Stay in the know! Check out our recent articles.
A Hopeful Journey Ahead P&A Foundation Inc., PICPA and ACPACI, commence the 25th Search for Outstanding Accounting Students of the Philippines
The journey begins now, and it is a promising path ahead. The Search for Outstanding Accounting Students of the Philippines (SOASP) enters its 25th year to another momentous milestone as it celebrates and highlights outstanding accounting students nationwide.
New leaders. More vibrant future Ang probinsyano conquers the city
Few people have managed to realize their childhood dream of what they want to achieve when they grow up. Romualdo V. Murcia III had a simple dream. Born and raised in a sleepy town about 30 kilometers from Tagbilaran City in Bohol, with a fisherman father and a housewife for a mother, his goal was to step out of his island hometown and work in a decent company so he could support his parents, being the eldest of two children.
Let's Talk TP The real deal: Delineating transactions in transfer pricing
One of the first lessons taught in accounting is the concept of ‘substance over form,’ which posits that transactions recorded and presented in financial statements must reflect the economic and factual substance over their legal form. It may be said that substance over form precedes double entry bookkeeping; it is the nexus of all financial transactions and serves as a guide for financial reporters in understanding, recording, and reporting thereof. Even in tax cases, equity and law always exalt substance over form. It is the nature of transactions that determines the taxability of transactions.
BRP Opinion Anatomy of Philippine Poverty
At this modern time of general abundance in the world and, particularly, in our part of the world, we find our country with an incongrous incidence of widespread poverty.