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The Entrepreneurs Accounting Academy is a premier provider workshops and seminars on various business, accounting and finance functions. We also offer a comprehensive TESDA-registered BOOKKEEPING course - that can be finished within just 5 months! Friday and Saturday Schedules available.
Wednesday, November 2, 2011
Attend our Payroll Specialist Course – 50% Only for Xmas!
Friday, October 28, 2011
If you’re an OFW, attend our Entrepreneurship course for FREE!
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Tuesday, October 25, 2011
It's Raining EAA Discounts this December!
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Monday, October 17, 2011
Treat yourself, your colleagues, your employees or your loved ones to our useful learning sessions this Christmas season! Avail of the following seminars (see details below) and get a 50% discount on our regular rates.
Download Promo Copy Here
A. Promo Set 1
- 50% discount on the following seminars:
- Requirement
- Participant/s must register and pay the full seminar fee on or before Nov. 30, 2011 5:00pm.
- See other terms and conditions**
Seminar | Date | Promo Rate (50% off) |
Regular Rate |
---|---|---|---|
B. Promo Set 2
- 50% discount on the following seminars:
- Requirement
- Participant/s must register and pay the full seminar fee on or before Dec. 31, 2011 5:00pm.
- See other terms and conditions**
Seminar | Date | Promo Rate (50% off) |
Regular Rate |
---|---|---|---|
C. 4 + 1 Promo
- For every 4 participants who can bring another 1(making them a total of 5), the 5th participant is free.
- Requirements
- 4 + 1 Promo is only applicable in one seminar for every group of 5.
- This promo is only applicable on the seminars that are scheduled starting from December 2011 onwards.
- See other terms and conditions**
D. Bookkeeping Course Promo
- 10% discount to those Bookkeeping students who will be enrolling in Batch 13 scheduled to open on Jan. 21, 2012.
- Requirements
- Full tuition fee payment has to be paid on or before Dec. 31, 2011.
- Non-refundability. Only for the Php 2,500.00 course registration/slot reservation.
Other terms and conditions**
- Non-refundability. All payments made for seminars under this promo are non-refundable.
- One promo at a time.
- Seminar schedules are subject to change. If the seminar you registered with has been re-scheduled, we will contact you immediately. In case of such incidents, you are entitled to attend the same seminar within one (1) year upon payment for no extra charge provided the necessary documents for the said incident.
- Non-appearance of participant on the training or seminar date will be considered consumed. If you wish to send a substitute to attend, kindly call us and e-mail us a notification indicating the name and contact number of the substitute.
- Other promos such as Packaged Programs and Early Bird Discount cannot be availed of together with this promo.
- Participants who availed our Package Program. Those who have previously availed of and paid for any Packaged Program prior to the promo and have yet
- Promo runs from October 2011 - December 2011 only.
INQUIRE NOW
Monday, October 3, 2011
Market swings may continue this week
THE LOCAL market may see more volatility this week amid some technical rallies as European debt worries may continue to dampen investor sentiment.
The Philippine Stock Exchange index (PSEi) rose by 2.93% or 113.69 points to 3,999.65 last Friday versus 3,885.96 the week before, when it first slipped below the 4,000 psychological barrier -- from which it has not recovered since.
The broader all-share index, on the other hand, rose by 2.76% or 76.93 points to 2,859.23 from 2,782.30.
“External events caused massive swings and higher volatility in the PSEi and foreign markets the whole [of last] week. Finding no lasting solution yet to the debt woes in Europe, major markets reeled and alternated between gains and losses,” said analyst Maria Arlysa E. Narciso of brokerage firm AB Capital Securities, Inc. in a market report last Friday.
The same might be the case for this week.
“I think the market will consolidate this week given problems abroad,” said analyst Elizabeth S. Abadillo of brokerage firm Angping & Associates Securities, Inc. in a text message yesterday.
Abroad, auditors from the European Union (EU) and the International Monetary Fund (IMF) visited debt-laden Greece last week to discuss its finances after noting it had slipped against its commitments. The Greek government, meanwhile, was expected to initiate fresh spending cuts and tax hikes in order to secure the latest bailout installment from the so-called “troika” of the EU, IMF and European Central Bank (ECB).
Despite the worst third quarter closes for Wall Street since the 2008 global financial crisis, blue-chip Dow Jones industrial average rose by 1.57% or 168.90 points to 10,913.38 from 10,744.48 a week ago.
The broader Standard & Poor’s 500 index, however, fell by 0.44% or 5.01 points to 1,131.42 from 1,136.43, while tech-heavy Nasdaq composite index dropped by 2.73% or 67.83 points to 2,415.40 week on week.
Describing trading at the PSE last Friday, Bonner C. Dytoc of brokerage firm Angping Associates & Securities, Inc. in a market report yesterday said: “The last trading day was a welcome relief to a suffering market as it was able to rise by 122 points to return to just under the 4,000 level. But at this point, any rally that the market makes is a cue for those who still have winning positions to take their profits while they still can.”
The safest tack for investors this week will be to be on the liquid side and sell or invest in defensive issues or high dividend-yielding stocks such as Philippine Long Distance Telephone Co. and Aboitiz Power Corp., Ms. Narciso said.
Concrete and positive news after the troika’s assessment of Greece may yield better direction for the market this week, she added.
“For now, volatility is still high. The PSEi would likely swing erratically between gains and losses until it finds a solid ground where it can consolidate,” Ms. Narciso added.
This, as the local bourse extends stock trading to 1 p.m. beginning today in order to boost trading volume in preparation for the link-up with regional bourses next year.
The hour-long extension will give investors more room to adjust to foreign developments and capture other markets, benefitting them in the long run, said analyst Astro C. del Castillo, managing director of brokerage firm First Grade Holdings, Inc., in a telephone interview yesterday.
Initial support and resistance levels for the week are pegged at 3,820 and 4,120, respectively, Ms. Abadillo said.
Posted by: Entrepreneurs Accounting Academy (EAA)
Article of: Franz Jonathan G. de la Fuente
Disclaimer: EAA respects the intellectual property of others. Articles from other sources were linked to the original article to give full credit to the writer and publisher. In the event that there is a problem or error with copyrighted material, the break of the copyright is unintentional and noncommercial and the material will be removed immediately upon proof. If you are the owner of material that appears on this site please send proof to us and the material will be removed promptly. However, if you are the owner and would rather credit be given for the material, instead of removal, we will gratefully give the appropriate credit desired.
Monday, August 22, 2011
PERA tax rules ready

The proposed revenue regulations, among others, set stringent guidelines for tax credit certificates (TCCs) that will be granted to overseas Filipino workers (OFWs) to ensure that these are not used fraudulently.
"We submitted the PERA Revenue Regulations [last week] to the DoF (Department of Finance," Bureau of Internal Revenue Commissioner Kim S. Jacinto-Henares said on Friday.
Finance officials were not immediately available for comment as to when, or if, the BIR’s tax rules would be issued.
The PERA Act or Republic Act 9505 was signed into law in 2008 and its implementing rules were issued the following year by the Securities and Exchange Commission and the Bangko Sentral ng Pilipinas.
The law, however, has not been implemented up to now given the absence of BIR tax rules.
A stumbling block was the issuance of tax credits to OFWs that could be difficult to monitor for the bureau, Ms. Henares explained.
"We were focused on making safeguards regarding the use of TCCs," she said.
One of these is the printing of the tax credits on a special security paper so that the documents cannot be copied and counterfeited, Ms. Henares said.
Migrant Filipinos will also have to apply for a tax debit memo when they use their TCCs, stating how much of the tax credits will be claimed and for what tax obligation.
The BIR will also establish internal records of TCC recipients, Ms. Henares said.
"This will ensure that only those who are qualified for the TCCs will get to enjoy it," she noted.
This was also suggested by Tammy H. Lipana, chairperson of the Philippine Chamber of Commerce and Industry’s tax committee.
"There should be a registry of the TCCs issued, whether directly to OFWs or coursed through the embassies to OFWs," Ms. Lipana said in a telephone interview on Friday.
"The tax debit memos also ensure that the BIR still gets to approve how the TCCs can be used," she added.
INVESTMENT ALTERNATIVE
The PERA Act provides Filipinos with an alternative means of planning their retirement, allowing the establishment of accounts where they can contribute a maximum of P100,000 per year. Those working abroad have been provided a higher annual cap of P200,000. Five PERAs can be maintained at any one time but the annual contributions must not exceed the set limits.PERA investment and reinvestment income will be exempted from a slew of taxes such as the 20% final withholding tax on bank deposits, 10% tax on cash or property dividends and the stock transaction tax on shares traded through the stock exchange.
A tax credit equivalent to 5% of all PERA contributions will also be granted to account holders. OFWs will receive TCCs which they can use to pay their internal revenue taxes. Resident Filipinos, meanwhile, will just get a BIR certification that will be used by employers to adjust taxes on their income.
The PERA Act is expected to attract an estimated eight million Filipinos, especially OFWs and self-employed individuals who are not required to contribute to the Social Security System and the Government Service Insurance System.
"The implementation of the PERA act is very much anticipated. Right now, when you save up for your retirement, there are no tax benefits with it," Ms. Lipana said.
A possible sticking point, though, is that OFWs may not have any use for their TCCs since they are exempted from income taxes under the law, she pointed out.
The BIR’s Ms. Henares, however, said OFWs could have other tax liabilities.
"If they have real estate [assets and they sell this], that is subject to capital gains tax. If they have sidelines and other businesses here in the Philippines, that is subject to income tax," she responded.
"Also, if the OFWs return to the Philippines to work here, they will have to pay income tax already. They will be able to use their TCCs then," Ms. Henares added.
Posted by: Entrepreneurs Accounting Academy (EAA)
Article of: Diane Claire J. Jiao (Business World)
Disclaimer: EAA respects the intellectual property of others. Articles from other sources were linked to the original article to give full credit to the writer and publisher. In the event that there is a problem or error with copyrighted material, the break of the copyright is unintentional and noncommercial and the material will be removed immediately upon proof. If you are the owner of material that appears on this site please send proof to us and the material will be removed promptly. However, if you are the owner and would rather credit be given for the material, instead of removal, we will gratefully give the appropriate credit desired.
Friday, August 19, 2011
Second-half prospects ‘brighter’, says NEDA exec
Worries over the economy should be tempered since sluggish first quarter gross domestic product (GDP) was due more to global troubles and the new administration’s adjustment phase, National Economic and Development Authority (NEDA) assistant director-general Ruperto P. Majuca told reporters at the sidelines of a communications forum.
"I should stress that the first quarter and second quarter growth is an aberration. It does not reflect the true strength of the economy," Mr. Majuca said.
"We were buffeted by so many negative shocks like Japan’s crippled supply chain, the MENA (Middle East and North Africa) oil crisis, price pressures, and then we were cleaning up government processes," he added.
"But in the third quarter and fourth quarter, expect brighter prospects because Japan’s supply chain will be normalized then we can facilitate in the rehabilitation, and the government will most definitely have higher expenditures, so underspending will no longer be an issue since fast-tracking spending is now the thrust of the government."
First quarter GDP growth eased to 4.9% from 8.9% a year earlier, blamed on government underspending and weak exports. Second quarter data is scheduled to be released later this month and the NEDA official declined to provide details.
"Officially, the DBCC (Development Budget Coordination Committee) needs to be the one to make that statement after they look at the second quarter numbers," Mr. Majuca said.
Socioeconomic Planning Secretary Cayetano W. Paderanga Jr. has said the economy may have grown faster between April and June. Earlier this month, however, he said renewed concerns over the global economy -- spurred by the United States’ credit rating downgrade and the eurozone’s continued debt woes -- had prompted a review of the GDP growth targets -- officially at 7-8% for this year but set at a lower 5-6% in the national budget.ENJD
Article of: Business World
Disclaimer: EAA respects the intellectual property of others. Articles from other sources were linked to the original article to give full credit to the writer and publisher. In the event that there is a problem or error with copyrighted material, the break of the copyright is unintentional and noncommercial and the material will be removed immediately upon proof. If you are the owner of material that appears on this site please send proof to us and the material will be removed promptly. However, if you are the owner and would rather credit be given for the material, instead of removal, we will gratefully give the appropriate credit desired.
Tuesday, August 16, 2011
Business Tip #1/5 – “How to Milk Your Cash Cow”
Most business owners think that they’re already squeezing every cent they can from their business…
However, shrewd and successful entrepreneurs know that there are always more ways to streamline your operations.
Think of it this way.
There is more than one way to milk a cow.
One of those ways is sure to give you more milk than the rest.
Every business is a “cash cow.” If you don’t milk it properly, then you are not reaping its full benefits.
One way to know if you are milking it correctly is by checking your operations and seeing if there are certain areas that you can still improve.
- Are there holes in your system that causes spoilage?
- Are you making sure that you are picking the cheapest, but most quality supplier for your raw materials?
- Are your employees allowed to get away with falsifying vacation or sick leave records?
- Is your inventory count being manipulated that you don’t know the real picture?
When the business is young, it is easy to turn the other cheek for the sake of progress. As the business matures and there are no new markets to conquer, your growth starts relying on making sure the costs are low and the overall process is more efficient.
How is your cow? Are you milking it correctly?
SEMINARS THAT CAN HELP
Operations Auditing
Whether you are a practicing internal auditor or an entrepreneur who wants to optimize the checks and balances of his business systems
Financial statements are like your report card. If you don’t know how to read your report card, how will you know that you are failing?
Author: Donna Pacheco
Posted by:Entrepreneurs Accounting Academy
Tuesday, August 9, 2011
9 days before Accounting for Non-Accountants Seminar


9 Days before
Accounting for Non-Accountants Seminar
In today’s business environment, it is essential to know how to ask the right financial questions and fully understand their respective answers.
Accounting for Non-Accountants Seminar enables you to understand and interpret accounting reports and to use accounting skills needed in making effective business decisions. Financial reports are an increasingly invaluable tool for businesses. More than just a summary of statistics, financial statements serve as an instrument to analyze business operations based on their financial performance.
This seminar focuses on basic accounting concepts and processes. By establishing a foundation of knowledge on the accounting process, participants will be better armed to make informed management decisions.
Learning Objective:
- Understand accounting terminology
- Understand accounting processes and practices used to measure and record business transactions
- Understand the process of preparing financial statements
- Analyze and interpret financial statements
- Identify ways of using financial statements to acquire an insight into improving business operations
Target Audience:
- Managers of larger organisations who want a good understanding of financial reports and the ability to utilise this information productively.
- Small to medium business owners who want more involvement with their company finances, enabling closer monitoring and control of its financial performance.
- Bookkeepers or accounts clerks who want a greater appreciation of accounting terminology and processes.
- Professionals who are working in, or wish to work in general management and are required to use and understand financial reports.
To your success,
SARAH SAAVEDRA-SONGALIA
EAA Managing Director

Effective Payroll Management
September 7, 2011Make sure you know everything you need to know about payroll calculations, and get up-to-date on the latest rules and regulations.
August 24, 2011
Financial Analysis Tools and Techniques
Financial statements are like your report card. If you don’t know how to read your report card, how will you know that you are failing?
Warehouse Management and Inventory Control
August 25-26, 2011If you don't play your cards right, buying too much inventory may just destroy you.
Operations Auditing
August 31-Sept. 1, 2011Whether you are a practicing internal auditor or an entrepreneur who wants to optimize the checks and balances of his business systems

Save time, save travel expenses, and enjoy the same material at REDUCED prices. Why take it online? readmore
- Financial Analysis Tools & Techniques - August 31-Sept.2, 2011
- Credit and Collection - Sept. 6 - Sept.9, 2011
- Budgeting and Forecasting - Sept. 13 - Sept. 16, 2011
- Comprehensive Tax - Sept. 20 - Sept. 23, 2011
- Compensation and Benefits - Sept. 27 - Sept. 30, 2011
- Effective Payroll Management - October 4 - Oct. 7, 2011
- Cashflow Management - October 11 - Oct. 14, 2011
Wednesday, June 1, 2011
Warning: Your Star Employee Can Leave You Anytime

Are you actively trying to keep your people or are you just watching them go one by one?
It’s no secret that GREAT people make GREAT organizations.
Can you identify the people your company can’t live without?
*Is it your Salesperson who goes beyond her quota time and time again, knows all your clients by name, and is loved by each and every one of them?
*Is it your Operations Head who is on point on all production schedules and motivates all his people to go beyond their job descriptions?
*Or maybe... it’s your Business Development Officer who tirelessly thinks up of projects that bring in new revenue streams time and time again?
You know that you have a superstar when you have one. While they may love working for you, if you do not pay them correctly, other companies will come knocking at their door.
Watch out for the signs. They may stop showing up for work. They may start shirking their work responsibilities. You may even find them taking longer lunch breaks than usual.
And when they finally confront you with their resignation letter, it may be too late for you to convince them to stay.
WHY WAIT?
Keep your team intact by enrolling in our compensation seminars.
Scroll down to learn more.
COMPENSATION AND BENEFITS
A happy employee is a productive employee. Have you been paying attention to your team? Learn how to package incentives, benefits, and compensation that will push your team to excel beyond expectations. Click here to learn more.EFFECTIVE PAYROLL MANAGEMENT
Paying the wrong wages can lead to lawsuits. Keep yourself up to date with the latest laws and regulations governing payroll. Stop making mistakes when computing for employee taxes by attending our seminar. Click here to learn more.Tuesday, April 5, 2011
EAA Anniversary Promo in Accounting and Finance Seminar
Entrepreneurs Accounting Academy will be celebrating its 4th year Anniversary for the whole month of June!
As we celebrate, we will be giving away promos and discounts exclusively to our valued Online Newsletter Subscribers.
See our exciting rates below:
Php 2,999.00 – for one-day seminars*
Php 3,999.00 – for two-day seminars*
*applicable for seminars scheduled for the month of June only.
Call Now!(632) 310.3857 | 576.4423 or email info@eaa.edu.ph
Please click here to view the seminars scheduled for the month of June
Promo Mechanics:
1. Interested participants must be an EAA’s Newsletter Email Subscriber.
For non-subscriber, you can

2. Interested participants must Register and Pay on or before April 30, 2011 until 05:00pm for the seminar of your choice.
3. Non-refundability. All payments made for seminars under this promo/discount are non-refundable.
4. Seminar schedules are subject to change. If the seminar you have registered for has been re-scheduled, we will contact you immediately. In case of such incidents, you are entitled to attend the same seminar within one (1) year upon payment for no extra charge whatsoever.
5. Non-appearance of participant on the training or seminar date will be considered consumed. If you wish to send a substitute to attend, kindly call us and e-mail us a notification indicating the name and contact number of the substitute.
6. Other promos such as Packaged Programs and Early Bird Discount cannot be availed of together with this promo.
Registration Procedure:
1. Download the Seminar Registration Form here
2. Fill out the Seminar Registration Form
3. Fax the accomplished Seminar Registration Form to (02) 325.00.72
4. Confirm the receipt of your Seminar Registration Form by calling us at this number (02) 576.44.23 or (02) 310.3857
5. Pay for the Seminar Registration Fee in any of our bank accounts (as stated in the Seminar Registration Form) on or before April 30, 2011 until 05:00pm.
6. Fax the Deposit Slip to (02) 325.00.72. Indicate in the deposit slip your company name, participant’s full name, seminar name and seminar date.
7. Confirm the receipt of your Payment (Deposit Slip) by calling us at (02) 576.44.23 or (02) 215.48.24. Upon completion of this step, you will be completely registered in your chosen seminar.
Wednesday, March 23, 2011
Maximize your supply chain through effective warehouse management

With budgets too tight for backup inventories and time too short for no plan B’s, procurement professionals are faced with the challenge of securing their warehouse operations. Dealing with the logistics aspect is just half of the fight, but keeping a close eye on finances and tracking items on a well-managed inventory completes a well-managed warehouse operation.
Attend our Warehouse Management and Inventory Control Seminar on March 28-29 and learn new tips and strategies from a finance and accounting stance!
Upon successful completion of this course participants will be able to:
- Evaluate how warehouse management and inventory control can help meet organizational needs.
- Discuss various techniques for safely and effectively managing inventories and optimizing services to clients.
- Provide for effective management, including disposal, of surplus, scrap and excess inventory.
- Identify current trends in warehouse management and inventory control.
Limited slots only – Register now for Warehouse Management and Inventory Control Seminar!
Thursday, March 10, 2011
Get essential accounting skills for your business or current job ASAP

Or maybe the bar has been raised for you at work, and now you’re encountering accounting and finance terminology that you’ve left all the way back during your basic accounting subjects in school.
Do you currently find yourself in the positions mentioned above? We have something to calm your fears and help you in your career.
Attend our ACCOUNTING FOR NON-ACCOUNTANTS SEMINAR on March 23-24 and get all you need in easy-to-grasp yet engaging sessions as conducted by our expert facilitators.
Register now to save your slot!
Thursday, March 3, 2011
Entrepreneurship Workshop for Kids - Summer Class

Is your child showing exceptional signs of curiosity, observation, and interest in creating new things that you yourself can actually envision in the market? If your answer is yes, then your child is an entrepreneur in the making!
Entrepreneurship is actually a natural and vital part of everyday life. People want things and need things. The exchange of goods and services isn’t exclusive to vendors and sales professionals or big-time tycoons. Even before currency was introduced, people have been using the barter system to create a more efficient system of getting things that they might not have on hand.
With summer season falling into place, we are now launching our Entrepreneurship for Kids program! If you’re looking for a fun, unique and productive summer program to enroll your child in, this is the perfect one for you.
Our classes will be fun and light, yet highly educational all at the same time. Some of the things that they will be doing are:
- Doodling Sessions: Drawing the Dream
- Business Basics for Kids
- Fun internship activities
- A whole lot more!
Open to elementary and high school students. Enroll now! Limited slots only.
Kids Schedule
Batch I - Kids --- April 4-8, 2011 01:00pm - 05:00 pm
Batch II - Kids --- April 11-15, 2011 01:00pm - 05:00 pm
Bazaar Day for Kids --- April 30, 2011
Teens Schedule
Batch I - Teens --- April 25-29, 2011 08:00am - 12:00 pm
Batch II - Teens --- May 2-6, 2011 08:00am - 12:00 pm
Bazaar Day for Teens --- May 14, 2011
Day 1 – Classroom Activity
- Resume Preparation for Kids
- Introduction to Business Basics
Day 2 – Classroom Activity
- Business Basics
Days 3 and 4 – Classroom Activity
- Starting a Business
- Conceptualizing a Business
- Managing a Business
Day 5 – Classroom Activity
- Business Plan Preparation
Day 6 – Non-classroom Activity
- Bazaar/Apprenticeship
Registration Details
- Download the Registration Form.
- Fill-out the registration form.
- Fax the accomplished Registration Form to (02) 325.00.72 or scan and email to info@eaa.edu.ph
- Wait for a call from our client representative to confirm your registration form and slot reservation.
Thursday, February 24, 2011
Securing business through proper finance and accounting

However, mid-sized and even large companies are gearing for the fickle nature that the economy tends to have, and have made it a point to bring back focus on their company's core accounting and finance functions. Outsourcing has been made possible for those who have been cutting budgets and downsizing the number of employees. Another possible option, however, without having to outsource is to enhance the current employees' knowledge and skills and provide them with trainings for various finance, accounting and tax functions.
In need of a comprehensive list of these seminars? Check our list of finance and accounting seminars today! All seminars are conducted within 1-2 days. Get what you need to learn fast.
Tuesday, February 8, 2011
Get your DISCOUNT COUPON plus a STARBUCKS TREAT from us
PLEASE READ THE PROMO MECHANICSTO LEARN HOW TO JOIN

PLEASE READ THE PROMO MECHANICS AND LEARN HOW TO JOIN
Tuesday, January 25, 2011
January 21, 2011
Effective Payroll Management Seminar Participants
Some of the companies who attended:
8D2 Corporation
Evangelista Medical Specialty Hospital Incorporated
Goldpack Pacific Manufacturing Corp
Hilmarc's Construction Corporation
J.R.M. Primelink Corporation
Lyceum of the Philippines
Panaderia Antonio Food Corporation
Simplex Industrial Corporation