Share |
Download: Flyer - Black&White (.PDF 385kb)
                         Course Outline (.PDF 367kb)

            AC Early Bird Deadline           CGBP What is MCLE?
    
presents

8 & 9 MARCH 2012 * THE PENINSULA MANILA, MAKATI CITY, PHILIPPINES * 9:00AM to 5:00PM

Cooperative Accounting is unique. It is not really taught in school. With the growing financial power of 22,770 cooperatives and millions of members with billions of transactions in the Philippines, business organizations must understand their language of business if they want to capture opportunities in this rich but unnoticed market.

Coops have a different income statement (called statement of operations), different balance sheet (statement of financial conditions) unique chart of accounts, and different terminologies such as statutory funds, patronage refunds, net surplus, etc. How do you really read, analyze and interpret coop financial statements if you are a member of the coop management and board, if you are the bank lending to them, the accounting firm servicing your coop client, or the business that want to understand its financial soundness to do B2B transactions? Are you ready with your COOPeration & COOPetition with them? Attend if you want to tap this rich market!


   ONE-TIME SEMINAR
   Limited Seats Only, Pre-Registration Required

   REGISTER NOW
   Avail of Early Bird and
   Group DISCOUNTS


   Contact Person: Camille Jonas
   Manila lines (+632) 556-8968 or 69
   Manila Telefax (+632) 842-7148 or 59
   Cebu lines (+63 32) 512-3106 or 07
   Email: camille@cgbp.org
   Check: http://www.cgbp.org

Lecturer:

Elenita S. Mantalaba, CPA
is an expert practitioner with a mastery of cooperative accounting having written 7 manuals and books on this topic. She was a director of the PUP Institute of Cooperatives (1997 to 2004). She was part of the Senate and House of Representative Technical Working Group that drafted RA 9520 Coop Code of 2008 and its IRR in 2010 as well as the development of the Standard Chart of Accounts and Performance Standards for Coops. She has helped CDA in the development of its instrument in Performance Audit and Accreditation Guidelines. She has led the installation of many accounting systems of numerous cooperatives in the country. Graduated Cum Laude, PUP 1967 with a Bachelor of Science in Commerce, Major in Accounting.

Who Should Attend:

      • Cooperatives
      • Accounting Firms
      • Banks & Other Lenders
      • Schools w/ Accounting Courses
      • Anyone interested to know and teach
        how to really read analyze and
        interpret financial statements of
        cooperatives

   _______________________________
   Seminar Investment is P12,980
   inclusive of Meals, Resource Kit, &
   Certificate of Attendance
Business World Online International Chamber of Commerce Tri-ISys Forbes College



Accounting for Cooperatives

The Peninsula Manila, Makati City, Philippines
9:00 am to 5:00 pm, Thursday & Friday, March 8 & 9, 2012


COURSE OUTLINE


What are the types of financial statements prepared for the different users and stakeholders?
What are the underlying principles in the preparation of financial statements?
What cooperative transactions are not normal in the ordinary course of business of other entities that led to the development of accounting standards exclusively for cooperatives – comparisons and distinctions?

Statement of Operations (Income Statement)

What information is provided by a statement of operation? How are revenues and expenses determined for reporting purposes? (basis of accounting)
What are the usual revenue accounts that are reflected in a statement of operations?
What are the usual expense accounts that are shown in a statement of operations?
What is the bottom line in a corporation? Is it the same bottom line in a cooperative?
How is cooperative’s net surplus allocated and distributed?
What are the statutory funds? What are the purposes of each?
What are the other accounts in the distribution of net surplus?
How are the rates of interest on capital and patronage refund computed?
Why is there no provision for income taxes in the statement of operations?
How is this compared to corporation’s statement of operations or Income statement?

Workshop: Distribution of Net Surplus

Statement of Changes in Equity

What are the equity accounts of a cooperative?
How can they be compared with the equity accounts of corporation?
How are the transactions affecting the equity accounts presented in the statement of changes in equity?
What transactions can be recorded to the reserve fund? CETF-local? Community development fund? Optional fund?

Workshop: Preparation of Statement of Changes in Equity

Statement of Financial Condition (Balance Sheet)

What is a statement of financial condition?
What accounts are presented in this statement?
How are these accounts classified?
What accounts are peculiar that are shown only in the statement of financial condition of a cooperative?
What is the major difference between the statement of financial condition of a cooperative from that of a corporation?
What are the equity accounts presented in the balance sheet?
What are the features of the members’ equity account?
How is book value per share of share capital computed in a corporation? In a cooperative?
How is the donation and grant presented in the statement of financial condition?
How are statutory funds presented?
Are there other funds to be presented as equity?

Workshop: Presentation of Statement of Financial Condition

Statement of Cash Flow

What information is provided in the statement of cash flow?
What is the major objective of this statement?
How are the items presented in the statement classified?

Notes to Financial Statements

What information is provided by the Notes to Financial Statements?
Why is it necessary to attach this to the major financial statements?
What details should be included in the notes to financial statements?

Accounting Entries for Unique Coop Transactions

What transactions in a cooperative that are considered as unique (they only occur in coop enterprises)?
How are these transactions recorded? Account/s debited and account/s credited?

Analysis of Financial Statements

What is the process of analysing financial statements?
What is achieved when financial statements are analysed?
What are required to perform financial analysis?
What are the uses of financial analysis?
What are the basic tools in financial analysis?
What are financial ratios?
What are the objectives of financial ratios?
What are the major categories of financial ratios?
What are the ratios under each major category?
What are the limitations of financial ratios and other tools of financial analysis?

Tools used in evaluating financial performance of cooperatives

What are the standard evaluation tools that are used by cooperatives in compliance with directives of the Cooperative Development Authority?
What are the components of COOP-PESOS?
How are coops rated according to results of ratio analysis?
What are the adjectival ratings that may be obtained by a cooperative?
What other evaluation tools may be used by coops and their federation to evaluate performance?
What is PESOS Plus? What are the coops that use PESOS Plus?
What are the objectives of PESOS Plus?
What are the ratios under PESOS Plus?
How does PESOS Plus differ from that of COOP-PESOS?
What are the ratings used in PESOS Plus?
How can these tools assist cooperatives in improving operations and services?

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SEMINAR FEE PER PERSON: P 12,980 (Fee covers Meals, Resource Kit, Certificate of Attendance)

GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:

Less 5% for early registrants (on registrations made on or before February 8, 2012)
Less 5% for early payment (if made on or before February 28, 2012)
Less 5% for group registration (minimum of 3 participants)

REGISTER NOW to avail of Early Bird and Group DISCOUNTS
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Share |
Download: Flyer - Black&White (.PDF 385kb)
                         Course Outline (.PDF 367kb)