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BRIEF: Philippine Financial Reporting Standards for Real Estate Firms

OVERVIEW Accounting is essentially the process of keeping records of all financial transactions of an entity, and generating various reports or statements out of those records. Financial reporting, on the other hand, is a subset of the accounting process that uses financial statements to disclose a company’s financial information and performance over a particular period to outside parties such as

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The Government-Led Plunder of the Marikina Watershed

For over a century, the government itself – instead of zealously protecting the Marikina Watershed – has actively paved the way for its gradual demise. The recently maligned mining agreements allegedly allowing quarry operations within its boundaries are but recent examples of this long-standing apathy. Successive governmental acts in the past decades considerably diminished the land area reserved for the

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