The Far Eastern University – Institute of Accounts, Business, and Finance, or simply IABF, is the academic institute offering

accountancy Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys ...

and

business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for ...

programs of the

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 ...

. It is regarded as the oldest institute of the

university A university () is an educational institution, institution of tertiary education and research which awards academic degrees in several Discipline (academia), academic disciplines. ''University'' is derived from the Latin phrase , which roughly ...

, established prior to the creation of FEU. The

Commission on Higher Education (CHED) In-Commission or commissioning may refer to: Business and contracting * Commission (remuneration), a form of payment to an agent for services rendered ** Commission (art), the purchase or the creation of a piece of art most often on behalf of anot ...

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 The ASEAN University Network (AUN) is an Asian university association. It was founded in November 1995 by ASEAN member countries including 13 universities. After the enlargement of ASEAN by the ASEAN Charter in 1997 and 1999, the AUN membersh ...

-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 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 ...

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 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, Re ...

, left his position to follow this dream. With several prominent educators from the UP, he founded the Institute of Accountancy in 1928. Upon branching out to other fields related to accountancy such as economics, business management, and finance, the institute was renamed as the Institute of Accounts, Business and Finance (IABF) a year later, in 1929. In 1933, Dr. Reyes would gain control over the stocks of the Far Eastern College, another institution in Manila, established by Don Vicente Fabella in 1919, and merges it with the IABF, giving birth to the Far Eastern University. IABF would continue to operate as an academic institute under the university, being its flagship institute. Through the years, IABF has been hailed as one of the largest business schools in the country. With innovative ways to modernize the curriculum, FEU has produced a high rate of business and accountancy graduates, consistent top-performers in the CPA Board exams, and a list of distinguished alumni.

Degree programs

Undergraduate programs

* Bachelor of Science in

Accountancy Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys ...

* Bachelor of Science in

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 o ...

* Bachelor of Science in

Internal Auditing 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 ...

* Bachelor of Science in Business Economics * Bachelor of Science in Human Resource and Organizational Development

Graduate programs

* Master in Business Administration

Notable alumni

* Henry Sy, Sr. - Founder of

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 H ...

* Ramon Sy, Sr. - Former Vice President of the Asia United Bank (AUB) * Menardo Jimenez - Former

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), ...

President * Feliciano Miranda, Jr. - Former President of the Philippine National Bank (PNB) * Benjamin Punongbayan - Founder of P&A Grant Thornton *

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 Corporati ...

- Former Philippine Representative to the

United Nations The United Nations (UN) is the Earth, global intergovernmental organization established by the signing of the Charter of the United Nations, UN Charter on 26 June 1945 with the stated purpose of maintaining international peace and internationa ...

References

{{FEU Far Eastern University Business schools in the Philippines