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Financial Accounting & Reporting · 2026 Edition · ISBN 978-621-06-0303-3

Master basic accounting — and start preparing for the boards on page one

Most basic accounting texts save board-exam practice for review season. This one puts CPALE-level questions with full rationale in every single chapter — all 15 of them.

What's inside every chapter
Ch 14 Live TRAIN tax calculator Ch 15 Live net-pay calculator Ch 8–11 Partnership, start to finish Every ch. CPALE Q&A + rationale

Built on Philippine standards: PFRS, TRAIN Law, EoPT, and 2025 SSS / PhilHealth / Pag-IBIG rates.

Get your copy — ₱299 Read Chapter 1 free ▸

Printed, digital, or both. Chapter 1 is free in full — the chapter, the tools and 82 questions. No code, no signup.

Financial Accounting and Reporting 2026 front cover
Financial Accounting & Reporting · 2026
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0
Chapters
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CPALE-level items
ISBN
978-621-06-0303-3
CPA
Written by a practicing CPA
01The problem

Why FAR feels harder than it should

It usually isn't the accounting. It's the material you were given to learn it from.

The rules don't match

Foreign textbooks teach foreign tax tables and foreign contribution rates. You end up learning the concept twice — once their way, then again the Philippine way.

Board practice starts too late

You pass the semester on textbook exercises, then meet a real CPALE-style question for the first time during review — and discover it asks in a completely different way.

The law keeps moving

TRAIN, EoPT, and yearly SSS, PhilHealth and Pag-IBIG adjustments quietly make older editions wrong — usually in the exact computations you'll be graded on.

The book stays home

The one time you'd actually review — on the jeepney, between classes, the night before — is the one time a 400-page textbook isn't with you.

02Who it's for

Written for the Filipino classroom

From first accounting course to board-exam review — built around the Philippine curriculum and regulations.

Accountancy Students

BSA and BS Accounting Technology students mastering the fundamentals.

Business & ABM

BSBA, entrepreneurship, and Senior High ABM strand learners.

CPA Reviewees

A clean, current refresher on FAR fundamentals — with CPALE-level questions and full rationale in every chapter.

Instructors & Schools

Adopting faculty get answer keys, slide decks, and classroom guides.

03The answer

One book that already speaks Philippine

Every chapter is written to the standards and rates you will actually be examined on — and drilled with the kind of question the board actually asks.

TRAIN Law tax tables

Updated RA 10963 income-tax tables for accurate, current computations.

EoPT Act invoicing

RA 11976 invoicing and receipt rules reflected throughout.

2025 contribution rates

Latest SSS, PhilHealth & Pag-IBIG rates for payroll accuracy.

Full PFRS coverage

Complete PFRS & PFRS for SMEs reporting-standards treatment.

Journal-entry practice

Comprehensive practice sets that build real recording skill.

PH case studies

Local business scenarios woven through every chapter.

Partnership & corporate

Formation, operations, dissolution, liquidation, and equity.

Self-test exercises

True/False and multiple-choice questions in every chapter.

Tagalog concept explainers

Tap 📖 Filipino inside any chapter workspace for a plain-Tagalog definition of key terms.

04See for yourself

This is what "CPALE-level" means

Two real items from Chapter 1. Answer them, then read the rationale — that rationale is what every one of the 495 CPALE-level questions in the study hub comes with.

Try a longer free quiz ▸

05The author

Written by a practicing CPA

Ken Gie A. Cruel

Ken Gie Anthony G. Cruel, CPA, MBA

Certified Public Accountant · Author & Educator

When I sat for the CPA board exam, what I wished for was one book that spoke the Philippine language of accounting — current with our own laws, our own rates, our own cases — and didn't make me stitch it together from five sources. I couldn't find it, so I wrote it.

Every chapter here is the class I wish I'd had: PFRS and PFRS for SMEs, the TRAIN Law and EoPT Act, the 2025 contribution rates, and local case studies from the first page to the last. Whether this is your first accounting course or your final board-exam review, I built it to carry you the whole way.

Study well — and I'll see you in practice.

PFRS & PFRS for SMEs aligned TRAIN Law · EoPT · 2025 rates ISBN 978-621-06-0303-3
07Get your copy

Choose the format that fits you

By Ken Gie Anthony G. Cruel, CPA, MBA — printed, digital, or the complete bundle.

Physical Copy
₱650
  • Printed textbook
  • Author-signed authenticity page
  • Adopting schools: free student portal access

+ shipping fee (nationwide courier, buyer-shouldered)

Select Physical
Digital Access
₱299
  • 6 + 1 months full portal access
  • All 15 chapters + interactive quizzes
  • Secured online reader · any device

View-only (no download) · access code emailed after payment confirmation

Get Digital
Bundle — Physical + Digital
₱749
  • Printed textbook + full digital access
  • 6 + 1 months full portal access
  • Save ₱200 vs. buying separately

+ shipping fee on the printed copy (nationwide, buyer-shouldered)

Claim Best-Value Bundle
Order Now ▸

We accept GCash and bank transfer — payment details are sent once you email your order.

08Buy a single chapter

Only need one topic?

Get just the chapter you need — its study page, interactive quizzes, and that chapter's book pages. The full Digital Access bundle (₱299) unlocks all 15 and stays the best value.

Chapter 1 is free — read the whole chapter and sit all 82 questions, or flip through the book pages.

09Questions

Frequently asked

Everything you need to know before ordering.

How do I order and pay?
Tap Order Now (or any option's button) above to open a quick order form — just your name, email, and chosen format. We'll reply with payment instructions — we accept GCash and bank transfer — and confirm your order.
How do I get access after paying?
Once your payment is confirmed, we email your access code for digital and bundle orders, or process and ship your printed copy. Please allow a short turnaround after payment confirmation.
How is the physical copy delivered?
Printed copies are shipped nationwide via courier (e.g. J&T, LBC). The shipping fee is shouldered by the buyer and confirmed before we send your order.
Does the printed copy include digital or portal access?
The ₱650 printed copy is the textbook itself. Free student portal access is a benefit for adopting schools. If you want digital access as an individual, choose the Digital Access or Bundle option.
What does "6 + 1 months access" mean?
It's 7 months of full portal access in total — 6 months plus 1 month free.
Is the content up to date?
Yes. The 2026 edition reflects the TRAIN Law (RA 10963), the EoPT Act (RA 11976), and 2025 SSS, PhilHealth & Pag-IBIG rates, aligned to PFRS and PFRS for SMEs.
Who is this book for?
BSA and accountancy students, BSBA and Senior High ABM learners, CPA reviewees, and instructors or schools adopting the text.
10Learning hub

Access the digital portal

Choose your portal below. A verified access code is required.

Student Portal

Chapter summaries, interactive exercises, CPALE-level practice tests, cycle workbenches, and a built-in study assistant — all locked to verified book owners.

Enter Student Portal ▸

Faculty Portal

Answer keys, classroom slide decks, instructor guides, and full student access — issued to adopting instructors upon institutional verification.

Enter Faculty Portal ▸

Start with Chapter 1 — it's free

The whole chapter, the interactive tools, and all 82 questions with full rationale — without a code or a signup. If it's the book you wished you had, the rest is ₱299.

Get your copy — ₱299 Read Chapter 1 free ▸

Questions before ordering? Email k4edusolutions@gmail.com — the author answers personally.