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The basic objective of any financial statement is to fulfil the information needs of the intended users. Financial information that is the subject of a compilation engagement maybe required for various purposes including:
(1) To comply with mandatory periodic financial reporting requirements established by laws or regulations; or
(2) For purpose unrelated to mandatory financial reporting under relevant laws or regulations, including for example:
§ For management or those charged with governance, prepared on a basis appropriate for their particular purposes (such as preparation of financial information for internal use).
§ For periodic financial reporting undertaken for external parties under a contract or other form of agreement (such as financial information provided to a funding body to support provision or continuation of a grant).
§ For transactional purposes, for example to support a transaction involving changes to the entity's ownership of financing structure (such as for a merger or acquisition).
This one-day training program has been designed for practitioners, accountants and officers of private companies to educate them about financial statements preparation and presentation. Moreover, the program will educate the participants of the regulatory requirements of institutions such as the Securities and Exchange Commission (SEC) and Board of Accountancy (BOA), and of Philippine Accounting Standards (PAS) or Philippine Financial Reporting Standards (PFRS).
Tickets
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
Ma Kristina
Llorca
Managing Partner at MKL & Associates
Tina has more than 4 years of experience in internal audit, finance, and accounting where she received Exceptional Performance rating (highest) for two consecutive years. She also has more than 3 years of experience in preparation of financial statements and taxation services in field. She has extensive work experience in financial statement compilation, SEC and tax and compliance, bookkeeping services, outsourcing of accounting team, internal audit, audit of financial statements, review of internal controls, Sarbanes Oxley review, and financial statement review. Tina has handled the SEC and tax compliance of Manufacturing and individual clients and has a background in audit of local and multinational clients from various industries, such as manufacturing shared services, retail and telecommunication, and consumer business, among others.
Agenda
7
30AM
-
8
00AM
Registration
Ma Kristina Llorca8
00AM
-
12
00PM
Financial Statements Preparation and Presentation
Ma Kristina LlorcaSession 1 – Overview of Financial Statements Preparation
a) Relevant PAS/PFRS
b) Nature and purpose of Financial Statements preparation and presentation
c) Documentary requirements
Session 2 – Presentation and Preparation of Financial Statements
a) Requirements of PAS/PFRS
b) Rules of financial statements preparation and presentation
c) Procedures
d) Sample illustrations
Session 3 – Key Accounting Principles and Disclosure Requirements on Certain Accounts
a) Accounting Principles
b) Disclosure requirements on certain accounts
c) Sample illustrations
12
00PM
-
1
00PM
1
00PM
-
5
00PM
Financial Statements Preparation and Presentation
Ma Kristina LlorcaSession 4 – Risk Management, Fair Value and Other Disclosure Requirements
a) Risk management requirements
b) Fair value requirements
c) Other disclosure requirements
Session 5 – SEC and Other Regulatory Requirements
a) SEC requirements
b) BOA requirements
c) Other regulatory requirements
Session 6 – Common Errors in Financial Statements Preparation and Presentation
a) Common errors
b) Sample illustrations
Registration
Speakers
Ma Kristina Llorca
Managing Partner at MKL & AssociatesTina has more than 4 years of experience in internal audit, finance, and accounting where she received Exceptional Performance rating (highest) for two consecutive years. She also has more than 3 years of experience in preparation of financial statements and taxation services in field. She has extensive work experience in financial statement compilation, SEC and tax and compliance, bookkeeping services, outsourcing of accounting team, internal audit, audit of financial statements, review of internal controls, Sarbanes Oxley review, and financial statement review. Tina has handled the SEC and tax compliance of Manufacturing and individual clients and has a background in audit of local and multinational clients from various industries, such as manufacturing shared services, retail and telecommunication, and consumer business, among others.
Financial Statements Preparation and Presentation
Session 1 – Overview of Financial Statements Preparation a) Relevant PAS/PFRS b) Nature and purpose of Financial Statements preparation and presentation c) Documentary requirements Session 2 – Presentation and Preparation of Financial Statements a) Requirements of PAS/PFRS b) Rules of financial statements preparation and presentation c) Procedures d) Sample illustrations Session 3 – Key Accounting Principles and Disclosure Requirements on Certain Accounts a) Accounting Principles b) Disclosure requirements on certain accounts c) Sample illustrations
Speakers
Ma Kristina Llorca
Managing Partner at MKL & AssociatesTina has more than 4 years of experience in internal audit, finance, and accounting where she received Exceptional Performance rating (highest) for two consecutive years. She also has more than 3 years of experience in preparation of financial statements and taxation services in field. She has extensive work experience in financial statement compilation, SEC and tax and compliance, bookkeeping services, outsourcing of accounting team, internal audit, audit of financial statements, review of internal controls, Sarbanes Oxley review, and financial statement review. Tina has handled the SEC and tax compliance of Manufacturing and individual clients and has a background in audit of local and multinational clients from various industries, such as manufacturing shared services, retail and telecommunication, and consumer business, among others.
Financial Statements Preparation and Presentation
Session 4 – Risk Management, Fair Value and Other Disclosure Requirements a) Risk management requirements b) Fair value requirements c) Other disclosure requirements Session 5 – SEC and Other Regulatory Requirements a) SEC requirements b) BOA requirements c) Other regulatory requirements Session 6 – Common Errors in Financial Statements Preparation and Presentation a) Common errors b) Sample illustrations
Speakers
Ma Kristina Llorca
Managing Partner at MKL & AssociatesTina has more than 4 years of experience in internal audit, finance, and accounting where she received Exceptional Performance rating (highest) for two consecutive years. She also has more than 3 years of experience in preparation of financial statements and taxation services in field. She has extensive work experience in financial statement compilation, SEC and tax and compliance, bookkeeping services, outsourcing of accounting team, internal audit, audit of financial statements, review of internal controls, Sarbanes Oxley review, and financial statement review. Tina has handled the SEC and tax compliance of Manufacturing and individual clients and has a background in audit of local and multinational clients from various industries, such as manufacturing shared services, retail and telecommunication, and consumer business, among others.
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
Regular Seminar Rates:
Members in GOOD STANDING - Php 2,000/day (inclusive of VAT)
Members not in good standing - Php 2,500/day (inclusive of VAT)
Non-CPAs/Non-Members - Php 2,500/day (inclusive of VAT)
Regulators' Forum and other special seminars may have special rates which will be announced and advertised by the PICPA Training Division accordingly.
PAYMENT OPTIONS
1. Cash/check payable to: PICPA SMMC
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.PICPA reserves the right to re-schedule or cancel seminars if the number of confirmed reservation is below twenty (20) pax. Notices of cancellation/re-scheduling will be issued by the PICPA Training Division and participants will be informed at least three (3) days before the original schedule of the seminar.
3. 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.
4. 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.)
5. 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.
6. 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.
7. As we have limited space, PICPA's free parking for vehicles is on first come, first served basis.
8. Walk-in participants will be given only the soft copy of the seminar materials via email.
FOR OTHER CONCERNS AND FURTHER INQUIRIES
Contact: Ms. Pen Carin
PICPA SMMC Secretariat
Tel. Nos. 723-6313; 726-9453
Email: picpa.smmc@picpammr.org; picpa.smmc@gmail.com
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