Debit & Credit


The “Debit Credit” newspaper column was launched in the Business Mirror starting on September 21, 2015. This column accepts articles from contributions from the accountancy profession and is featured every Monday in the business newspaper.

“This column is aptly called “Debit Credit,” which is the basic language or principle of all accountants. True to the character of accountants, the articles to be written for this “Debit Credit” column would present all sides of an issue to have a fair representation of a topic. The “debits” and “credits” of a subject would be threshed out in all the articles to be featured in this column “said Chairman Joel Tan-Torres.

“Our fellow accountants will be contributing articles for the “Debit Credit.” column. These articles should be of interest to the accountancy profession, in particular, and to the business community, in general. These accountants can be any of the more than 165,000 Certified Public Accountants (CPAs) registered with the Board of Accountancy. Those CPAs in the various sectors of commerce and industry, public practice, academe and government can contribute articles of interest in their particular fields. Even the junior accountants studying in the various accounting schools can also share their thoughts on relevant matters of interest,” said Chairman Tan-Torres

“The first article in our column discussed the Philippine Tax Academy which is a creation of law but has yet to be organized at this time. This Academy should be of interest to us because once this training center for our tax collectors is organized, we can expect a a more professional and capable corps of tax collectors from the BIR, Bureau of Customs, and our local governments,” said Chairman Tan-Torres.

The link to this article is…/

To date, as of May 2017, 90, articles from various accountant writers have been featured in the Debit Credit column. These articles are posted in the BoA website and can be downloaded from the link

Those interested in contributing articles for consideration for publication in the “Debit Credit” column can write articles in Word format  not exceeding 600 words,  double spaced. Articles exceeding 1,200 words can be serialized.  A short write up and 2” x 2” photo of the writer should accompany the article.

These articles can be emailed to

CPAs whose articles are published in the Business Mirror shall get five(5) units of CPD.


Philippine Tax Academy : The envisioned center of learning for government tax collectors and CPAs – Joel Tan-Torres, September 21, 2015

Philippine Tax Academy : The envisioned center of learning for government tax collectors and CPAs – Joel Tan-Torres, September 21, 2015

Philippine Tax Academy : The envisioned center of learning for government tax collectors and CPAs Part 2 – Joel Tan-Torres, September 28, 2015

Expanding Horizons of the AccountantDr. Eliseo Aurellado, October 5, 2015

Traffic! Traffic! Traffic!Marco Fernando Ng, October 19,2015

A Simple ChoiceAnthony Alden Aguilar, October 26, 2015

Revision in the CPA Licensure ExaminationDr. Gloria Baysa, November 2, 2015

All About BIR FormsJeffrey Salazar, November 9, 2015

Creative Wealth through Effective Financial PlanningCesar Mansibang, November 16, 2015

Putting Emphasis on Disclosures: Accounting Estimates and JudgementsFilbert Tsai, November 23, 2015

The Four Faces of the CFODr. Eliseo Aurellado, November 30, 2015

A Critical Assessment of Bad Debt Assessment based on Aging ProfileFilbert Tsai, December 7, 2015

AFA Supports ASEAN Economic CommunityEstelita Aguirre, December 14, 2015

Auditors Must Not Prepare Financial StatementsFilbert Tsai, December 21, 2015

Miss and Mister Universe of the Accountancy Profession Part 1 – Joel Tan-Torres, December 28, 2015

Miss and Mister Universe of the Accountancy Profession Part 2Joel Tan-Torres, January 4, 2016

An Analysis of the Business Importance of AccountingFilbert Tsai, January 18, 2016

Lights, Camera, Taxes!Mon Abrea, January 11, 2016

I am Acct Part 1Joel Tan-Torres, February 1, 2016

I am Acct Part 2 – Joel Tan-Torres, February 8, 2016

The Filipino Professional Accountant & the Corruption EnvironmentDr. Conchita Manabat, February 8, 2016

Heads Up! Accreditation for CPAs in Commerce and IndustryJeffrey Salazar, February 15, 2016

Auditing the Auditors Part 1Jun Cuaresma, February 22, 2016

Auditing the Auditors Part 2 – Jun Cuaresma, February 29, 2016

When will I Reap the Benefits of my Hard Work?Joel Tan-Torres, March 7, 2016

Reduce the Financial Statement Disclosures Part 1Filbert Tsai, March 14, 2016

Reduce the Financial Statement Disclosures Part 2 – Filbert Tsai, March 21, 2016

Emerging Trends of External Reporting – Dr. Conchita Manabat, March 28, 2016

Income Tax Cuts, a Doable MeasureJeffrey Salazar, April 3, 2016

To Lease or Not to Lease? Part 1Filbert Tsai, April 10, 2016

To Lease or Not to Lease? Part 2 – Filbert Tsai, April 17, 2016

Accountancy Profession as “Island of Good Governance”Dr. Aliza Racelis, April 24, 2016

Pivotal Role of Accountants in ElectionsJoel Tan-Torres, May 7, 2016

Straightening Financial Reporting Part 1 – Filbert Tsai, May 16, 2016

Straightening Financial Reporting Part 2 – Filbert Tsai, May 23, 2016

Hacking Will Impact Your BusinessJeffrey Salazar, May 30, 2016

Insights of a Young AccountantRazzel Ann Vergara, June 6, 2016

MITamorphosisRence Paolo Pinon, June 13, 2016

Notes on Accreditation of CPAs Part 1Concordio Quisaot, June 20, 2016

Notes on Accreditation of CPAs Part 2 – Concordio Quisaot, June 27, 2016

Best Practices for CPAsJoel Tan-Torres, July 4, 2016

Brexit, the Opportunities it Brings & the AccountantsDr. Conchita Manabat, July 11, 2016

Zero Contractualization: Threat to Ordinary WorkersJeffrey Salazar, July 18, 2016

New CPAs Reminded on Oath as ProfessionalsJoel Tan-Torres, July 25, 2016

Financial Reporting of the Social Security SystemLina Valcarcel, August 1, 2016

Upcoming: 120 CPD Requirements for CPAs Jeffrey Salazar, August 8, 2016

New Accountancy Tracks ForthcomingJoel Tan-Torres, August 22, 2016

Three Reasons to Fire Your Accountant – immediately please!Filbert Tsai, August 29, 2016

Tax Payments Through Credit/Debit/Prepaid CardsRazzel Ann Vergara, September 5, 2016

Audit Requirements and Compliance for Micro and Small EnterprisesMarco Fernando Ng, September 12, 2016

New Accountancy Law SlatedJoel Tan-Torres, September 19, 2016

What to Expect From the Expanded PWD Act of 2016Jeffrey Salazar, September 26, 2016

Building Business Intelligence Through Data AnalyticsFilbert Tsai, October 3, 2016

The Anti-Age Discrimination in Employment LawRazzel Ann Vergara, October 10, 2016

Expectations and Realities in AuditDr. Conchita Manabat, October 17, 2016

Coming Soon Part 1Joel Tan-Torres, October 23, 2016

Coming Soon Part 2 – Joel Tan-Torres, October 30, 2016

Coming Soon Part 3 – Joel Tan-Torres, November 7, 2016

The New 5,249Joel Tan-Torres, November 14, 2016

Tax Benefit of Non-Stock and Non-Profit Educational InstitutionsJeffrey Salazar, November 21, 2016

The Accountants & the Struggle Against Fraud and CorruptionDr. Conchita Manabat, November 28, 2016

Beyond the Call of DutyJoel Tan-Torres, December 5, 2016

Triumphing the Small Business Cash ManagementFilbert Tsai, December 12, 2016

Moving Towards Improved FinancialsRazzel Ann Vergara, December 19, 2016

Christmas Tiding from Santa BoAJoel Tan-Torres, December 26, 2016

Happy Expanding Horizons 2017Joel Tan-Torres, January 2, 2017

Tax Planning Tips and Reminders for 2017Jeffrey Salazar, January 9, 2017

Metrics, metrics on the wall – which one should I use for my business? Filbert Tsai, January 16, 2017

Task Force EAR FormedJoel L. Tan-Torres, January 23, 2017

Accounting Ethics : What’s that?!? – Dr. Arliza Racelis,  January 30, 2017

Integrity is Our Middle Name – Dr. Conchita L. Manabat, February 7, 2017

Going Global – Joel L. Tan-Torres, February 13, 2017

The Qualities of a Truly-Educated Man – Razzel Ann Vergara, February 20, 2017

The Most Valuable Asset of your Company is Missing, What’s Next? (Part 1)– Filbert Tsai, February 27, 2017

Exceeding Global Standards– Joel L. Tan-Torres, March 6, 2017

The Most Valuable Asset of your Company is Missing, What’s Next? (Part 2)– Filbert Tsai, Match 13, 2017

Traveling 40,000 Kilometers (Part 1) –   Joel L. Tan-Torres, March 20, 2017

Traveling 40,000 Kilometers (Part 2) –   Joel L. Tan-Torres, March 27, 2017

Traveling 40,000 Kilometers (Part 3) –   Joel L. Tan-Torres, April 3, 2017

Improving Disclosures on Corrupt Practices– Filbert Tsai, April 10, 2017

Rising to Greater Heights –   Joel L. Tan-Torres, April 24, 2017

Accounting Systems for Start Ups – a Hype or a Need? – Filbert Tsai, May 1, 2017

Expanding the Horizons of the SMPs –   Joel L. Tan-Torres, May 8, 2017

SAGA Continues –   Concordio Quisaot, May 15, 2017

Get Back and Write Your Business Plan – Filbert Tsai, May 22, 2017

Auditing the Auditors (Part 1) –   Joel L. Tan-Torres, May 29, 2017

Auditing the Auditors (Part 2) –   Joel L. Tan-Torres, June 5, 2017

Institutional Changes in the Accountancy Profession –   Joel L. Tan-Torres, June 12, 2017

Let’s Talk About the Tax Reform in the Philippines (Part 1) – Filbert Tsai, June 19, 2017

Let’s Talk About the Tax Reform in the Philippines (Part 2) – Filbert Tsai, June 26, 2017

The Millennial CPAs –   Joel L. Tan-Torres, July 3, 2017

Meeting Global Standards for the Global CPA –   Atty. Samuel B. Padilla, July 10, 2017

Celebrating Accountancy Week –   Joel L. Tan-Torres, July 17, 2017

Corporate Governance For the Start Ups-  Filbert Tsai, July 24, 2017

The BIR and the CPA –   Joel L. Tan-Torres, July 31, 2017

Understanding the new CPD-  Filbert Tsai, August 7, 2017

Why We Need CPD?-  Gerard Sanvictores, August 14, 2017