Accountancy Act of the Philippines

Accountancy Act of the Philippines or broadly known as Accountancy Act of 2004 states the laws regarding the practice of accountancy in the Philippines, their duties and responsibilities, the bodies in charge in promulgating the rules and the manner on how to be a Certified Public Accountant in the Country.

The most frequent asked questions raised by some professionals are on if they can take the said CPA Board exam even if they are not accounting graduates. So here are some piece from the Republic Act 9298 to answer that question.

SEC. 14. Qualifications of Applicants for Examinations. – Any

person applying for examination shall establish the following requisites to

the satisfaction of the Board that he/she:

(a) is a Filipino citizen;

(b) is of good moral character;

(c) is a holder of the degree of Bachelor of Science in Accountancy

conferred by a school, college, academy or institute duly recognized and/or

accredited by the CHED or other authorized government offices; and

(d) has not been convicted of any criminal offense involving moral

turpitude.

* Basically to be able to take the Philippine CPA Board exam, one must have a degree of Bachelor of Science in Accountancy. Any individual even though you have graduated already of any course related with acoounting such as Management Accounting can not take the said examination. Take or pursue Accountancy to become a CPA.

SEC. 15. Scope of Exam

ified public accountants

owing subjects:

(a) Theory of Accounts

(b) Business Law and Tax

(c) Management Services

(d) Auditing Theory

(e) Auditing Problems

(f) Practical Accounting Problems I

(g) Practical Accounting Problems II

The Board, subject to the approval of the Commission, may revise or

exclude any of the subjects and their syllabi, and add new ones as the need

arises.

* all of these subjects are learned at school but you can have a review of the mentioned above at any CPA review Centers all over the country. online review centers or online review are still in process.

SEC. 16. Rating in the Licensure Examination. – To be qualified as

having passed the licensure examination for accountants, a candidate must

obtain a general average of seventy-five percent (75%), with no grades

lower than sixty-five percent (65%) in any given subject. In the event a

candidate obtains the rating of seventy-five percent (75%) and above in at

least a majority of subjects as provided for in this Act, he/she shall receive

a conditional credit for the subjects passed: Provided, That a candidate

shall take an examination in the remaining subjects within two years from

the preceding examination: Provided, further, That if the candidate fails

to obtain at least a general average of seventy-five percent (75%) and a

rating of at least sixty-five percent (65%) in each of the subjects

reexamined, he/she shall be considered as failed in the entire examination.

*these must not be worried about, for it does not mean that out of 100 questions you must get a 75 for a lot of instances that the Examinee will lower down their rates. These depends on the overall result of the eminers. well for sure no one will get perfect as long as leakage is out of the subject.

SEC. 17. Report of Ratings. – The Board shall submit to the

Commission the ratings obtained by each candidate within ten (10)

calendar days after the examination, unless extended for just cause. Upon

the release of the results of the examination, the Commission shall send by

mailing the rating received by each examinee at his/her given address

using the mailing envelope submitted during the examination.

* well unlike to the nursing board exam result, the agony of waiting the CPA board result is not prolonged for months. The result will just around a week or so.

SEC. 18. Failing Candidates to Take Refresher Course- Any

candidate who fails in two (2) complete Certified Public Accountant Board

Examinations shall be disqualified from taking another set of

examinations unless he/she submits evidence to the satisfaction of the Board

that he/she enrolled in and completed at least twenty-four (24) units of

subject given in the licensure examination.

For purposes of this Act, the examination in which the candidate was

conditioned together with the removal examination on the subject in which

he/she failed shall be counted as one complete examination.

* If one will just focus and study, well no one will fail. As early as now, know your priorities. If you want to be an accountant then act now. read and understand all the theories and double practicing the accounting problems. The fruits of your labor will follow after.

Summer

One of the best season of the year is summer. Time to chill and relax, especially for students who in the last few months crack their selves on books, assignments and other school stuff. Lot of things can be done during summer. Here are some activities which i know some people do on summer:

1.) Go to Beach - Who on the earth does not want to go swimming. Soothing your self on the cold blue water or massaging your body on hot springs.

2.) Have Picnic - Bring along some snacks and get that blanket and visit your grassy park.

3.) Fly Kite - Time to reach the sky by flying that kite so high.

4.) Visit some Relatives - Time to visit our love ones who are far from us. They will be for sure very happy.

5.) Reunions - with relatives, friends and alumni get together

6.) Mountain Climbing - test your resistance and git some hike

7.) Sports - engage in sport activities

8.) School - dance, karate, music, theater class that can boost your confidence

9.) House keep - help at home

10.) Other Activities - caving, swiz sliding, horse back riding, kayaking, any other things you wnat to do.

Set a Happy Mood

There are plenty of things around us that is beyond our control. Whatever that isthat's it. We can't do something about it. But according to different researches, mood is not one of those things. We have lots of control over our mood. We dont have to wait for someone to lift our spirit up because ourselves alone can do it. A theory by Sonja Lyubomirsky of the University of California, states that 50% of our happiness is determined by genetics and 10% by major life circumstances, so we can say that 40% is generated by our daily thoughts and actions. Big enough to shift our mood

Think About It

20 centuries ago Greek Philosopher Epictetus said "We are disturbed not by events, but by the views that we take of them".So the thought that we can affect our moods by changing the way we think is'nt new.

Try This:

Be Curious - curious people likely to derive meaning and pleasure from any given day. try engaging into activities outside your comfort zone especially those that require skill.

Think fast - depression is characterized by slow thinking, is it stands that making your brain race could boost your mood.

Give Thanks - expresing gratitude has shown to improve your aura for it can lift up your dispositin for the day and makes you feel better.

Change Your Tape - Our brain is like a tape recorder. It keeps replaying different memories, especially those negative ones. Refraining yourself of thinking negative does not do much good, but instead try to write your negative thought and ask these questions : Does this thought add up tomy stress?,Where did I learn this thought?, Is this thought true?, Does this thought help me grow?. This questions will help you restructure your thought.Think positively and convert negative thoughts a positive one, throughthis you will stop generating anxiety with unreasonable negativity.

Do'nt Dwell - reminicing things from the past or worrying about the future can worsen and lengthens depressions and makes everyday a bad day. So break the contemplative cycle by doing constructive things that can distruct your attention.Try loking at pretty pictures it can improve your aura.

Acting on It

When youre feeling down, the first option youd probably do is text or call friends and hang out. Well it can pay off for according

to Elizabeth Dunn professor of psychology at the University of British Columbia "Anything we do to promote our social relationships is a great way to achieve happiness."

Try This:

Speak Up - try being an extrovert then most probably you will have fun and by then you will have a positive mood.

Talk to Strangers - These may sound counter to what your mother counsel's, but interacting with strangers is a safe way to improve your disposition.

For it is a strong social norm to be cheerful around someone we dont know., to make a good impression. When we act cheerful we begin to feel that way.

Do a Good Thing - The Dalai Lama teaches "If you want to be happy, practice compassion". Gestures as small as giving or lending a hand to someone can enhance your mood for it feels better

if we have helped somebody.

Shift your Social Network - If you often get along with people who has attitude problems, pessimistic and irretable surely the level

of yur mood will drop down. Try to socialize with people who are optimistic and cheerful and those who has a positive outlook.

The people oround you can affect your aura.

Get Healthy

We all know that exercising and eating can make us feel better, what's new is to give prof about those things.

Try This:

Work It - A little walk is all you need to get a good mood, no sweat required. For it can unleash the feel-good neurotransmitters sertonin and

norepinephrine in the brain that allows to break stress in your life. Listening to music can maximize the mood-improving capacity of exercise.

Breath Deeply - Exercise that is rhythmic, repetitive, noncompetitive and involves diaphragmatic breathing yields the biggest mental pay off.

Yoga has the additional benefit of increasing levels of GABA a neurotransmitter associated with happy, calm feelings and lowering levels

of cortisol, a hormone associated with stress.

Eat Fish - fish oil or omega-3 fatty acids has powerful effects on brain function and mood. In fact, omega-3 can have a greater positive effect on mood than prescription

of antidepressants according by the American Psychiatric Association. Try to eat oily, cld water fish three times a week and take a fish oil supplement. Make sure

the supplement contains both EPA and DHA, the two most critical omega-3.

Enjoy Fats - studies have shown that a diet with less than 25% of its total fat can raise anxiety, frustration and anger. The best mod enhancer monounsaturated fats

like avocado, olive oil and nuts.

Drink Up - dehydration makes you lethargic and water restores energy levels. We are most dehydrated when we wake up so

two eight ounces glasses of water is a good antidote for morning gloom. Water can make exercise more pleasurable.

Set A Happy Scene

Surroundings can change your mind.

Try This:

Create a Grrenhouse Effect - ops!! not the one your thinking. If you forsee a stressful moment then buy your self a flower.

You will feel less anxious, less depressed, more cmpassionate and more enthusiastic. For it lifts to our human attraction to nature

and by appreciating nature and the beauty around us makes us feel the presence and love of the one who created us.

Add Background Music - Music can affect the pleasure center of the brain. The same area activated when you have an orgasm.

The positive effect can last even after the music is over and as long as you like the music youre listenning into.

Take a Whiff - Smelling any scent that appeals to you can improve your mood.

The areas of the brain that process olfaction and emotion are linked, so the functioningof one area directly affects the other.

After reading the above article, apply it at once to your self. For it is nt inevitable to have a bad day. You alone can do something to your mood. Share these as well

to your families, relatives and friends. for a happy day creates a peaceful and happy world.

Source : Allure Magazine, February 2008, Get Happy.

With in Me

Before, I thought that my life is perfect

i have a family who is so very supportive

a love one who is always their for me

an education to be proud of

until i have reached the 22nd year of my life

i can say that im not the bad kind of person

nor the good one

im just an average lady

who is dreaming big

i dream a lot

like having a family on my own

owning a company of my name

toping the board exam

driving my own car

and ofcourse who is not dreaming of becoming rich

all i enumerated above is poosible

as what i always tell to myself

but the question is Can I Achieve all of those?

wel probably you may say yes..

but to those who are close to me

may just laugh..

for they all know me.

my habbits and attitude and everything..

that feb 3 2009, my babe

gave me a book

the difference maker

it tells about attitude and everything good and bad about it

including obstacles towards it..

as i ponder reading that book

i realized that yes, my dreams are reachable

but, what am i doing now to be able to reach those dreams.

so as i finished reading that book

by the time i closed the last page of it.

i told to my self that from now on

i will start doing the things

to achieve my dreams.

"every little things i made must be one step closer towards my dream"

and to my babe

thank you so much for that wonderful book you gave me

well, all you have said to me are right..

i love you so much..

lets go hand in hand in achieving our dreams together.

special someone

what is a special someone?

for me it is a person who is always their for you, in sad times times or in good times. the one who is willing to push you up when other people or even your self push you down. the person who listens even at your corniest joke and your never ending repeating stories. the person who would scream together with you when your mad and laugh with you when youre happy. the person who would not tolerate your wrong thoughts and acts. the one who will get mad when your acting stupid. the first persn who will criticize you for everything. lastly, the person who in one way or another loves and understands you whatever the risks it takes to be loved by you.