Mission, Vision and

Getting to know you

Mary Jane L. Estores, CPA, MBA
University of Makati Vision

 We envision the University of Makati as the primary

instrument where University education and Industry
training programs interface to mold Makati youth into
productive citizens and IT-enabled professionals who are
exposed to the cutting edge of technology in their areas of
specialization. The University shall be the final stage of
Makati City's integrated primary level to university
educational system that allows its less privileged citizens
to compete for high paying job opportunities in its
business and industries.
University of Makati Mission

 To achieve our vision, University of Makati shall mold

highly competent professionals and skilled workers from
the children of poor Makati residents while inculcating in
them good moral values and desirable personality
development by offering baccalaureate degree, graduate
degree, and non-degree programs with parallel on campus
social, cultural, sports and other co-curricular activities.
College of Business and Financial
Science Vision
 TheLeading provider of globally competitive
business and finance professionals.
College of Business and Financial
Science Mission

To produce globally competitive

and employable graduates through
quality education
College of Business and Financial
Science Core Values

W – ell Being
I - ntegrity
C - ommitment
E - xcellence
R - esponsivenes
The Accounting Profession
The Accounting Profession
• The International Financial Reporting Standards (IFRS) Foundation is a
not-for-profit international organization responsible for developing a
single set of high-quality, global accounting standards, known as IFRS
Standards.
IFRS Standards are set by the IFRS Foundation’s standard-setting body,
the IASB.
• The Monitoring Board is a group of capital market authorities and
provides formal link between the Trustees and public authorities in order
to enhance the public accountability of the IFRS Foundation.
• The International Accounting Standards Board (IASB) is the independent
standard-setting body of IFRS Foundation responsible for the
development and publication of IFRS and for approving Interpretations of
IFRS as developed by the IFRS Interpretations Committee.
The Accounting Profession
The Accounting Profession
The Accounting Profession
 The Accounting Profession
Members of FRSC
Composed of fifteen (15) members with a chairman and fourteen (14) representatives
from:
No. of Members
 BOA, SEC, BSP, COA, BIR 5 (1 each)
 Financial Executives Institute of the Phil. (FINEX) 1
 PICPA:
Public Practice, Commerce and Industry,
Academe/Education, Government
8 (2 each)
 TOTAL 14
The Accounting Profession
Members of AASC
• AASC shall have 15 regular members with a term of three years, renewable for
another term, coming from the following:
No. of Members
Chairman 1
BOA, SEC, BSP, COA 4 (1 each)
Association of CPAs in Public Practice 1
PICPA:
Public Practice 6
Commerce and Industry,
Academe/Education, Government 3 (1 each)
TOTAL 15
The Accounting Profession
The Accounting Profession