Financial Accounting I 2006 Edition

June 12th, 2006 at 8:44 pm

Financial Accounting I 2006 Edition

A new version of “Financial Accounting I” has already been released by Atty. Conrado T. Valix and Jose Peralta. It incorporates the new standards: Philippine Accounting Standards, Philippine Financial Reporting Standards, International Accounting Standards, and International Financial Reporting Standards.

The book has a whole new different look.

It has been 5 years since I last used Valix’s book. It was like a bible during our review for the board exams. Surely, I missed those days when I was yet reading it from cover to cover.

The book can be described as concise but almost complete. Simple but full of information. The context is broad but covers almost every topic.

It seems a must that every reviewee hold a copy of this book during the review. Surely, Atty. Valix found his niche into the accountancy profession.

Accounting, Atty. Conrado Valix, Books, Financial Accounting, Valix

Categories: Accounting / Audit

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161 Comments

Jayson · August 5th, 2006 at 11:24 am #

i am from the university of san carlos we are alos advocates to valix’s book yet there is a need for us to know the answers for every chapter would you mind to tell valix to email me the answers of the book from chapters 1-8 because thats the chapter in which we have tackled already thanks. God Bless!
deuts · August 5th, 2006 at 2:56 pm #

Hi Jason, I appreciate very much you stopping by my website. As far as I know, during our review, Atty. Valix provides answer keys of his books to faculty members and others in the academe practice. You may want to approach any accounting faculty members about this. Sorry, I don’t have contact with Atty. Valix, even email.

Thanks again for dropping by.
Randy · August 17th, 2006 at 11:01 pm #

I am also a student from University of San Carlos Main Campus. I prefered to use the Financial Accounting books of Atty. Valix because we the students can easily understand the theory parts on this book rather than using the books of the other author.
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deuts · August 18th, 2006 at 1:12 pm #

Hey, thanks for visiting my site. I’m glad that we have a lot of accounting students here. Hopefully, if I have more time soon to blog, I’ll discuss about accounting. I mean, we can discuss about accounting. I actually already have topics in mind, and they are especially about the gray areas of accounting and auditing.

Well, if you have particular accounting issues to discuss, or maybe just any acocunting experience, you are welcome to post it here. You may register and post an entry for me to publish after a review.
Sheree · October 11th, 2006 at 10:35 am #

hi i came from University of Nueva Caceres and our qualifying exam is approaching i have to pass it to be able to continue to B.S. Accountancy……
Can you give me some reviewers and tips for my exam….. the coverage of the exam is from Basic accounting(101 and 102) and the financial accounting (volume 1& 2) Thank you…….
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deuts · October 11th, 2006 at 1:51 pm #

Tips? I think I’ve mentioned it already that Valix’s book is concise but complete. It is worthwhile to note of every statement he says in the book. They are very important. You might not find it important at first read, but I tell you, you’ll realize soon that after all you needed those information.

Thanks for dropping by my website, and by the way, where is Nueva Caceres?
Val · October 11th, 2006 at 5:57 pm #

That’s in Bicol Region. I cannot forget that university because it garnered second place in a National chess tournament among universities and colleges in the mid 90’s.

Speaking of tips, just reads ALL the books you may find in bookstores or libraries authored by Valix. Of course just read the latest editions.
deuts · October 11th, 2006 at 6:21 pm #

@ Val, so have you been there? What do you think will happen to the World Chess Championship Match in Elista? Score right now is 5.5 to 5.5? How do you think will the the Game 5 “forfeit” controversy be resolved? Tough question, hey? hehehhehe :)
Val · October 11th, 2006 at 7:33 pm #

To be honest I really don’t know. I hope those idiots will now come to their senses to resolve the controversy as soon as possible.
mike · October 12th, 2006 at 7:27 am #

hey, dumadami ang fans mo ah.

Can you suggest to atty valix to prepare a book on financial acctg based on US Gaap. Nakakatamad kasi magbasa ng american books eh.
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Carl Andrew Denusta · October 23rd, 2006 at 5:10 pm #

Hi, im havin a difficult time in financial accounting 2. Are there any other references you can suggest???
Chris Binas · October 23rd, 2006 at 5:15 pm #

Hi!!!! Im Chris Jomyrson Binas from Tagbak, jaro Iloilo City!!!! I am an aspiring accountancy students!!! I dont know much!!! got any tips??? I just failed the nursing exam and am taking up accountancy. thanx
Eman Amistoso · October 23rd, 2006 at 5:18 pm #

hey… I am from Central Philippine University… I just failed the qualifying exam for third year. This is going to be my 6th retake… I am having a difficult time with financial 1. It is just so hard… Can you tell Atty. VAlix to make it easier??? I feel so stupid…
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deuts · October 24th, 2006 at 10:08 pm #

First of all, to Carl Andrew, Chris and Eman, are you different persons? Because I noticed that you use the same ip address, or do you three share the same computer?
Gabz · October 25th, 2006 at 5:13 am #

Just dropping by. From Iloilo City.
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ruby · October 25th, 2006 at 8:31 am #

is there a new edition of financial accounting volume 2 of atty. valix…
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deuts · October 26th, 2006 at 3:21 am #

Sorry, I practically don’t have any idea if there are any volume 2 new edition. I don’t have any contact with Atty. Valix. Thanks for dropping by anyway!
ivy · November 24th, 2006 at 5:20 pm #

hi i’m ivy… from university of san carlos… wala lang… just wanna tell you how useful atty. valix’s book. We are using books of foreign authors and it’s just so amazing how atty. valix’s books help us to understand somewhat complicated topics since the books that we are using are under US GAAP…I’m very thankful that mr. valix was able to make such book…
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Sheryll · November 27th, 2006 at 10:20 am #

Hi, from what site can i get full version of updated SFAS? Thanks.
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deuts · November 27th, 2006 at 11:56 pm #

Do u mean PAS/IAS and PFRS/IFRS. Well, I’ve made some search in the past and I found out that they were not available anywhere (i.e., online). However, you can browse through some summaries of those standards in sites like the Deloitte’s IAS Plus.
Justin · December 14th, 2006 at 9:20 am #

Merry Christmas Sir!
I’m a student from Wesleyan University-Philippines in Nueva Ecija. I have studied your book in Practical Accounting. Is there a continuation of that book–something like Practical Accounting 2?
Anyway, I appreciate the flow of your explanation in your book. It helps me to solve different problems, specially in our examinations.
Sir, why don’t you come and visit Wesleyan? It is an honor for us to have a guest speaker in our next College of Business Administration and Accountancy Day.
deuts · December 14th, 2006 at 2:00 pm #

Justin, you should understand that this is my personal blogsite. I have no way of knowing whether Atty. Valix has ever read this post of mine. So I’m not exactly sure whether you have conveyed your message in the correct medium. Thanks for dropping by my site, though.
Val · December 15th, 2006 at 12:54 pm #

lupit mo! Napagkakamalan kang author. pero magaling ka naman e. Di ka naman magiging topnotcher sa board exam kung di ka magaling. kaya nga top 8 tawag sa yo di ba? Kaya nga bilib na bilib ako sa yo e. naisip ko nga sana makuha ko man lang kalahati ng galing mo kaya lang naisip ko naman e mas magandang lalaki naman ako sa yo kaya lamang pa rin ako siguro. hehe. peace.
deuts · December 17th, 2006 at 10:08 am #

astig talaga si idol Val! hehehe tagal na nating hindi naglalaro ng chess ah. gusto mo idaan n lng natin to sa chess? hehehehehe
Val · December 19th, 2006 at 8:04 am #

wag chess. mas matalino ka e. nba live 2004 na lang para fair. Lakers ako Bobcats ka parang yong first time nating naglaro.
xxxdemonxxx · January 15th, 2007 at 1:52 pm #

hi, i’m from university of baguio, wats wid this site, s dis a fans club of valix
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franz · January 16th, 2007 at 3:12 am #

Sir ang galing galing mo talaga sa accounting… Paturo naman…
deuts · January 16th, 2007 at 7:53 am #

Could you be so kind to to visit my About Page.
J.O. Tuvillo & Co. » Blog Archive » Search Keyword for Conrado Valix · February 2nd, 2007 at 4:04 pm #

[...] I have been wondering why so many students and other visitors were led to my entry regarding the book of Atty. Conrado Valix, Financial Accounting I 2006 Edition. Curiosity led me to investigate further, I found out that my blog ranked no. 1 in Google and Yahoo! searches for the keyword Conrado Valix, and no. 3 in MSN search. This post was originally posted in blogspot. Thank you for you time. [...]
ric · March 8th, 2007 at 9:37 am #

hey! mr valix.. ang galing mo,.. sana dagdagan mo pa ung mga problem mo sa investments(lahat ng investmnts) naguguluhan kasi ako,.. and pahirapan mo pa ung mga problem kasi po mahirap magbigay ng exam sa school namin,.. if ever po puwede po bang humingi ng mga sagot sa mga problems sa mga textbooks niyo sa finac1and2? hihntayin ko po ang repoly niyo
Val · March 8th, 2007 at 12:02 pm #

Mr. Valix ang galing galing mo talaga. Nag eextend ka rin ba ng loan? kunwari housing loan o kaya calamity loan
deuts · March 8th, 2007 at 6:16 pm #

Oo! Meron tayo jan 30% monthly interest pag binayaran mo monthly, at meron din 25% pag weekly nmn ang bayad! bwahahahaha!
Junnie · March 8th, 2007 at 9:16 pm #

Hello,

Ako po ay estudyante ng isang unibersidad sa pilipinas.

Musta nyo na lng po ako kay Mr. Valix
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vinz · May 22nd, 2007 at 11:10 am #

im planning to tek a review course 4 cpa exam next year @cpar manila..and yet im having my self review by now..can you please giv the books used by cpar for the review in all subjects..

tnx a lot
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deuts · May 22nd, 2007 at 11:16 am #

The accounting profession is experiencing a rapid change right now. The text books we used 6 years ago are kind of obsolete already. Maybe you should just ask from the younger ones. Hopefully, someone from here will respond to your request.
vinz · May 22nd, 2007 at 11:25 am #

k..tnx 4 da advise..kindly extent my tnx to atty valix his book rily helps me
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Khayesha · June 1st, 2007 at 6:49 am #

hi atty. im khayesha..incoming 2nd year college from San fernando, Pampanga, studying at East Central Colleges. i heard many things about you and your FINAC book,, they say that every problem are concise and easy to understand! It’s that true?? ehehe..i’m requesting to our Prof. to use your book for experience..anyweiz we do have financial accounting subject this sem. Can you give me some tips regarding on how to face this subject. Some techniques to be able to pass and the importance of Financial Accounting.. thank you so much.. Hopefully my request will merit your favorable kind consideration..Godbless
vamei · June 11th, 2007 at 8:41 am #

hi, im from Bicol University studying acctg. i juz wanna ask if can u giv me a copy of the answers of problems at the back of each chapter to serve as a reviewer for some student like us. This is because we have difficult time to have debate in our group when we find different answers in a problem.. tank u!
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kristine rayos · June 13th, 2007 at 5:31 am #

Hi,

Im already working but still want to take the cpa board but dont have time to attend review school that is y im planning to have self-review. Do you know how much the book cost? And whre can i buy these books? They are not available in National Bookstores.
deuts · June 13th, 2007 at 9:20 am #

yeah, I don’t think it’s available in the national bookstore. Check them out in Recto.
dhiyez · June 14th, 2007 at 7:08 am #

i have a volume 2 of financial accounting by atty. valix
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dhiyez · June 14th, 2007 at 7:11 am #

ahm… i need to learn more about financial accounting…
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beng · June 16th, 2007 at 9:21 am #

..how much po ang financial accounting volume 1???.. we’ve been waiting for the book…
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Hanalyn C. Tilos · June 18th, 2007 at 3:52 am #

The Caballes bookstore here in Negros Oriental used to have a financial accounting 1 book 2006 edition but they run out of stock. I really needed that book because our professor required us to do so. Even the new opened National bookstore don’t have that book. I hope there will be more production of financial accounting 1 2006 edition ,volume one by Valix and Peralta. Thank you.
dhiyez · June 19th, 2007 at 10:11 am #

anyone who have a answer key for advanced accounting volume 2 by pedro guerrero and jose peralta… thanx
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melward · June 20th, 2007 at 4:06 am #

It take’s me almost 30 minutes to read all your comments guys and im happy to hear na dami palang naka interest sa topic mo deuts. Bilib ako sayo.

To all the BSAccy student hu keep on asking answer keys on Valex books. Ask your respective proffessor. I know they hav 1. or else iba ang intent nyo para mangupya ng answer. gawain ko kasi yan dati eh kaya eto frustrated CPA. palaboy2x nalang sa kalye pagkatapos bumagsak sa exam. hehehe regards to all.
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deuts · June 20th, 2007 at 9:57 am #

Hi Melward, Oo nga eh, pinost ko lng naman dito how this book has been part of my life. Pero ewan ko ba kahit anong explain ko na wala akong contact ni Atty. Valix eh madami pa rin mga nag-iiwan ng message dito para sa kanya…hehehe
tam2 · June 21st, 2007 at 4:18 am #

Hana, tama ka, wala ng stock ng financial acctng. 1 2006 edition by valix and peralta. Sana makapagproduce pa sila ng maraming libro. KAILANGAN NAMIN NG FINANCIAL ACCTNG 1, VOL. 1, BY VALIX AND PERALTA, 2006 EDTION. PLS.PADALHAN NYO NG STOCK DITO SA DUMAGUETE CITY, NEGROS ORIENTAL.
ai-ai · June 25th, 2007 at 9:44 am #

sir, good day! your the man!
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Lyno7 · July 2nd, 2007 at 8:21 am #

hi.. im lyn from san pablo city laguna,, i’m an aspiring accountancy student and now i’m on my 2nd year and taking financial accounting.We are using the fin.acctg. book by atty. valix, can you give me some tips about tha subject,,,, thnx,,,
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marco · July 2nd, 2007 at 8:33 am #

hey man,whats up?
i was wondering if u could help me,im having a lot of problems regarding the presentation of the cost of goods sold section of the income statement for manufacturing,,
if the task is presenting the COGS section based on already existing accounts with determinable amounts,im very much alright with that..
but when it comes to filling some missing values on the COGS,thats when i start having some difficuties..
oh,im currently taking financial accounting part 1 at university of the east manila. thnx dude,,
and if you happen to be a music lover like i am,check out my band’s myspace page..its ay http://www.myspace.com/antropinehxc
-=hardcore still lives=-
einuj · July 7th, 2007 at 1:10 pm #

sir. i am student in uc, can u tell the tips on how to undrstand accounting easily? we are in financial volume 2 now and we are using the book of valix.
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Nancy · August 1st, 2007 at 8:25 am #

Good afternoon! Do you have Financial Volume 2 2006 edition and Theory of Accounts,Practical accounting 1 problem solving latest edition and how much it cost?
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angel · August 2nd, 2007 at 7:30 am #

the book is nice hehehe
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karina · August 7th, 2007 at 10:38 am #

hi,,,ang baho mo!!!!!pwede mo bang iplug tong comment ko!!!!!
Sacrament · August 15th, 2007 at 11:54 am #

perfect b ung book ni atty valix?
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mich · August 25th, 2007 at 11:50 am #

mahirap tlga accounting!! pero kung dream mo tlgang mging CPA…kailangan kayanin mo..”Ajah”..
masarap naman ang feeling when you get the right answers…hay daig u p nanalo sa deal or no deal..if banker offer me a big amount 2 give up accounting..sorry banker but “no deal…’
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mich · August 25th, 2007 at 12:00 pm #

Naku!!sir..actually ok p grades me financial…pero cost…aray!!!
buti n lng..lakas fighting spirits me…he he he..
ganyan tlga may pangarap eh..
…golf without bunkers and hazards would be tame and monotonous. so would life….
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mich · August 25th, 2007 at 12:08 pm #

to marco:
hi…with regards to your problem..bka skali lng mk2long…dpat memorize mo ung form ng COGS…when there are missing values, u have 2 work back…(squeezing)..sometimes equations are useful, mggamit mo dian ung wlng ktpusang..x&y..s math…u shld also take note d’ percentages given…mgbasa u prac.2 n antonio dayag at prac.1 ni valix…i think makaka2long un..dat’s all & good luck s acctng.
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mich · August 25th, 2007 at 12:16 pm #

to marco:
hi!bka skali lng mk2long.2ngkol s COGS, kailangan memorize u ung form…when der r missing values, sometimes u have 2 work bck.(squeezing), pwede rin u gmitin equation..s math ung x&y..suggest q lng book ni valix na prac.acctng1 at prac.acctng2 ni dayag..
dat’s all and good luck s acctng..kaya mo yan.
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romeo · August 27th, 2007 at 3:27 pm #

give me tips in depriciation topic!!!!!!!!!!!!!!!!!
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Patrick · August 28th, 2007 at 1:04 pm #

pwede po bang malaman kung ano ung e-mail add ni atty. valix?
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NiLe · September 1st, 2007 at 11:54 am #

whaaaaaaaaa…i’m from iloilo..ang hirap ng accounting…pamatay ang financial accounting especially yung part sa bonds at anu-anu pang payable……..hindi ko naman magawang mag shift ng course…eh di tiis na lang.hehehe
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NiLe · September 1st, 2007 at 11:56 am #

may alam ba kayong website kung saan pwedeng mag interconnect yung mga aspiring accountancy?
jigz · September 4th, 2007 at 8:59 am #

sir…i’m a BS accountancy student…can you ask atty. valix 2 pls provide us an answer copy of his accounting books. we badly need it for our study…with that, we will be able to contrast what we’d made and the right answer. thanx 4 having dis site sir…!
carlos valix · September 17th, 2007 at 2:26 pm #

hello bakit kahirap ng libro ni valix!! kakabuwang ha?? kamag anak ko p man din yan,hahah pero di ko pa xa nakikita e
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dhiyez · September 18th, 2007 at 11:05 pm #

hi… kung sino man po ang my care magturo sakin… sa accounting 3rd year na ko… hehehe ala ako natututunan pero gusto ko pa din matuto kahit nawawalan na ko ng pag asa… email nyo aman po ako… kasi gusto ko pa sumipag…. hirap po kasi talaga… tnx
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jm · October 1st, 2007 at 2:29 pm #

hi, im an acoountancy student from iloilo, grabe ang hirap talaga ng accounting subjects ko..
Mr. valix paturo naman ako! hirap talaga eh!
armie · October 14th, 2007 at 12:03 pm #

hi atty valix, i’m armie and i just want to ask how you can easily solve the problem and what is the easiest way to solve and analyze the problem…can you send me some tips to solve and analyze it…please…shennette_18@yahoo.com…or can you give me an wonderful advice…thank you bye…i will wait for your reply on my yahoomail…take care GOD BLESS!….ARMIE
joey · October 25th, 2007 at 2:11 pm #

hi atty, can u send me the answers of financial accounting 1.. i really love accounting because it is really difficult…
Rose Ann B. Torrizo · November 8th, 2007 at 7:39 pm #

hi…meron na po bang 2007 or 2008 edition ng advanced acctg. volume 2 by peralta and guerrer?
deuts · November 9th, 2007 at 9:05 am #

I’m sory I don’t have any idea.
zel bee · November 10th, 2007 at 9:19 pm #

please help naman ng tachnique para mas madali matutunan ang lessons from your book
……
not just for me but for the other studes din
Glen de guzman · November 13th, 2007 at 10:21 pm #

hi Atty Valex!I’m living in England and I’m n the university right now taking accounting course.di ko masolve ung cases ko sa repayments/amortazations kaya I need ur financial accounting Volume 1&2.hirap kasi nakalimutan ko na ung pinagaralan ko sa accounting sa luzon university.what s the latest edition, how much and where to get/buy them.I could ask my sister to buy for me and send it here.hirap kc intindihin mga aklat d2.i prefer ur books.

thanks and waiting for ur reply.
Reynaldo Laureto · November 21st, 2007 at 5:46 pm #

Atty, i want to review my ownself for the CPA board exam, would you recommend me a reviewer to use, i am working kasi kaya di ako maka attend sa mag review center.
Thanx!!!!!!!!!!1
Randy Rulf Radam · December 1st, 2007 at 4:39 pm #

Ang hirap magpaexam ung Prof namin sa investment property…I wish you will give additional examples of problem regarding this topic..
dose89 · December 4th, 2007 at 11:27 pm #

Sir…pwd ba mkahingi ng Copy sa mga answers sa FInACC2 by Atty. Valix???
I really wanted to get high grades on this, I want to understand it further . Maganda kc kng meH source pra mas maintndihan q at ma compare Ung mga sagot ko…. More Power! God bless!
dose89 · December 4th, 2007 at 11:30 pm #

p2LONG NMAn sa Bonds PaYable OHhh..any1????…..tnx…
Grace · December 9th, 2007 at 7:48 am #

hi!, maybe you can help me in this area. I need the newest version of Financial Accounting 1 & 2 of Mr.C.Valix. Also can you recommend a good book/author about Cost Accounting or Managerial Accounting? I am currently upgrading my Accounting degree here in Manitoba, Canada under a joint program by the government and CGA - Manitoba called “Internationally Trained Accountancy Program”. CGA (Certified General Accountants). This program are for new immigrants who meet and passed certain qualifications. I was able to get hold of the Financial Accounting 1 & 2 books of Mr. Valix & Mr. Peralta, 2000 edition. The books are easier to understand. I mean, straight to the point. If you can tell me where my relatives in the philippines can buy it. They are from makati. Somebody will be comming here before the year ends. PLEASE..also, the answer books??.. I am going to take the national board exam on March, 2008. I would really appreciate the help that you can extend to me.thank you very much..grace
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rachelle · December 11th, 2007 at 4:30 pm #

Hi guys!medyo weird lang kasi yung graduate na ng accountancy but still di pa nila alam kung anong anong importance ng acctg or kung san makakakuha ng sagot. TIP lang po. pra mapadali yung pagaaral nyo. sa FINANCIAL ACCTG 1 gamitin nyo yung kay valix na Theory of accounts, then saka kayo mag fin.acctg 1. or para praktisado magbasa kayo ng PFRS or IFRS. tpos pra sa mga problems gmitin nyo yung PRACTICAL ACCTG 1 ni valix, tpos yung REVIEWER naman ni UBERITA.mas maganda ang reviewer ni UBERITA ksi mas mahirap at lhat halos ng different ways ng pagsolve andun. pra naman sa FINANCIAL ACCTG 2 ni valix, gamitin nyo yung REVIEWER ni DAYAG.reviwer sya ng RESA ata. tapos para naman sa cost acctg REVIEWER din ni dayag. at para sa management advisory services, maganda yung reviwer ni EDLAGAN.mura lang lahat ng book na yan sa RECTO.book ni valix 400 pesos sa national bookstore. pero 180 lang sa recto.lahat yan eh basic lang.pero pag review na mas maganda kung mas mahirap na books.pra sure na makakapasa. gudluck
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henry · December 15th, 2007 at 10:15 pm #

i like this site!! Valix ang main topic taz mga tips..hehe..nakakuha tuloy ako ng mga tips..Ahm, may nabasa po ako ang Mga libro ni Valix hindi available sa bookstore? ay samin available kaso mejo late nga lang ung 2007 edition.. kaya sa maynila pa kami nag order. .I’m still a second year student..and we are using the book of Valix..Actually, tinatackle palang namin ang FINac I kahit 2nd sem na kasi super tutok, kasi daw one of the most difficult ang finac…and yes, ang theories nun e andun lahat sa theory of accounts, and ang short probs e andun sa Practical ACCtg. I, Valix din..o kung gusto mo din mahirapan and to see more difficult solutions get also the Pract I of UBERITA..tapos if you want more challenge acquire the book of MA. Elenita B. Cabrera,,,baka dumugo ung ilong mo sa sobrang hirap ng mga probs nia..hehe…
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nathaniel labitag · December 17th, 2007 at 9:20 pm #

CPAs are not born, they are made.. To become a CPA you need discipline, perseverance, diligence and sacrifice..
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Nathaniel Labitag · December 17th, 2007 at 11:34 pm #

“Be dead serious.. Resolve to become a CPA! If you are not serious, stop it! To become a CPA you owe it to yourselves. You must be honest with yourself. Am i dead serious?ask yourself. The formula is to be determined to become a CPA. Teachers see themselves in you but they do not matter. The core of the matter is you. Develop self-discipline. Be a CPA with or without a teacher. Avoid a quack mind. Don’t copy the work of others. Learning must be your own effort. I know that your parents are working hard for you. Think about them. They save every peso just for you to become a CPA. Wage yourself against your present situation. Society is against poor condition. Communicate with God. Your parents are proud to send you to school of Accountancy. Reciprocate them by becoming a Certified Public Accountant.”
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deuts · December 18th, 2007 at 10:09 am #

Very well said Nathaniel.
Mike · December 19th, 2007 at 7:06 am #

be serious(?) and have fun as well …hehe
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nathaniel · December 19th, 2007 at 10:36 pm #

..happy holidays everyone… pray always..
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sibat*01 · December 26th, 2007 at 7:10 pm #

ei, i just read your comments… i am inspired to the wisdom of nathaniel, and yeah, very well said… i feel so driven everytime i hear or read words of wisdom especially concerning things i can relate with.. i think, that’s what i need… and so with other students in here posting comments.. to all of us, accountancy students, good luck! may we all accomplish our individual goals… konting tyaga tyaga lang, worth it naman yang pagbagsak bagsak sa accounting eh, ang importante is you are learning from those failures… well, hanggang dito na lang, i feel for those who are studying miles from manila, kasi they cannot buy books abundant in recto… i hope you can find at least a way to buy books from recto, kasi ung financial accounting 1 and 2 and other books, always available yun.. i think it’s better if you buy ng maramihan… cge, if i can help, just post it here.. - sibat*01 ^_^
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khaye · January 6th, 2008 at 9:21 am #

Happy New Year Sir!!! ummh do you know the answers in the Problems of Chapter 1 to chaptr 4 FINAC Part 2 (2007 or 2008 edition) of Atty. Valix Book??? i really need the answers for confirmation if my answers were right.. besides my Prof usualy get our exams in the book of Valix..problems after each chapter..if you don’t know sir,, do you have contact with him?? i hope you will response.. Thanks a lot..Godbless
khaye · January 6th, 2008 at 9:30 am #

by the way ..anyone who knows the answers in the Problems found in the Fianncial Accounting Part 2 of Atty. Valix pls. send me the keys or just text me in my Number 09289526613.. even Chapter 1 to 4 only may do.. please i really need the answers …it’s really hard for me to answer them because our prof was not good in teaching.. he does not explain each chapter very well… when we enter his class,, he just give the xerox and quizers then that’s it..he even not teach us how to solve the problems..we’re now in Chapter 2,, almost done and i can say that nothing came in my mind.. ive never learned..this is my first time that i didn’t enjoy accounting..
khaye · January 7th, 2008 at 10:15 am #

elow mS. rACHELLE maRAVILLA..i got your message…hmmm thanks po pala sa pagshishare about kung san ko makikita yung mga answer keys.. Promise i will share your message to my classmates.. Yung bang Practical Acctg 1- dun makikita yung mga sagot sa Finac 1 ni Valix??? eh how bout ung mga sagot sa Finac 2 ni Valix san ko makikita??? sa Practical 1 din ba??? ehehe.. anyweix thanks again..and Godbless.. can i have ur email pala..tnx
deuts · January 7th, 2008 at 10:20 am #

How I wish I only knew how to contact Atty. Valix, so I can forward all your concerns to him, and respond to all your questions.
sibat*01 · January 8th, 2008 at 1:29 pm #

ei, u can see all the answers of financial accounting volume 1 and 2 in Practical accounting 1 of atty valix. it really helps studying practical accounting 1 not just of valix’s but also of uberita’s… by the way, i am still using those books because i am currently studying financial accounting part 2. i hope you guys have those books as early as now. auditing problems also will do if you have time and you are very dedicated to really learn.. i can post or send to you the answers if not for the hectic days to come… goodluck then! ^_^
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sibat*01 · January 8th, 2008 at 1:40 pm #

ei, sir deuts, you can contact him in his review school, CPAR. one of his co-workers is currently my professor in law on oblicon..huhu, we are kind of stuck in low grades with him (our prof) because he is treating us as if we are law students…well, i believe that that is for the betterment of our learning. but please give me some tips on how to pass this subject… i don’t want to take this subject for the second time next academic year.. i don’t want to take his removal exam either.. pls, i need some wisdom and thoughts about this matter… hehe. thanks sir! ^_^
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kenrick.ngo · January 8th, 2008 at 4:10 pm #

Hi, im ken form SGV and Co.

do you know where i can get a soft copy of Valix’s PA1 and PA2?

Thanks a bunch
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deuts · January 8th, 2008 at 4:16 pm #

Sorry I don’t have any idea. But for sure, if there will be one, it would be tantamount to unauthorized replication.
sibat*01 · January 9th, 2008 at 10:47 am #

yeah, our school has it in its library’s internet thing. only PA1 dude and i believe it (PA1) can only be accessed inside the school and i haven’t tried it yet. hehe. By the way, Valix has no PA2, only PA1. or maybe you were asking about FA1 and FA2? ^_^
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paul · January 9th, 2008 at 8:49 pm #

eh..ano-anong skul gumagamit ng kanyang libro?libro rin kc nya gngamit namin.yung volume 2 2008 edition iniba na.hindi n xa gaanong makapal.parang gnawa atang 3 volumes yung FA
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sibat*01 · January 10th, 2008 at 9:50 pm #

in our school kasi, mejo may discrepancy regarding the books. parang read what you want/can so long as makakakonek ka sa mga topics. in our case, pagdating sa accounting, our prof requires us to study (when i mean study, i mean really read, understand and solve) as much books as we can. most of the students in ncr, especially those accounting schools na nasa University Belt, more often than not, may mga valix books yan. yep, the financial accounting of valix is now divided into 3 volumes. dunno what happened, but i believe, it’s because of the demand. maraming bumibili eh, kaya ganun, more profit. if you get what i mean. hehe. un! i believe, pare parehas lang ang laman ng financial accounting books niya starting 2006. kasi ang alam ko 2005 pa nagkaroon ng amendments sa standards. hehe.. sige, gudluck ulit! keep posting. hehe. ^_^
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Paolo · January 10th, 2008 at 11:30 pm #

Thanks for making a review about the accounting book written by Valix. I’m looking for other accounting books written by Valix(the basic accounting books to be speific) because it’s my first year in San Beda College, Manila and I have difficulties of attending accounting classes due to schedule problems. I know that I can improve my grades if I’ll be able to get a copy of practical accounting 1 and 2. Can you tell me where to get a copy in Manila so that I will be able to make it in the qualifying exam( the qualifying exam, our professors said, was like a board exam that contains practical accounting 1 and 2). Thanks a lot. Your site is very useful.
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rachelle · January 11th, 2008 at 8:51 am #

sa recto, malapit sa feu. ang dami dun mura pa
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deuts · January 11th, 2008 at 10:00 am #

Thanks Paolo. I would be glad to provide a venue to discuss these things and somehow help the CPA aspirants and also the students.
sibat*01 · January 12th, 2008 at 6:41 am #

whoa, paolo. kapwa bedista mo ko dude! ^_^ sino ba prof mo?. hehe.
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Obeertym » Blog Archive » Welcome To Obeertym · January 17th, 2008 at 4:20 pm #

[...] Financial Accounting I 2006 Edition [...]
katy · January 20th, 2008 at 9:33 am #

Hi! I just wanna ask for help in choosing the right books/reviewers in all subjects. I am currently self reviewing right now because i have no time to take a formal review due to my work. I am planning to take the exam this october 2008. Is there anyone willing to help me? Please! thank you very much!
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Shervin · January 20th, 2008 at 9:02 pm #

Hi Katy, I am a coming reviewee of CPAR in Manila. I am also a self reviewing student because my school is not that competitive but my advice for books and authors are:
Auditing Problems - Cabrera or
Auditing Theory - Cabrera
Practical Accounting 1 - Valix or Uberita
Practical Accounting 2 - Guerrero
Commercial Law - Suarez
Taxation - Reyes
MAS - Cabrera
Theory of Accounts - Valix

Kukuha din ako ng exam this October, ang latest news is ihihiwalay na ang Taxation sa Business Law. So 8 board subjects na at nagpaplano na sila na magdagdag ng Marketing, Business Finance and Eco.
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Shervin · January 20th, 2008 at 9:12 pm #

Sir, Kailan po kayo nag exam? Can I have some tips about the board exam? What are the difficulties that I may encounter during the board, like time limit, is the time sufficient? Thanks a lot and more power
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katy · January 21st, 2008 at 9:41 am #

thank you very much shervin! Sa tingin mo, kasama na ung mga dagdag na subjects sa october exam?
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Shervin · January 21st, 2008 at 6:08 pm #

Yung marketing, business finance at eco ay matatagalan pa pero yung taxation daw this October na daw. Prof ang nagsabi samin nun kasi may access sya sa PICPA. Medyo mahirap pero goodluck sa atin.
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Shervin · January 21st, 2008 at 6:17 pm #

Pwede po ba magtanong sa board exam ngayon kung ilang items ang per board subject?
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sibat*01 · January 22nd, 2008 at 9:58 am #

whoa, auq ng economics… okay lang sa business finance, pero marketing?!? hmpf!!! sana di na ako abutin ng mga subjects na yan!! huhu, baka october 2010 ako magboboard exam, tingin niyo aabutin ko ung 3 subjects na maadd?!? hayyy.. thanks for informing anyway.. ^_^
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Mike · January 23rd, 2008 at 1:26 am #

@ shervin - si mr. deuts ba? no. 8 yan sa Oct 2002 CPA board at 1 sya sa mga malupet na CLMC auditor na naglalaro ng NBA live. ayos ba pre deuts.
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deuts · January 23rd, 2008 at 1:29 am #

@ Mike - Alangya! hehe Oct 2001 un, correction. hehe

Na-dissolve na ung CLMC auditor na naglalaro ng NBA Live eh…heheh
Mike · January 23rd, 2008 at 2:04 am #

oh sorry 2001 pala

at tsaka mahilig din yan mag-starbucks at mag-hangout sa OBT at sa …..hehehe ayos ba ulit pre?
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deuts · January 23rd, 2008 at 2:08 am #

OBT? Obeertym? Check mo ung obeertym.com. Project namin ni Franz yan. Yan na ang magiging website ni Franz.
Shervin · January 23rd, 2008 at 9:59 am #

Opo sir deuts. Pwede po ba humingi ng mga tips kung ano yung mga difficulties during the board exam. Ang galing nyo pala, no.8, mukhang makapasa lang mahirap na, mag rank pa. God Bless and more power
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Nhor · January 23rd, 2008 at 10:44 am #

hei sir??!!! …i’m fr MSU-Gensan Campus…juz wanna know wat it takes to be one of the circles of CPA’s….
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deuts · February 4th, 2008 at 11:05 pm #

To everyone, we have successfully transferred webhost. You may now continue posting comments in this thread.
Dolly · February 8th, 2008 at 12:10 pm #

Hi Deuts,
I like to have a copy of Valix Financial Acctg Vol 1 & 2. Been away for 3 years now so I dont know what is the newest edition. I have passed the board year 2003 and currently living in NZ now & working in one of the top accounting firm. I am trying to requalify and like to do a wee bit of reading of IAS (NZ is based on chartered acctg and just about to adopt IAS) As far as I know eh IAS basis ni Valix. Valix’s books were the one I used before and sabi mo nga nakabisa ko din ng cover to cover Color green and maroon pa nga noon).
roy · February 22nd, 2008 at 12:44 pm #

i am aspiring to ba a certified public accountant can you please give me some tips so that i can pass my course…practical accounting of mr. conrado valix is a big help from me were is this located? thank you very much….
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katy · February 23rd, 2008 at 8:05 am #

Good am! Ask ko lang po kung ano ang bagong Edition ng Basic Principles of Auditing ni Cabrera.
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zel · February 29th, 2008 at 1:47 pm #

Hi! good day sir valix. would you mine to provide me some example of Practical Accounting.coz ive heard from my office mas un daw tutukan ko
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bloop · March 11th, 2008 at 7:07 pm #

before i give you my question, i would like to ask for an apology if my question isn’t that too intellectual. i wanna ask you about what makes an accountant or may i say, for my part, an accounting student achieve his/her goal to be a great accountant?
deuts · March 11th, 2008 at 11:57 pm #

Hi Bloop, tough question here huh? :D

I think the keyword here is “focus”. For as long as you’re focused in your studies (as a student) and focused on your goals, no one can stop your from fulfilling your dreams!
althea · March 13th, 2008 at 6:29 am #

anu po ba magandang reviewer saka textbook for advanced accounting Part 2, ung my business combination? grabe kasi prof namen e,, di pumapasok tas yung books sa lib namen obsolete lahat pg advanced accounting na.. grrr.. help po.. maganda po ba yung kay DAYAG? tenx..
Shervin · March 14th, 2008 at 4:38 pm #

I am going to take the board exam this October 2008 and Ill have my review at CPAR. Kaya lang, wala akong kakilala sa Manila para makasama sa dormitory, kasi ang requirement nila eh 2 persons for 10,000, few steps away from CPAR lang ang layo nya. Meron ba rito?
ram · March 15th, 2008 at 11:42 am #

to shervin masyado namang mahal yung 5,000 kung ako sayo hanap ka na lang ng iba dyan na medyo mura. sang skul ka ba galing? why sa cpar mo gusto? email me. or what is your number para at least may kakilala ka sa manila
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EEEgr2pass · March 16th, 2008 at 11:00 pm #

tagal npo ako grad. 2001 nagtake exam sad 2 say i failed, already hav my refresher. my ave.68,70,73 ask ko lang ano po ba mga revisions? am i easily cope up with the review? PLEASE giv me advice , i work in phil. and tagal na kasi shift career in abroad still im not yet fullfilled and contented..JUST DROPPING BY please dont ignore,THANKS AND GODBLESS…
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ram · March 17th, 2008 at 5:43 pm #

tanong ko lang po kung ano bang book ang maganda sa practical accounting 2. kasi sabi nila guerrero sa book at dayag naman sa reviewer. ok yung kay dayag ang problem dun sa guerrero di sya tulad ng kay valix na halos complete with example ang dami pang typo. wla bang ibang book na pwede para sa prac 2 aside from kay guerrero? and sa auditing theory then meron ba kayong masusuggest na magandang book na simple lang pero concise parang kay valix. kasi yung kay cabrera nakakalula sa kapal at sa dami. prang di ko kayang basahin in just one month. since meron din naman akong binabasang ibang accounting books bukod dun. ano bang magandang way para matutunan lahat yung basic auditing theory?kasi wla tlaga akong natutunan dun nung undergrad.
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bachelorEEEgr2pass · March 18th, 2008 at 5:13 pm #

nag3 takes nako ng exam mula ng 2001 pa,nag refresher course na rin ako, my ave.67,70,73, if i take ulit what are my chances? ano po ba mga revisons? will i catch up with the review kung sakali? nakalimotan ko na lahat coz i change career… hope u read this, i need ur opinion..thanks and GODBLESS….
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Shervin · March 18th, 2008 at 5:51 pm #

To Ram eto number ko. 09275708910, or email me at virdelafuente[at]yahoo.com. Salamat sa tulong. Sa CPAR ako kasi all star yung reviewers dun tsaka nag enroll na din kasi ako. Im from Las Pinas College. May dormitory dun malapit sa CPAR, sa Rovelco. May room daw sila na aircon fixed 10,000, kung dalawa kami bali tag 5000 kami pero hiwalay din daw bayad sa kuryente. Pang 4 persons naman yung kwarto kaya ok na din, Gusto ko lang ng maluwag dahil kumpleto ako sa reviewers at textbooks kaya kailangan ko ng paglalagyan nito. Kaya lang hindi daw sila ang maghahanap ng makakasama sa room, kundi ako daw, kaya lang wala talaga akong kakilala na magboboard exam at magdodorm etong May. Kung sino man ang naghahanap din dito ng roommate, pasabi lang din sakin para maghati na lang kami. Salamat.
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Shervin · March 18th, 2008 at 5:55 pm #

Sa Practical 2, ang basic training yung kay P.Guerrero, at next stage yung kay Dayag, Mas maraming dagdag yung kay Dayag.
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zel · March 19th, 2008 at 10:49 am #

hi!

pwede bang malaman anu pinakmahirap na subject na itetake sa board exam sir.
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deuts · March 19th, 2008 at 10:59 am #

@Shervin, I suggest you don’t post your email address in a normal format if you don’t want more spam reaching your inbox. Tnx.
deuts · March 23rd, 2008 at 11:09 pm #

To all, what’s you opinion if I create a separate forum site for all these concerns, regarding the review, the book of Atty. Valix, review centers, accounting subjects, etc.?
Deuts.NET - Searching Conrado Valix · March 25th, 2008 at 1:27 am #

[...] too many people who maybe were lost in the cyberspace and found their way to my entry regarding the Financial Accounting I, 2006 Edition by Atty. Conrado Valix and Jose Peralta. These visitors are mostly students from schools in [...]
sweet · March 26th, 2008 at 12:52 pm #

i think that would be nice.. it would be a great help to all the accountancy students.. =)
ram · March 27th, 2008 at 7:23 am #

okay nga yun. pero pwede bang medyo upgraded? prang yahoo answers or sa friendster. yun bang pwedeng magpost ng questions then pwedeng bigyan ng sagot pero for that particular question. unlike here na pag may nagtanong kasi yung mga sumagot di mo agad makikita unless babasahin mo lahat and minsan di na talaga nakikita. kasi halo halo na. para yung ibang question dina nauulit. kasi sa question pa lang alam na nila na yun yung gusto nilang malaman. suggestion lang po.. sana wlang magalit.
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ram · March 27th, 2008 at 7:28 am #

and dagdag pa. another suggestion if pwede. kung pwede rin po bang may portion na parang pwede silang magask ng particular question sa accounting like problems. then kung sino yung gustong sumagot syempre sagutin nila, in that way na katulong na sa mga undergrads then review na rin sa mga graduate na nagrereview. pero ang problem nga lang dun pwedeng iabuse ng mga nagtatanong kasi baka gawing testbank na nila tong site na to. pero its up to them naman eh. kasi if i were them ipopost ko lang yung mga sobrang important questin na usually di nasasagot sa classroom. suggestion lang po
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jillian · April 5th, 2008 at 4:35 pm #

bakit ang taas ng price ng books ni valix??di ba pwedeng presyong recto na lang yung very affordable para sa mga students??at revise nang revised pareho lang naman yung content except sa iniba lang yung case number ng mga problems..di ba pwedeng mag revised na lang pag may mga nagbago na talaga??sayang kase yung iba kong books by valix dahil pinapagamit samen yung revised edition na talaga
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ailyn · April 23rd, 2008 at 8:15 pm #

hi im taking up management accounting.. i just want to know that the 2007 accounting 1 by valix…
ram · April 27th, 2008 at 2:46 pm #

ask ko lang kung anong book ba ang maganda sa auditing problems?yung simple lang at informative talaga di yung paligoy ligoy yung kay cabrera kasi nakakalulang basahin. tsaka ano rin bang magandang book sa prac 2 maliban kay guerrero
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eldi · April 29th, 2008 at 8:48 am #

..answer ng mga problems sa book ni valix i need it….financial acctg. volume 1&2
kein_2 · May 2nd, 2008 at 1:50 pm #

juz dropin by… m a 5th yr acctcy stud of MSU-MAIN… qualifying xams namin ds May 19-25.. AuditTheory, BLT, P1, P2, MAS, TOA.. GooodlUCk nalang… c u sa CPAR manila guys.. hndi pwede passed lang!!! dapat mag.top!!!! woooh!!! sisiw….haha
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noren · May 4th, 2008 at 4:30 pm #

ask ko lng po kung may branch ng cpar sa baguio at kung pareho din ang mga reviewer…thanks n GOD BLESS
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paul · May 5th, 2008 at 2:41 pm #

gumagamit ba ang san beda ng valix na libro?
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roy barrientos · May 8th, 2008 at 4:34 pm #

buks of mr. valix is very important i would like to ask if…. if we graduated in this course( magagamit ba namin ito in are work do we apply all of this n our work bcuz it is very dficult. but it is very chalenging jejeje thank you>>>>>>>>>>>>.>…>. i ned tips from mr. valix once again thank you.
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joey · May 23rd, 2008 at 2:07 pm #

hi, im from southwestern university one of the best accountancy school in the Philippines… i would like to inquire if is there any site for references for our accounting subjects…
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ana klarisa · June 4th, 2008 at 9:05 am #

hi, i’m from lyceum of the philippines-laguna. ever since i started my second year college in BS Accountancy, we are using Atty. valix’s books. it’s easy to understand than any other books. though there some topics that are not discussed thoroughly, (i guess..) . i am reading almost 75% percent of each chapter before i proceed answering activities at the last part, and it’s also a great help for me to have a copy of the practical accounting. Solutions and answers are greatly discussed. :)
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Bootsie · June 6th, 2008 at 5:42 pm #

Hi! I need help. Where can I buy Atty. Valix’s books (Financial accounting and Theory of accounts)?
deuts · June 6th, 2008 at 6:08 pm #

I think you can get it in bookstores along Recto St. in Manila.
ann zapata · June 12th, 2008 at 6:40 pm #

how much is the book?
dejay autriz · June 15th, 2008 at 12:30 pm #

hi. i’am a accountancy student of Mmsu Ilocos Norte and i need help for the financial accouncting 101… can you please send me a free lessons of acctg 101. thank you May the Lord Bless…..
ann · June 26th, 2008 at 7:59 pm #

i am a student of the university of san carlos also..i really like the approach that valix used in this book..it is very understandable..and it is really student friendly….
czr · June 27th, 2008 at 3:05 am #

hi. anyone know san ko makikita answer key ng advance accounting 2 by guerrero and peralta. there are some problems kasi na hindi ako sure kung tama ba pinag gagawa ko. sa practical accounting 2 ba makikita yun? thnkx in advance!@!
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sage · June 29th, 2008 at 3:19 pm #

i am from saint louis university.. we are currently using the financial acctg vol. 2 2008 ed. by valix n peralta… actually r descriptive title 4 dis is ACCTG 203 w/c is the last subject for financial acctg. ask ko lang po other reviewer books ng financial acctg? tnx.gb.
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rhea · July 1st, 2008 at 7:09 pm #

ahay.
patulong nman po s acctg.
eduardo · July 2nd, 2008 at 1:29 pm #

i am one of million dreamer to be an accountant someday and i’m so lucky that i passed my qualification exam in BSA…but sad to say that i felt concsious of my chosen career… it is not only what i expect…do hope that aside my self somebody can help me…thanks a lot, take care all of you.
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quinnie · July 5th, 2008 at 7:15 am #

according to my prof. accounting is very easy… do you agree????? oh my.. i do hope that one day i can say that too..
sage · July 15th, 2008 at 2:29 pm #

sir: kindly tell me wer can i find MAS reviewer by EDLAGAN or CABRERA kc po nagtanong aq sa kakilala q s recto n nagti2nda wla daw any other places to buy? tnx po. saya ng site na to marami aq nkuha na info bwt buks n pwede gamitin.
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sage · July 15th, 2008 at 2:58 pm #

those who like referrences in advanced acctg 2: G. DE LEON, N. DE LEON, MEJORADA, VIOLETA VICENTE, ANTONIO DAYAG… try to find their books in recto goodluckk…
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james · July 17th, 2008 at 7:06 pm #

elow bat ndi naapprove ung unang comment ko? kung sino man ang may volume 1 answer key ng kay valix e-mail nio ko.. rip3ck32@yahoo.com.ph.. trade tau ng answer key ng volume 2.. tnx..
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alvin of RSC · July 20th, 2008 at 7:10 pm #

WAHHHH!!!!….. FINANCIAL ACCOUNTING IS TOO HARD>>.. MANY THEORIES!!! HUHUHUHU