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Cpd raise and enhances the technical skill and

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CPD raise and enhances the technical skill and competence ofthe CPAUnder the new BOA Resolution, all CPAs regardless of area orsector of practice shall be required to comply with15 CPDcredit unitsfor renewal of CPA license and120 CPD creditunitsto practice the accountancy professionA CPA shall bepermanentlyexemptedfrom CPD requirementsin renewal of CPA license upon reaching the age of65years butnot for the purpose of accreditation to practice the accountancyprofession.GENERALLY ACCEPTED ACCOUNTING PRINCIPLES(GAAP)GAAP represents the rules, procedures, practice and standardsfollowed in the preparation and presentation of financialstatementsIt developed on the basisofexperience, reason, custom, usage,andpractical necessityThe overall purpose of accounting standards is to identifyproper accounting practicefor the preparation andpresentation of financial statementsAccounting standards create acommon understandingbetween preparers and users of financial statementsApplicationThese activities are assessment if you understand that discussions we had.Though this will not be recorded, it will still form part of your class standing somake sure to accomplish the tasks given to you.Your tasks:a.Make a video of yourself defining ACCOUNTING according to thethree accounting bodies – ASC, AICPA, and AAA – and send yourvideo to my email account ([email protected]) or to ourmessenger group chat. Say your name at the beginning of the videobefore reciting the definitions.b.In your own words, describe and explain what youhave understandabout accounting and its overall objective. Write your answer in thebox provided below.9Downloaded by Ira Micka Columna ([email protected])lOMoARcPSD|10300237
FeedbackTheitemsbelow will bechecked and recorded asyour seatwork andquiz. Do well and enjoy!Choose the best answer among the choices.

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Term
Fall
Professor
teddy danguilan
Tags
Trigraph, Ira Micka Columna

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