The National Association of Certified Public Accountants in Education (NACPAE), led by Mr. Edwin Delos Santos, held its 27th Annual Teachers Conference (ATC) last April 29 to May 1, 2019 in Cagayan de Oro City. Three faculty members from the Department of Accountancy of Mindanao State University – General Santos City namely Maria Cristina Obeso, Alma Lyn Miase, and Michael Auditor were sent to attend the annual conference.
The said conference was guided by the theme “Thinking and Preparing Ahead with Integrity and Excellence: Accounting Teachers responding to the Challenge of Industry 4.0 & Beyond (I TEACH Accounting!). The conference was participated by accounting teachers and administrators of various schools from different regions across the nation.
Various technical sessions were conducted focusing on relevant issues and developments pressing the Accountancy Profession in this digital era. Technical speakers spoke about the utilization of computer technologies that should be integrated in the teaching strategies and methodologies. Around research, the role of technology was articulated as a way to speed up the documentation and data processing through the use of a voice-recognition- automatic-transcription application and data processing software. Also, the review and collaboration are easier to achieve with the aid of messaging apps, search engines, and internet technologies.
Delegates were updated about some of the accounting promulgations such as the Philippine Financial Reporting Standards 16, the accounting standard for leases, which superseded the old provisions contained in Philippine Accounting Standards 17, Leases. Furthermore, a brief on the five tranches of the tax reform laws were discussed, reiterating the key points of Tax Reform Acceleration and Inclusion (TRAIN) Law. The speaker expressed his thoughts about the deferment of the second tranche, the TRABAHO Law, which could possibly be “politically- driven”.
The annual conference has constantly provided a platform for accounting teachers who were into research to present their output before the panel of evaluators and assembly of CPAs. A call for papers was disseminated early before the conference. These papers were in the fields of financial accounting and reporting; management accounting; accountancy education; auditing, assurance, and information technology; and business regulations.
A team-building activity was also designed for everyone to have a taste of the picturesque view of The Seven Seas Water Park and Resort, right at the heart of the city. CPAs in the academe were able to get along with colleagues in the association during the fellowship night. Delegates of the recently concluded conference were granted 20 Continuing Professional Development (CPD) units. The new Chairman of the Board of Accountancy, Mr. Noe Quindiñilla, along with the representatives of the Philippine accounting standard- setting body were also present during the ATC.