Far Eastern University Institute Of Accounts, Business, And Finance
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Far Eastern University Institute Of Accounts, Business, And Finance
The Far Eastern University – Institute of Accounts, Business, and Finance, or simply IABF, is the academic institute offering accountancy and business programs of the Far Eastern University. It is regarded as the oldest institute of the university, established prior to the creation of FEU. The Commission on Higher Education (CHED) accredited its Business Administration program as a Center of Development since 2015 while the BSBA and Accountancy programs are certified by the ASEAN University Network-Quality Assurance (AUN-QA) and granted Level IV status by the Philippine Association of Colleges and Universities Commission on Accreditation (PACUCOA). Brief history The Institute predates the university itself from being established as a private institution in Manila years before the merger. Started from a dream of having an exclusive accounting school for Filipinos, Dr. Nicanor Reyes Sr., then head of the Department of Economics at the University of the Philippines, left ...
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Far Eastern University
Far Eastern University (Filipino language, Filipino: ''Pamantasan ng Malayong Silanganan''), also referred to by its acronym FEU, is a Private university, private non-sectarian Liberal arts college, liberal arts university in Manila, Philippines. Created by the merger of Far Eastern College and the Institute of Accounts, Business, and Finance, FEU became a university in 1934 under the guidance of its first president, Nicanor Reyes Sr. The first accountancy school for Filipinos, the university, through the years, has expanded its course offerings to the arts and sciences, architecture, fine arts, education, engineering, computer studies, graduate studies, tourism and hotel management, law, nursing, and medicine. FEU has seven campuses located in Metro Manila, Cavite and Rizal. It offers programs from elementary, secondary, tertiary, to graduate school. FEU Manila comprises several Institutes that offer specific programs. The accountancy program, along with its other Undergrad ...
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Accounting
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement ...
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Alfonso Yuchengco
Alfonso Yuchengco (; February 6, 1923 – April 15, 2017) was a Filipino accountant, industrialist, businessman, educator, and diplomat. He headed the Yuchengco Group of Companies, one of the largest family-owned business conglomerates in the Philippines. He also served as chairman of business and educational institutions including the Rizal Commercial Banking Corporation one of the country's largest commercial banks, Mapúa University, and the Malayan School and Colleges located in Makati, Paco, Davao and Laguna. Business interests Yuchengco was the Chairman of the Yuchengco Group of Companies, and concurrently the Chairman of the Board of MICO Equities, Inc. (holding company of the Malayan Group of Insurance Companies); Pan Malayan Management and Investment Corporation; Mapúa Institute of Technology; Nippon Life Insurance Company; and the Rizal Commercial Banking Corporation.Chairman's profile, Yuchengco Group of Companies. 2006. He had been the Chairman of the Board of Di ...
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Philippine National Bank
The Philippine National Bank (PNB, Filipino/ tl, Bangko Nasyonal ng Pilipinas, lit=; es, Banco Nacional Filipino; Hokkien ) is one of the largest banks in the Philippines. It was established by the Philippine government on July 22, 1916, during the American Era. The bank became the first universal bank in the Philippines in 1980 and was acquired by tycoon Lucio Tan after it was privatized by the government in 1989. After its merger with the Tan-owned Allied Bank on February 9, 2013, PNB became the fifth largest private domestic bank in the country. To date, PNB has a total domestic footprint of 713 branches and more than 1,400 ATMs strategically located nationwide. PNB maintains its position as the Philippine bank with the most extensive international reach with more than 70 overseas branches, representative offices, remittance centers and subsidiaries across Asia, Europe, the Middle East, and North America. History Early years The Philippine National Bank was establishe ...
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GMA Network
GMA Network (Global Media Arts or simply GMA) is a Philippine free-to-air television and radio network. It is the flagship property of publicly traded GMA Network, Inc. Its first broadcast on television was on October 29, 1961. GMA Network (formerly known as Republic Broadcasting System, GMA Radio-Television Arts and GMA Rainbow Satellite Network) is commonly referred to as the Kapuso Network in reference to the outline of the company's logo. It is headquartered in the GMA Network Center in Quezon City and its transmitter, Tower of Power, is located at Tandang Sora Avenue, Barangay Culiat also in Quezon City with regional stations and offices strategically located in over 9 major cities across the country. The original meaning of the GMA acronym was Greater Manila Area, referring to the initial coverage area of the station. As the network expanded it changed into Global Media Arts. The flagship television station of GMA is DZBB-TV (GMA-7 Manila) which carries VHF Channel 7 (a ...
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Asia United Bank
Asia United Bank Corporation (AUB) is among the very few banks that was granted a full-branch commercial bank license in 1997 and is operating until this day. In 2013, AUB joined the league of Philippine Banks that have become publicly listed and acquired universal banking status. AUB was registered with the Securities and Exchange Commission (SEC) on October 3, 1997. Its registered office and principal executive offices are located at Joy-Nostalg Center, 17 ADB Avenue, Ortigas Center, Pasig City, Philippines. AUB was granted the authority to operate as a commercial bank under the Monetary Board (MB) Resolution No. 1149 dated September 3, 1997 and commenced operations on October 31, 1997. In 2012, it obtained approval from the Bangko Sentral ng Pilipinas (BSP) to upgrade its license into expanded commercial banking status. In 2013, the bank was granted an authority to operate as a universal bank under MB Resolution No. 356 dated February 28, 2013. The universal banking license aut ...
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SM Investments
SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests in shopping mall development and management, retail, real estate development, banking, and tourism. Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines, being the country's dominant player in retail with 208 stores nationwide. Of these, 47 are SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets and 86 are SaveMore branches. It is the largest company in the Philippines in terms of market capitalization, and has repeatedly ranked as the top Philippine company in the Forbes Global 2000. History In 1958, Henry Sy Sr. started his first company, ShoeMart (SM), a small shoe store in Carriedo, Manila. He initially focused on buying large supplies of shoes from the United States. His business expanded as he transformed his shoe store into a department store. At this point, Sy set up his second company, SM Department Store Inc., and b ...
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Henry Sy
Henry Tan Chi Sieng Sy Sr. (; ; October 15, 1924 – January 19, 2019) was a Filipino businessman and investor. Born in Fujian, he moved with his family to the Philippines at age 12. While his family returned to China, he stayed behind and founded ShoeMart, a small Manila shoe store, in 1958. Over the decades he developed ShoeMart into SM Investments, one of the largest conglomerates in the Philippines, including 49 SM malls in the Philippines and China, 62 department stores, 56 supermarkets and over 200 grocery stores. SM also owns Banco de Oro, the second-largest bank in the Philippines, as well as real estate holdings. For eleven straight years until his death, Sy was named by ''Forbes'' as the richest person in the Philippines. When he died, his net worth was estimated at US$19 billion. Early life and education Henry Sy, also known as ''Sy Chi Sieng'' in Philippine Hokkien (''Shī Zhìchéng'' in Mandarin), was born in Jinjiang in Fujian, then still under the Republi ...
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Internal Audit
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Internal auditing might achieve this goal by providing insight and recommendations based on analyses and assessments of data and business processes. With commitment to integrity and accountability, internal auditing provides value to governing bodies and senior management as an objective source of independent advice. Professionals called internal auditors are employed by organizations to perform the internal auditing activity. The scope of internal auditing within an organization may be broad and may involve topics such as an organization's governance, risk management and management controls over: efficiency/effectiveness of operations (includin ...
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Business Administration
Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. From the point of view of management and leadership, it also covers fields that include office building administration, accounting, finance, designing, development, quality assurance, data analysis, sales, project management, information-technology management, research and development, and marketing. Overview The administration of a business includes the performance or management of business operations and decision-making, as well as the efficient organization of people and other resources to direct activities towards common goals and objectives. In general, "administration" refers to the broader management function, including the associated finance, personnel and MIS services. Administration can refer to the bureaucratic or operational performance of routine of ...
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University Of The Philippines
The University of the Philippines (UP; fil, Pamantasan ng Pilipinas Unibersidad ng Pilipinas) is a state university system in the Philippines. It is the country's national university, as mandated by Republic Act No. 9500 (UP Charter of 2008), giving it institutional autonomy. Originally founded by the American colonial government on June 18, 1908, it was established through the ratification of Act No. 1870 of the 1st Philippine Legislature to serve as an "advanced instruction in literature, philosophy, the sciences and arts, and to give professional and technical training" to eligible students regardless of "age, sex, nationality, religious belief and political affiliation." The University of the Philippines system has 8 constituent universities (CUs): UP Diliman, which serves as the system's flagship university, UP Los Baños, UP Manila, UP Visayas, UP Open University, UP Mindanao, UP Baguio, and UP Cebu which are scattered across 17 campuses. Widely regarded and ...
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Manila
Manila ( , ; fil, Maynila, ), officially the City of Manila ( fil, Lungsod ng Maynila, ), is the capital of the Philippines, and its second-most populous city. It is highly urbanized and, as of 2019, was the world's most densely populated city proper. Manila is considered to be a global city and rated as an Alpha – City by Globalization and World Cities Research Network (GaWC). It was the first chartered city in the country, designated as such by the Philippine Commission Act 183 of July 31, 1901. It became autonomous with the passage of Republic Act No. 409, "The Revised Charter of the City of Manila", on June 18, 1949. Manila is considered to be part of the world's original set of global cities because its commercial networks were the first to extend across the Pacific Ocean and connect Asia with the Spanish Americas through the galleon trade; when this was accomplished, it marked the first time in world history that an uninterrupted chain of trade routes circling ...
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