Financial Accounting I 2006 Edition

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A new version of “Financial Accounting I” has already been released by Atty. Conrado T. Valix and Jose Peralta. It incorporates the new standards: Philippine Accounting Standards, Philippine Financial Reporting Standards, International Accounting Standards, and International Financial Reporting Standards.

The book has a whole new different look.

010 valix_book

It has been 5 years since I last used Valix’s book. It was like a bible during our review for the board exams. Surely, I missed those days when I was yet reading it from cover to cover.

The book can be described as concise but almost complete. Simple but full of information. The context is broad but covers almost every topic.

It seems a must that every reviewee hold a copy of this book during the review. Surely, Atty. Valix found his niche into the accountancy profession.

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Comments 143

  1. Jayson wrote:

    i am from the university of san carlos we are alos advocates to valix’s book yet there is a need for us to know the answers for every chapter would you mind to tell valix to email me the answers of the book from chapters 1-8 because thats the chapter in which we have tackled already thanks. God Bless!

    Posted 05 Aug 2006 at 11:24 am
  2. deuts wrote:

    Hi Jason, I appreciate very much you stopping by my website. As far as I know, during our review, Atty. Valix provides answer keys of his books to faculty members and others in the academe practice. You may want to approach any accounting faculty members about this. Sorry, I don’t have contact with Atty. Valix, even email.

    Thanks again for dropping by.

    Posted 05 Aug 2006 at 2:56 pm
  3. Randy wrote:

    I am also a student from University of San Carlos Main Campus. I prefered to use the Financial Accounting books of Atty. Valix because we the students can easily understand the theory parts on this book rather than using the books of the other author.

    Posted 17 Aug 2006 at 11:01 pm
    (Randy is subscribed to followup comments on this post.)
  4. deuts wrote:

    Hey, thanks for visiting my site. I’m glad that we have a lot of accounting students here. Hopefully, if I have more time soon to blog, I’ll discuss about accounting. I mean, we can discuss about accounting. I actually already have topics in mind, and they are especially about the gray areas of accounting and auditing.

    Well, if you have particular accounting issues to discuss, or maybe just any acocunting experience, you are welcome to post it here. You may register and post an entry for me to publish after a review.

    Posted 18 Aug 2006 at 1:12 pm
  5. Sheree wrote:

    hi i came from University of Nueva Caceres and our qualifying exam is approaching i have to pass it to be able to continue to B.S. Accountancy……
    Can you give me some reviewers and tips for my exam….. the coverage of the exam is from Basic accounting(101 and 102) and the financial accounting (volume 1& 2) Thank you…….

    Posted 11 Oct 2006 at 10:35 am
    (Sheree is subscribed to followup comments on this post.)
  6. deuts wrote:

    Tips? I think I’ve mentioned it already that Valix’s book is concise but complete. It is worthwhile to note of every statement he says in the book. They are very important. You might not find it important at first read, but I tell you, you’ll realize soon that after all you needed those information.

    Thanks for dropping by my website, and by the way, where is Nueva Caceres?

    Posted 11 Oct 2006 at 1:51 pm
  7. Val wrote:

    That’s in Bicol Region. I cannot forget that university because it garnered second place in a National chess tournament among universities and colleges in the mid 90’s.

    Speaking of tips, just reads ALL the books you may find in bookstores or libraries authored by Valix. Of course just read the latest editions.

    Posted 11 Oct 2006 at 5:57 pm
  8. deuts wrote:

    @ Val, so have you been there? What do you think will happen to the World Chess Championship Match in Elista? Score right now is 5.5 to 5.5? How do you think will the the Game 5 “forfeit” controversy be resolved? Tough question, hey? hehehhehe :)

    Posted 11 Oct 2006 at 6:21 pm
  9. Val wrote:

    To be honest I really don’t know. I hope those idiots will now come to their senses to resolve the controversy as soon as possible.

    Posted 11 Oct 2006 at 7:33 pm
  10. mike wrote:

    hey, dumadami ang fans mo ah.

    Can you suggest to atty valix to prepare a book on financial acctg based on US Gaap. Nakakatamad kasi magbasa ng american books eh.

    Posted 12 Oct 2006 at 7:27 am
    (mike is subscribed to followup comments on this post.)
  11. Carl Andrew Denusta wrote:

    Hi, im havin a difficult time in financial accounting 2. Are there any other references you can suggest???

    Posted 23 Oct 2006 at 5:10 pm
  12. Chris Binas wrote:

    Hi!!!! Im Chris Jomyrson Binas from Tagbak, jaro Iloilo City!!!! I am an aspiring accountancy students!!! I dont know much!!! got any tips??? I just failed the nursing exam and am taking up accountancy. thanx

    Posted 23 Oct 2006 at 5:15 pm
  13. Eman Amistoso wrote:

    hey… I am from Central Philippine University… I just failed the qualifying exam for third year. This is going to be my 6th retake… I am having a difficult time with financial 1. It is just so hard… Can you tell Atty. VAlix to make it easier??? I feel so stupid…

    Posted 23 Oct 2006 at 5:18 pm
    (Eman Amistoso is subscribed to followup comments on this post.)
  14. deuts wrote:

    First of all, to Carl Andrew, Chris and Eman, are you different persons? Because I noticed that you use the same ip address, or do you three share the same computer?

    Posted 24 Oct 2006 at 10:08 pm
  15. Gabz wrote:

    Just dropping by. From Iloilo City.

    Posted 25 Oct 2006 at 5:13 am
    (Gabz is subscribed to followup comments on this post.)
  16. ruby wrote:

    is there a new edition of financial accounting volume 2 of atty. valix…

    Posted 25 Oct 2006 at 8:31 am
    (ruby is subscribed to followup comments on this post.)
  17. deuts wrote:

    Sorry, I practically don’t have any idea if there are any volume 2 new edition. I don’t have any contact with Atty. Valix. Thanks for dropping by anyway!

    Posted 26 Oct 2006 at 3:21 am
  18. ivy wrote:

    hi i’m ivy… from university of san carlos… wala lang… just wanna tell you how useful atty. valix’s book. We are using books of foreign authors and it’s just so amazing how atty. valix’s books help us to understand somewhat complicated topics since the books that we are using are under US GAAP…I’m very thankful that mr. valix was able to make such book…

    Posted 24 Nov 2006 at 5:20 pm
    (ivy is subscribed to followup comments on this post.)
  19. Sheryll wrote:

    Hi, from what site can i get full version of updated SFAS? Thanks.

    Posted 27 Nov 2006 at 10:20 am
    (Sheryll is subscribed to followup comments on this post.)
  20. deuts wrote:

    Do u mean PAS/IAS and PFRS/IFRS. Well, I’ve made some search in the past and I found out that they were not available anywhere (i.e., online). However, you can browse through some summaries of those standards in sites like the Deloitte’s IAS Plus.

    Posted 27 Nov 2006 at 11:56 pm
  21. Justin wrote:

    Merry Christmas Sir!
    I’m a student from Wesleyan University-Philippines in Nueva Ecija. I have studied your book in Practical Accounting. Is there a continuation of that book–something like Practical Accounting 2?
    Anyway, I appreciate the flow of your explanation in your book. It helps me to solve different problems, specially in our examinations.
    Sir, why don’t you come and visit Wesleyan? It is an honor for us to have a guest speaker in our next College of Business Administration and Accountancy Day.

    Posted 14 Dec 2006 at 9:20 am
  22. deuts wrote:

    Justin, you should understand that this is my personal blogsite. I have no way of knowing whether Atty. Valix has ever read this post of mine. So I’m not exactly sure whether you have conveyed your message in the correct medium. Thanks for dropping by my site, though.

    Posted 14 Dec 2006 at 2:00 pm
  23. Val wrote:

    lupit mo! Napagkakamalan kang author. pero magaling ka naman e. Di ka naman magiging topnotcher sa board exam kung di ka magaling. kaya nga top 8 tawag sa yo di ba? Kaya nga bilib na bilib ako sa yo e. naisip ko nga sana makuha ko man lang kalahati ng galing mo kaya lang naisip ko naman e mas magandang lalaki naman ako sa yo kaya lamang pa rin ako siguro. hehe. peace.

    Posted 15 Dec 2006 at 12:54 pm
  24. deuts wrote:

    astig talaga si idol Val! hehehe tagal na nating hindi naglalaro ng chess ah. gusto mo idaan n lng natin to sa chess? hehehehehe

    Posted 17 Dec 2006 at 10:08 am
  25. Val wrote:

    wag chess. mas matalino ka e. nba live 2004 na lang para fair. Lakers ako Bobcats ka parang yong first time nating naglaro.

    Posted 19 Dec 2006 at 8:04 am
  26. xxxdemonxxx wrote:

    hi, i’m from university of baguio, wats wid this site, s dis a fans club of valix

    Posted 15 Jan 2007 at 1:52 pm
    (xxxdemonxxx is subscribed to followup comments on this post.)
  27. franz wrote:

    Sir ang galing galing mo talaga sa accounting… Paturo naman…

    Posted 16 Jan 2007 at 3:12 am
  28. deuts wrote:

    Could you be so kind to to visit my About Page.

    Posted 16 Jan 2007 at 7:53 am
  29. ric wrote:

    hey! mr valix.. ang galing mo,.. sana dagdagan mo pa ung mga problem mo sa investments(lahat ng investmnts) naguguluhan kasi ako,.. and pahirapan mo pa ung mga problem kasi po mahirap magbigay ng exam sa school namin,.. if ever po puwede po bang humingi ng mga sagot sa mga problems sa mga textbooks niyo sa finac1and2? hihntayin ko po ang repoly niyo

    Posted 08 Mar 2007 at 9:37 am
  30. Val wrote:

    Mr. Valix ang galing galing mo talaga. Nag eextend ka rin ba ng loan? kunwari housing loan o kaya calamity loan

    Posted 08 Mar 2007 at 12:02 pm
  31. deuts wrote:

    Oo! Meron tayo jan 30% monthly interest pag binayaran mo monthly, at meron din 25% pag weekly nmn ang bayad! bwahahahaha!

    Posted 08 Mar 2007 at 6:16 pm
  32. Junnie wrote:

    Hello,

    Ako po ay estudyante ng isang unibersidad sa pilipinas.

    Musta nyo na lng po ako kay Mr. Valix

    Posted 08 Mar 2007 at 9:16 pm
    (Junnie is subscribed to followup comments on this post.)
  33. vinz wrote:

    im planning to tek a review course 4 cpa exam next year @cpar manila..and yet im having my self review by now..can you please giv the books used by cpar for the review in all subjects..

    tnx a lot

    Posted 22 May 2007 at 11:10 am
    (vinz is subscribed to followup comments on this post.)
  34. deuts wrote:

    The accounting profession is experiencing a rapid change right now. The text books we used 6 years ago are kind of obsolete already. Maybe you should just ask from the younger ones. Hopefully, someone from here will respond to your request.

    Posted 22 May 2007 at 11:16 am
  35. vinz wrote:

    k..tnx 4 da advise..kindly extent my tnx to atty valix his book rily helps me

    Posted 22 May 2007 at 11:25 am
    (vinz is subscribed to followup comments on this post.)
  36. Khayesha wrote:

    hi atty. im khayesha..incoming 2nd year college from San fernando, Pampanga, studying at East Central Colleges. i heard many things about you and your FINAC book,, they say that every problem are concise and easy to understand! It’s that true?? ehehe..i’m requesting to our Prof. to use your book for experience..anyweiz we do have financial accounting subject this sem. Can you give me some tips regarding on how to face this subject. Some techniques to be able to pass and the importance of Financial Accounting.. thank you so much.. Hopefully my request will merit your favorable kind consideration..Godbless

    Posted 01 Jun 2007 at 6:49 am
  37. vamei wrote:

    hi, im from Bicol University studying acctg. i juz wanna ask if can u giv me a copy of the answers of problems at the back of each chapter to serve as a reviewer for some student like us. This is because we have difficult time to have debate in our group when we find different answers in a problem.. tank u!

    Posted 11 Jun 2007 at 8:41 am
    (vamei is subscribed to followup comments on this post.)
  38. kristine rayos wrote:

    Hi,

    Im already working but still want to take the cpa board but dont have time to attend review school that is y im planning to have self-review. Do you know how much the book cost? And whre can i buy these books? They are not available in National Bookstores.

    Posted 13 Jun 2007 at 5:31 am
  39. deuts wrote:

    yeah, I don’t think it’s available in the national bookstore. Check them out in Recto.

    Posted 13 Jun 2007 at 9:20 am
  40. dhiyez wrote:

    i have a volume 2 of financial accounting by atty. valix

    Posted 14 Jun 2007 at 7:08 am
    (dhiyez is subscribed to followup comments on this post.)
  41. dhiyez wrote:

    ahm… i need to learn more about financial accounting…

    Posted 14 Jun 2007 at 7:11 am
    (dhiyez is subscribed to followup comments on this post.)
  42. beng wrote:

    ..how much po ang financial accounting volume 1???.. we’ve been waiting for the book…

    Posted 16 Jun 2007 at 9:21 am
    (beng is subscribed to followup comments on this post.)
  43. Hanalyn C. Tilos wrote:

    The Caballes bookstore here in Negros Oriental used to have a financial accounting 1 book 2006 edition but they run out of stock. I really needed that book because our professor required us to do so. Even the new opened National bookstore don’t have that book. I hope there will be more production of financial accounting 1 2006 edition ,volume one by Valix and Peralta. Thank you.

    Posted 18 Jun 2007 at 3:52 am
  44. dhiyez wrote:

    anyone who have a answer key for advanced accounting volume 2 by pedro guerrero and jose peralta… thanx

    Posted 19 Jun 2007 at 10:11 am
    (dhiyez is subscribed to followup comments on this post.)
  45. melward wrote:

    It take’s me almost 30 minutes to read all your comments guys and im happy to hear na dami palang naka interest sa topic mo deuts. Bilib ako sayo.

    To all the BSAccy student hu keep on asking answer keys on Valex books. Ask your respective proffessor. I know they hav 1. or else iba ang intent nyo para mangupya ng answer. gawain ko kasi yan dati eh kaya eto frustrated CPA. palaboy2x nalang sa kalye pagkatapos bumagsak sa exam. hehehe regards to all.

    Posted 20 Jun 2007 at 4:06 am
    (melward is subscribed to followup comments on this post.)
  46. deuts wrote:

    Hi Melward, Oo nga eh, pinost ko lng naman dito how this book has been part of my life. Pero ewan ko ba kahit anong explain ko na wala akong contact ni Atty. Valix eh madami pa rin mga nag-iiwan ng message dito para sa kanya…hehehe

    Posted 20 Jun 2007 at 9:57 am
  47. tam2 wrote:

    Hana, tama ka, wala ng stock ng financial acctng. 1 2006 edition by valix and peralta. Sana makapagproduce pa sila ng maraming libro. KAILANGAN NAMIN NG FINANCIAL ACCTNG 1, VOL. 1, BY VALIX AND PERALTA, 2006 EDTION. PLS.PADALHAN NYO NG STOCK DITO SA DUMAGUETE CITY, NEGROS ORIENTAL.

    Posted 21 Jun 2007 at 4:18 am
  48. ai-ai wrote:

    sir, good day! your the man!

    Posted 25 Jun 2007 at 9:44 am
    (ai-ai is subscribed to followup comments on this post.)
  49. Lyno7 wrote:

    hi.. im lyn from san pablo city laguna,, i’m an aspiring accountancy student and now i’m on my 2nd year and taking financial accounting.We are using the fin.acctg. book by atty. valix, can you give me some tips about tha subject,,,, thnx,,,

    Posted 02 Jul 2007 at 8:21 am
    (Lyno7 is subscribed to followup comments on this post.)
  50. marco wrote:

    hey man,whats up?
    i was wondering if u could help me,im having a lot of problems regarding the presentation of the cost of goods sold section of the income statement for manufacturing,,
    if the task is presenting the COGS section based on already existing accounts with determinable amounts,im very much alright with that..
    but when it comes to filling some missing values on the COGS,thats when i start having some difficuties..
    oh,im currently taking financial accounting part 1 at university of the east manila. thnx dude,,
    and if you happen to be a music lover like i am,check out my band’s myspace page..its ay http://www.myspace.com/antropinehxc
    -=hardcore still lives=-

    Posted 02 Jul 2007 at 8:33 am
  51. einuj wrote:

    sir. i am student in uc, can u tell the tips on how to undrstand accounting easily? we are in financial volume 2 now and we are using the book of valix.

    Posted 07 Jul 2007 at 1:10 pm
    (einuj is subscribed to followup comments on this post.)
  52. Nancy wrote:

    Good afternoon! Do you have Financial Volume 2 2006 edition and Theory of Accounts,Practical accounting 1 problem solving latest edition and how much it cost?

    Posted 01 Aug 2007 at 8:25 am
    (Nancy is subscribed to followup comments on this post.)
  53. angel wrote:

    the book is nice hehehe

    Posted 02 Aug 2007 at 7:30 am
    (angel is subscribed to followup comments on this post.)
  54. karina wrote:

    hi,,,ang baho mo!!!!!pwede mo bang iplug tong comment ko!!!!!

    Posted 07 Aug 2007 at 10:38 am
  55. Sacrament wrote:

    perfect b ung book ni atty valix?

    Posted 15 Aug 2007 at 11:54 am
    (Sacrament is subscribed to followup comments on this post.)
  56. mich wrote:

    mahirap tlga accounting!! pero kung dream mo tlgang mging CPA…kailangan kayanin mo..”Ajah”..
    masarap naman ang feeling when you get the right answers…hay daig u p nanalo sa deal or no deal..if banker offer me a big amount 2 give up accounting..sorry banker but “no deal…’

    Posted 25 Aug 2007 at 11:50 am
    (mich is subscribed to followup comments on this post.)
  57. mich wrote:

    Naku!!sir..actually ok p grades me financial…pero cost…aray!!!
    buti n lng..lakas fighting spirits me…he he he..
    ganyan tlga may pangarap eh..
    …golf without bunkers and hazards would be tame and monotonous. so would life….

    Posted 25 Aug 2007 at 12:00 pm
    (mich is subscribed to followup comments on this post.)
  58. mich wrote:

    to marco:
    hi…with regards to your problem..bka skali lng mk2long…dpat memorize mo ung form ng COGS…when there are missing values, u have 2 work back…(squeezing)..sometimes equations are useful, mggamit mo dian ung wlng ktpusang..x&y..s math…u shld also take note d’ percentages given…mgbasa u prac.2 n antonio dayag at prac.1 ni valix…i think makaka2long un..dat’s all & good luck s acctng.

    Posted 25 Aug 2007 at 12:08 pm
    (mich is subscribed to followup comments on this post.)
  59. mich wrote:

    to marco:
    hi!bka skali lng mk2long.2ngkol s COGS, kailangan memorize u ung form…when der r missing values, sometimes u have 2 work bck.(squeezing), pwede rin u gmitin equation..s math ung x&y..suggest q lng book ni valix na prac.acctng1 at prac.acctng2 ni dayag..
    dat’s all and good luck s acctng..kaya mo yan.

    Posted 25 Aug 2007 at 12:16 pm
    (mich is subscribed to followup comments on this post.)
  60. romeo wrote:

    give me tips in depriciation topic!!!!!!!!!!!!!!!!!

    Posted 27 Aug 2007 at 3:27 pm
    (romeo is subscribed to followup comments on this post.)
  61. Patrick wrote:

    pwede po bang malaman kung ano ung e-mail add ni atty. valix?

    Posted 28 Aug 2007 at 1:04 pm
    (Patrick is subscribed to followup comments on this post.)
  62. NiLe wrote:

    whaaaaaaaaa…i’m from iloilo..ang hirap ng accounting…pamatay ang financial accounting especially yung part sa bonds at anu-anu pang payable……..hindi ko naman magawang mag shift ng course…eh di tiis na lang.hehehe

    Posted 01 Sep 2007 at 11:54 am
    (NiLe is subscribed to followup comments on this post.)
  63. NiLe wrote:

    may alam ba kayong website kung saan pwedeng mag interconnect yung mga aspiring accountancy?

    Posted 01 Sep 2007 at 11:56 am
  64. jigz wrote:

    sir…i’m a BS accountancy student…can you ask atty. valix 2 pls provide us an answer copy of his accounting books. we badly need it for our study…with that, we will be able to contrast what we’d made and the right answer. thanx 4 having dis site sir…!

    Posted 04 Sep 2007 at 8:59 am
  65. carlos valix wrote:

    hello bakit kahirap ng libro ni valix!! kakabuwang ha?? kamag anak ko p man din yan,hahah pero di ko pa xa nakikita e

    Posted 17 Sep 2007 at 2:26 pm
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  66. dhiyez wrote:

    hi… kung sino man po ang my care magturo sakin… sa accounting 3rd year na ko… hehehe ala ako natututunan pero gusto ko pa din matuto kahit nawawalan na ko ng pag asa… email nyo aman po ako… kasi gusto ko pa sumipag…. hirap po kasi talaga… tnx

    Posted 18 Sep 2007 at 11:05 pm
    (dhiyez is subscribed to followup comments on this post.)
  67. jm wrote:

    hi, im an acoountancy student from iloilo, grabe ang hirap talaga ng accounting subjects ko..
    Mr. valix paturo naman ako! hirap talaga eh!

    Posted 01 Oct 2007 at 2:29 pm
  68. armie wrote:

    hi atty valix, i’m armie and i just want to ask how you can easily solve the problem and what is the easiest way to solve and analyze the problem…can you send me some tips to solve and analyze it…please…shennette_18@yahoo.com…or can you give me an wonderful advice…thank you bye…i will wait for your reply on my yahoomail…take care GOD BLESS!….ARMIE

    Posted 14 Oct 2007 at 12:03 pm
  69. joey wrote:

    hi atty, can u send me the answers of financial accounting 1.. i really love accounting because it is really difficult…

    Posted 25 Oct 2007 at 2:11 pm
  70. Rose Ann B. Torrizo wrote:

    hi…meron na po bang 2007 or 2008 edition ng advanced acctg. volume 2 by peralta and guerrer?

    Posted 08 Nov 2007 at 7:39 pm
  71. deuts wrote:

    I’m sory I don’t have any idea.

    Posted 09 Nov 2007 at 9:05 am
  72. zel bee wrote:

    please help naman ng tachnique para mas madali matutunan ang lessons from your book
    ……
    not just for me but for the other studes din

    Posted 10 Nov 2007 at 9:19 pm
  73. Glen de guzman wrote:

    hi Atty Valex!I’m living in England and I’m n the university right now taking accounting course.di ko masolve ung cases ko sa repayments/amortazations kaya I need ur financial accounting Volume 1&2.hirap kasi nakalimutan ko na ung pinagaralan ko sa accounting sa luzon university.what s the latest edition, how much and where to get/buy them.I could ask my sister to buy for me and send it here.hirap kc intindihin mga aklat d2.i prefer ur books.

    thanks and waiting for ur reply.

    Posted 13 Nov 2007 at 10:21 pm
  74. Reynaldo Laureto wrote:

    Atty, i want to review my ownself for the CPA board exam, would you recommend me a reviewer to use, i am working kasi kaya di ako maka attend sa mag review center.
    Thanx!!!!!!!!!!1

    Posted 21 Nov 2007 at 5:46 pm
  75. Randy Rulf Radam wrote:

    Ang hirap magpaexam ung Prof namin sa investment property…I wish you will give additional examples of problem regarding this topic..

    Posted 01 Dec 2007 at 4:39 pm
  76. dose89 wrote:

    Sir…pwd ba mkahingi ng Copy sa mga answers sa FInACC2 by Atty. Valix???
    I really wanted to get high grades on this, I want to understand it further . Maganda kc kng meH source pra mas maintndihan q at ma compare Ung mga sagot ko…. More Power! God bless!

    Posted 04 Dec 2007 at 11:27 pm
  77. dose89 wrote:

    p2LONG NMAn sa Bonds PaYable OHhh..any1????…..tnx…

    Posted 04 Dec 2007 at 11:30 pm
  78. Grace wrote:

    hi!, maybe you can help me in this area. I need the newest version of Financial Accounting 1 & 2 of Mr.C.Valix. Also can you recommend a good book/author about Cost Accounting or Managerial Accounting? I am currently upgrading my Accounting degree here in Manitoba, Canada under a joint program by the government and CGA - Manitoba called “Internationally Trained Accountancy Program”. CGA (Certified General Accountants). This program are for new immigrants who meet and passed certain qualifications. I was able to get hold of the Financial Accounting 1 & 2 books of Mr. Valix & Mr. Peralta, 2000 edition. The books are easier to understand. I mean, straight to the point. If you can tell me where my relatives in the philippines can buy it. They are from makati. Somebody will be comming here before the year ends. PLEASE..also, the answer books??.. I am going to take the national board exam on March, 2008. I would really appreciate the help that you can extend to me.thank you very much..grace

    Posted 09 Dec 2007 at 7:48 am
    (Grace is subscribed to followup comments on this post.)
  79. rachelle wrote:

    Hi guys!medyo weird lang kasi yung graduate na ng accountancy but still di pa nila alam kung anong anong importance ng acctg or kung san makakakuha ng sagot. TIP lang po. pra mapadali yung pagaaral nyo. sa FINANCIAL ACCTG 1 gamitin nyo yung kay valix na Theory of accounts, then saka kayo mag fin.acctg 1. or para praktisado magbasa kayo ng PFRS or IFRS. tpos pra sa mga problems gmitin nyo yung PRACTICAL ACCTG 1 ni valix, tpos yung REVIEWER naman ni UBERITA.mas maganda ang reviewer ni UBERITA ksi mas mahirap at lhat halos ng different ways ng pagsolve andun. pra naman sa FINANCIAL ACCTG 2 ni valix, gamitin nyo yung REVIEWER ni DAYAG.reviwer sya ng RESA ata. tapos para naman sa cost acctg REVIEWER din ni dayag. at para sa management advisory services, maganda yung reviwer ni EDLAGAN.mura lang lahat ng book na yan sa RECTO.book ni valix 400 pesos sa national bookstore. pero 180 lang sa recto.lahat yan eh basic lang.pero pag review na mas maganda kung mas mahirap na books.pra sure na makakapasa. gudluck

    Posted 11 Dec 2007 at 4:30 pm
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  80. henry wrote:

    i like this site!! Valix ang main topic taz mga tips..hehe..nakakuha tuloy ako ng mga tips..Ahm, may nabasa po ako ang Mga libro ni Valix hindi available sa bookstore? ay samin available kaso mejo late nga lang ung 2007 edition.. kaya sa maynila pa kami nag order. .I’m still a second year student..and we are using the book of Valix..Actually, tinatackle palang namin ang FINac I kahit 2nd sem na kasi super tutok, kasi daw one of the most difficult ang finac…and yes, ang theories nun e andun lahat sa theory of accounts, and ang short probs e andun sa Practical ACCtg. I, Valix din..o kung gusto mo din mahirapan and to see more difficult solutions get also the Pract I of UBERITA..tapos if you want more challenge acquire the book of MA. Elenita B. Cabrera,,,baka dumugo ung ilong mo sa sobrang hirap ng mga probs nia..hehe…

    Posted 15 Dec 2007 at 10:15 pm
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  81. nathaniel labitag wrote:

    CPAs are not born, they are made.. To become a CPA you need discipline, perseverance, diligence and sacrifice..

    Posted 17 Dec 2007 at 9:20 pm
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  82. Nathaniel Labitag wrote:

    “Be dead serious.. Resolve to become a CPA! If you are not serious, stop it! To become a CPA you owe it to yourselves. You must be honest with yourself. Am i dead serious?ask yourself. The formula is to be determined to become a CPA. Teachers see themselves in you but they do not matter. The core of the matter is you. Develop self-discipline. Be a CPA with or without a teacher. Avoid a quack mind. Don’t copy the work of others. Learning must be your own effort. I know that your parents are working hard for you. Think about them. They save every peso just for you to become a CPA. Wage yourself against your present situation. Society is against poor condition. Communicate with God. Your parents are proud to send you to school of Accountancy. Reciprocate them by becoming a Certified Public Accountant.”

    Posted 17 Dec 2007 at 11:34 pm
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  83. deuts wrote:

    Very well said Nathaniel.

    Posted 18 Dec 2007 at 10:09 am
  84. Mike wrote:

    be serious(?) and have fun as well …hehe

    Posted 19 Dec 2007 at 7:06 am
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  85. nathaniel wrote:

    ..happy holidays everyone… pray always..

    Posted 19 Dec 2007 at 10:36 pm
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  86. sibat*01 wrote:

    ei, i just read your comments… i am inspired to the wisdom of nathaniel, and yeah, very well said… i feel so driven everytime i hear or read words of wisdom especially concerning things i can relate with.. i think, that’s what i need… and so with other students in here posting comments.. to all of us, accountancy students, good luck! may we all accomplish our individual goals… konting tyaga tyaga lang, worth it naman yang pagbagsak bagsak sa accounting eh, ang importante is you are learning from those failures… well, hanggang dito na lang, i feel for those who are studying miles from manila, kasi they cannot buy books abundant in recto… i hope you can find at least a way to buy books from recto, kasi ung financial accounting 1 and 2 and other books, always available yun.. i think it’s better if you buy ng maramihan… cge, if i can help, just post it here.. - sibat*01 ^_^

    Posted 26 Dec 2007 at 7:10 pm
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  87. khaye wrote:

    Happy New Year Sir!!! ummh do you know the answers in the Problems of Chapter 1 to chaptr 4 FINAC Part 2 (2007 or 2008 edition) of Atty. Valix Book??? i really need the answers for confirmation if my answers were right.. besides my Prof usualy get our exams in the book of Valix..problems after each chapter..if you don’t know sir,, do you have contact with him?? i hope you will response.. Thanks a lot..Godbless

    Posted 06 Jan 2008 at 9:21 am
  88. khaye wrote:

    by the way ..anyone who knows the answers in the Problems found in the Fianncial Accounting Part 2 of Atty. Valix pls. send me the keys or just text me in my Number 09289526613.. even Chapter 1 to 4 only may do.. please i really need the answers …it’s really hard for me to answer them because our prof was not good in teaching.. he does not explain each chapter very well… when we enter his class,, he just give the xerox and quizers then that’s it..he even not teach us how to solve the problems..we’re now in Chapter 2,, almost done and i can say that nothing came in my mind.. ive never learned..this is my first time that i didn’t enjoy accounting..

    Posted 06 Jan 2008 at 9:30 am
  89. khaye wrote:

    elow mS. rACHELLE maRAVILLA..i got your message…hmmm thanks po pala sa pagshishare about kung san ko makikita yung mga answer keys.. Promise i will share your message to my classmates.. Yung bang Practical Acctg 1- dun makikita yung mga sagot sa Finac 1 ni Valix??? eh how bout ung mga sagot sa Finac 2 ni Valix san ko makikita??? sa Practical 1 din ba??? ehehe.. anyweix thanks again..and Godbless.. can i have ur email pala..tnx

    Posted 07 Jan 2008 at 10:15 am
  90. deuts wrote:

    How I wish I only knew how to contact Atty. Valix, so I can forward all your concerns to him, and respond to all your questions.

    Posted 07 Jan 2008 at 10:20 am
  91. sibat*01 wrote:

    ei, u can see all the answers of financial accounting volume 1 and 2 in Practical accounting 1 of atty valix. it really helps studying practical accounting 1 not just of valix’s but also of uberita’s… by the way, i am still using those books because i am currently studying financial accounting part 2. i hope you guys have those books as early as now. auditing problems also will do if you have time and you are very dedicated to really learn.. i can post or send to you the answers if not for the hectic days to come… goodluck then! ^_^

    Posted 08 Jan 2008 at 1:29 pm
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  92. sibat*01 wrote:

    ei, sir deuts, you can contact him in his review school, CPAR. one of his co-workers is currently my professor in law on oblicon..huhu, we are kind of stuck in low grades with him (our prof) because he is treating us as if we are law students…well, i believe that that is for the betterment of our learning. but please give me some tips on how to pass this subject… i don’t want to take this subject for the second time next academic year.. i don’t want to take his removal exam either.. pls, i need some wisdom and thoughts about this matter… hehe. thanks sir! ^_^

    Posted 08 Jan 2008 at 1:40 pm
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  93. kenrick.ngo wrote:

    Hi, im ken form SGV and Co.

    do you know where i can get a soft copy of Valix’s PA1 and PA2?

    Thanks a bunch

    Posted 08 Jan 2008 at 4:10 pm
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  94. deuts wrote:

    Sorry I don’t have any idea. But for sure, if there will be one, it would be tantamount to unauthorized replication.

    Posted 08 Jan 2008 at 4:16 pm
  95. sibat*01 wrote:

    yeah, our school has it in its library’s internet thing. only PA1 dude and i believe it (PA1) can only be accessed inside the school and i haven’t tried it yet. hehe. By the way, Valix has no PA2, only PA1. or maybe you were asking about FA1 and FA2? ^_^

    Posted 09 Jan 2008 at 10:47 am
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  96. paul wrote:

    eh..ano-anong skul gumagamit ng kanyang libro?libro rin kc nya gngamit namin.yung volume 2 2008 edition iniba na.hindi n xa gaanong makapal.parang gnawa atang 3 volumes yung FA

    Posted 09 Jan 2008 at 8:49 pm
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  97. sibat*01 wrote:

    in our school kasi, mejo may discrepancy regarding the books. parang read what you want/can so long as makakakonek ka sa mga topics. in our case, pagdating sa accounting, our prof requires us to study (when i mean study, i mean really read, understand and solve) as much books as we can. most of the students in ncr, especially those accounting schools na nasa University Belt, more often than not, may mga valix books yan. yep, the financial accounting of valix is now divided into 3 volumes. dunno what happened, but i believe, it’s because of the demand. maraming bumibili eh, kaya ganun, more profit. if you get what i mean. hehe. un! i believe, pare parehas lang ang laman ng financial accounting books niya starting 2006. kasi ang alam ko 2005 pa nagkaroon ng amendments sa standards. hehe.. sige, gudluck ulit! keep posting. hehe. ^_^

    Posted 10 Jan 2008 at 9:50 pm
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  98. Paolo wrote:

    Thanks for making a review about the accounting book written by Valix. I’m looking for other accounting books written by Valix(the basic accounting books to be speific) because it’s my first year in San Beda College, Manila and I have difficulties of attending accounting classes due to schedule problems. I know that I can improve my grades if I’ll be able to get a copy of practical accounting 1 and 2. Can you tell me where to get a copy in Manila so that I will be able to make it in the qualifying exam( the qualifying exam, our professors said, was like a board exam that contains practical accounting 1 and 2). Thanks a lot. Your site is very useful.

    Posted 10 Jan 2008 at 11:30 pm
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  99. rachelle wrote:

    sa recto, malapit sa feu. ang dami dun mura pa

    Posted 11 Jan 2008 at 8:51 am
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  100. deuts wrote:

    Thanks Paolo. I would be glad to provide a venue to discuss these things and somehow help the CPA aspirants and also the students.

    Posted 11 Jan 2008 at 10:00 am
  101. sibat*01 wrote:

    whoa, paolo. kapwa bedista mo ko dude! ^_^ sino ba prof mo?. hehe.

    Posted 12 Jan 2008 at 6:41 am
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  102. katy wrote:

    Hi! I just wanna ask for help in choosing the right books/reviewers in all subjects. I am currently self reviewing right now because i have no time to take a formal review due to my work. I am planning to take the exam this october 2008. Is there anyone willing to help me? Please! thank you very much!

    Posted 20 Jan 2008 at 9:33 am
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  103. Shervin wrote:

    Hi Katy, I am a coming reviewee of CPAR in Manila. I am also a self reviewing student because my school is not that competitive but my advice for books and authors are:
    Auditing Problems - Cabrera or
    Auditing Theory - Cabrera
    Practical Accounting 1 - Valix or Uberita
    Practical Accounting 2 - Guerrero
    Commercial Law - Suarez
    Taxation - Reyes
    MAS - Cabrera
    Theory of Accounts - Valix

    Kukuha din ako ng exam this October, ang latest news is