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.

010 valix_book

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.

261 thoughts on “Financial Accounting I 2006 Edition”

  1. 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!

  2. 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.

  3. 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.

  4. 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.

  5. 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…….

  6. 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?

  7. 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.

  8. @ 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 🙂

  9. 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.

  10. 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.

  11. Hi, im havin a difficult time in financial accounting 2. Are there any other references you can suggest???

  12. 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

  13. 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…

  14. 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?

  17. 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!

  18. 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…

  20. 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.

  21. 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.

  22. 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.

  23. 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.

  24. astig talaga si idol Val! hehehe tagal na nating hindi naglalaro ng chess ah. gusto mo idaan n lng natin to sa chess? hehehehehe

  25. wag chess. mas matalino ka e. nba live 2004 na lang para fair. Lakers ako Bobcats ka parang yong first time nating naglaro.

  29. 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

  30. Mr. Valix ang galing galing mo talaga. Nag eextend ka rin ba ng loan? kunwari housing loan o kaya calamity loan

  31. Oo! Meron tayo jan 30% monthly interest pag binayaran mo monthly, at meron din 25% pag weekly nmn ang bayad! bwahahahaha!

  32. Hello,

    Ako po ay estudyante ng isang unibersidad sa pilipinas.

    Musta nyo na lng po ako kay Mr. Valix

  33. 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

  34. 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.

  36. 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

  37. 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!

  38. 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.

  42. ..how much po ang financial accounting volume 1???.. we’ve been waiting for the book…

  43. 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.

  44. anyone who have a answer key for advanced accounting volume 2 by pedro guerrero and jose peralta… thanx

  45. 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.

  46. 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

  47. 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.

  49. 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,,,

  50. 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=-

Comments are closed.