Due to the separation of Taxation from its then better half Business Law, here is the list of new topics in the Taxation and Law for the Philippine CPA Board Exam. Effectivity is on October 2017.
6.0 TAXATION UNDER THE LOCAL GOVERNMENT CODE* 6.1 Scope and different types of local taxes(Limited to Real property tax, local business tax) 6.2 Tax base and tax rates 6.3 Venue and time of filing of tax returns 6.4 Venue and time of payment
The Professional Regulation Commission (PRC) announces that 5,468 out of 13,317 passed the Certified Public Accountant Licensure Examination given by the Board of Accountancy in the cities of Manila, Baguio, Cagayan De Oro, Cebu, Davao, Iloilo, Legazpi and Lucena this October 2015.
List of CPA Board Exam Oct. 2015 Top Notchers
Top Performing Schools
These are the schools with 50 or more examinees and with at least 80% Passing Percentage.
The news is true. There have been changes to the CPA Board Exam Syllabus and this was proposed by the Board of Accountancy headed by BoA chairman Joel Tan-Torres last June 20, 2015 and presented during the Accountancy Week Celebration on July 2015.
The Revisions 1. Reduction in the number of subjects from seven (7) to six (6) 2. Merging auditing theory and practice into one (1) subject 3. Merging of accounting theory and practice and distributing the pertinent topics in Theory of Accounts, Practical Accounting I, Practical Accounting II to Financial Accounting and Reporting and Advance Accounting 4. Segregating Business Law and Taxation into “Taxation” and “Regulatory Framework for Business Transactions” 5. Renaming Management Services to “Management Accounting and Control”
Posted by geemiz | Posted in Accounting News | Posted on 16-10-2014
The Professional Regulation Commission (PRC) announces that 4,123 out of 11,137 passed the Certified Public Accountant Licensure Examination given by the Board of Accountancy in the cities of Manila, Baguio, Cagayan De Oro, Cebu, Davao, Iloilo, Legazpi and Lucena this October 2014.
CPA Board Exam Top 10 October 2014
* Name, Rank , School, and rating
1. MARK ANTHONY BLANCO TACUBOY UNIVERSITY OF SAINT LOUIS-TUGUEGARAO 91.14
2. KEVIN PATRICK SY LIM UNIVERSITY OF THE PHILIPPINES-DILIMAN 90.71
REYNALD ESPIRITU TOMAS CAGAYAN STATE UNIVERSITY-ANDREWS CAMPUS(TUG) 90.71
3. CEDRICK STA ELENA ZAPANTA ASIA PACIFIC COLLEGE 90.00
The sleepless nights, the missed parties and all prayers has paid off to the 1,107 who has passed the Philippine Certified Public Accountant Licensure Examination.
CPA Board Exam Top 10 July 2014
* Name, Rank , School, and rating
1 ROMMEL RHINO CATUDIO EDUSMA ASIAN DEVELOPMENT FOUNDATION COLLEGE 94.57
2 JOANNA MARIE LIM BARROZO SAN BEDA COLLEGE OF ALABANG,INC.(ST.BENEDICT COLL) 93.43
3 RAY HAMODI BALAGBIS NGALOT UNIVERSITY OF SAN CARLOS 92.43
4 ORVILE PERDON RABINO ADVENTIST UNIVERSITY OF THE PHILIPPINES 92.00
5 JOSCEL BARRIO DELOS CIELOS XAVIER UNIVERSITY 91.57
PRC has moved the scheduled May 2014 CPA board exam due to vacancies in the Board of Accountancy. There are currently 2 active members from the 7 member board. Since the board is short of a requirement to quorum to validly fulfill its duties and functions, that includes the formulation and making of the test, PRC passes a resolution to indefinitely postpone and reschedule the exam until the new members of the board have been duly appointed and qualified.
When you first open your small business, you may be doing the majority of the accounting yourself. This may be particularly true if you are operating as primarily a service business or a contractor. You may be using accounting software or you may be using a paper method to track your expenses and income. However, you may benefit from hiring an accountant to do your taxes for you. Many accountants will work for several small business owners, which means you do not need to hire someone full-time.
Are You Spending More Time on Your Finances than Your Business?
Section 10. The degree program described herein shall be called Bachelor of Science in Accounting Technology (BSAT).
Section 11. The BSAT program may be offered in a separate School of Accountancy or in a Department of Accountancy in the Colleges or Schools of Business.
Section 12. The primary goal of accounting education is to produce competent professional accountants capable of making a positive contribution over their lifetimes to the profession and society in which they work. In the face of increasing changes that they will meet later as professional accountants, it is essential that students develop and maintain an attitude of learning to learn, to maintain their competence later as professional accountants.
Republic of the Philippines OFFICE OF THE PRESIDENT COMMISSION ON HIGHER EDUCATION CHED MEMORANDUM ORDER (CMO) No. ________ Series 2006
SUBJECT : MINIMUM CURRICULAR REQUIREMENTS FOR BACHELOR OF SCIENCE IN ACCOUNTING TECHNOLOGY (BSAT) X—————————————————————————————————X In accordance with the pertinent provisions of Republic Act (RA) No. 7722, otherwise known as the “Higher Education Act of 1994,” and for the purpose of locally adopting the International Education Standards in Accounting Education as prescribed by the International Federation of Accountants with the end view of keeping standards in accounting education in the country comparable with the requirements of the global workplace, the following rules and guidelines are hereby adopted and promulgated by the Commission:
The Financial Reporting Standards Council who replaces the Accounting Standards Council is composed of a chairman which is appointed by the Board of Accountancy and it includes representatives from the Board of Accountancy (BOA), Securities and Exchange Commission (SEC), Bangko Sentral ng Pilipinas (BSP), Financial Executives Institute of the Philippines (FINEX), Commission on Audit (COA) and Philippine Institute of Certified Accounatnts (PICPA)
Below are list of the Financial Reporting Standards Council
Chairman
Mr. David L. Balangue Former Chairman and Managing Partner, SGV Co.
Members
Board of Accountancy
Ms. Ma. Elenita B. Cabrera Vice Chairman Board of Accountancy
