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Employee benefits are important because it shows employers are investing in not only employee's overall health, but their future. A solid employee benefits package can help attract and retain talents and help differentiate an employer from its competitors.
Accounting for long-term employee benefits is complex. This learning course's objective is for participants to appreciate the accounting requirements of PAS 19, Employee Benefits including the legal and regulatory environment of retirement benefits.
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₱500.-
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₱750.-
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Agenda
7
00AM
-
8
00AM
8
00AM
-
5
00PM
Seminar on Understanding Employee Retirement Benefits, Retirement Plans, Actuarial Valuation, and Accounting for PAS 19 and Employee Benefits under PFRS for SMEs
Marvin Ticzon•Jovanni BatadIntroduction
The retirement benefit environment – types of retirement plans, retirement laws in the Philippines, advantages of setting up a tax qualified retirement plan, prevalent retirement plan features, setting up a tax qualified retirement plan
Defined contribution and defined benefit – on what are the differences between defined benefit and defined contributions; and importance of funding valuations
Actuarial valuation report journal entries
Wrap up and Q&A
Seminar on Understanding Employee Retirement Benefits, Retirement Plans, Actuarial Valuation, and Accounting for PAS 19 and Employee Benefits under PFRS for SMEs
Introduction The retirement benefit environment – types of retirement plans, retirement laws in the Philippines, advantages of setting up a tax qualified retirement plan, prevalent retirement plan features, setting up a tax qualified retirement plan Defined contribution and defined benefit – on what are the differences between defined benefit and defined contributions; and importance of funding valuations Actuarial valuation report journal entries Wrap up and Q&A
Speakers
Marvin Ticzon
Assistant Vice President at E.M. Zalamea Actuarial Services, Inc.Marvin Ticzon is the Assistant Vice President for the Actuarial Services of E.M. Zalamea Actuarial Services, Inc. He manages a team of 25 actuarial professionals in the line of Retirement and other Employee Benefits. He also provides retirement accounting consultancy to multinational companies and local firms.
Jovanni Batad
Audit & Assurance Manager at Navarro Amper & Co. (Deloitte Philippines)Jovani is currently a Manager under Technical Research Group of Audit & Assurance department. He earned his proficiency on PFRS, PFRS for SMEs, PSAs and SRC Rule 68 from over 6 years of trainings, mentorships and professional experiences stretching from audit and assurance, business advisory, taxation and other non-assurance engagements from industries like manufacturing, pharmaceutical, car dealership, travel and tours, IT solutions-provider and telecommunication company. He is not only responsible for the review of the firm’s accounting alert, the model FS and other publications on financial reporting matters, he also provide insightful recommendations about a broad range of business process and technical accounting issues on a timely manner. The firm regarded him as a Subject Matter Resource Person for PFRS 15 Revenue from Contract with Customers, PFRS 16 Leases and SEC regulations. He finished a Diploma course in IFRS conferred upon by the International Federation of Professional Managers.
In 2017, he became part of the team created to assess the accounting impact of IFRS 15 to two of the largest telecommunication service-providers—one in the Philippines and another in Indonesia. Aside from the assistance on project management, he was heavily involved in modelling analysis to bridge the gap between the requirements of the IFRS 15 against the current IT system used by these telecoms in financial reporting. Later that year, he spearheaded an advisory team primary responsible in understanding the business model and product offerings of a multinational IT solutions-provider in the Philippines. Together with his team, he created models on how the
requirements of PFRS 15 fits into the current accounting system and processes. From this, his team was able to devise a framework for the entity to make accounting policies in accordance with the new revenue accounting standard.
He is a Certified Public Accountants (CPA) who believes that a great leader is someone who shares his passion for knowledge and inspire his teammate’s creativity and critical thinking to prepare them for the great leader they will become.
Speakers
Jovanni Batad
Audit & Assurance Manager at Navarro Amper & Co. (Deloitte Philippines)
More Information
Marvin
Ticzon
Assistant Vice President at E.M. Zalamea Actuarial Services, Inc.
https://www.actuarial.zalamea.phMarvin Ticzon is the Assistant Vice President for the Actuarial Services of E.M. Zalamea Actuarial Services, Inc. He manages a team of 25 actuarial professionals in the line of Retirement and other Employee Benefits. He also provides retirement accounting consultancy to multinational companies and local firms.
Jovanni
Batad
Audit & Assurance Manager at Navarro Amper & Co. (Deloitte Philippines)
https://www2.deloitte.comJovani is currently a Manager under Technical Research Group of Audit & Assurance department. He earned his proficiency on PFRS, PFRS for SMEs, PSAs and SRC Rule 68 from over 6 years of trainings, mentorships and professional experiences stretching from audit and assurance, business advisory, taxation and other non-assurance engagements from industries like manufacturing, pharmaceutical, car dealership, travel and tours, IT solutions-provider and telecommunication company. He is not only responsible for the review of the firm’s accounting alert, the model FS and other publications on financial reporting matters, he also provide insightful recommendations about a broad range of business process and technical accounting issues on a timely manner. The firm regarded him as a Subject Matter Resource Person for PFRS 15 Revenue from Contract with Customers, PFRS 16 Leases and SEC regulations. He finished a Diploma course in IFRS conferred upon by the International Federation of Professional Managers.
In 2017, he became part of the team created to assess the accounting impact of IFRS 15 to two of the largest telecommunication service-providers—one in the Philippines and another in Indonesia. Aside from the assistance on project management, he was heavily involved in modelling analysis to bridge the gap between the requirements of the IFRS 15 against the current IT system used by these telecoms in financial reporting. Later that year, he spearheaded an advisory team primary responsible in understanding the business model and product offerings of a multinational IT solutions-provider in the Philippines. Together with his team, he created models on how the
requirements of PFRS 15 fits into the current accounting system and processes. From this, his team was able to devise a framework for the entity to make accounting policies in accordance with the new revenue accounting standard.
He is a Certified Public Accountants (CPA) who believes that a great leader is someone who shares his passion for knowledge and inspire his teammate’s creativity and critical thinking to prepare them for the great leader they will become.
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ONLINE RESERVATION
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SEMINAR FEES
GMM Rates:
EMMC Members in GOOD STANDING - Php 500.00 (inclusive of VAT)
Members not in good standing - Php 750.00 (inclusive of VAT)
Non-CPAs/Non-Members - Php 750.00 (inclusive of VAT)
PAYMENT OPTIONS
1. Cash/check payable to: Philippine Institute of Certified Public Accountants, Inc., deposited to:
Account Name: Philippine Institute of Certified Public Accountants, Inc.
Account Name: PICPA EMMC
Account Number: Unionbank 00-084-0019464
Email a soft copy of the deposit slip (jpeg/pdf or any convenient file format) together with the payee's complete name and PRC ID number (if available) to: picpa.emmc@picpammr.org
2. Online credit card payment is also accepted provided the payee completes and sends PICPA MMR Training Division an "Authorization to Charge Credit Card," a downloadable form in the FAQs section (Seminar FAQs tab above). Upon our receipt of your authorization, we will process your credit card payment and will inform you if the credit card transaction was successful or not, and if charges were made.
3. For more direct payment options, you can visit us at the PICPA MMR Secretariat office, PICPA National Office Building, 700 Shaw Boulevard, Mandaluyong City.
SCHEDULE CHANGE
Seminar schedules are subject to change. Should there be any, PICPA will announce through the PICPA website and will inform you via email and/or SMS/text messages.
OTHER DETAILS
1. Registration is from 7am – 8am. Seminar starts at 8am.
2. CANCELLATION OF RESERVATION: Cancellation is only valid when conveyed through the registered email address or through the registered mobile number. Please read "Seminar FAQs" for more details.
3. NO SHOW FEE: Reservations without valid cancellations three days prior to the seminar schedule at the latest are deemed confirmed. Those who fail to cancel their confirmed reservation within the three-day period and do not show up for the seminar will be charged Php 500.00 to defray administrative and logistical costs (food, seminar materials, etc.)
4. The Certificate of Attendance and CPD units will be issued and awarded only to the actual attendee of the seminar. No proxies allowed. CPD units are awarded per actual hours of attendance; latecomers shall be deducted units accordingly.
5. For dietary restrictions and preferences, please contact and inform the PICPA Training Division at least two (2) days before the actual seminar date. PICPA will do its best to accommodate your request, but delivery is subject to its availability.
6. As we have limited space, PICPA's free parking for vehicles is on first come, first served basis.
7. Walk-in participants will be given only the soft copy of the seminar materials via email.
FOR OTHER CONCERNS AND FURTHER INQUIRIES
Contact: Ms. Maryrose Ann Diaz
PICPA EMMC Secretariat
Tel. Nos. 723-6313; 726-9453
Email: picpa.emmc@picpammr.org
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