A lengthy but interesting read about the biography of Washington Sycip and the history of SGV & Co. Referred to me by Marky.
Tag Accounting
The Big Four
It’s interesting to note how the Big 8 was cut down into the Big 4. Read how.
The firms were called the Big 8 in the 1970s and 1980s, reflecting the international dominance of the eight largest accountancy firms:
- Arthur Andersen
- Arthur Young & Company
- Coopers & Lybrand
- Ernst & Whinney (formerly Ernst & Ernst)
- Haskins & Sells (merged with the European firm Deloitte Plender Griffiths to become Deloitte, Haskins and Sells)
- KPMG (formed by merger of Peat Marwick International and KMG Group)
- Price Waterhouse
- Touche Ross
Accountancy-Related Youtube Videos
Deloitte Tax Level 4
DNN (Deloitte News Network) patterned to that of CNN. I like best the weather report.
Sarbane’s Oxley Film Trailer
What happens when you mix a little corporate misconduct with a lot of misconduct of your own? …Mistresses, Mergers & Mayhem! According to IMDb:
Sarbane’s Oxley is set against the backdrop of today’s top business headlines and highlights the lives affected by the acquisition of a Wall Street technology startup. Robert, a young attorney new to the Wall Street scene, must grapple with his inner conscious and the invisible forces of corruption surrounding him while dealing with the equally challenging and deceptive forces taking hold in his sordid love life
Funny Accountant – Rufus Payne
Accountants One’s 2006 Search for Atlanta’s Funniest Accountant. Rufus Payne, is the comedian/accountant in this clip
And finally, my favorite:
Purpose of Financial Statements
According to paragraph 7 IAS 1, Presentation of Financial Statements,
The objective of general purpose financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions.
Yeah, that’s right, it should be useful to a “wide range of users in making economic decisions”, and not to “an auditor in forming an audit opinion”.
You don’t make the financial statements a working paper to document your understanding of the business. Sometimes it pays when you just stick to practicality.
I hope I made myself clear.
Cebu CPAR Center
I didn’t know that such review center, Cebu CPAR Review, exists until of late. I’m not sure how they are related to CPAR in Manila, as they adopt the same name CPAR. But at least they have a website to offer some information about the institution, unlike its Manila counterpart and even the other review centers in Manila.
Browsing through the site, I’ve noted that:
- They are using Mambo as their CMS platform.
- It was their second batch that took the October 2006 exams.
- The roll of reviewers include former CPAR-Manila reviewers as well, namely:
- Jekell Salosagcol
- Hilario Tan
- Michael Tiu
- Almanzor Macmod
- Apolinario Bobadilla
The CPA Licensure examination is one of the most difficult professional examinations in the Philippines today. Considering the gap between your undergraduate preparation and this licensure examination, successful completion of the 4-year BSA Course could not guarantee your passing. It is therefore our great honor and pleasure to fill this gap, serve you and help you become a CPA.
