The best accounting firms in the Philippines, the "Big Five" auditing firms, are listed in this article. The top CPA firms and major accounting firms in the world have always been popular in the business world, not only here but globally, too....
Debits and credits can be very confusing when we are first introduced to them. This will give you a clear, basic understanding of the concept.
Budgeting is not a simple process as it seems, be it for personal or business use. Various skills are needed to develop, agree, negotiate and manage budgets.
Merits of Continuous Audit and Demerits of Continuous Audit. Audits can be classified into two groups namely; periodical audit and continuous audit.
Preliminary steps before commencing a Company Audit; Verification of Appointment, Verification of Memorandum, Verification of Articles, Verification of Prospectus, etc.
The CPA (Certified Public Accountants) Board Exam is one of the toughest government examinations in the Philippines. It takes five years of rigorous studies and a six month period of review at the CPA Review Centers.
The statement ‘Accountancy is 50% low-grade arithmetic and 50% guesswork’ made by Richard Lewis does not have any truth about it because of the arguments against are more than the arguments for the statement.
The liabilities of auditor can be classified as liability under optional audits and liability under statutory audits.
The word 'Audit' is originated from the Latin word 'audire' which means 'to hear'. In the earlier days, whenever there is suspected fraud in a business organization, the owner of the business would appoint a person to check the accounts and hear...
Basic Terms used in Accounting, basic accounting terms, Profit and Loss Statement, Balance Sheet. Accounting Equation, Assets, Liabilities, Capital, Sales. Expenses and Revenues. Expenditure. Loss, Income and Profit, etc.