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Sunday, January 31, 2016

Cloud Computing and the Future of Business: New Challenge for CPAs

The cloud controls "Everything".
Photo owned by wikipedia.org
Frances O. Ponce

Microsoft Onedrive, Apple ICloud, Microsoft Dynamics, Oracle and the like-- these are just a few of the large companies offering cloud services both to individuals and organizations.

If you do not know what cloud computing is, you can always refer, as most of us do, to google or dictionary.com for its definition.

Nevertheless, cloud computing covers a very broad range of topic including the cloud-integrated Enterprise Resource Planning or Program (ERP) in which large companies nowadays such as Procter & Gamble and Citibank are continually investing huge amounts of their resources to stay competitive and strong; and the cloud storage which is most common to the general public.

In my own definition, cloud computing is doing business in the "cloud". The word cloud pertains to the World Wide Web or the Internet. Our businesses could range from saving important documents like bank transactions and reports to business processes like cash receipting and sales.

I could say that cloud technology is the future of "Everything". It will turn out one day that every single data entry in business processes are directly done through the cloud-- paperless, fast and automated. Even the groceries that you regularly buy, in the future will be done through the cloud and this is quickly changing the business practices on commodities.

Reviewer in Analysis of Variances from Standard Costs by Obeso (2000 Edition)

Standard costing is widely discussed in the Management Services domain of the Certified Public Accountant (CPA) course. Looking back to the College years, I remembered that we practiced a lot of computations using various standard formula, and some other through arrow illustrations-- the same as the one shown in the picture.

As far as I can remember, the essential lesson we can get from this topic is the computation of variances-- be it efficiency or spending. Computation of variances for budgeted hours as to actual hours (efficiency variance) is quite easy; however, there are complicated concepts we need to study in standard costing, like for example the computation of variance of the budgeted overhead as to the applied overhead.

Anyway, so much for the talking about standard costing. What you need to do is to fervently study anyway. On the other hand, I want to share with you an old reviewer I'd got from my sister. I already forgot the author but as far as I know, the reviewer is quite comprehensive. It covers everything and most of the questions are also somewhat related to the ones came out during the CPA Board Examinations.

Here's the download link:


Watch out for other releases related to other topics in the Management Services domain.

*Author's Note: These materials are intended solely for review and academic use specifically published to help aspiring CPA Reviewees and accountancy students prepare for the Philippine Certified Public Accountant (CPA) Board Examinations. Copying and distributing such materials are considered violations of the copyright law and may result to legal proceedings.
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