WorksheetsIce breaker 2 - Day 3
Total questions: 10
Worksheet time: 20mins
Republic Act No. 10963 is also known as...
Tax Reform for Accumulated and Incurred Liabilities
Tax Reform for Acceleration and Inclusion Law
Tax Reformed for Acceleration and Inclusions Law
None of the above
Who is our resource speaker for day 1 of Advanced Accounting and Finance Workshop?
Clue: She tackled about TRAIN Law
Ma'am Joan Toralba
Ma'am Joey Ann Toralba
Ma'am Joe Anne Toralba
Ma'am Jhoanne Toralba
It is the holistic process of recording and processing of all the financial transactions of a company.
Accounting cycle
Bookkeeping
Journalizing
Entry
One of the main duties of a __________ is to keep track of the full accounting cycle from start to finish.
Accountant
Business women
Clerk
Bookkeeper
The TRAIN Law has an impact on the take-home pay of individuals, prices of goods/services, and spending/consumption patterns.
True
False
It is not important to know the changes and consequences of the new law to ensure compliance and avoid tax risks and exposures.
True
False
It is an accounting concept that requires transactions to be recorded in the time period in which they occur, regardless of when the actual cash flows for the transaction are received.
Deferral
Accrual
Accrual basis accounting combines two key accounting principles: the matching principle and the revenue recognition principle.
True
False
Which of the following is not affected by TRAIN Law?
Spending patterns
Prices of goods/services
Take-home pay of individuals
None of the above
What does Mr. Ryan Paul Querubin tackled in his talk last March 24, 2022 during the 2nd day of our workshop?
Accounting Process and Financial Statement
His experiences as a public accountant
Accounting Cycle
General Accounting and Accounting Cycle
