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This is a Quantitative Study study.

October 27, 2025Open Access

Knowledge Gap in Applying Philippine Accounting Standard 2 (Inventories) Across Manufacturing Concerns in the Southern Manila District

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Authors

MVMary Diana VillarbaLyceum of the Philippines University RARhaimon AbanteLyceum of the Philippines University ZRZimar RosaritoLyceum of the Philippines University

Discussion

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Implication

Quantitative analysis reveals significant gaps in compliance with Philippine accounting standards among manufacturing sector employees, indicating a need for improved training and oversight.

Key Points

Significant knowledge gaps were identified in financial reporting compliance with PAS 2, particularly concerning inventory valuation.
Quantitative analysis showed discrepancies in application based on work experience, job title, and academic attainment across firms.
Statistical analysis highlighted that while firms understood the necessity of disclosure, actual valuation practices were less consistent.
Enhanced training programs and stricter regulatory measures are crucial to improve adherence to accounting standards in the manufacturing sector.

Cite This Study

Villarba et al. (2025) studied this question.

synapsesocial.com/papers/68ff87f1c8c50a61f2bdd452 https://doi.org/10.65232/gfbh6x11

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Implication

Quantitative analysis reveals significant gaps in compliance with Philippine accounting standards among manufacturing sector employees, indicating a need for improved training and oversight.

Knowledge Gap in Applying Philippine Accounting Standard 2 (Inventories) Across Manufacturing Concerns in the Southern Manila District

Discussion

Member takes

Implication

Key Points

Cite This Study

Knowledge Gap in Applying Philippine Accounting Standard 2 (Inventories) Across Manufacturing Concerns in the Southern Manila District

Discussion

Member takes

Implication

Key Points

Cite This Study

Also Consider

Also Consider