I guess this would be my last blog post here in Tumblraccountants bago ako sumabak sa board exams this coming October. Actually, aside from posting answers to queries ng iba nating members, hindi na ako masyadong nakapagpost ng other accounting stuff dito simula noong fifth year. Siguro dahil nagiging busy na ako, at tatlo ang dahilan: una, sa pag-asang makapasa sa Accounting Integration subjects namin; pangalawa, ang maka-graduate na sa school namin as a BSA student; at pangatlo at ang pinakaimportante: para maging CPA na.

Nagawa ko na yun unang dalawang dahilan, natagalan nga lang sa una dahil nagka-bagsak-bagsak ako dati sa Accounting Integration namin at kailangan ko pa siyang ulitin the following semester; at sa pangalawa nadelay ang pag-graduate ko dahil nga dun. Technically, graduate na ako nito lang May 2014 (na dapat April 2014 kung hindi dahil sa back subjects ko) dahil may diploma at TOR na ako na pang board exam, pero hindi pa po ako nakakapagmartsa (December pa po kasi eh.)

At ito na ngayon: work in process na yun pangatlong dahilan: ang maging CPA. Pero kumpara sa dalawa, ito na ang pinakamahirap. Siguro dahil napapagod na ako kakaaral, dahil simula fifth year, dumaan ng summer, at diretso sa review center na, iyon na ang ginagawa ko. Wala pa akong mahabang pahinga at bakasyon. Pero dahil kailangan, tiniis ko ang pagod, mabalikan lang ang mga bagay na kailangang tandaan bago ako sumabak sa October.

Siguro yun iba, medyo napapagod na rin sa pagrereview. Pero hindi talaga iyon dahilan para tumigil. Sabi nga, maghirap ka na ngayon kaysa maghirap ka pa kinabukasan, dahil pag ngayon ka naghirap, darating ang bukas, dadali rin ang lahat.

Sa mga magtatake ng board exam katulad ko sa October, sapat na siguro kung ano man ang hirap natin para sa exam na ito. At sa araw na bubuklatin na natin ang unang exam natin, sana maisip natin na sa dami ng napagdaanan natin, maaaring ito na ang umpisa ng pangmatagalang ginhawa para sa atin.

At tandaan natin, PUMASA man tayo o BUMAGSAK, hindi pa natatapos ang buhay natin sa exam na ito. Tao pa rin tayong humihinga, CPA man tayo o hindi.

I just hope that on my next post here, I would have already got my three letters:

C.P.A.

- Pol Moises Gregory Clamor

Question from Anonymous

September 16, 2014 / 17 ♥ / Reblog this post / Comments

Good evening! I'm a graduating student na BSA, pero kung kailan last year ko na, dun pa ako nawawalan ng motivation at nadodown. Feeling ko I'm not good enough in my subjects kaya naiisip kong baka di ko kayanin ang board exam. Lalo tuloy akong tinatamad na mag aral. Any advice or motivations please?

Isipin mo na lang yun mga previous years mo as a BSA student. The mere fact na umabot ka ng fourth or fifth year, ibig sabihin nakaya mo yun first three or four years, nasurvive mo na siya. Ngayon ka pa ba susuko, e lumalapit ka na papunta sa finish line? :)

Isipin mo rin, paano ko kaya nagawa yun tatlo o apat na taon na iyon? Kung ano man yun ginawa mo noon, mas pagbutihan mo ngayon. 

Motivation? Imagine yourself becoming a CPA in a matter of time. Kung anong ginagawa mo as a CPA. From that oversight, starting today, make it happen and never surrender. :)

Question from Anonymous

September 16, 2014 / 2 ♥ / Reblog this post / Comments

Ano po ba pinagkaiba sa GAAP ng Accrual, Revenue Recognition at Matching Principle?

ACCRUAL BASIS: yan yung sinasabi ng GAAP na “revenue is recognized when it is earned regardless of collection; and expense is recognzied when it is incurred regardless of payment”, ibig sabihin narerecognize ang revenue or expense pag naganap na siya, pero di mo kailangang makolekta or mabayaran agad. Kabaligtaran niya si Cash Basis, na kung saan, kolekta muna bago kita, or bayad muna bago gastos.

REVENUE RECOGNITION: actual isa yan sa component ng accrual basis of accounting, yun revenue is recognized when it is earned regardless of collection

MATCHING PRINCIPLE: yan naman yun kapag nakapag recognize ng revenue, kailangan mo siyang tapatan ng expenses or costs. Halimbawa, nagbenta ka ng cellphone, e di revenue yun. Ibabangga mo siya sa costs niya (like materials at labor ng paggawa ng phone, advertising, rent sa store nila, personnel, etc.). Imposibleng wala kang nagastos sa nabenta mong phone kasi violation yun ng matching principle.

Question from Anonymous

September 16, 2014 / 5 ♥ / Reblog this post / Comments

updated po ba ung income taxation ni ampongan? ung 2012. tska matatanong nb sa oct 2014 cpa boards ung revenue regulations na inissue nung 2013 at 2014?

Dahil noong July 2014 CPA board exams, killer subject ang BLT, definitely, may chance na lumabas na yun mga latest na Revenue Regulations.

Then about kay Ampongan, take caution lang pag magsasagot kasi baka may mga nabago na, since 2 years ago pa ang book na yun. Mas maganda talaga na kapag Tax, latest edition ang babasahin mo. :)

Question from Anonymous

September 16, 2014 / 7 ♥ / Reblog this post / Comments

Hello po ^.^ Im a 4th Yr. Student and malapit na po akong grumaduate.. Balak po kasi namin ng mga kaibigan ko na kumuha ng BSAccountant, Ahmm.. pwede po bang makahingi ng magandang advice? Gusto po talaga namin mag accountancy. Kaya lang po ang sabi nung mga classmate namin eh mahirap daw po un.. kaya bigla po kaming nag alangan.. pwede pong pahinging ideas kung ano pong dapat naming paghanda? At dapat ko pong gawin ^0^ ~~ Thankyou po :)

Disclaimer: Tama, hindi talaga madali ang papasukan niyo, pero…

First of all, walang course na hindi mahirap. Pero one of a kind ang BS Accountancy kasi iba yun hirap niya, yun tipong nakakachallenge talaga pero pag nalusutan mo siya, very fulfilling.

Second, para maging successful sa course na ito, develop an analytical mind, yun tipong kaya mong paikut-ikutin ang mga bagay, kasi ganun sa Accountancy, need mong mag analyze ng problem solving. Not needed na magaling ka sa Math; add, subtract, multiply, divide saka exponent lang naman yun e.

Third, develop your English comprehension especially in reading. Malaki ang advantage kasi pag nagegets mo yun binabasa mo sa pagsolve ng mga problems.

Lastly, ayusin na ngayon pa lang ang study habits, kasi anlaking bagay niyan sa course na ito. Advance reading is one of the most effective way of having good study habits. Pero wag muna kayo magbasa ng Accounting book habang nasa high school pa kayo. Masyado pang maaga. Pag nagstart na ang college, saka niyo siya umpisahan.

God bless sa tatahakin niyong landas as a future CPA :)

Question from Anonymous

September 16, 2014 / 3 ♥ / Reblog this post / Comments

hello po! ok lang po ba mag-ojt sa government? like BIR ganun? saan po mas maganda, government or private? at maganda po ba for a fresh graduate/newly licensed CPA na magtrabaho agad sa government? thank you! :]

Hello! Nag-OJT rin po ako sa government agency more than a year ago, specifically sa PAGIBIG Fund. Noong una ang impression ko talaga is tagatimpla lang ng kape ng boss or something. Nagkamali ako. Dahil marami ka talagang matututunan sa accounting processes nila. :) Lalo rin sa BIR, mafafamilliarize ka sa mga tax forms na pinapasa nila sa inyo, dahil in the future, magaayos ka rin ng tax returns para sa client mo as a CPA :)

Okay rin naman na magstart ka kaagad sa government as a fresh grad/CPA, nasa saiyo naman yan. :) Although some of CPAs na kilala ko, nag auditing firm muna sila ng ilang taon before joining the government. At maganda naman ang resulta :)

Question from nikolei25

September 16, 2014 / 1 ♥ / Reblog this post / Comments

Mahirap po bang imaintain ang 2.0 or higher na grade sa accounting?

It depends sa mga factors tulad ng school, professors or study environment. Depende rin sa student.

Pero I’m sure most of the people who are now graduates and CPAs alike napagdaanan nila iyan. So, kung kinaya nila, KAYA MO RIN :)

  • hi, when kaya mag start nang reservations para sa oct. 2015?
  • : (((
  • #TheExcited
  • hi poh. i am now a fourth year student. I have a few questions about the review center San Jose Recoletos (Cebu) because my family might send me there. Ok lang ba doon mag review? I am worst in P2 kasi. please enlighten me folks. I badly needed it : (
September 13, 2014 / 40 ♥ / Reblog this post / Comments
diveintoinfinity:

WHY YOU GOTTA BE SO ACCRUED?

diveintoinfinity:

WHY YOU GOTTA BE SO ACCRUED?

Reblogged from: diveintoinfinity · Source: diveintoinfinity

On Review Centers

September 13, 2014 / 103 ♥ / Reblog this post / Comments

thejerrynation:

icantspel:

During our senior year, a lot of us were contemplating as to where will we be reviewing. It all boiled down to CPAR, ReSA, PRTC and CRC-ACE. Which one’s the best review school? Well, it depends:

Go to CPAR if you feel that you have a solid foundation in accounting. The pacing there, in my opinion, is quite fast. The problems we solve there are more of the comprehensive problems especially in Prac 2. The star-studded cast of reviewers (Roque Brothers, Papa Valix and his son) help you further your understanding, in my opinion. As to the pressure, well, medyo grabe. Why? It’s because most of the honor students of each school as well as almost all the graduates of La Salle, UST and UP are there. So you have an idea on your competition in passing the board and in finding a job. Half of the examinees go to CPAR, more than 4,000 to give you an idea of how big the population of the reviewees in CPAR. AND, prestigious companies go to CPAR and give talks about their company and post job vacancies so it’s a bit of an advantage for me.

Go to ReSA if you’re a bit shaky in BL&T and AudTheory. Plus, the review center is home to Sir Dayag whose an expert in Prac 2. Their review materials are filled with fundamental yet challenging problems that would assess what you’ve learned during undergrad.

Enroll at PRTC if you want periodical drills to test your understanding in every topic. After a hearty discussion, they give you drills to test whether you understood the topic. They follow a strictly zero base grading system which adds a little more pressure. It may be a bit of a drain, because you spend two-three days discussing one subject (P2 on M-T, P1 on ThF, MS next MT, AT next ThF) but overall the experience is okay.

CRC-ACE is where Salosagcol teaches and I heard he’s an excellent lecturer too. I don’t know much about CRC-ACE but what I know is their materials are comprehensive but solvable.

SO, WHERE TO REVIEW? Here are a few things you need to do before enrolling yourself in a review center:

Read More

Reblogged from: thejerrynation · Source: icantspel
Tagged with: CPA board-exam · accounting · accountancy · cpar · resa · prtc · crc ·
September 13, 2014 / 121 ♥ / Reblog this post / Comments

Reblogged from: tumblraccountants · Source: hiddenidentity-princess

Para kang CREDIT!

September 13, 2014 / 45 ♥ / Reblog this post / Comments

cpaitlogpugo:

Cause you are the RIGHT one!

image

Reblogged from: tumblraccountants · Source: cpaitlogpugo

Auditors in Love

September 13, 2014 / 99 ♥ / Reblog this post / Comments
  • Boy: I love you.
  • Girl: Really?
  • Boy: And there you are, doubting my assertions.
  • Girl: Sorry. I was trained to be professionally skeptic.
  • Boy: But I was trained also to be compliant with faithful representation of my feelings. What I'm supposed to do in order for you to believe my assertions?
  • Girl: Give me absolute assurance that there will be no other non-related parties and fraudulent activities if we become an item then. You also have to disclose all the necessary information to assess whether your representation is intact and reliable There will be risks involved and I'm not ready to take that.
  • Boy: But, I can't give you absolute assurance. There will always be inherent limitations involved from various factors.
  • Girl: Then, guess you don't really love me at all.
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