BS in Accounting Technology
at Gordon College
Duration: 4 years
Tuition Fees: P 11,000-12,000 per semester
P 22,000-24,000 per year;
P 88,000-96,000 for the entire program (4 years).
Last updated: January 2015.
May not include all fees, and can change at any time.
BS in Accounting Technology in the Philippines
The BS in Accounting Technology program centers on the basic accounting skills, as well as business and finance skills that will help students pursue careers in bookkeeping, auditing, tax preparation, and business analysis. This program is designed to equip students with knowledge, skills and values that will make them competent professionals in the field of accounting.
Some of the subjects taught in this course are:
Fundamentals of Accounting
Cost Accounting & Cost Management
Microeconomic Theory and Practice
Macroeconomic Theory and Practice
Business and Transfer Taxes
Principles of Management and Organization
Principles of Marketing
Technical Writing: Business
Computer Application for Accountants
Accounting Information Systems
This program is taught through classroom-based frontal instructions, case studies, projects, group activities, as well as other ways (e.g., hands-on training on accounting software; exercises on situational problems) to simulate actual work situations. Is Accounting Technology a profession?
Yes, Accounting Technology is a profession. A graduate of BS in Accounting Technology who passed the Certified Accounting Technician (CAT) Exam can work as an accounting technician whose job involves valuable accounting-related jobs such as assisting with the preparation of accounts, bookkeeping, monitoring company expenses, and managing staff payroll. Graduates can also work as bookkeepers, audit staff, accounting clerks, or financial controllers. What are the admission requirements for BSAT?
Requirements at each school may differ, but these are the common requirements: Must be a high school graduate.
Those who did not complete high school education may opt to first attend Alternative Learning System (ALS) and pass the Philippine Educational Placement Test (PEPT) to qualify for college. However, some universities only offer selected courses for PEPT passers admission. Must pass the college entrance examination
Must pass the qualifying test implemented by the Accountancy Department of the school Must pass the interview conducted by the college / university admission officer Medical laboratory results and health certificate
Good Moral certificate from the previous school (sometimes from enrollees Barangay) Some schools require a particular rating in the National Secondary Assessment Test (NSAT)
What skills will help you succeed in this course?
Being comfortable with numbers – accounting is all about numbers. You will be working with numbers all the time so being comfortable with that is a must. Being organized and punctual – in bookkeeping and accounting everything needs to be just right, all the numbers need to be correct and being organized and orderly is a big plus. Basic mathematical skills – you just need to have basic computational skills and be equipped with a strong foundation of basic mathematical concepts in order for you to solve problems. Problem solving – the ability to discern the nature of the problem, link the different information and data at hand in order to arrive at the best solution, as well as the ability to evaluate the different applicable solutions available. The ability to quickly learn how to operate software – most tasks related to accounting are done with the use of specialized software. English skills – the ability to read, write, and communicate well in English is necessary because most of the technical literature and required reading materials are in this language. Interpersonal skills – the ability to communicate and interact harmoniously...
* IT Governance- the process of controlling an organization’s IT resources which include information and communication systems as well as technology. Also requires controlling the IT process to ensure that it complies with regulatory, legal and contractual requirements.
* Objective of IT governance- set strategies for IT so that it is closely aligned with organizational goals and to use IT for maximum opportunity but minimum risks.
* Two parts of IT governance- use of IT to promote an organization’s objectives and enable business process and managing and controlling IT-related risk.
* Enterprise Governance- the process of setting and implementing corporate strategy, making sure the organization achieves its objectives efficiently and manages risks.
* IT governance is an increasingly important part of enterprise governance because of org’tional dependency on info and comm.
* Information Systems Audit and Control Association (ISACA)- established IT governance institute
* IT Governance Institute- exists to clarify and provide guidance on current and future issues pertaining to IT governance, control and assurance.
* Engaged in projects including development of CobiT and COEG( control objectives for enterprise governance.
* Largest professional org of IT auditors.
* Research arm- Information System Audit and Control Foundation- conducts research and issues publications that...
...Effects of Technology on the Accounting Profession
Effects of Technology on the Accounting Profession
University of Phoenix
ACC/340 Accounting Information Systems
Effects of Technology on the Accounting Profession
Businesses have become more competitive, consumers are more informed, and technology has changed the way the world communicates. Informationtechnology (IT) and the resulting ‘information age’ are continuously impacting every facet of accounting. (Bagranoff, Simkin, & Strand-Norman, 2006) This paper will examine how accounting information systems (AIS) are bringing about changes within the accounting profession. Additionally, a variety of technologies and how they affect accounting practices at Exclusively Yours Salon will be discussed.
Accounting Information Systems and the Accounting Profession
Today’s business environment is marked by increased competition and the need for better and faster information for decision making. According to Bagranoff, Simkin, and Strand-Norman, 2006:
Because IT now captures transactions, AISs can produce financial statements almost in real time. Of course, some of the adjustments that accountants must make to the records are not done minute-by-minute, but a business can certainly track sales and many of...
...Introduction to AccountingAccounting is a profession used to make financial and business decisions. Billions of dollars exchange hands every day, in millions of separate business transactions. These are recorded and reported on using a comprehensive set of guidelines, referred to as Generally Accepted Accounting Principles (GAAP).
Brief History of AccountingAccounting was born before writing or numbers existed, some 10,000 years ago, in the area known as Mesopotamia, later Persia, and today the countries of Iran and Iraq. This area contains the Tigris Euphrates river valley, a large fertile area 10,000 years ago with a large thriving population and active trading between towns and cities up and down the two rivers.
Writing and numbers would be not be invented for about another 5,000 years. And what happens next will directly lead to the invention of both writing and number systems.
At that time, merchants faced many of the same problems businesses face today. They had to ship their merchandise up and down the rivers, and that meant trusting a boatman with their goods. Unfortunately, not all boatmen were honest, and disagreements often arose about how much was shipped versus what was received at the other end.
It is hard for us today to imagine a world without writing and numbers. Try to imagine yourself in their position.... what would you do?
To deal with the problem, merchants came up with an...
...affect the company such as asset losses due to theft and spoilage, accounting errors and their consequences, revenue losses, expense overruns, business interruptions, fraud and embezzlement, fines and penalties, civil liabilities and losses of competitive advantages.
In addition, the specific of the objectives of internal control includes ensuring the integrity and reliability of the financial reports, ensuring compliance with applicable laws, regulations, professional’s rules, and contractual obligations and promoting strategic, tactical and operational efficiency and effectiveness. This components of effective internal controls processes are the control environment that represents overall atmosphere in which the employees operates with the code of conduct and procedures in the organization, risk assessment, controls activities which is the policies and procedures that helps to ensure the management directives are carried out, information and communication and monitoring.
If you were hired as a forensic accountant to perform the investigation on this scenario, discuss the objectives of forensic accounting and identify the relevant knowledge and skills that you should have?
Forensic accounting is the application of investigative and analytical skills for the purpose of resolving financial issues in a manner that meets standards required by courts of law. Forensic accountants apply special skills in...
...ACCT1046 TUTORIAL ACTIVITIES - TOPIC 5
Artful Antiques has provided the following information that relates to the financial year ended 31 March 2013:
Accounts payable Accounts receivable Accrued wages Accumulated depreciation - Equipment Accumulated depreciation - Vehicle Capital- A. Frank Cash at bank Cost of goods sold Equipment (at cost) General and administrative expenses Interest income Interest expense Inventory Loan (payable in December 2014) Prepaid insurance Prepaid rent Rent expense Sales Selling expenses Vehicle (at cost)
13,000 9,000 3,000 8,000 4,000 76,600 23,000 80,000 20,000 5,000 1,000 2,000 48,000 25,000 3,600 4,000 40,000 170,000 17,000 21,000 25,000
I Wages paid
• • •
The prepaid insurance relates to a 12-months insurance policy that was taken out on 01 November 2012. The prepaid rent relates to the monthly rent on Artful Antiques' retail outlet in Flemington, which is paid in advance on the 15'" of each month. Depreciation for the year ended 31 March 2013 has not been recorded for the equipment which is being depreciated using the straight-line method over 10 years (wrth zero residual value), nor for the vehicle which is being depreciated at 10% per annum using the reducing balance method. The sales figure includes an amount of $6,000 that was received in advance for goods due to be delivered in April 2013.
(a) Prepare a classified Income Statement...
...Technology is constantly increasing and invades every aspect of a person's life. Accounting professions are no exception and even more so are affected by the information systems that are used within the accounting field. This paper will describe how information systems are changing the various aspects of the accounting profession and include a description of a variety of new technologies and their effects onaccounting processes. In addition, this paper will discuss how these technologies have changed the way accounting is performed within the insurance industry at Allstate followed by a conclusion that recaps the major points of the paper.
A shoebox filled with receipts, an Excel spreadsheet, a Peachtree software suite, and other company integrated accounting programs are all examples of accounting information systems. Accounting professions no longer have to use a paper and a pen to complete tedious calculations, but accounting information systems do not only apply to computerized programs that manages accounting information. As stated previously, a shoebox is such a system. Technology though has had a large impact on both the accounting professions and the accounting information systems that accountants use.
PDA's, cell phones, web conferencing,...
...The Effects of Technology on the Accounting Profession
ACC340 / February 16, 2015
There are several advancements in technology that has allowed companies from all different sizes to keep accurate financial data and records as well as decrease or as far as eliminate paper records. Technology has really advanced the accounting field by allowing the ability to process and interpret financial information more effective and efficient. Since technology has advanced with the introduction to the internet, companies now have the options have the ability to grow and expand beyond its region, and create new opportunity to expand internationally. New programs have been developed to assist in the internal operations and profitability. There is also the development of new software, which can help and meet the needs of the industry.
Changes in Accounting and TechnologyTechnology over the course of the decade has provided a valuable tool that helps companies and individuals who manage the finance of a company. Microsoft introduced the program Excel that has helped accountants to use electronic spreadsheets, verses using paper and pencil in manual entries which in turn minimizes error. With the advancement of software there are programs such as Quick Books and also Microsoft Money. Smaller companies now able to track and manage the business for efficiently. This...
...difficulty in defining this concept
The concept of prudence and its conflict with neutrality
The conflict between relevance and reliability.
Most of the times, people find it difficult to understand the various accounting Concepts. In this coursework, I shall analyze these concepts and explain them. First of all I shall discuss the materiality concept.
WHAT IS MATERIALITY?
Authoritative accounting bodies in the USA such as Financial Accounting Standard Board (FASB), Securities and Exchange Commission (SEC), General Accounting Office (GAO), American Institute of Certified Public Accountants (AICPA) and in the international arena, The International Accounting Standards Committee (IASC) have contributed to clarify the materiality concept. FASB Concepts Statement No. 2, Qualitative Characteristics of Accounting Information (1980) defines materiality as follows:
“The magnitude of an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information would have been changed or influenced by the omission or misstatement” (Para. 132).
Also according to the ‘introduction to accounting and finance’ textbook by Geoff black in the second edition, ‘materiality refers to the significance...