wow...just got back from a really fast overview of the new accounting standards (PAS and PFRS). this smart guy from sgv conducted the seminar. apparently, we are moving towards international standards already. implementation started as soon as year 2000. this year the remaining 8 standards will be implemented. so many changes....so many things to be familiar with. it's been, what? more than ten years...and i feel like i need to go back to school to really understand everything. sigh

plus: all these are happening, parallel with the new e-vat law implementation effective Nov 1. ugghhh

i'm done in preparing the draft of the process flow needed for the new tax law implementation. including SAP system reconfiguration requests to ultimately achieve smooth implementation. so much work to be done...so little time to prepare.

there is really nothing constant in this world except ....CHANGE. given our economy, the nature of the industry and career i'm in, it seems that major changes are taking place every once in awhile. its up to me to keep myself updated and adjusted to all these.

sometimes i wish i can just stay at home and take care of my kids...but even that is something inconceivable for me. their changing needs as they grow up can keep a mom as toxic as any other accountant rushing urgent month-end reports.

so i'm really left with no choice but to ride with the tides. i guess i just have to deal!


Currently listening to: not myself - john mayer (how to deal OST)
Currently feeling: working
Posted by princess_bride on November 9, 2005 at 06:28 PM | 6 danced with me
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Comment posted on November 10th, 2005 at 06:06 PM
i believe the evat law was approved nov 1 but the implementation will be on jan2006 pa (and the president still has the power to delay it...hehehe)...

wow you know sap? ako napag-iwanan na ata ng mga bagong kaalaman sa accounting.
Comment posted on November 10th, 2005 at 06:12 PM
well, the implementation of the 12% will be Jan06 but the changes in the treatment of input tax on depreciable goods and the 70% cap on output vat will be effective Nov 1. i doubt it if the president will delay it. there is so much money at stake, mababawasan budget nya. hehehe.

nyeh, i know how to use sap but to reconfigure it to suit the company's reportorial requirements is up to the experts. hehehe...

thanks for dropping by girl. :-)
Comment posted on November 14th, 2005 at 04:15 AM
honestly, this is the part of taxation that i can't understand. hehehe.
Comment posted on November 14th, 2005 at 10:10 AM
hehehe...confusing lang sa umpisa but once you get the hang of it madali na lang. :-)
Comment posted on November 10th, 2005 at 08:31 AM
i am hoping as well. thanks for the support balong. ;-)
Comment posted on November 10th, 2005 at 02:08 AM
I hope you'll have the energy to cope with the tides. I'm praying for it. :)