ST.

JOSEPH THE WORKER MPC IS REQUIRED TO

SUBMIT THEIR FINANCIAL STATEMENTS WITH
THE SIGNATURE AND NOTES OF A CERTIFIED
ACCOUNTANT TO THE BIR AS REQUIREMENT.
SINCE THE COOP HAS NO PRIVATE
ACCOUNTANT, WHAT SHOULD BE THEIR
DECISION SO THAT THEY WILL COMPLY THE
REQUIREMENTS OF THE BIR AND THEY WILL
NOT BE PUNISHED BY THE BIR?
PICPA(PHILIPPINE INSTITUTE OF CERTIFIED
PUBLIC ACCOUNTANTS)

•An association of certified

accountants engaged in the various
fields of accounting.
4 MAIN SECTORS OF ACCOUNTING

ACCOUNTING

ACCOUNTING
PUBLIC EDUCATION
ACCOUNTING GOVERNMENT
ACCOUNTING

PRIVATE
ACCOUNTING
 BRANCHES PUBLIC OF ACCOUNTING

Public Accounting

Tax
External Preparation
Auditing and Planning
Service Management
Advisory Services
 BRANCHES OF PRIVATE ACCOUNTING

Private
Accounting
Financial Tax Accounting
Accounting

Cost Accounting Internal

Accounting Information Auditing
System
Budgeting
BRANCHES OF ACCOUNTING

Government
Accounting
BRANCHES OF ACCOUNTING EDUCATION

Accounting
Education
Forensic
Accounting
International
Accounting
Information
Technology
Services Environmental
Accounting
ACTIVITY
• Count 1 to 3.
• Group yourselves according to your numbers.
• Select one branch of accounting and perform
a role play showing their tasks.
ACTIVITY
• Count 1 to 3.
• Group yourselves according to your numbers.
• Select one branch of accounting and perform
a role play showing their tasks.
INTERNAL USERS-WHO MAKE DECISIONS ON
BEHALF OF THE ORGANIZE
• Managers/management- they plan, organize
and run a business
• Top-level management
• Middle-level management
• Lower-level management
• Employees/labor unions
• Owners
EXTERNAL USERS-WHO MAKE THEIR DECISIONS BASED
ON THE COMPANY’S FINANCIAL INFORMATION.
• Potential and existing investors
• Creditors and potential creditors
• customers.
• Suppliers
• Tax authorities
• Regulatory bodies
• public