Introduction
The purpose of accounting is to accumulate and report on financial information about the performance, financial
position, and cash flows of a business. This information is then used to reach decisions about how to manage a
business, or invest in it, or lend money to it. This information is accumulated in accounting records with
accounting transactions, which are recorded either through such standardized business transactions as customer
invoicing or supplier invoices, or through more specialized transactions, known as journal entries.
Once this financial information has been stored in the accounting records, it is usually compiled into financial
statements, which include the following documents:
Income statement
Balance sheet
Statement of cash flows
Statements of retained earnings
Disclosures that accompany the financial statements
Financial statements are assembled under certain sets of rules, known as accounting frameworks, of which the
best known are Generally Accepted Accounting Principles (GAAP) and International Financial Reporting
Standards (IFRS). The results shown in financial statements can vary somewhat, depending on the framework
used. The framework that a business eses depends upon which one the recipient of the financial statements
wants. Thus, a European investor might want to see financial statements based on IFRS, while an American
investor might statements that comply with GAAP.
The accountant may generate additional reports for special purposes, such as determining the profit on sale of a
product, or the revenues generated from a particular sales region. These are usually considered to be managerial
reports, rather than the financial reports issued to outsiders.
Thus, the purpose of accounting centers on the collection and subsequent reporting of financial information.
ACCOUNTING FIELDS
The accounting profession is generally divided into two categories: 1) private accounting and 2) public
accounting. Private accountants are employed by a business, while public accountants practice as individuals or
as members of an accounting firm. Public accountants are subject to strict government regulations and
requirements which are determined by each individual state where a license is granted. Private accountants on
the other hand require no licenses. They perform tasks which have been determined by their employer.
Accounting fields exist that specialize in very specific areas of a business. Examples are auditing, budgetary,
tax, social, cost, managerial, financial and international.
ACCOUNTING STATEMENTS
There are two basic accounting statements used by most businesses. The balance sheet presents the
assets, liabilities and owner's equity. Each account balance in the balance sheet is reported as of the last day of
the financial period. The income statement determines whether a net profit or loss was realized by matching
total revenue and expenses for a specific time period. A third statement is used by some businesses. It is the
statement of owner's equity which presents the changes which have taken place in owner's equity over the
period.
Background Information of Bachelor of Science in Accountancy
The Bachelor of Science in Accountancy (BSA) program is a five-year program focused on subjects in
financial, public, and managerial accounting, auditing, administration, business laws, and taxation. The program
also teaches students to integrate information technology concepts into business systems, to create a more
systematic and organized way of storing business-related data. Aside from business topics, BSA also equips
students with a basic understanding of computer programming an auditing systems.
Students who want to pursue degree in BS in Accountancy are encouraged to take the Accountancy, Business
and Management strand. This strand provides the basic concepts of business and financial management, and
corporate operations that will be helpful for college.
Subjects and Curriculum
Law on Obligations and Contracts
Business Laws and Regulations
Regulatory Framework and Legal Issues in Business
Management Science
International Business and Trade
Accounting Research Methods
Statistical Analysis with Software Application
Governance, Business Ethics, Risk Management, and International Control
Managerial Economics
Economic Development
Financial Accounting and Reporting
Conceptual Framework and Accounting Standard
Intermediate Accounting 1,2, and 3
Accounting Information System
Cost Accounting and Control
Admission Requirements
Qualifications
The students must be a high school graduate.
However, if they were not able to graduate high school, they may opt to take the Alternative Learning System
(ALS) and pass the Philippine Educational Placement Test (PEPT) to qualify for college, the availability of
course for PEPT passers depend on the university.
The students must pass th College Admissions Test of the university
Basic Requirements
Form 138 – High School Report Card (Original and Photocopy)
Recommendation letter from High school principal and guidance counselor
Most recent medical and dental health record
Copy of NSO Certified birth certificate
Certificate of Good moral character
Copy of honorable dismissal
Copy of high school diploma
(1) Latest 2”x2” ID Picture
Program Outcome
Graduate of BS in Accountancy are expected to.
Handle business issues and problems in global strategic perspective using the knowledge and technical
skills in financial accounting, cost accounting, and management
Conduct accountancy related research by properly using theories and methodologies of accounting
Use technology as a business tool in generating financial and non-financial reports
Maintain ethical practice and practice as an accountant.
On-The-Job Training/ Internship
During the fourth year of the program, students are required to attend an On the Job Training (OJT) in various
corporate and auditing companies.
Students are given the opportunity to apply their knowledge and skills in an actual work setting. Usually,
universities require them to submit a written report on their tasks, learning experiences, and hours rendered.
Their work performance will also be evaluated by their immediate managers and will be submitted to their
respective OJT coordinator. The number of hours required may differ in each university.
Board Exam
To become a Certified Public Accountant in the Philippines, a graduate of BS in Accountancy needs t pass the
Certified Public Accountant’s Licensure Examination. The examination is conducted by the Board bof
Accountancy under the supervision of the Professional Regulations Commission (PRC).
Career Opportunities
Graduates of BS in Accountancy may pursue a career path in various corporate and auditing companies. They
may for roles such as an accounting associate, audit staff, financial accounting and reporting staff, state
accounting examiner, state accountant and budget analyst.
Background Information of Accounting
Accounting practices have been used ever since the first farmer kept track of the number of sheep or
cows he owned and the first merchants tracked inventory and kept records of their profits and losses. From
these humble beginnings, accounting has grown to become one of the leading business sectors in the world
today. Accounting is a system by which financial information is identified, recorded, analyzed, summarized,
and reported for the use of decision makers. Put simply, accounting is the language of business.
An accounting system tracks all the financial activities of an organization (whether it’s a fortune 500
company, a small independent book publisher, a nonprofit theater, or a government agency), showing when and
where money has been spent and commitments have been made. This helps decision making by allowing
managers to evaluate organizational performance, by indicating the financial risks and benefits of choosing one
strategy over another, and by spotlighting current weaknesses and opportunities. It allows managers to take a
step back, look at the organization, and assess how it is doing and determine where it should be going.
Many accountants are employed by the Big Four, which are defined as the four largest public
accounting/ professional services firms. The Big Four is comprised of Deloitte, EY (formerly Ernst & Young),
KPMG, and PricewaterhouseCoopers. Accountants, however, don’t work just for the Big Four. They work for
public accounting firms of all sizes. Many others work in corporate accounting (from Fortune 500 companies to
“mom-and-pop” shops), in government accounting, and for nonprofit organizations. Some own their own
accounting firms. Others teach accounting and auditing.
Despite the variety and dynamic nature of the field, accounting has always had an image problem, stuck
in public opinion as a boring, tedious career loaded with math geeks who love crunching numbers but little else.
While elements of this stereotype may have been accurate in the past, they’re not true today. The basic
mechanics of accounting can certainly be tedious at times, but such functions are increasingly becoming
automated, with accountants focusing more on analysis, interpretation, and business strategy. This puts them at
the forefront of business today. Accounting firms are no longer looking for “bean counters”; they want highly
analytical and creative workers with excellent communication and teamwork skills.
Opportunities in the accounting industry exist at every career level, although accountants and auditors are the
prime movers in this field. They typically have at least a bachelor’s degree in accounting or a related field,
although an increasing number of companies require their accountants to have master’s degrees in accounting or
taxation. There are also opportunities for lawyers, computer professionals, and marketing workers, and in other
related careers. High school graduates can get started in the business working as accounting clerks and office
support professionals. The bottom line is that the accounting industry offers a variety of career options and
plenty of challenges, and the industry is expected to enjoy steady growth in the future.
The modern profession of the chartered accountant originated in Scotland in the nineteenth century.
Accountants often belonged to the same associations as solicitors, who often offered accounting services to their
clients. Early modern accounting had similarities to today's forensic accounting. Accounting began to transition
into an organized profession in the nineteenth century, with local professional bodies in England merging to
form the Institute of Chartered Accountants in England and Wales in 1880.
Some, the first name that might come to mind when referencing early accounting history is Luca Pacioli.
Pacioli described double-entry bookkeeping in his “Summa de Arithmetica, Geometria, Proportioni et
Proportionalita” back in 1494. While that may sound like a long time ago, accounting may have roots that trace
back even earlier. Accounting has been around for centuries. It’s a critical part of the business, record-keeping,
and life in general. The first record of accounting occurred thousands of years ago in Mesopotamia and has
evolved into the intricate element of business and life that it is today. Below is an informative guide that
explores a short history of how accounting has evolved over thousands of years.
Ynnah Marie B. Basco
Fr. Bañez St. Barangay 10, Bacacay, Albay
Cell # 09369367336
OBJECTIVES:
To be part of a company and to enhance my skills and knowledge
Educational Profile
Tertiary : Bicol University ( BU)
Daraga, Albay
2024-2025
Course: Business of Science in Accountancy (BSA)
Secondary: Zamora Memorial College (ZMC)
Bacacay, Albay
2020-2021
Strand : Accountancy and Business Management (ABM)
Primary : Bacacay East Central School (BECS)
Bacacay, Albay
PERSONAL PROFILE
Birthday : November 10, 2002
Age : 23
Religion : Roman Catholic
Gender : Female
Weight : 120 lbs
Height : 5’7
Civil Status : Single
Father’s Name : Marlon Basco
Mother’s Name : Purisima Basco
Table of Content
INTRODUCTION
RESUME
BACKGROUND INFORMATION OF COARSE
BACKGROUND INFORMATION OF PROFESSION
PERSONAL VITAE
Accountant
AREAS OF EXPERTISE
PERSONAL SUMMARY
A fully qualified Accountant who has a number of years experience in the
Maximizing cash flows fields of
Debt management Financial management reporting, taxation and cash flow. Ynnah has the
Monitoring budgets ability and willingness to take on financial leadership and is certain to be a
key member of any financial team that she joins. She is ambitious by nature
People management and keen to get to the top of her profession. One of her greatest strengths is
Credit control her ability to prioritize workloads to meet challenging deadlines. On a
personal level she has the ability to build relationships in a multi-cultural
Balance Sheet Reconciliations environment and across various offices. Right now she wants to join a
Account queries company who are keen to add an intelligent and enthusiastic individual to
their finance department.
Advanced excel skills
WORK EXPERIENCE
Smiths Accounts-Birmingham
ACCOUNTANT Jun 2023-present
PROFESSIONAL
Responsible for the full range of financial reporting carried out within all the
