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Chapter 2 The Demands of Global E Commerce
Chapter 2 The Demands of Global E Commerce
Business planner
-involved in the preparation of master budget.
Economic Forecaster
-determines the profitability trend of the company.
Financial analyst
-evaluates the financial statements of the entity.
-determines the profitability, solvency, and liquidity.
Management consultant
-concern with productivity, cost control, customer service.
Systems analyst
-participates in the design, development, maintenance and control of electronic systems to
ensure that these are in accordance with the requirements for processing accounting
and financial information.
• Business knowledge
-includes economics, business statistics, quantitative methods, operations, management,
organizational behavior.
-other social and cultural courses in business which makes one understand how
business works.
Qualifications:
• a Filipino Citizen
• with good moral character
• has not been convicted of any criminal offense involving moral turpitude
• is a holder of the degree of Bachelor of Science in Accountancy
The Board of Accountancy has made salient revisions to the Philippine Accountancy Act of
2004.
Instead of one program, B.S Accountancy, three more programs will be opened:
BS Internal Auditing
BS Management Accounting
BS Accounting Information System
The graduates of these programs are required to take Level 1 Examination consisting of the
core of accountancy subjects:
Financial Accounting and Reporting
Advanced Financial Accounting and Reporting
Management Advisory Services
Taxation and Regulatory Framework for Business Transactions
This will be called Certified Accountant Examination. As a CA one can work in the
government or in private sectors or do public practice.
However, Auditing and signing of audit certificates and teaching accounting can only be
performed by passers of the Level II examination which is specialized in nature and is
called Certified Public Accounting Examination or Certified Professional Accounting
Examination.
The Accountants, before renewing their professional identification numbers, are required to
comply with RA 10917 otherwise known as the CPD Act of 2017 by attending accredited
seminars.
Career Opportunities
PUBLIC ACCOUNTING - Offers services to the public like bookkeeping, auditing, accounting,
tax and financial planning.
Auditor
-makes an independent review of the financial records of the firm and renders
an opinion as to the fairness of the firm’s financial statements.
Tax consultant
- skilled in tax matters and gives advise concerning tax.
Management consultant
-provides services ranging from accounting system analysis, design, review
and installation, financial planning, budgeting and cost controls.
Accounting Areas
• Cost accounting - deals with the recording, classifying and summarizing the details of
materials, labor and overhead necessary to produce and sell a product or service.
• Auditing - deals with verification and examination of the accounting records for the
purpose of giving an opinion on the fairness of the presentation of the financial
statements.