Ramon F. Garcia & Company CPAs celebrates 35th year in the industry

Ramon F. Garcia & Company CPAs, a member of distinguished global accounting network, Crowe Horwath International, recently celebrated its 35th year in an event that gathered together clients and employees.

SEC Commissioner Antonietta F. Ibe
SEC Commissioner Antonietta F. Ibe

During the event, audiences were entertained throughout the night by notable performances from ACTS Manila Ballet dancers, singer and song writer Ms. Lara Maigue and the LeBran dancers. A moving speech from Mr. Ramon Garcia himself inspired everyone present when he shared about his humble beginnings and passion that drove him to success.

(Mr. Ramon F. Garcia's business partners and clients from Pillars 5, Inc.) From Left: Karla De Jesus De Pala, Arnulfo Villafuerte De Pala, Jaime Garcia Fabregas, Andrew Trogen, Consuelo Centenera Bichara, Carlos Eduardo Caballero Fabregas, Pamela Paz Llana (wife of Mr. Carlos)
(Mr. Ramon F. Garcia’s business partners and clients from Pillars 5, Inc.)
From Left: Karla De Jesus De Pala, Arnulfo Villafuerte De Pala, Jaime Garcia Fabregas, Andrew Trogen, Consuelo Centenera Bichara, Carlos Eduardo Caballero Fabregas, Pamela Paz Llana (wife of Mr. Carlos)

In addition, the company also launched its new slogan, “Great vision, world class excellence, bridging generations.” When asked to expound, he emphasized the need to stir unity among everyone for the success of one goal.

Mr. Ramon F. Garcia, sharing the history and aspirations of RFG & Co. to his valued clients
Mr. Ramon F. Garcia, sharing the history and aspirations of RFG & Co. to his valued clients

“I am from the baby boomers. The Middle Managers are Gen X and the Junior Managers are Gen Y. The new staffs are the millennials. They all have different cultural backgrounds. So it is important that you understand them to communicate with them. Imagine if you are running and the other one is running the opposite way. You’ll never go anywhere so you’ll have to run with a purpose.”

Besides, notable guests during the event were Brother Eddie Villanueva, SEC Commissioner Antonieta Ibe, PRC Board of Accountancy Chairman Joel Tan-Torres, Deputy Director General of TESDA Teodoro Pascua and Deputy Customs Commissioner for Intelligence, Ariel Nepomuceno.

Job Order Costing

Job order costing method is the accumulation of costs by specific job (i. e., physical units, distinct batches, or job lots). This method is appropriate if a product can be produced separately, distinct from the other jobs which require different amount of materials, labor and overhead.

Job Order costing is used when the products manufactured within the department or cost center are heterogeneous or dissimilar type of products.

Moreover, it also useful and widely acceptable for business engaged in made-to-order work in factories, workshops, and repair shops, construction or construction engineers, printing, aircraft manufacturing and for service business such as legal, medical, architectural, accounting and consulting firms.