About

Hi! My name is Kuya Joseph! Ako po ay isang Philippine Certified Public Accountant (since October 20xx). Ako po ay alumnus ng Royal and Pontifical Catholic University of Santo Tomas (Batch 20xx). Nagwo-work po ako dito sa states as an accountant at naipasa ko narin sa wakas ang CPA exams dito! Yay!

Kung nandyan lang ako sa Pilipinas, malamang ay nagtuturo ako pero since wala ako dyan, dito nalang ako sa blog magtuturo πŸ™‚

Please post your questions and I would be Β more than happy to answer them to the best of my abilities.

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  1. yatch17
    December 28, 2009 at 2:11 am

    yuyu..may ym ka po? pwede po ba magpadd?? eto po ym ko

    yatch_clyde17@yahoo.com

    salamat po..^^

  2. julianrey15
    January 2, 2010 at 7:31 pm

    kuya kuya!! πŸ˜€ accountancy student din po ako πŸ˜€
    paturo naman po nung discounting of own notes. yung interest bearning at non interest bearing, yung pag aammortize tska po yung mga entries na kelangan kase po sa wednesday ay exam ko na po sa financial accounting 1 πŸ˜€ naghahanda lang po ako.

    tska po kuya yung sa assignment of a/r yung mga meron pang conditional sales at secured borrowings. kase po hindi masyadong nadiscuss yun at natatakot lang po akong baka iexam din yun kaya papaturo po ako. ty po! πŸ™‚

  3. yatch17
    January 13, 2010 at 2:49 am

    yuyu..papost naman po ng discussion sa ForEx,Hedging at Derivatives…hehe..pati ung ngtuturo sa min di daw maintindihan to eh panu na lng kea kami.hahaha..haynaku..salamat po..^^ goodluck po sa AICPA exams..^^

  4. Elvin
    January 17, 2010 at 7:07 pm

    Hi kuya, ang ganda ng site mo mas lalo akong matuto dito at inspired sa pagaaral. Reviewee pala ako at magtatake ng CPA sa October 2010. I must admit na 2times refresher na ako ksi working ako. Pede bang magpaturo? Ano ba ung concepts ng computations ng mga accrued interest sa notes receivables at interest income. Kasi pag nababasa ako ng Financial accounting madali lng ung mga illustrations pero pag auditing problems na nakakalito ung mga computations. Ano bang concepts dun? Thanks kuya in advance, more power and God bless.

  5. Elvin
    January 18, 2010 at 5:33 pm

    Hi Kuyaseph, thanks sa explaination mo, kasi meron akong naguguluhang problem e. Okay lang ba po?

    On January 1, 2005, Rosalyn company sold goods to Miko company costing PHP 300,000 and receive in exchange a PHP 750,000 non-interest bearing note with a maturity date of January 1, 2009. The note has no ready market but an effective interest of 11% is considered appropriate for a note of this type which will approximate the inventory’s fair value at the time of sale.

    On July 1, 2007, Rosalyn Company which was in need of immediate cash discounted the note issued by Miko company to Clark Finance at 14%.

    Questions:
    1. Total Amount of income to be recognized in 2005.
    2. Carrying value of the note to be presented in Dec 31, 2006 Balance Sheet.
    3. Proceeds from the discounting of the note in July 1, 2007.
    4. Gain/Loss arising from the discounting of the note in July 1, 2007.

    Eto po kasi ung talaga hindi ko masolve kahit iapply ko na ung concepts ng notes receivables. Paki enlighten naman po ako baka mali mali talga ung concepts na naiisip ko.

    Thanks in advance.

  6. 3rdyramvstud
    February 12, 2010 at 9:45 pm

    kuya may follow-up po akong tanong sa Accrual to Cash (tnx!) nasa comment box

  7. 4th_Yr_AMV
    March 30, 2010 at 11:45 pm

    Kua, thank you s lahat ng tulong,,, IAC PA at graduation na…

  8. 4th_Yr_AMV
    March 30, 2010 at 11:56 pm

    Natapos n yung agony dun s paghihintay n lumabas yung grade s net…

  9. shazzy_rav
    June 6, 2010 at 9:03 pm

    hi po,
    nakakatuwa naman po itong blog site nyo dami kong natutunan! keep it up po, im currently reviewing sa CPAR – at the same time working po ako so malaking tulong ang pagbasa ko ng blog nyo habang nasa work.
    Thanks a lot! – God bless po.

  10. Gemma lyn Pasia
    June 16, 2010 at 8:24 am

    kuya joseph, question? what is the accounting treatment on savings deposit in a closed bank?

    • June 17, 2010 at 5:40 pm

      It depends kung anong mangyayari sa pera mo. Kapag sinabing may makukuha ka pa’ng amount, it will be treated as a Current Receivable. Usually may limit yun. Pag medyo minalas-malas at hindi umabot sa limit nila, i-dederecognize mo na yung cash mo dun. Pero pag ayun nga, may marereceive ka pa, treat it as a current receivable.

      • Gemma lyn Pasia
        June 24, 2010 at 5:06 pm

        kuya joseph, thank you very much. na inspire naman ako magreview uli. please keep it up. while im working, your website helps me a lot.

  11. Karmela
    June 18, 2010 at 12:12 am

    Kuya Joseph,
    wala lng..hahaha..pede mo ba me turuan sa nursing.hmm..mukhang maganda nga tong site na ito.I’ll suggest my friends who will be taking Accountancy this year.Goodluck.!Keep up the good job.dpat may aniversary ka or somthing like that.ingat ka lagi..see you soon..haahah..hmm..magaccountancy n lng din kaya ako..^_^

  12. darlene doctama
    June 22, 2010 at 9:54 pm

    kuya,
    paturo nman kung panu mgcompute ng outstanding checks and deposit in transit..

    thanks,..c:c:

  13. Ammeg Nyl
    June 24, 2010 at 5:25 pm

    hello kuya, just wanna tell you all also that i will recommend your website to my friends in accounting as well. thanks a lot again and more power. cheers!

  14. July 1, 2010 at 3:36 pm

    hi kuya, thank you po sa lectUre nyo tUngkol sa pRoOf of cAsh, dahil i pasS my quizZ in auditing, hehe, keEp it up,

    Marami po kayoNg naTuTulungan , g0dbleSs po :p

  15. Jonas
    July 4, 2010 at 12:37 am

    HI kuya JOSEPH.! Good Day..me tanong po ako..yung unrecorded po buh na check na collection ng company tsaka at the same time undeposited po xa,isasama po buh yun sa cash in bank balance..? panu po..? thanks.

  16. AbuXL
    July 8, 2010 at 1:29 pm

    Sir Joseph:

    Just logging in. Thank you..

  17. raquel poblador
    July 9, 2010 at 8:58 am

    hi po sir joseph .. or should i say kua joseph πŸ™‚
    salamat po sa lessons especially sa proof of cash . kakalito po kc ehhh . hehe’ mas madali qung naintindihan kc po taglish . hehehehe’ cge po .. salamat po .. wait nlng po 4 my further questions ( dami po ehh ) hehe’ GODBLESS ..

  18. raquel poblador
    July 9, 2010 at 9:02 am

    — I WANT TO BE LIKE YOU SIR :(( nakakainspire magaraL ! mejo hirap po kc aq ehh ..

  19. Camille
    August 4, 2010 at 6:25 am

    Hi po kuya! Finally nakahanap ako ng site kung saan pwede ako matuto at magtanong about sa accounting. πŸ™‚ Freshmen palang po ako. THANK YOU po sa inyo.Inspired ako. πŸ™‚ GBU

  20. Camille
    August 4, 2010 at 6:51 am

    Habang binabasa ko po lectures mo, parang kaharap lang kita at kausap. πŸ™‚

  21. Rainier
    September 9, 2010 at 6:51 am

    Kuya, tanong ko lang kung ung amount ba ng cash na makukuha ko sa statement of cash flows is same amount na dapat mag-appear sa entry ng cash sa balance sheet? Entrepreneurship student po kasi ako, bale sa business implementation subject namen pinapagawa kami ng financial report. Bakit din po di nagma-match ung amount ng cash na nakuha namin sa cash flow statement dun sa actual na pera na hawak namin? Okay lang po ba yun? Thanks!

    • September 9, 2010 at 8:19 am

      Yung amount na makukuha mo sa Cash Flow Statement (sum of Operating, Investing and Financing activities) ay dapat equal sa difference ng beginning at ending balance ng Cash account mo sa balance sheet. Ang purpose kasi ng CFS ay ipakita ang details about the changes in the balance of the Cash account.

  22. Rainier
    September 10, 2010 at 7:59 am

    Thanks kuya! Nakuha ko na rin sa wakas. Sa uulitin! Thanks again!

  23. October 3, 2010 at 11:39 pm

    hello kuya joseph… thanks sa mga TIPS na e binigay mo, about sa accounting… ^^

  24. 4th_Yr_AMV
    October 20, 2010 at 5:36 am

    thank you po s lahat ng tulong, from an amv student to reviewee to examinee and finally as passer CPA n rin ako sa wakas. =)

  25. elijah_james
    November 15, 2010 at 9:38 pm

    helow poh..

    ala po discussion sa cost

  26. JohnMichael
    March 16, 2011 at 5:56 pm

    Sir Joseph Im new here. πŸ™‚ I browse all the pages of this blog and I might say magaganda po ung lectures nyo and discussion. even if hindi nakakapagusap madami kami ( ako personally ) napupulot na kaalam d2 in prep sa Board. πŸ™‚

    Ask ko lang po how can I post may question ( MS and Audit Prob) para po madiscuss sa lahat. Thank you po. :))

    JM

    • March 18, 2011 at 6:24 pm

      Just Post your question in the “Queries” tab then sasagutin ko po!! πŸ™‚

  27. JohnMichael
    March 24, 2011 at 12:22 am

    thank you po sir joseph.

  28. JohnMichael
    March 24, 2011 at 12:43 am

    sir joseph or kahit sino po dito ask ko lang po kung may site ba sa internet na makakpagdownload ng IFRS/PAS. thank you po.

  29. luvrgurl
    June 9, 2011 at 9:13 pm

    Kuya joseph, pls. Help me nmn po about share split, dividends and stock rights.. if hindi po kau masiyadong buzy. I hope na makagawa po kau ng topic. About po dito. Naguguluhan pa rin po kasi ako. Thank u po and more power to you. Godbless πŸ˜€

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