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Financial reporting is important in the decision-making process of investors, lenders, analysts, and other statement users. It become imperative, therefore, that transparent financial information is conveyed in the corporate financials and in the notes.
There are many financial disclosure requirements in the various IFRSs and IAS 1. Professional accountants as well as auditors must be familiar with these disclosure requirements when drafting and/or examining the notes to financial statements. It is for this reason that this seminar will be conducted.
Registration Fee
Registration Fee for Members in Good Standing Amount is inclusive of VAT
₱2,000
Member Price
Buy TicketRegistration Fee for Members NOT in Good Standing and Non-Members Amount is inclusive of VAT
₱2,500
Public Price
Buy Ticket
Speakers
Rosemary
De Mesa
Consultant at Diaz Murillo Dalupan & Co
Rose has more than 43 years of extensive audit experience. She was formerly the Managing Partner of Diaz Murillo Dalupan and Company (2015-2018) and was the Senior Audit Partner who handled the Audit and Business Assurance Services and head of the Business Process Outsourcing (BPO) of the Firm.
She is a Certified Public Accountant (CPA), a Certified Management Accountant (CMA), a Certified Forensic Accountant (CrFA), Certified Internal Control Auditor (CICA) and Accredited Management Accountant of the Philippines (AMAP). She obtained her Masteral Degree in Business Administration (MBA) from the Ateneo de Manila University in 2009. She is also a licensed insurance consultant and real estate broker.
Prior to being the Managing Partner, she previously as DMD's Training and Development Committee Head and had conducted several training on fraud audit strategies, risk-based audit approach for external and preparation, planning, and capital budgeting, professional ethics and good governance, among others.
Program
7
30AM
-
8
00AM
8
00AM
-
9
00AM
Presentation of Financial Statements
• Principles of statement preparation
Fair presentation
Going concern
Accrual basis
Materiality and aggregation
Offsetting
Consistence of preparation
9
00AM
-
10
00AM
Statement of Financial Position
• Line items
• Current and noncurrent assets
• Current and noncurrent liabilities
• Presentation based on liquidity
• Equity
• Comparatives
• 3rd Balance Sheet
10
00AM
-
11
00AM
Statement of Comprehensive Income
• Profit and loss
• Presentation of other comprehensive income
• Types of other comprehensive income
• Single-statement and 2-statement approaches
• Line items
• Expenses by nature
• Expense by function
11
00AM
-
12
00PM
– Statement of Cash Flows
Statement of Cash Flows:
• Operating cash flows
• Investing cash flows
• Financing cash flows
• Non-cash activities
12
00PM
-
1
00PM
1
00PM
-
5
00PM
Notes to Financial Statements
• Corporate information
• Statement of compliance and basis of preparation
• Summary of significant accounting policies
• Significant judgments made and estimation uncertainty
• Financial risk management objectives and policies
• Specific disclosures on each line item
• Related party disclosures
• Disclosure of interests in other entities
• Fair value disclosures
• Other disclosures
• The use of a Disclosure Checklist
FAQs
IMPORTANT!
PLEASE READ.
ONLINE RESERVATION
Click: On this page, make your reservation by clicking on the word "Reserve" on the last column of the particular seminar you have chosen to attend. Wait for the confirmation window of your reservation on the screen and take a screenshot for filing purposes.
SEMINAR FEES
EMMC Members in GOOD STANDING - Php 2000.00 (inclusive of VAT)
Members not in good standing - Php 2500.00 (inclusive of VAT)
Non-CPAs/Non-Members - Php 2500.00 (inclusive of VAT)
PAYMENT OPTIONS
1. Cash/check payable to: PICPA EMMC
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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