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SESSION 1
Nonie I. Hernandez

CDA UPDATES
 Clarificatory Guidelines in the Implementation of Article 46 of RA 9520 (MC 2013-17)
 Supplemental Policy on the Submission of Audited Financial Statements Duly Stamped “Received” by the BIR Pursuant to Section 2 (4), Rule 8 of Rules and Regulation Implementing Certain Provisions of RA 9520 (MC2013 – 08)
 Clarificatory Guidelines on the Registration and Capitalization Requirements for New Electric Cooperatives and Existing Cooperatives Intending to Include Power Generation, Transmission and/or Distribution in its Business Operation (MC2013-05)
 Clarificatory Policy on Share Capital (MC2013-04)
 Rules Implementing the Truth in Lending Act (MC2012-05)

  • Nonie I. Hernandez

    Nonie I. Hernandez

LUNCH BREAK
SESSION 2
Nonie I. Hernandez

Working Break (PM Snacks)
CDA UPDATES ( continuation)
 Limitation on Share Capital Holdings (MC2011-05)
 Guidelines for the Adoption of Ring-Fencing Tool for Multi-Purpose Cooperatives (MPCs) with Water Service Operations (MC2011-09)
 Revised Guidelines Governing the Issuance of Cert
 Distribution of Net Surplus
 Authority’s Observation on Common Errors of Auditors
Other CDA issuances that affect the financial operations of the cooperatives

  • Nonie I. Hernandez

    Nonie I. Hernandez

SESSION 1
Ms. FE D. CAINGLES

 CAPR (NEW) MC 2013 -13
 Cooperative Social Audit Report MC 2013 -16

  • Ms. FE D. CAINGLES (COOP. DEVT. AUTHORITY)

    Ms. FE D. CAINGLES

    COOP. DEVT. AUTHORITY
LUNCH BREAK
SESSION 2
Ms. FE D. CAINGLES

• Cooperative Performance Report MC 2013 -15
• Standard Chart of Accounts (SCA) MC 2009 -04

  • Ms. FE D. CAINGLES (COOP. DEVT. AUTHORITY)

    Ms. FE D. CAINGLES

    COOP. DEVT. AUTHORITY
SESSION 1
Ms. MA. ELMA I. AME

 Internal Control System for Cooperatives
- Elements of Internal Control
- Best practices of internal control for cooperatives
- Role of audit committee
- Internal Control Documentation/working paper preparation

  • Ms. MA. ELMA I. AME (Sole practitioner at M.I. AME ACCTG. OFFICE)

    Ms. MA. ELMA I. AME

    Sole practitioner at M.I. AME ACCTG. OFFICE
LUNCH BREAK
SESSION 2
Ms. MA. ELMA I. AME

Financial Reporting Framework for Cooperatives

I. Background

II. Financial Reporting Framework to be used
III. Highlights, Comparison between Coop Framework and PFRS/PFRS for SMEs for some peculiar accounts, citing similarities and differences

IV. Discussion of proforma cooperative
Financial Statements and other
Reportorial requirements
Open Forum

  • Ms. MA. ELMA I. AME (Sole practitioner at M.I. AME ACCTG. OFFICE)

    Ms. MA. ELMA I. AME

    Sole practitioner at M.I. AME ACCTG. OFFICE