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CPA Resources - Accounting, Audit, Tax, and Business

 LEARNING ACCOUNTING:

Accounting Coach
An accounting site to help people throughout the world learn and refresh their understanding of basic accounting and bookkeeping at no cost. This free website contains explanations of major topics, Q&A, quizzes, and much more. Available additional option AccountingCoach PRO contains premium materials such as interactive exams, visual tutorials, videos, and more.

Accounting Verse
Accountingverse is systematically designed to provide useful information and resources in various accounting topics. Along with high quality lessons and tutorials, this site also provides featured stories and articles about accounting.

Accounting Simplified
Free online financial accounting study resources for beginners.

Accounting Explained
Free study notes of financial accounting, managerial accounting and related fields explained with examples.


FINANCIAL REPORTS FOR CASE STUDIES:

Philippine Stock Exchange EDGE - Free access to the financial disclosures of Philippine public companies and conglomerates traded in the Philippine Stock Exchange.

EDGAR Database of Online Corporate Financial Information - Free access to US companies registration statements, periodic reports, and other forms through EDGAR database. Useful for case studies and researches.


REGULATIONS AND SOURCES OF STANDARDS:

International Financial Reporting Standards (IFRS)
The website for the IFRS Foundation and IASB with the mission to develop International Financial Reporting Standards (IFRS) that bring transparency, accountability and efficiency to financial markets around the world. The work of IASB and the Foundation serves the public interest by fostering trust, growth and long-term financial stability in the global economy.

IAS Plus
The #1 site for global accounting news, resources and accounting updates. It contains latest publications, news and meetings of accounting standard setters in the world.

Journal of Accountancy
The Journal of Accountancy is the ultimate resource for today’s CPA, providing daily professional and regulatory updates, breaking news and videos.

Financial Accounting Standards Board (FASB)
The designated private sector organization in the U.S. that establishes financial accounting and reporting standards. FASB standards are recognized as authoritative by the U.S. Securities and Exchange Commission and the American Institute of Certified Public Accountants.

  Governmental Accounting Standards Board (GASB)
Working to establish and improve standards of US state and local governmental accounting and financial reporting that will result in useful information for users of financial reports.

Public Company Accounting Oversight Board (PCAOB)
The PCAOB is a private-sector, non-profit corporation, created by the Sarbanes-Oxley Act, to oversee the auditors of U.S. public companies to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.

Accountancy Age
Finance, business and accountancy news, features, advice and resources for accountants and other UK finance professionals.

Auditing and Assurance Standards Council (AASC)
The AASC is the body authorized to establish and promulgate generally accepted auditing standards (GAAS) in the Philippines. At present, AASC pronouncements are mainly adopted from the standards and practice statements issued by the International Auditing and Assurance Standards Board (IAASB). Country-specific standards and practice statements are developed to address specific auditing issues not covered by the IAASB pronouncements.

Philippine Institute of Certified Public Accountants (PICPA)
The PICPA is the accredited professional organization (APO) of CPAs by the Professional Regulation Commission (PRC) in the Philippines. Its objectives are : (1)To promote and maintain high professional and ethical standards among accountants; (2) To advance the science of accounting; (3)To develop and improve accountancy education; (4)To encourage cordial relations among accountants, and (5) To protect the Certificate of Certified Public Accountant granted by the Republic of the Philippines.

PRC Board of Accountancy – Expanding Horizons
Administering the profession that has acquired a global perspective. As the global professional environment unfolds, with the onset of the 21st century, accountancy continues its trailblazing efforts. It is the first among the Philippine professions to be included under the World Trade Organization’s (WTO) policy of liberalization of services. This means that Philippine accountants will be freely competing with in the global playing field against accountants from other parts of the world and will be able to hold their own.


GOVERNMENT LINK RESOURCES:

Bureau of Internal Revenue (BIR)
(Filipino: Kawanihan ng Rentas Internas)
The main powers and duties of the BIR are : (1) assessment and collection of all internal revenue taxes, fees and charges; and (2) enforcement of all forfeitures, penalties, and fines connected therewith, including the execution of judgments in all cases decided in its favor by the Court of Tax Appeals and the ordinary courts. It shall also give effect to administer supervisory and police powers conferred to it by the National Internal Revenue Code and special laws.

Department of Budget and Management (DBM)
(Filipino: Kagawaran ng Pagbabadyet at Pamamahala)
The DBM is an executive body under the Office of the President of the Philippines. It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and political development goals.

Securities and Exchange Commision (SEC)
(Filipino: Komisyon sa mga Panagot at Palitan)
is the agency of the Government of the Philippines responsible for regulating the securities industry in the Philippines. The SEC is an agency within the Office of the President of the Philippines.

Commission on Audit (COA)
(Filipino: Komisyon ng Pagsusuri, )
COA is an independent constitutional commission established by the Constitution of the Philippines. It has the primary function to examine, audit and settle all accounts and expenditures of the funds and properties of the Philippine government.
 
Government Service Insurance System (GSIS)
(Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan)
GSIS is a government owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 passed on November 14, 1936, the GSIS is mandated to provide and administer the following social security benefits for government employees: compulsory life insurance, optional life insurance, retirement benefits, disability benefits for work-related contingencies and death benefits. In addition, the GSIS is entrusted with the administration of the General Insurance Fund by virtue of RA656 of the Property Insurance Law. It provides insurance coverage to assets and properties which have government insurable interests.

Philippine Health Insurance Corporation (PhilHealth)
PhilHealth was created in 1995 to create a universal health coverage for the Philippines. It is a tax-exempt, government-owned and government-controlled corporation (GOCC) of the Philippines, and is attached to the Department of Health. It states its goal as insuring a sustainable national health insurance program for all. This social insurance program provides a means for the healthy to pay for the care of the sick and for those who can afford medical care to subsidize those who cannot. Both local and national government allocate funds to subsidize the indigent.

Social Security System (SSS)
(Filipino: Paseguruhan ng Kapanatagang Panlipunan)
SSS is a social insurance program for workers in the Philippines. It is a government agency that provides retirement and health benefits to all enrolled employees in the Philippines. Members of the SSS can also make 'salary' or 'calamity' loans. Salary loans depend on the monthly salary of the employee. Calamity loans are for such times when there is a calamity that has been so declared by the government, in the area where the SSS member lives, such as flooding, earthquake and natural disasters.

OVERSEAS FILIPINOS HELP & RESOURCES

OFW Guide - Contains OFW news, advisories from POEA, DOLE, DFA, overseas employment guides, updates on in-demand jobs abroad. Information about working abroad.

Overseas Filipinos - Guiding overseas filipino workers or OFWs and Filipino immigrants, linking them overseas and sharing their stories and challenges in search of a better life away from the Philippines.

Work Abroad - Overseas job openings for Filipino workers. Jobs abroad are posted by POEA-licensed agencies. Search and apply for overseas jobs online.

USEFUL APPS AND UTILITIES:

Witholding Tax Calculator - a utility found in BIR website used to calculate withholding taxes which is applicable to employees earning purely compensation income.


Wave Accounting Software - Wave is a free, online software alternative to Quickbooks. Wave helps manage invoices, credit card payments, accounting & payroll. Best for small businesses & freelancers.

Mint Money Manager - Manage your money, pay your bills and track your credit score. Mint.com a free web-based personal financial management service for the US and Canada. Mint originally provided account aggregation through a deal with Yodlee, but has since moved to using Intuit for connecting to accounts.
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