I'm already fourth year graduating BSA Student...
I really felt that I'm so tired right now...
I need to read more than 3 chapters a day for all the subjects...
So tiring...
So stressful...
Accounting course is so tiring...
need to rest right now...
just for a while...
Sunday, August 1, 2010
Friday, March 26, 2010
One day pa lang, binura ko na agad...
As a safeguard, I already deleted those posts and links that directs you to sites where you can find review materials...
This is for my own safety...
Hope you'll understand
This is for my own safety...
Hope you'll understand
Thursday, March 25, 2010
What do I do to my review materials...
I know every BSA students is aspiring to be a CPA someday (like me)...
But before that, we all need to prepare ourselves for that day...
The day that we're gonna take the Board Exam...
To prepare ourselves, we go to school everyday, listen to classroom discussions, read books, and test ourselves through seatworks, assignments and quizzes...
But one thing that we do (especially when departmental exams coming), we photocopy study materials and study them...
Others would opt to buy reviewer books in Conanan or in stalls in Recto (admit it! most of us buy in those stalls...)
Well, I know, that this photocopying of study materials causes us too much but I believe that it's an investment...
That's why I just don't mind how much it'll cost me...
What comes next?
After departmental exams, some of us, throw those materials...
Others would sell those to the junk shop (white papers costs about 2-5 pesos per kilo...)
Me?
I segregate them into those papers that can be recycled, photocopied materials, and those that will be sold to the junk shop...
Papers that can be recycled are compiled in a plastic envelope...
I use them as scratch papers...
Those photocopied study materials are set aside...
I put them in a cabinet so that if I need them, I could easily find them... (ne..)
Papers that will be sold to the junk shop are put at the back of the house...
I just put them there till the junk shop people would go inside the subdivision to buy those things...
Well, I'm just posting here what I do to those papers...
Thanks for reading!
But before that, we all need to prepare ourselves for that day...
The day that we're gonna take the Board Exam...
To prepare ourselves, we go to school everyday, listen to classroom discussions, read books, and test ourselves through seatworks, assignments and quizzes...
But one thing that we do (especially when departmental exams coming), we photocopy study materials and study them...
Others would opt to buy reviewer books in Conanan or in stalls in Recto (admit it! most of us buy in those stalls...)
Well, I know, that this photocopying of study materials causes us too much but I believe that it's an investment...
That's why I just don't mind how much it'll cost me...
What comes next?
After departmental exams, some of us, throw those materials...
Others would sell those to the junk shop (white papers costs about 2-5 pesos per kilo...)
Me?
I segregate them into those papers that can be recycled, photocopied materials, and those that will be sold to the junk shop...
Papers that can be recycled are compiled in a plastic envelope...
I use them as scratch papers...
Those photocopied study materials are set aside...
I put them in a cabinet so that if I need them, I could easily find them... (ne..)
Papers that will be sold to the junk shop are put at the back of the house...
I just put them there till the junk shop people would go inside the subdivision to buy those things...
Well, I'm just posting here what I do to those papers...
Thanks for reading!
Friday, December 4, 2009
Generally Accepted Auditing Standards
General Standards
1. The examination is to be performed by a person or persons having adequate technical training and proficiency as an auditor.
2. In all matters relating to the assignment, an independence in mental attitude is to be maintained by the auditor or auditors.
3. Due professional care is to be exercised in the performance of the examination and the preparation of the report.
Standards of Field Work
4. The work is to be adequately planned and assistants, if any, are to be properly supervised.
5. There is to be a proper study and evaluation of the existing internal control as a basis for reliance thereon and for the determination of the resultant extent of the tests to which auditing procedures are to be restricted.
6. Sufficient competent evidential matter is to be obtained through inspection, observation, inquiries, and confirmations to afford a reasonable basis for an opinion regarding the financial statements under examination.
Standards of Reporting
7. The report shall state whether the financial statements are presented in accordance with generally accepted principles of accounting.
8. The report shall identify those circumstances in which principles have not been consistently observed in the current period in relation to the preceding period.
9. Informative disclosures in the financial statements are to be regarded as reasonably adequate unless otherwise stated in the report.
10. The report shall either contain an expression of opinion regarding the financial statements taken as a whole, or an assertion to the effect that an opinion cannot be expressed. When an overall opinion cannot be expressed, the reasons therefor should be stated. In all cases where an auditor's name is associated with financial statements, the report should contain a clear-cut indication of the character of the auditor's examination, if any, and the degree of responsibility he is taking.
1. The examination is to be performed by a person or persons having adequate technical training and proficiency as an auditor.
2. In all matters relating to the assignment, an independence in mental attitude is to be maintained by the auditor or auditors.
3. Due professional care is to be exercised in the performance of the examination and the preparation of the report.
Standards of Field Work
4. The work is to be adequately planned and assistants, if any, are to be properly supervised.
5. There is to be a proper study and evaluation of the existing internal control as a basis for reliance thereon and for the determination of the resultant extent of the tests to which auditing procedures are to be restricted.
6. Sufficient competent evidential matter is to be obtained through inspection, observation, inquiries, and confirmations to afford a reasonable basis for an opinion regarding the financial statements under examination.
Standards of Reporting
7. The report shall state whether the financial statements are presented in accordance with generally accepted principles of accounting.
8. The report shall identify those circumstances in which principles have not been consistently observed in the current period in relation to the preceding period.
9. Informative disclosures in the financial statements are to be regarded as reasonably adequate unless otherwise stated in the report.
10. The report shall either contain an expression of opinion regarding the financial statements taken as a whole, or an assertion to the effect that an opinion cannot be expressed. When an overall opinion cannot be expressed, the reasons therefor should be stated. In all cases where an auditor's name is associated with financial statements, the report should contain a clear-cut indication of the character of the auditor's examination, if any, and the degree of responsibility he is taking.
Wednesday, November 11, 2009
Guide to IFRS 3 and IAS 27: Business Combination and Changes in Ownership Interests
I thought this material would be useful in studying the revised IFRS 3 and IAS 27
A Guide to Revised IFRS 3 and IAS 27 (from deloitte.com)
Sunday, November 8, 2009
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