Definition of Accounting according to:
Accounting Standards Council
-service activity
-provide quantitative information
American Institute of Certified Public Accountant
-is an art of recording, classifying and summarizing
American Accounting Association
-is the process of identifying (analytical component), measuring (technical) and communicating (formal)
RA 9298 - Philippine Accountancy Act of 2004
Board of Accountacy -authorized by law to promulgate rules about accountancy profession in the PH.
CPA main areas:
*Public Accounting
-Auditing, Taxation, Management Advisory Services
*Private
-Accounting staff, chief accountant, internal auditor and controller
*Government
-admin ans public funds
Continuing Professional Development
-15 units/3 years
General Accepted Accounting Principles
-accounting rules and practices
Financial Reporting Standards Council
-replaces ASC
-establish and improve accounting standards in the PH
-PAS and PFRS
Philippine Interpretations Committee
-authorative guidance
International Accounting Standards Committee/Board
-uniformity
-IFRS
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Accounting
RandomThis book is filled with accounting lessons specially crafted for accounting students and aspiring accountants. Dive into the world of numbers and financial know-how as I guide you through essential concepts and practical insights. Whether you're ju...
