The Ledger

The Ledger The Official Student Publication of UNP-Bachelor of Science in Accountancy

 #๐™๐™ง๐™ž๐™™๐™–๐™ฎ๐™๐™š๐™˜๐™–๐™ฅ | ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐ข๐ง ๐€๐ฌ๐ฌ๐จ๐œ๐ข๐š๐ญ๐ž (๐๐€๐’ ๐Ÿ๐Ÿ–)โ€ขAn associate is an entity over which the investor has significant influ...
09/10/2025

#๐™๐™ง๐™ž๐™™๐™–๐™ฎ๐™๐™š๐™˜๐™–๐™ฅ | ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐ข๐ง ๐€๐ฌ๐ฌ๐จ๐œ๐ข๐š๐ญ๐ž (๐๐€๐’ ๐Ÿ๐Ÿ–)

โ€ขAn associate is an entity over which the investor has significant influence.

โ€ขSignificant influence is the power to participate in the financial and operating policy decisions of the investee.

โ€ขInvestor's significant influence is presumed to exist when he holds 20% or more of the voting power (potential voting rights, share warrants or share options, convertible security) of the investee.

โ€ขIf less than 20% ownership, if evidenced by things like; representation on the board, participation in the policy-making, material transactions, or provision of essential information.

โ€ขInvestment in associate is presented as Noncurrent Asset. Reported using the Equity Method (investment in associate should be based on the most recent FS of the investee). Reporting period of the investee's FS should be the most recent (should not be more than 3 months). Difference in accounting policy must be adjusted by the investee/associate.

โ€ขInitially recognized at cost plus transaction price. If Cost>FV of net assets of Investee, excess is Goodwill (not presented separately but included in Investment's cost). If Cost

๐™„๐™‰ ๐™‹๐™ƒ๐™Š๐™๐™Š๐™Ž | ๐€๐ง๐จ๐ญ๐ก๐ž๐ซ ๐ฌ๐ž๐ญ ๐จ๐Ÿ ๐ˆ๐ญ๐ž๐ง๐ข๐ซ๐š๐ซ๐˜๐„๐˜'๐ฌ! (1/4)Continuing on their journey of knowledge in the educational tour, BS Acco...
09/10/2025

๐™„๐™‰ ๐™‹๐™ƒ๐™Š๐™๐™Š๐™Ž | ๐€๐ง๐จ๐ญ๐ก๐ž๐ซ ๐ฌ๐ž๐ญ ๐จ๐Ÿ ๐ˆ๐ญ๐ž๐ง๐ข๐ซ๐š๐ซ๐˜๐„๐˜'๐ฌ! (1/4)

Continuing on their journey of knowledge in the educational tour, BS Accountancy freshies visited the Yakult Factory in Calamba, Laguna; Mega Prime Foods, Inc. in Sto. Tomas, Batangas; Gardenia Bakeries Philippines, Inc. in Biรฑan, Laguna; and Monde Nissin Corporation in Sta. Rosa, Laguna, October 2.

They have given the chance to explore and glance at the overall history, products, and operations of the companies. Tokens of appreciation were given by the visited companies, creating memories that last for a lifetime.

Words | Florenze Carl Acosta
Photos | Clynt RV Ablog, Charmaine Borja, Sherika Rich Ricohermoso

๐˜š๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜บ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ด๐˜ถ๐˜ณ๐˜ง๐˜ข๐˜ค๐˜ฆ, ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ.
๐•พ๐–š๐–‡๐–˜๐–™๐–†๐–“๐–™๐–Ž๐–† ๐–Ž๐–“ ๐•ฑ๐–”๐–—๐–’๐–†โœ๐Ÿป

๐™‰๐™€๐™’๐™Ž | ๐๐จ๐ง๐œ๐ž, ๐€๐ฅ๐š๐ฌ ๐’๐ข๐ง๐ ๐ค๐จ ๐ง๐š๐›๐ฌ ๐Ÿ’๐ญ๐ก ๐ฉ๐ฅ๐š๐œ๐ž ๐ข๐ง ๐ข๐ƒ๐จ๐ค๐ฎ๐ฆ๐ž๐ง๐ญ๐จ ๐š๐ญ ๐Ÿ๐Ÿ”๐ญ๐ก ๐๐Œ๐๐‚Vince John Ponce, a fourth-year Bachelor of Science i...
09/10/2025

๐™‰๐™€๐™’๐™Ž | ๐๐จ๐ง๐œ๐ž, ๐€๐ฅ๐š๐ฌ ๐’๐ข๐ง๐ ๐ค๐จ ๐ง๐š๐›๐ฌ ๐Ÿ’๐ญ๐ก ๐ฉ๐ฅ๐š๐œ๐ž ๐ข๐ง ๐ข๐ƒ๐จ๐ค๐ฎ๐ฆ๐ž๐ง๐ญ๐จ ๐š๐ญ ๐Ÿ๐Ÿ”๐ญ๐ก ๐๐Œ๐๐‚

Vince John Ponce, a fourth-year Bachelor of Science in Accountancy student, together with Alas Singko, bagged the fourth spot in iDokumento competition at the 16th National Media Press Conference (NMPC), Sept. 25 to 27 at Clark, Pampanga.

Themed "Beyond the Headlines: Empowering Campus Journalists as Catalyst for Truth, Integrity, and Emerging Truths through Ethical Storytelling," the national event showcased the skills and talents of campus journalists in pursuit of responsible campus journalism.

"It was a great and unforgettable experience. Competing at the national level gave us the chance to learn, grow, and push ourselves beyond our comfort zones," Ponce said in an online interview.

He shared that their assigned topic was โ€œAnino ng mga Kanoโ€ (โ€œShadows of the Americansโ€), which resonated with the competitionโ€™s location.

โ€œIt felt very fitting since we were in Clark, which has deep ties to the American presence in the Philippines,โ€ Ponce said.

"That idea became our entry point, [w]hich was to explore how those traces remain visible in the culture, history, and even the everyday life of the people who live there," he added.

Ponce recalled the process of their output, where challenges and obstacles arose during the competition.

"We were only given one full day to write, shoot, and edit the documentary, so the process wasnโ€™t easy. We spent hours walking around, talking to locals, and asking for directions," he said.

"Those conversations helped us understand not just the geography of Clark, but also the stories and history that shaped it," he added.

"Meeting fellow student-journalists from across the country was inspiring. It served as an opportunity to exchange stories, ideas, and perspectives, which made the event even more enriching," Ponce said, when asked about his thoughts on competing in the national event.

Alongside Ponce, Kristian Jed Rabo, Ken Artajos, and Alvin Lloyd Gampayon, members of the production group Alas Singko, also took part in the event.

This achievement signified the extensive contribution of the students in extra-curricular competitions, creating an avenue for the growth and development of the students.

Words | Alfred John Auingan
Photo | Ruth Dasugo

๐˜š๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜บ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ด๐˜ถ๐˜ณ๐˜ง๐˜ข๐˜ค๐˜ฆ, ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ.
๐•พ๐–š๐–‡๐–˜๐–™๐–†๐–“๐–™๐–Ž๐–† ๐–Ž๐–“ ๐•ฑ๐–”๐–—๐–’๐–†โœ๐Ÿป

 #๐™’๐™š๐™™๐™ฃ๐™š๐™จ๐™™๐™–๐™ฎ๐™‡๐™ž๐™ฉ๐™ฉรฉ๐™ง๐™–๐™ž๐™ง๐™š | ๐๐ข๐ž๐œ๐ž๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ƒ๐ซ๐ž๐š๐ฆIt begins with a box - plain, dull, and heavier than its appearance. Inside, ...
08/10/2025

#๐™’๐™š๐™™๐™ฃ๐™š๐™จ๐™™๐™–๐™ฎ๐™‡๐™ž๐™ฉ๐™ฉรฉ๐™ง๐™–๐™ž๐™ง๐™š | ๐๐ข๐ž๐œ๐ž๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ƒ๐ซ๐ž๐š๐ฆ

It begins with a box - plain, dull, and heavier than its appearance. Inside, thousands of pieces, and on the cover, a picture that seems so unreal that it almost mocks you: three letters that bring a strong desire within you - CPA.

With much excitement, you dump the pieces onto the table to immediately begin. Pieces tumbled out in chaos, like the semesters that blurred into one another, like the notes scribbled in the margins of books and reviewers you swore youโ€™d understand one day.

As per usual, edges come first as they are the easiest - structure, boundaries as represented by the class schedules, syllabi, deadlines, and to-do tasks. The frame was built quickly with lectures and attendance. Predictable. Manageable.

But the middle is where the real fight begins.

You pick up one piece - Quizzes. Quick battles, some won, some lost.

Another piece - Exams. Longer, Heavier, it seems endless and unbearable.

You pick up one piece โ€” Restless Nights. Frayed at the corners. You remember the silence of 2 a.m., the pages you reread again and again, praying theyโ€™d stick in your mind. You feel your body as if it no longer belongs to you - too heavy to carry, too tired to rest.

Another piece โ€” Failed Quiz. No matter how you tried or rotated it, it never fit as you were expecting. It never felt like it belonged. Just like the day when you stared at your paper, and your brain turned blank. You walked home in silence and could no longer bear the heavy feeling in your chest.

A piece that is undeniably hurting - Sacrifices. Missed celebrations. Cancelled plans. You didnโ€™t simply choose to study; you gave up parts of yourself to pursue your dream.

Thereโ€™s a brighter piece โ€” Nameplate. A small and simple tag during OJT days. You werenโ€™t still a CPA, but for a moment, you felt like one.

You work through more: Diploma, Board Review. Some fall into place easily. Some pieces will make you shed tears, together with doubts - that maybe you chose and bought the wrong puzzle after all.

You nearly lose one piece โ€” Self-Doubt. It slips off and hides beneath the table. It takes minutes, hours to find. When you finally hold it again, it feels heavier than the rest. The longer you hold on to it, the more you become unsure, leaving you unmoved, not knowing what the next step is.

Eventually, you will come to realize that each piece had a purpose. Each season โ€” whether youโ€™re stuck on quizzes, exhausted in internship duties, or deep in the trenches of review โ€” it matters. Every single piece and season matters. Every phase brings you closer to completing the puzzle.

Sometimes the pieces donโ€™t fit right away, and others feel like they went missing. Inevitably, you will wonder whether you have picked the right puzzle to form and complete. But if youโ€™re patient โ€” if you trust the process โ€” the right piece will always find its place.

And when you have finally figured everything out, you will stare at the image of the puzzle, not just the โ€œCPAโ€. But everything behind it: sleepless nights, failures, doubts, sacrifices, deadlines, tears, and prayers. Parts of you that cracked, and some that refused to be broken.

You smile.

Because this puzzle wasnโ€™t just a picture.

It was a story.

It was yours.

Words | Marianne Nicole Racca
Graphics | Mitz Kristel Lim

๐˜š๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜บ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ด๐˜ถ๐˜ณ๐˜ง๐˜ข๐˜ค๐˜ฆ, ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ.
๐•พ๐–š๐–‡๐–˜๐–™๐–†๐–“๐–™๐–Ž๐–† ๐–Ž๐–“ ๐•ฑ๐–”๐–—๐–’๐–†โœ๐Ÿป

๐™๐™€๐˜ผ๐™๐™๐™๐™€ | ๐๐ž๐ฒ๐จ๐ง๐ ๐ญ๐ก๐ž ๐’๐ค๐ข๐ž๐ฌ, ๐“๐ก๐ž ๐‹๐ž๐๐ ๐ž๐ซ ๐’๐จ๐š๐ซ๐ฌ ๐‡๐ข๐ ๐กWith pens as their wings and stories that shimmer in the light of truth...
07/10/2025

๐™๐™€๐˜ผ๐™๐™๐™๐™€ | ๐๐ž๐ฒ๐จ๐ง๐ ๐ญ๐ก๐ž ๐’๐ค๐ข๐ž๐ฌ, ๐“๐ก๐ž ๐‹๐ž๐๐ ๐ž๐ซ ๐’๐จ๐š๐ซ๐ฌ ๐‡๐ข๐ ๐ก

With pens as their wings and stories that shimmer in the light of truth, The Ledger staffers soar high in this year's Regional Pool of Talents Hunt 2025. Each pieceโ€”be it an editorial, a photo, or a stroke of artโ€”mirrors the fire of imagination and truth that fuels the wings of campus journalism.

In honor of boundless creativity, we proudly present the winning articles, photos, and artworks that truly soared. In every word written, every image captured, and every thought set free, each winning piece shines as proof that when voices dare to dream, even the skies are not the limitโ€”for they remain fearless, expressive, and endlessly inspired.

Words | Joana Mae Flores

๐˜š๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜บ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ด๐˜ถ๐˜ณ๐˜ง๐˜ข๐˜ค๐˜ฆ, ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ.
๐•พ๐–š๐–‡๐–˜๐–™๐–†๐–“๐–™๐–Ž๐–† ๐–Ž๐–“ ๐•ฑ๐–”๐–—๐–’๐–†โœ๐Ÿป

 #๐™ˆ๐™ค๐™ฃ๐™™๐™–๐™ฎ๐™ˆ๐™ค๐™ฉ๐™ž๐™ซ๐™–๐™ฉ๐™ž๐™ค๐™ฃ โ€œ๐‘บ๐’Ž๐’‚๐’๐’ ๐’˜๐’Š๐’๐’” ๐’„๐’‚๐’ ๐’๐’†๐’‚๐’… ๐’•๐’ ๐’ˆ๐’“๐’†๐’‚๐’•๐’†๐’“ ๐’—๐’Š๐’„๐’•๐’๐’“๐’Š๐’†๐’”. ๐’€๐’๐’– ๐’…๐’๐’โ€™๐’• ๐’‰๐’‚๐’—๐’† ๐’•๐’ ๐’„๐’๐’๐’’๐’–๐’†๐’“ ๐’•๐’‰๐’† ๐’”๐’†๐’Ž๐’†๐’”๐’•๐’†๐’“ ๐’•๐’๐’…๐’‚๐’šโ€” ๐’‹๐’–๐’”๐’• ๐’•๐’‚๐’Œ๐’† ๐’‚ ...
06/10/2025

#๐™ˆ๐™ค๐™ฃ๐™™๐™–๐™ฎ๐™ˆ๐™ค๐™ฉ๐™ž๐™ซ๐™–๐™ฉ๐™ž๐™ค๐™ฃ

โ€œ๐‘บ๐’Ž๐’‚๐’๐’ ๐’˜๐’Š๐’๐’” ๐’„๐’‚๐’ ๐’๐’†๐’‚๐’… ๐’•๐’ ๐’ˆ๐’“๐’†๐’‚๐’•๐’†๐’“ ๐’—๐’Š๐’„๐’•๐’๐’“๐’Š๐’†๐’”. ๐’€๐’๐’– ๐’…๐’๐’โ€™๐’• ๐’‰๐’‚๐’—๐’† ๐’•๐’ ๐’„๐’๐’๐’’๐’–๐’†๐’“ ๐’•๐’‰๐’† ๐’”๐’†๐’Ž๐’†๐’”๐’•๐’†๐’“ ๐’•๐’๐’…๐’‚๐’šโ€” ๐’‹๐’–๐’”๐’• ๐’•๐’‚๐’Œ๐’† ๐’‚ ๐’”๐’•๐’†๐’‘ ๐’‡๐’๐’“๐’˜๐’‚๐’“๐’….โ€

Greatness is built on consistency, not perfection. Itโ€™s easy to feel overwhelmed and think you need to get everything done in one sitting. But the truth isโ€”you donโ€™t.

Donโ€™t beat yourself up just because you think youโ€™re falling behind others. We all move through life at different phases. What matters is that you keep goingโ€”whether itโ€™s a giant leap or the smallest step forward.

Every lecture you attend, every quiz you take, every activity and assignment you completeโ€”and even the moments you choose to rest when things get too muchโ€”are wins.

These tiny victories build momentum. They carry you, step by step, into something far greater.

When things get complicated, just pause.

Take a deep breath.

Focus on what you can do todayโ€”no matter how small it seems.

Progress is progress. Every step forward counts.
๐‘ท๐’‚๐’…๐’‚๐’š๐’๐’!

Words | Sherika Rich Ricohermoso
Layout | Nicolai Limbauan

๐˜š๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜บ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ด๐˜ถ๐˜ณ๐˜ง๐˜ข๐˜ค๐˜ฆ, ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ.
๐•พ๐–š๐–‡๐–˜๐–™๐–†๐–“๐–™๐–Ž๐–† ๐–Ž๐–“ ๐•ฑ๐–”๐–—๐–’๐–†โœ๐Ÿป

๐™‰๐™€๐™’๐™Ž | ๐๐’๐€ ๐Ÿ๐š๐œ๐ฎ๐ฅ๐ญ๐ฒ ๐ฃ๐จ๐ข๐ง๐ฌ ๐ง๐€๐‚๐๐€๐„ ๐๐จ๐ซ๐ญ๐ก๐ž๐ซ๐ง ๐‹๐ฎ๐ณ๐จ๐ง ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐…๐จ๐ซ๐ฎ๐ฆBachelor of Science in Accountancy (BSA) faculty attended t...
05/10/2025

๐™‰๐™€๐™’๐™Ž | ๐๐’๐€ ๐Ÿ๐š๐œ๐ฎ๐ฅ๐ญ๐ฒ ๐ฃ๐จ๐ข๐ง๐ฌ ๐ง๐€๐‚๐๐€๐„ ๐๐จ๐ซ๐ญ๐ก๐ž๐ซ๐ง ๐‹๐ฎ๐ณ๐จ๐ง ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐…๐จ๐ซ๐ฎ๐ฆ

Bachelor of Science in Accountancy (BSA) faculty attended the National Association of CPAs in Education (nACPAE) Northern Luzon Regional Forum held at UNP Tadena Hall on Sept. 27, 2025.

The program commenced with a prayer, the Philippine national anthem, and the Oath of CPAs led by Mary Ann Dela Cruz, UNP BSA Program Head and nACPAE Trustee.

Dr. Gilbert Valdez Jr., UNP CBAA Assistant Dean, delivered the welcome remarks, followed by Ruth Chew, nACPAE President, for the opening message.

Four technical sessions tackled educator wellness, sustainable education strategies, tax updates, and transfer pricing, featuring speakers from academia and industry.

Each session was moderated by Kristina Camille De Vera Pacris-Quitevis, psychologist; Augustues Lambino, president and academic dean of Kingfisher School of Business and Finance; Rodelyn Reyes, CPA, and Lawrence Glenn Timbreza, CPA; and Sheena Marie Daรฑo, director at Punongbayan & Araullo (P&A Grant Thornton).

In his message, UNP President Dr. Erwin Cadorna emphasized the crucial role of accountants in administering budgets, as well as nACPAEโ€™s contribution to producing competent future CPAs.

Dr. Cadorna also received a plaque of appreciation presented by nACPAE to UNP for hosting the forum.

Chew reaffirmed her commitment to helping accounting educators gain CPD units and expressed her gratitude for meeting CPAs in the Northern Luzon region.

nACPAE Vice President for Internal Affairs Louie Gene Marasigan of UST concluded the program with his discussion on management of learning, followed by closing remarks delivered by nACPAE Vice President for External Affairs Dyan Nicole Francisco, also from UST.

Dela Cruz emphasized the shared space for accounting educators created by the forum, which fostered community among CPAEs in Northern Luzon.

โ€œThe event was a capacity-building milestone for educators to become more resilient, more globally attuned, and more effective in shaping the next generation of CPAs,โ€ Dela Cruz said.

Words | Hanz Meyer Reyes
Photos | Clynt RV Ablog, Sherlyn Bueno, Erl Zigfreid Nalundasan

๐˜š๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜บ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ด๐˜ถ๐˜ณ๐˜ง๐˜ข๐˜ค๐˜ฆ, ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ.
๐•พ๐–š๐–‡๐–˜๐–™๐–†๐–“๐–™๐–Ž๐–† ๐–Ž๐–“ ๐•ฑ๐–”๐–—๐–’๐–†โœ๐Ÿป

๐™„๐™‰ ๐™‹๐™ƒ๐™Š๐™๐™Š๐™Ž | (2/2) First-year BS Accountancy students began its exciting educational tour combining learning with discove...
05/10/2025

๐™„๐™‰ ๐™‹๐™ƒ๐™Š๐™๐™Š๐™Ž | (2/2) First-year BS Accountancy students began its exciting educational tour combining learning with discovery, October 1. The first destination, Philippine Spring Water Resources, Inc. (PSWRI) in Bulacan, was known for producing Natureโ€™s Spring. Concluding the first day, the freshies visited Everjade Ceramic Arts, established in 1981, in Valenzuela City, where they learned how skilled artisans transform clay into functional and decorative ceramics through hands-on craftsmanship.

Words | Florenze Carl Acosta
Photos | Clynt RV Ablog, Charmaine Borja, Erl Zigfreid Nalundasan

๐˜š๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜บ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ด๐˜ถ๐˜ณ๐˜ง๐˜ข๐˜ค๐˜ฆ, ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ.
๐•พ๐–š๐–‡๐–˜๐–™๐–†๐–“๐–™๐–Ž๐–† ๐–Ž๐–“ ๐•ฑ๐–”๐–—๐–’๐–†โœ๐Ÿป

๐™„๐™‰ ๐™‹๐™ƒ๐™Š๐™๐™Š๐™Ž | (1/2) First-year BS Accountancy students began its exciting educational tour combining learning with discove...
05/10/2025

๐™„๐™‰ ๐™‹๐™ƒ๐™Š๐™๐™Š๐™Ž | (1/2) First-year BS Accountancy students began its exciting educational tour combining learning with discovery, October 1. The first destination, Philippine Spring Water Resources, Inc. (PSWRI) in Bulacan, was known for producing Natureโ€™s Spring. Concluding the first day, the freshies visited Everjade Ceramic Arts, established in 1981, in Valenzuela City, where they learned how skilled artisans transform clay into functional and decorative ceramics through hands-on craftsmanship.

Words | Florenze Carl Acosta
Photos | Clynt RV Ablog, Charmaine Borja, Erl Zigfreid Nalundasan

๐˜š๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜บ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ด๐˜ถ๐˜ณ๐˜ง๐˜ข๐˜ค๐˜ฆ, ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ.
๐•พ๐–š๐–‡๐–˜๐–™๐–†๐–“๐–™๐–Ž๐–† ๐–Ž๐–“ ๐•ฑ๐–”๐–—๐–’๐–†โœ๐Ÿป

 #๐™๐™ง๐™ž๐™™๐™–๐™ฎ๐™๐™š๐™˜๐™–๐™ฅ | ๐‚๐ฅ๐š๐ฌ๐ฌ๐ข๐Ÿ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž๐—ข๐—ฟ๐—ฑ๐—ถ๐—ป๐—ฎ๐—ฟ๐˜† ๐—œ๐—ป๐—ฐ๐—ผ๐—บ๐—ฒIncome earned through active participation in business, employmen...
02/10/2025

#๐™๐™ง๐™ž๐™™๐™–๐™ฎ๐™๐™š๐™˜๐™–๐™ฅ | ๐‚๐ฅ๐š๐ฌ๐ฌ๐ข๐Ÿ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž

๐—ข๐—ฟ๐—ฑ๐—ถ๐—ป๐—ฎ๐—ฟ๐˜† ๐—œ๐—ป๐—ฐ๐—ผ๐—บ๐—ฒ
Income earned through active participation in business, employment, and professional activities. This includes:
- Compensation Income
- Business Income
- Professional Income
- Passive income not subject to final tax
- Gains from sale of ordinary assets

๐˜›๐˜ข๐˜น ๐˜›๐˜ณ๐˜ฆ๐˜ข๐˜ต๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต: Subject to graduated income tax rates under the TRAIN Law. Self-employed and Professionals (SEP) have the option to avail the 8% Preferential Tax, if qualified.

๐—ฃ๐—ฎ๐˜€๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—œ๐—ป๐—ฐ๐—ผ๐—บ๐—ฒ
Income that is derived from sources where the taxpayer does not actively participate. Only Philippine-sourced passive income is subject to final tax. There are five (5) types of passive income, which are:
1. Interest Income
2. Dividend Income
3. Royalties
4. Prizes
5. Other Winnings

๐˜›๐˜ข๐˜น ๐˜›๐˜ณ๐˜ฆ๐˜ข๐˜ต๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต: Subject to Final Withholding Tax (FWT) at varying tax rates depending on the type. Foreign-sourced passive income uses graduated tax rates, not FWT.

๐—–๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—š๐—ฎ๐—ถ๐—ป๐˜€
Income from the sale of capital assets, like shares of stock and real property.
1. Sale of Shares of Stock
Applies only to shares of stock of a domestic and foreign corporation not traded on the local stock exchange.

๐˜›๐˜ข๐˜น ๐˜›๐˜ณ๐˜ฆ๐˜ข๐˜ต๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต: Subject to 15% of Capital Gains Tax (CGT) on net capital gain.
Exception: If traded through a local stock exchange, it is subject to Stock Transaction Tax of 1/10 of 1% of the gross selling price.

2. Sale of real properties
There are two requisites for a real property to be taxed under CGT, which are:
a. The property must be located in the Philippines.
b. It must be classified as a capital asset.

๐˜›๐˜ข๐˜น ๐˜›๐˜ณ๐˜ฆ๐˜ข๐˜ต๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต: Subject to a Capital Gains Tax (CGT) of 6% based on the selling price or fair market value, whichever is higher, regardless of whether the transaction results in a gain or loss.

Words | Cherry Mae Laurentino
Graphics | Gian Carlo Ugerio

๐˜š๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜บ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ด๐˜ถ๐˜ณ๐˜ง๐˜ข๐˜ค๐˜ฆ, ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ.
๐•พ๐–š๐–‡๐–˜๐–™๐–†๐–“๐–™๐–Ž๐–† ๐–Ž๐–“ ๐•ฑ๐–”๐–—๐–’๐–†โœ๐Ÿป

 #๐™’๐™š๐™™๐™ฃ๐™š๐™จ๐™™๐™–๐™ฎ๐™‡๐™ž๐™ฉ๐™ฉรฉ๐™ง๐™–๐™ž๐™ง๐™š | ๐–๐ž ๐’๐ญ๐š๐ซ๐ญ๐ž๐ ๐š๐ฌ ๐“๐ž๐ง, ๐–๐ž ๐†๐ซ๐š๐๐ฎ๐š๐ญ๐ž๐ ๐š๐ฌ ๐’๐ž๐ฏ๐ž๐ง โ€” ๐ญ๐ก๐ž ๐ฎ๐ง๐ฌ๐ž๐ž๐ง ๐ฐ๐ข๐ญ๐ก๐๐ซ๐š๐ฐ๐š๐ฅ๐ฌ ๐จ๐Ÿ ๐ฌ๐จ๐œ๐ข๐š๐ฅ ๐ฌ๐ญ๐ซ๐š๐ข๐ง ๐จ๐Ÿ ๐›๐ฌ๐š ๐ฌ๐ญ๐ฎ๐๐ž๐ง...
30/09/2025

#๐™’๐™š๐™™๐™ฃ๐™š๐™จ๐™™๐™–๐™ฎ๐™‡๐™ž๐™ฉ๐™ฉรฉ๐™ง๐™–๐™ž๐™ง๐™š | ๐–๐ž ๐’๐ญ๐š๐ซ๐ญ๐ž๐ ๐š๐ฌ ๐“๐ž๐ง, ๐–๐ž ๐†๐ซ๐š๐๐ฎ๐š๐ญ๐ž๐ ๐š๐ฌ ๐’๐ž๐ฏ๐ž๐ง โ€” ๐ญ๐ก๐ž ๐ฎ๐ง๐ฌ๐ž๐ž๐ง ๐ฐ๐ข๐ญ๐ก๐๐ซ๐š๐ฐ๐š๐ฅ๐ฌ ๐จ๐Ÿ ๐ฌ๐จ๐œ๐ข๐š๐ฅ ๐ฌ๐ญ๐ซ๐š๐ข๐ง ๐จ๐Ÿ ๐›๐ฌ๐š ๐ฌ๐ญ๐ฎ๐๐ž๐ง๐ญ๐ฌ

We were tenโ€”
Not an age,
not a coin,
not a class,
but a circle.
Bounded by desire,
fueled by passion,
and destined to continue for the CPA title.

We made plans on scratch paper,
wrote it in the statements,
and inked the unadjusted maybes and what ifs.

Every room is a battleground,
every class is like the battle,
as if it won't be ceased fire,
as if white flag won't be raised.

"I'm tired," we said,
yet also whispered "but we'll continue."
โ€œSee you at the finish line,โ€ we added,
as if it were a promise,
and for sure it's a prayer.

Until time became the quiet collector.
As we stepped up, it didn't take all at once โ€”
just a little,
then a little more.

One stopped showing upโ€”
just โ€œtoo tired,โ€ he said.
Another fell behind in silence,
and the other was burdened by the pressure.

We did not speak of the absences.
We just rearranged the chairs.

And still,
we pressed forwardโ€”
pages turning,
solving for ABC company
even when that solving was our own exhaustion.

Until the day came.
Names called,
tassels turned.
We stood in rowsโ€”
smiling,
holding up that dream, that prayer.

The prayer that was prayed by ten
But now, only fulfilled by seven.

Words and Graphics | Janea Kishi Ruelos

๐˜š๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜บ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ด๐˜ถ๐˜ณ๐˜ง๐˜ข๐˜ค๐˜ฆ, ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ.
๐•พ๐–š๐–‡๐–˜๐–™๐–†๐–“๐–™๐–Ž๐–† ๐–Ž๐–“ ๐•ฑ๐–”๐–—๐–’๐–†โœ๐Ÿป

 #๐™ˆ๐™ค๐™ฃ๐™™๐™–๐™ฎ๐™ˆ๐™ค๐™ฉ๐™ž๐™ซ๐™–๐™ฉ๐™ž๐™ค๐™ฃ | ๐“๐ก๐ž ๐‹๐ข๐ ๐ก๐ญ ๐–๐ข๐ญ๐ก๐ข๐งYouโ€™ve endured nights that almost swallowed you whole, mornings when rising felt im...
28/09/2025

#๐™ˆ๐™ค๐™ฃ๐™™๐™–๐™ฎ๐™ˆ๐™ค๐™ฉ๐™ž๐™ซ๐™–๐™ฉ๐™ž๐™ค๐™ฃ | ๐“๐ก๐ž ๐‹๐ข๐ ๐ก๐ญ ๐–๐ข๐ญ๐ก๐ข๐ง

Youโ€™ve endured nights that almost swallowed you whole, mornings when rising felt impossible, and moments where giving up seemed easier than holding on.

The road didnโ€™t go easy on youโ€”it tore you apart, tested you, broke you in ways no one else will ever understand. But still, you kept moving. Not fast, not flawless, just forward.

And now the light is here. Not because someone handed it to you, not because it magically appeared, but because you earned it. Every tear, every breakdown, every sleepless night built this moment. The glow you see isnโ€™t waiting at the end of the roadโ€”itโ€™s burning inside you, alive because you refused to go dark.

This is proof that the pain was never pointless. It shaped you, it sharpened you, it made you unshakable. And when the world tried to break you, you answered by surviving.

So carry this moment with pride. Because you didnโ€™t just reach the lightโ€”you became it.

Words | Queenee Marie Arconado
Graphics | Pennygreen Laurente

๐˜š๐˜ต๐˜ฐ๐˜ณ๐˜บ ๐˜ฃ๐˜ฆ๐˜บ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜ด๐˜ถ๐˜ณ๐˜ง๐˜ข๐˜ค๐˜ฆ, ๐˜ฆ๐˜ด๐˜ด๐˜ฆ๐˜ฏ๐˜ค๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ๐˜บ ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ.
๐•พ๐–š๐–‡๐–˜๐–™๐–†๐–“๐–™๐–Ž๐–† ๐–Ž๐–“ ๐•ฑ๐–”๐–—๐–’๐–†โœ๐Ÿป

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