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Philippines Institute of Certified Public Accountants (PICPA)

Member | Established: 1929 | Member since 1977. The PICPA was founded in 1929 and is the accredited professional accountancy organization by the Philippines Professional Regulation Commission (PRC).

Accounting is the art of recording, summarizing, reporting, and analyzing financial transactions of a business. Accountants analyze the financial performance of a business and look at the statistics such as profits and expenses, so they can help businesses make wise decisions.

ing to American Institute of Certified Accountants, 1941, “Accounting is the art of recording, classifying and summarising in a significant manner and in terms of money, transactions and events that are, in part at least, of financial character and interpreting the results thereof.”

In 1941, The American Institute of Certified Public Accountants (AICPA) had defined accounting as the art of recording, classifying, and summarising in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof'.

The PICPA organization shall be composed of four (4) geographical areas covering the entire Philippine Archipelago divided into Luzon, Visayas Mindanao and National Capital Region (Metro Manila), represented by nine (2) regions and four (4) sectors which shall be organized nationwide representing, the various sectoral ...

The PICPA supports CPAs and future CPAs by providing education, networking, leadership, and volunteer opportunities. The PICPA offers thousands of continuing professional education (CPE) programs annually, as well as social programs across the state.

Definitions of Accounting. ing to PICPA(Philippine Institute Certified Public Accountant) - Defines Accounting as a service activity. It function is to provide quantitative information, primarily financial in nature, about economic entities, that is intended to be useful in making economic decisions.