It involves the recognition and non-recognition of business activities.

This involves assigning of peso amounts

It is a formal component. It involve interpreting the significance of the processed information.

It is the preparation of financial statements.

Sorting or grouping similar accounts into their respective classes (Posting).

Process of systematically arranging all transactions after they have been identified and measured.

It is measured when it is affected by estimates.

It is measured when it is not affected by estimates.

It is considered an accountable event when an economic event involves one entity and another entity.

It is considered accountable events when an economic event involves one entity only.

It happened in 8500 B.C. when tokens sealed in _______ represent commodities were found in Iraq.

These are considered as first form of bill of lading.

3600 B.C.: ______ recorded payment of wages and tracked costs of labor and materials used in building structures.

2286-2242 B.C.: It requires merchants trading goods to give buyers a sealed memorandum of the agreed price before it can be considered enforceable.

It is the knotted cords of different lengths and colors to keep accounting record used in 11th-14th Century A.D.

Quipu is originated in what country?

What era is when people are already doing accounting but still don't know what they do is accounting?

Where was the first evidence of bookkeeping found?

Who is the father or double-entry bookkeeping?

Who published the Summa de Arithmetica, Geometria, Proportioni et Proportionalita?

What is included in Luca Pacioli's Book?

What country introduced the submission of an annual fair value statement of financial position to protect the economy from bankruptcy?

Who is the author of the code Ordonnance de Commerce of 1673?

It is a document also known as "Code Savary".

Who is the first person to group similar transactions in a separate record and enter the monthly totals in the journal, rather than recording all transactions in a series.

It is the era where accounting is starting to develop.

Accounting is recognized as a separate profession.

Formation of accounting profession.

Who published the "The Model Chart of Accounts"?

When did the model of chart of accounts published?

United States Steel published consolidated financial statements.

US Incorporate Income Tax Law — deduction for depreciation charges in the calculation of taxable income.

Uniformity of Global Standards in Accounting.

(IASC) International Accounting Standards Committee was published.

Code of Ethics for Professional Accountants was released.

agreement of memorandum of understanding between FASB and IASB committing themselves to the convergence of US GAAP and IFRS is called what?

ASEAN Mutual Recognition Arrangements for Accountancy was signed.

Filipino accountants were recognized as Certified Public Accountants in the Philippines because of this law.

In 1923, there were ___ registered accountants in the Philippines.

What Republic Act replaced the 1923 law? Also known as The Accountancy Act of 1967.

It is known as The Revised Accountancy Law which replaced the 1967 law.

1975 | What is the meaning of PICPA?

1975 | It represent the CPAs in the Philippines.

1981 | ___________ was created in the Philippines.

It is 1987 Mandatory Guidelines for CPAs.

It is the existing law for the practice of Accountancy in the Philippines, replacing the 1975 law.

2004 | _______ replaced the ASC.

2013 | __________ replaced the CPE. in the Philippines.

What year did the CPD (Continuing Professional Development) law implemented?