Best Accounting Books Philippines 2022 (w/ Free Discount)
Here’s a list of top accounting books for sale in the Philippines…let’s check it out.
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1. Fundamentals Of ABM
Price: ₱
Fundamentals Of ABM is designed to develop students’ appreciation of accounting as a language of business and an understanding of basic accounting concepts, principles, and procedures that will help them analyze business transactions. It includes stories, anecdotes, and case studies from the Philippine market.
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Cover Type: Soft Cover
Customer Ratings: 5 out of 5 stars
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2. Cost Accounting & Control
Price: ₱199
Cost Accounting & Control is presented from the perspective of both the preparer of information as well as those who will use the information. This allows both accounting majors and those students planning other careers will appreciate the issues in preparing and using the information.
A cost accounting text that lets the student see the development of cost accounting tools and techniques as a natural response to decision making. By learning this intuition, students will have an easier time understanding new developments that arise during their careers.
Book Color: Red
Author: Norma De Leon
Customer Ratings: 5 out of 5 stars
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3. Intermediate Accounting Book Set
Price: ₱540–₱740
Intermediate Accounting Book Set provides a review of Introductory Accounting concepts and covers all topics essential to a first-level Intermediate Accounting course.
Topics ranges from the conceptual framework and current landscape of financial reporting; statements of financial position, comprehensive income, cash flows, and shareholders’ equity; cash and receivables; revenue; inventory; property plant and equipment; intangible assets; and intercorporate investments.
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Cover Type: Soft Cover
Customer Ratings: 4.9 out of 5 stars
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4. Conceptual Framework & Accounting Standards
Price: ₱280
Conceptual Framework & Accounting Standard overs the description of the Accountancy Profession, the Conceptual Framework, an introduction to preparing financial statements, and a concise discussion of all Philippine Accounting Standards or PAS and Philippine Financial Reporting Standards or PFRS related to financial accounting.
Author: Conrado Valix
Book Cover Color: Black
Customer Ratings: 4.9 out of 5 stars
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5. Financial Accounting & Reporting
Price: ₱459
Financial Accounting & Reporting are supported by illustrations and exercises, the book provides a strong balance of theoretical and conceptual coverage. students using this book will gain the knowledge and skills to help them apply current standards, and critically appraise the underlying concepts and financial reporting methods.
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Author: Zeus Millan
Customer Ratings: 4.9 out of 5 stars
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What are the different types of accounting books?
There are three main types of accounting books: the cash basis book, the accrual basis book, and the modified accrual basis book.
1. The cash basis book
The simplest type of accounting book. Transactions are recorded when cash is received or paid out.
2. The accrual basis book
A more complex system, and records transactions when they are earned or incurred, regardless of when the cash changes hands.
It provides a more accurate picture of a company’s financial health. Transactions are recorded when they occur, whether or not cash has exchanged hands.
3. The modified accrual basis book
A combination of the two systems. It records transactions when they are earned, incurred, or paid out, depending on which system gives the most accurate representation of a company.
It is more accurate than the cash basis book but less complex than the accrual basis book.
How to use your accounting book to improve your business
Every business owner knows that bookkeeping is an important part of their job. But what many don’t realize is that their accounting book can actually help them improve their business. There are a number of ways you can use your accounting book to your advantage, and we’ll go over a few of them in this article.
One way to use your accounting book to improve your business is to track your expenses. By keeping track of your expenses, you can see where you’re spending the most money and figure out ways to reduce your spending. You can also use your accounting book to track your profits and losses. This will help you figure out which products and services are most profitable and which ones are not.
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Things to look out for Accounting Books:
There are a few different ways to use your accounting book to improve your business. One way is to use it as a budgeting tool. When you track your expenses and income on a regular basis, you can see where you are over-spending and where you can cut back. This will help you stay on track with your budget and improve your overall financial situation.
Another way to use your accounting book is to track your inventory. This will help you keep track of what items are selling and what items are not. This information can help you make decisions about what products to stock in your store and how much of each product to order.
Why use accounting books?
Bookkeeping is the process of recording financial transactions to keep track of a company’s financial position. There are many reasons why businesses would want to keep track of their finances, but the main reason is to make sure that the company is making a profit.
There are many different ways to record financial transactions. The most common way is to use accounting books. Accounting books are a system of records that track the inflows and outflows of money for a business. They are used to calculate a company’s profit or loss and to track how much money is owed to or by the company.
Businesses use many other records to track financial transactions. These include bank statements, invoices, and purchase orders. All of these records help businesses keep track of where their money is coming from and where it is going.
What to look for in an accounting book
When you are looking for an accounting book, there are a few key things that you should keep in mind. The first is the level of detail that the book provides. You want to find a book that will give you all of the information that you need to complete your taxes.
The second thing to look for is the ease of use. You don’t want a book that is difficult to understand or that is full of complex terminology. The third thing to look for is accuracy. Make sure that the book has been updated for the most recent tax laws.
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How to Choose Your Accounting Book:
There are many different things to look for when choosing an accounting book. The most important factor is the type of accounting the book covers. You need to make sure the book you choose covers the type of accounting you are most likely to use. There are many different types of accounting, so make sure you choose the right one.
Another thing to look for is the level of difficulty. Some books are geared towards people who have never taken any accounting classes, while others are more difficult and meant for people who have some accounting experience. Make sure you choose a book that is appropriate for your level of knowledge.
How to use accounting books
There are a variety of accounting books that can be used for business purposes. The most common are the general ledger, cash receipts journal, cash disbursements journal, and the journal of original entries.
The general ledger is the main accounting book and is used to record all transactions for a business. Transactions are recorded as debits and credits, and the balance of the account is always zero.
- The general ledger is also used to prepare financial statements.
- The cash receipts journal is used to record all cash received by a business. The cash disbursements journal is used to record all cash paid out by a business.
- The journal of original entries is used to record all transactions that do not fit into the cash receipts or cash disbursements journals.
Benefits of using accounting books
There are many benefits of using accounting books for businesses. bookkeeping can help track payments and expenses, which is essential for any business. It can also help business owners stay organized and aware of their financial situation. Additionally, good bookkeeping can help businesses save money by preventing costly mistakes and identifying tax breaks.
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Importance of Accounting Books:
Accounting books have been used for centuries to track the financial health of a business. They are an essential tool for businesses of all sizes, and there are a number of reasons why you should use them.
One reason is that accounting books can help you identify trends in your business. For example, if you notice that your profits are decreasing every month, you can investigate the cause and make changes to address the problem. Without accounting books, it would be difficult to track this kind of information over time.
Another reason to use accounting books is that they can help you prepare your taxes. The information in your accounting books can help you determine your taxable income, and you can use this information to file your taxes correctly.
Overall, accounting books are an important tool for any business owner. They can help you track your business’s performance over time, and they can help you prepare your tax return. If you are not currently using accounting books, you should consider starting today.
Advantages of Accounting Books:
There are many benefits of using accounting books. One of the most important benefits is that it can help business owners keep track of their expenses. This is important because it can help business owners stay within their budget.
Another benefit of using accounting books is that it can help business owners track their profits and losses. This is important because it can help business owners make informed decisions about their business.
Finally, using accounting books can help business owners stay organized and keep track of their financial records. This is important because it can help business owners make timely and accurate tax filings.
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