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The Interactive Accounting Learning Platform
Financial Accounting & Reporting · 2026 Edition · ISBN 978-621-06-0303-3

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

Not just a textbook — a complete Philippine accounting learning experience. The lessons, CPALE-level questions with full rationale in every chapter, and interactive study tools, in one place.

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.

Read Chapter 1 Free ▸ Get full access — ₱299 Free quizzes — all 15 chapters ▸

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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01Why it's different

One learning experience. Three ways to master accounting.

Most books stop at the page. This one keeps going — into practice and into your hands on any device.

Learn

Philippine-focused lessons

All 15 chapters written to full PFRS, PFRS for SMEs & PFRS for Small Entities, the TRAIN Law and EoPT Act, and 2025 SSS / PhilHealth / Pag-IBIG rates — the standards you're actually examined on.

Practice

CPALE-level questions, with rationale

585 CPALE-level questions across the book — every one with a full written rationale, so you learn why the answer is right, not just that it is.

Interact

Quizzes, calculators & study tools

Interactive quizzes in every chapter, a live TRAIN tax calculator and net-pay calculator, and a secured online reader you can open on any device.

0
Chapters
0
CPALE-level items
ISBN
978-621-06-0303-3
CPA
Written by a practicing CPA
02The 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.

03Who 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

Accountancy (BSA) students mastering the fundamentals — from first course to board review.

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.

See what instructors get ▸
04The 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.

All PFRS tiers

Full PFRS, PFRS for SMEs, and PFRS for Small Entities — complete 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.

05Try before you buy

The whole of Chapter 1 is free

Don't take our word for it — use the actual product. Answer two genuine CPALE-level items below and read the rationale. The same rationale comes with every one of the 585 CPALE-level questions in the full book — then open the whole chapter free.

Read Chapter 1 Free ▸ Try a longer free quiz ▸
05Practice every chapter

There's depth in all 15 chapters

Pick any chapter and try two real, board-level questions — the same instant rationale you get on every one of the 585 CPALE-level items inside. Find the topic you're weakest on; that's exactly what the full hub is built to fix.

Practice mode — answer to reveal the rationale. No score, no signup.

Stuck on a topic? Read our free step-by-step study guides, with worked examples and answers: closing entries · adjusting entries · periodic vs perpetual inventory · partnership formation · partnership liquidation · all guides ▸

Want more free questions?

Get new free practice sets and exam-season study tips by email. Occasional — never spam.

Unlock all 15 chapters ▸ Or read Chapter 1 free ▸
06The 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: full PFRS, PFRS for SMEs and PFRS for Small Entities, 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.

Full PFRS · SMEs · Small Entities 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

Best for students who prefer a printed textbook to study from.

  • Printed textbook
  • Author-signed authenticity page
  • Adopting schools: free student portal access

+ shipping fee (nationwide courier, buyer-shouldered)

Select Physical
Digital Access
₱299

Best for instant online access and the interactive study tools.

  • 1 year of 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

Best overall value — the printed book and full digital access together.

  • Printed textbook + full digital access
  • 1 year of 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 — send your order and we'll reply with the payment details, then email your access code once payment is confirmed.

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 the GCash / bank transfer details and confirm your order; your access code follows once payment is confirmed.
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.
How long does my digital access last?
Digital and bundle access lasts a full year (12 months) from the day you activate your access code, on up to 2 devices.
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 full PFRS, PFRS for SMEs, and PFRS for Small Entities.
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 [email protected] — the author answers personally.

Read Chapter 1 free See prices