Over the years I got very used to family and friends telling me they had no idea what I do for a living. When I applied for audit roles at accounting firms they also didn't know where I fit!
Accounting is concerned with collecting, analysing and communicating economic information (Atrill & McLaney, 2004, p1). However in order to develop a broader understanding of accounting and the central role it plays in society, we need to consider...
IFRS and GAAP Convergence has been a big issue in the Accounting world. Here are a few reasons why it won't be realized any time soon.
Audits aren't just about ticking boxes, a lot different skills are need to conduct them properly. One of the biggest skill sets you need are soft skills which can help make your audit results stronger
The convergence between U.S. GAAP and IFRS will put an end to the LIFO method of inventory valuation. The result will be tax implications for many companies, but also a more accurate representation of costs.
Valuation of a small or medium-sized service business can be difficult for non-finance professionals. In this article, we cover some very basic valuation methods for business owners to use in valuing their current business or when considering an acquisition.
That's why I wrote this friendly advice to all the Filipino moms out there who are still planning to enroll their kids in an Accountancy program and experience the life of an accountant. If you're a current mom or a mom-to-be, tell your kid to stay away from an accounting course.