Steps in Applying Licensure Examination in the Philippines

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Posted by geemiz | Posted in Accounting Guidelines | Posted on 25-05-2011

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Step 1

Secure and accomplish an Action Sheet Form from the Professional Regulation Commission (PRC) Customer Service Center (CSC).

Step 2

Submit the Action Sheet form in any processing window together with the following:

  • Original and photo/xerox copies of Transcript of Records with Special Order and Date of Graduation
  • With SCANNED PICTURES AND WITH REMARKS “FOR BOARD EXAMINATION PURPOSES ONLY” .View Res.2004-2000 .(Graduates of government schools and institutions/programs accredited by recognized accredited agencies under the FAAP are exempted from SO [B]). Graduates of New Schools/degree Programs must submit School Recognition and/or Permit to operate.

Most Outstanding Regional Council President

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Posted by geemiz | Posted in JPIA | Posted on 20-03-2011

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The search for the Most Outstanding Regional Council President recognizes the Regional Council President that has performed his/her duties and served its members in providing an environment where one can harness his skills toward academic excellence and social awareness.

The search is open to all Regional Council President of NFJPIA FY 2010-2011 who has participated in the 13th MidYear Convention and 28th Annual National Convention.

The candidate must properly secure the following documents in hard copy:

  1. Duly signed endorsement letters from the College Dean, Incumbent JPIA Adviser and the Incumbent Local Chapter Presidents (at least 10% .of all registered Local Chapter)

Most Outstanding Local Chapter President

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Posted by geemiz | Posted in JPIA | Posted on 20-03-2011

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The search for the Most Outstanding Local Chapter President is open to all Local Chapter Presidents of NFJPIA FY 2010-2011 who also participated the 13th Mid-year Convention and the 28th Annual National Convention. This award is to recognize the Local Chapter President who did his duty well and served its members to provide an environment where one can harness his skills toward academic excellence and social awareness.

The candidate must properly secure the following documents in hard copy:

  1. Duly signed endorsement letters from the incumbent from the College Dean, Incumbent JPIA Adviser and Incumbent JPIA Regional Council President.

JPIA Year End Award and General Guidelines

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Posted by geemiz | Posted in JPIA | Posted on 20-03-2011

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It is known that the Junior Philippine Institute of Accountants will have its 28th annual gathering this coming April 26 – 29, 2011 with the theme of Make a S.T.A.N.D! (Surpassing life’s Thresholds thru Assertive stances & Noble undertakings across Diversities).

Various academic and non academic related activities are being prepared by your humble officers. Among the NFJPIA National Annual Convention activity is the awarding of all deserving JPIANs, Local Chapters, Local Chapter President, Regional Council and Regional Council Presidents who has done their very best and show excellence among others.

Criteria for the 2011 Year End Awards

Most Outstanding Regional Council

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Posted by geemiz | Posted in JPIA | Posted on 20-03-2011

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The search for the Most Outstanding Regional Council recognizes the Regional Council that has performed its duties and served its members in providing its members an environment where one can harness his skills toward academic excellence and social awareness.

The search is open to all registered Regional Council of NFJPIA FY 2010-2011 who participated in the 13th MYC, 28th Annual National Convention and 2011 National Mock board.

The candidate must properly secure the following documents in hard copy:

  1. CD copy- Flash/Movie Presentation of no less than 2 minutes but no more than 5 minutes summarizing the activities of the Regional Council, its achievements, etc.

MOST OUTSTANDING JPIAN

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Posted by geemiz | Posted in JPIA | Posted on 20-03-2011

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Every year there is a search for the most deserving accountancy student who posses all true traits of a pure JPIAn. The candidate must be a well rounded individual, meaning he/she must excel both in the academic and non-academic activities (extracurricular activities). The search is not limited but it is open to all JPIAns who is enrolled in the School year 2010-2011. Another qualification is that he must/she must attend the 13th Mid-Year Convention and the 28th Annual national Convention.

Each Local Chapter can nominate at least one candidate for his category and a maximum of three. Incumbent Regional Council Presidents and Incumbent Local Chapter Presidents are not allowed to apply in this category.

Most Outstanding Local Chapter

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Posted by geemiz | Posted in JPIA | Posted on 20-03-2011

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The search for the Most Outstanding Local Chapter recognizes the Local Chapter that has performed its duties and served its members to provide an environment where one can harness his skills toward academic excellence and social awareness.

Each Regional Council can nominate at least one Local Chapter and a maximum of five in this category. The Local Chapter must have passed the criteria/selection process imposed by his/her respective Regional Council.

The candidate must properly secure the following documents in hard copy:

  1. CD copy- Flash/Movie Presentation of no less than 2 minutes but no more than 5 minutes summarizing the activities of the Local Chapter, its achievements, etc.

Operating Lease

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Posted by geemiz | Posted in Practical Accounting 1, Theory of Accounts | Posted on 12-03-2011

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Lease

A lease is an agreement between two parties, the lessor and the lessee. The lessee is given the right to use a certain property that is owned by the lessor for a specific period of time. In return the lessee will pay an amount to the lessor called rent.

Two Kinds of Lease

Operating Lease

  • This is the most Popular rental approach
  • The periodic rental is recognized as rent expense on the part of the lessee and rent income on the part of the lessor.

Finance Lease

  • This is actually a lease purchase.

28th Annual National Convention Package Deals

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Posted by geemiz | Posted in JPIA | Posted on 27-02-2011

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Below are the list of payments when you register ahead of time or on the exact date of the convention. Also please be guided accordingly of the procedures upon registration.

  1. Package A (February 18-March 3)           P 5,399.99
  2. Package B (March 4-April 1)                        P 5,499.99
  3. Package C (April 2- April 14)                        P 5,599.99
  4. Package D (April 15 onwards and Non-JPIANs) P 5,649.99

Inclusions:

NFJPIA National Annual Convention

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Posted by geemiz | Posted in JPIA | Posted on 17-02-2011

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Since 1983 a nationwide gathering of all future CPAs is being held. The gathering is made possible because of the dynamic officers of the only national organization for accountancy students in the country which is the National Federation of Junior Philippine Institute of Accountants with the help of its local chapters.

The goal of the get together is to abreast all members of the latest issues and veers in the field of accountancy. This event will help promote professional development, camaraderie and maintain the tradition of academic excellence which has been kept for more than a decade.