This is me, powering through against all the odds. ✨ PAPASA AKO. ☝️ MAGIGING CPA AKO. 🙏

TAX: General Principles * Taxation - strongest power * Power of Taxation for the: a. National Government - inherent b. Local Government - delegated * Inherent Limitations (PINES) 1. Public purpose 2. International comity 3. Non-delegability of taxing power

TAX: Income Tax on Individuals * Classification a. RC - within and without b. NRC/ RA/ NRA - ETB/ NRA - NETB - within only * Aliens staying in the PH for two (2) years or more can gain residence status. * Source of Income a. Compensation Income - tax table only

RFBT *Innominate Contracts d - give f - do d d - g g d f - g d f d - d g f f - d d do ut des - i give that you may give do ut facias - i give that you may do facio ut des - i do that you may give facio ut facias - i do that you may do

MS * Break-even Analysis BEPn (number → units) Formula: FC / CM per unit BEPa (amount → peso) Formula: FC / CM Ratio BEP will ↑ if FC ↑ , CM ↓ BEP will ↓ if FC ↓ , CM ↑

FAR * Estimation of Doubtful Accounts 1. % of Sales - computed amount is the BDE (for the) - sales is an IS account just like BDE - needs to be adjusted to get ADA 2. % of AR - computed amount is the required/ ending ADA (as of) - AR is a BS account just like ADA

Prayer for everyone: May the things we keep asking God for (passing our licensure exams, having a job, living happily, etc.) be the same things He is about to give us. Amen!

MS Notes Dump Topic: Cost Concepts Lecture by: Sir R

No way but up. Your grit will take you somewhere.

This sentence seemed so powerful to me that I just had to share it. It reads, YOU PROMISED YOURSELF THIS WAS THE YEAR, SO STOP WASTING TIME.

Super nakaka-calm ng nerves yung "You may not be able to recite what you studied but if you did good in your review preparation, you would recall those concepts when tested." It boils down talaga to trusting yourself and believing in the hard work you have put into your review.

Galingan niyo, May 2024 CPALE Takers! 🫡 🍀 May the odds be ever in your favor. 🍀

Kung hindi ka na makapag-aral right now, it's perfectly fine. At this point in time, it's okay to just relax You have already prepared academically for the exam. Now it's time to prepare physically, emotionally, and spiritually. Take care of yourself, magiging CPA ka pa. 😊♥️

✨ Believe that you will get what your heart desires. ✨ 🍀 Good luck, and God bless May 2024 CPALE takers! 🍀 #May2024CPALE

First day of CPALE done! Always remind yourself that showing up is already an achievement in itself! 💙💛

grabe iyak ko while watching Sir Wency's video on fb cheering on CPALE takers na palabas ng testing center. i was once like them, and parang nag-flashback lang lahat ng hirap. but guys, the hell of a ride was all worth it. waiting sa winning moment niyo, mga dalmatian CPAs! 🍀

Congratulations to our May 2024 CPALE takers! Thank you for showing up; that's already a feat, and passing it is another. Your courage is beyond commendable. Rest for now, and celebrate later. We know what's coming; you guys will see your name on the roll of successful examinees!

May 2024 CPALE passers, enjoy your day! 💗