Globalization: a Challenge to Accountancy Profession

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Globalization: A Challenge to Accountancy Profession
Topics:
“ The Best Way to Prepare for the CPA Board Exam by Dr. Nelson S. Abeleda” •“ The Updates on Accounting and Auditing Standards by Ma. Jamillah S. Punay” •“The Response of Accounting Profession to Global Financial Crisis by Nimpa M. Magnaye”

“The Best Way to Prepare for the CPA Board Exam by Dr. Nelson S. Abeleda” According to him CPA is highest morality rate and it is demand in the industry. There are five ingredients to pass in CPA licensure: Confidence, Competence, Conviction. Determination, Faith. We must never entertain any doubt. We should have strong determination to be succeed with consistent. We may forget everything but Faith should not. We must believe when we pray. Have the review or take the exam immediately after graduating.

“ The Updates on Accounting and Auditing Standards by Ma. Jamillah S. Punay” Improvement to IFR’s
The International Accounting Standards Board (IASB) issued today Improvements to IFRSs - a collection of amendments to International Financial Reporting Standards (IFRSs). These amendments are the result of conclusions the Board reached on proposals made in its annual improvements project. The IASB decided to initiate an annual improvements project in 2007 as a method of making necessary, but non-urgent, amendments to IFRSs that will not be included as part of another major project. The IASB’s objective was to ease the burden for all concerned by presenting the amendments in a single document rather than as a series of piecemeal changes. The amendments issued today are presented in two parts: •those that involve accounting changes for presentation, recognition or measurement purposes (a list of standards affected by these amendments and the issues addressed is included in the notes following), and

those involving terminology or editorial changes with minimal effect on accounting. Unless otherwise specified the amendments are effective for...
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