ofthe Fanta Serces Agency of apa e US Staines and Exchonge Commission the Emerging Mathes Conte of the erator Oxntten of Ser Coats ose en {tie of OSC. The Cha ofthe Buel Commitee on Banking Supe 9 renting cere Comme ea a mtES The fA oun rs ome ASE Prnatesecererpanaaton worn nth sembion an bender rts ro site nepal eve ae ry unas nfeceble and + to dean» ange ih ca, se re ch ‘oss sed eran 2 CEES ttn ean tn br 1 Seie St ne tac rng rnscfemere noms ond Sho dma ses ees + (ebro ora Siesta. ang sodas 208 AS 0 ‘e soranc an vest ft ste natn yh FS Foudtion nd {Bona seting ay ese ths Tate who 8 cr sees he nependone oft SB avd esc the Sancire of the ‘Sonceson ‘The Tastee ave by scootle fo» Motoring os of pac Icomoetion: 22 nda tates, oe appoed ws Cs and uP tt 8 Vice ‘Se ese ve sopra arenes tem, renewal oe, Reps of wo aces res ny be apted are Caro i hai fra ero Chee vearsenewob one, pode tal ye sees true es tee fine yor The cent Cisrman Michel Praga The Chas are Togo Formas ater aber | eagrpica use si res Fm he seca repost om Euoo; se (Font Ateneo Ay our rm ny aes seco mang eral feogaohl bone) ae Se et: Wee tan renee nan ee, Po ce escengsapacine neem as rena moet acne matin Ain i meres ecm een Soe te ee geane Soe iy amanese as es ramet 125, aa meme 2 atelier around te worl ncdng vst, asi reget, Base (Ser outing starr seers ans te serootancy oTeO% buy 2012), of hao \campoton: 1 urd embers iret 6 oar han 1 My 20121 of ho one Ent mente Ar ha 209 mee re ponte loro al ‘re yas eva or Yuta hee yas The ond ices ma ec ws te years om vr mami emf ten ears Te et IAS Cine Se Dad Tei ftw Una Kinga (em expe 20 ane $i, Te nw Caan Ww Hone ee wee Cumann epi blest eset intrationl sy, by ay 202 there il rab es rome ra te anon re tm EO oP ‘reste orto over gown ance tstemint Rod mater: min qin or members rte {irs Rasy coun, The HS Avr, Counc mat Sande Adon Coun has AO members and Rane feperingt-paicteo the SNAG eting process The poston ot Inept thaman we sed HCI) THOS" MONS ae opposer ‘meee oferta hae deve eopsph an uncon aceound ‘The HS Adsry Cun nary mest wh the ASB a eas tre tines 3 ye for {ofa ec an aera pe ote pT ond gure 0 Tress mat cnt eA Eel inane oy od ange ‘The inerpretatons Commitee The FS irepetatins Comme rma led he fhe AS. The terpetatons Cones on ‘he Tustees and rsa rom vai of coun 15 the interpretative body ss 1 voting member spp by es and profesional aground. Te mance f te Inerpreatons Commitee Isto review on 2 tiny bate epee curing ss at he cn win conten cere ee a Boke ahora gues eR onthe ees." merpetoees ees mening ont ple sod web” Ih evn wane25 | snes penton crm 2 owe» ‘repeater comme wos ce ways sna ST a ow ‘oer orn an nen OF PS ns sTawoaRDSETING PROCES ‘es awe cp ts ngs en Toate ens soy ir oma we slate mr, Tages TSN rman veces mi hte nde a ecten | lei sem ter nn at Ser arte ean soc col cmt RTS ttn ced aig un) tab nes * Serco cde he Soo rea ves on om + ite tia spot t n e wts tessce tee ae 26 RSET LE evades eines nae er Siecy Sa heiormer oe eso + TEEN iaecnons aed tte epost 1 Moment Ste tens sean scot + BES ttt» ote od feng fle = SSinme apes tee fr ce re 36 Siemens ain ome sanded 1458 pubes ts Sandia sero rorouncamet ced Iterations Finan Reporting Sundar HS. hos aso ape the bey of Sanders aed sar of the neva Accuning Sedaris Carmela 200), Te Prorauncomens cio be desig ernatonal hot saseeds ‘ne covert USE Stans ni 1 042 weve pete a aprved By the MSE Sect eer srs se ae ‘seen tance ‘re naraionl Fanci Reporting Standard Manton? ‘se of forces can nb deere ax comping wh EH hey Copy wth etn ew FRC, pura sig aS ond I ust hs no utr oer comple wth acount stands bac s ‘tere acon Sone core eg ating HS, For eae Campane nor scr eglton i many counes eguies management and ‘ict of utcyeedcorpanes fnn any cae, enterprises Yo prepare ‘acl stern cores th WE tae presen fay for ee ue and fr ‘ee enn uri xt el han Ye ant ‘ne scuntany solani ton iets, tenon azzounting fs {the merataal eum fo Acounaney Developer) comme to promoting {suporing complacent FS by preps ad suatos of franca normation, Instr, wer FR te aque ccoting tnd o an enters chooses to comp wih eguerans of al RS shold be regarded st mandy "TE NEED FOR INTERNATIONAL ACCOUNTING STANDARDS. presen, Sancilregans prepare for owners or shareholders and ater Wier Inve pales ana procesres tat cn sary wdely rom county fo county, se sorties even within > cout. Aecouningseporsthereloe, can nck emery. ron te wou of copay ‘arama hs NEY Sentara msn ompry mete pet ae basses wi want to have 2 unform system for assessing fall performance ther operations in iteren Coton, They wate metaaa ‘her ener eps tobe coment eeoanee. iow mcooieg sna vty OM COU These tees ye nt ace ari ncaa rent courte wm Peo Scenes na serge crseamclone oer so cet ae ote nea term eon Sr mt OO te salen ays ent st ‘eons emo eran we cuts, Te ren sg set of te y heh ws Habe, a near ‘PLPPINE ASC MOVES TO AS In eevpngacouning tne ht wile ener aecaped In th Pipes the acount Sands Counc (AS) th precursor ofthe Financial Report Sonor coe cna dtd by ther stan etn ose sah as the Us ema caning Sands eae (a) aa the nernstond ‘ecuing Sana Comotc ro WS) nthe ost eas the ASC Based ‘ie tans toed on US szurng Sanaa. Sarg in 1596, Hower, ie Sessa ecroiing sans ht wer on rational aouing o+ foe stands on rerement bent es oromig case, conto coos {evens ah arin shar). I 1957, he ASE made a econ to move ta © Iematonal Acountine Sandu The AS consered the lowing ator i (hengomove olteratora cui stan + Suppor ofA by Pipe erations. 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