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 his ...
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Far Eastern University
Far Eastern University (), also referred to by its acronym FEU, is a Private university, private research non-sectarian 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 during the term of its first president, Nicanor Reyes Sr. The first accountancy school for Filipinos, the university 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 (province), 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 Undergraduate education, undergraduate programs, have received the highest Level IV accreditation from th ...
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Accounting
Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and Regulatory agency, regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably. 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. Management accounting focuses on the measurement, analysis and reporting of information for internal use by ...
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Alfonso Yuchengco
Alfonso Tiaoqui Yuchengco (; February 6, 1923 – April 15, 2017) was a Filipino accountant, banker, businessman of one of the largest family-owned Conglomerate (company), conglomerates in the Philippines. Rizal Commercial Banking Corporation, RCBC is one of the country's largest commercial banks, near Mapúa University, and the Malayan School and Colleges located in Makati, with branches in Paco, Davao and Laguna. Early life and education Yuchengco was born to Enrique Yuchengco, the founded of China Insurance and Surety Co. of the Yuchengco Group and Maria Tiaoqui in Binondo, Manila in 1923. Yuchengco attended a local Manila grade school, before attending De La Salle University for high school and finished in 1940. Then he held a Bachelor of Science in Commerce, major in Accountancy, from the Far Eastern University. He took and passed the licensure examinations for certified public accountants. Business career When Don Enrique passed away in 1953, the young Alfonso took ov ...
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Philippine National Bank
The Philippine National Bank (PNB, ; ; Hokkien in the Philippines, Hokkien ) is a major Filipino bank based in Pasay in the Philippines. It was established by the Philippine government on July 22, 1916, during the Insular Government, 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 Banking Corporation, Allied Bank on February 9, 2013, PNB became the fifth largest private domestic bank in the country. , PNB was the seventh largest banks in the Philippines by assets. It has 713 domestic branches and more than 1,400 ATMs. PNB has 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 established as a government-owned banking institution on July 22, 1916. Its primary ma ...
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GMA Network
GMA Network (an acronym of its legal name, Global Media Arts and commonly known as GMA) is a Television in the Philippines, Philippine commercial broadcast network, serving as the flagship property of publicly traded GMA Network (company), GMA Network Inc.. The network is headquartered in the GMA Network Center in Quezon City and its transmitter facilities, Tower of Power (transmitter), Tower of Power, are located at Tandang Sora Avenue, Barangay Culiat also in Quezon City, with regional stations and offices strategically located in over twelve major cities across the country including Dagupan, Naga, Camarines Sur, Naga, Bacolod, Iloilo City, Iloilo, Cebu City, Cebu and Davao City, Davao. 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; the branding was introduced on October 27, 2002 during an episode of its ...
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Asia United Bank
Asia United Bank Corporation (, also known in Hokkien ; & Mandarin ), commonly known as Asia United Bank or AUB, is a universal bank in the Philippines and licensed by the Bangko Sentral ng Pilipinas (BSP). AUB is the banking arm of the Rebisco Group of Companies, Inc. As of 2022, AUB is the thirteenth largest bank in the Philippines in terms of assets. History On October 3, 1997, AUB was registered with the Securities and Exchange Commission and started to operate as a commercial bank on October 31, 1997. In 2013, AUB was given authority by the Bangko Sentral ng Pilipinas to operate as a universal bank. In 2018, AUB plans to open 15 new branches, which will bring its network size to 264 by the end of the year. In July 2023, Rebisco president Jonathan C. Ng was elected as the chairman of the company, replacing Abraham T. Co. See also *List of banks in the Philippines The Philippines has a comprehensive banking system encompassing various types of banks, from large univer ...
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SM Investments
SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests in various sectors, mostly 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, Philippines. 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 sec ...
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Henry Sy
Henry Tan Chi Sieng Sy Sr. (; zh, c=, p=Shī Zhìchéng, zhu=ㄕ ㄓˋ ㄔㄥˊ, poj=Si Chì-sêng, s=, t=, first=poj; October 15, 1924 – January 19, 2019) was a Filipino businessman. Born in Fujian, he moved with his family to the Philippines at age 12. His family would later return to China, with Henry staying behind to establish 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 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 Zhìch ...
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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 ...
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Business Administration
Business administration is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. 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. 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 office tasks, usually internally oriented and reactive rather than proactive. Administrators, broadly speaking, engage in a common set of functions to meet an organization's goals. Henri Fayol (1841–1925) described these "functions" of the administrator as " the five elements of administration". According to Fayol, the five functions of management are pl ...
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University Of The Philippines
The University of the Philippines (UP; ) is a Higher education in the Philippines#State universities and colleges, state university system in the Philippines. It is the country's national university, as mandated by List of Philippine laws, Republic Act No. 9500 (UP Charter of 2008), giving it institutional autonomy. Originally founded by the Insular Government, American occupational 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) and 1 autonomous college: University of the Philippines Diliman, UP Diliman, which serves as the system's flagship university, University of the Philippines Los B ...
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Manila
Manila, officially the City of Manila, is the Capital of the Philippines, capital and second-most populous city of the Philippines after Quezon City, with a population of 1,846,513 people in 2020. Located on the eastern shore of Manila Bay on the island of Luzon, it is classified as a Cities of the Philippines#Independent cities, highly urbanized city. With , Manila is one of the world's List of cities proper by population density, most densely populated cities proper. Manila was the first chartered city in the country, designated bPhilippine Commission Act No. 183on 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 Hispanic America, Spanish Americas through the Manila galleon, galleon trade. This marked t ...
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