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THURSDAY & FRIDAY, FEBRUARY 23 & 24, 2023 * 1:30PM TO 4:45PM * via zoom logo




Objective:
          

To enable the participants to understand the rationale, guidelines and procedures for the One-Time Cleansing of PPE Account Balances of Government Agencies. This training will provide the correct interpretation for its proper implementation.



Who Must Attend:

Head of the organization, Head and member of the Accounting, finance and administration Division/Unit, Property Division/Unit, Inventory Committee, COA Auditor, Internal Audit Service/Unit.

All Government Institutions refers to all those covered by the 3 branches of government. For National Government Agencies it includes all regional offices, field offices, line bureaus and attached agencies. For Local Government Units, the training is applicable up to the barangay level. This training is also applicable to all Government-Owned or Controlled Corporations, Water Districts, Electric Cooperatives, Government Financial Institutions, Government Instrumentalities, Government Hospitals, State Universities and Colleges, Local Universities and Colleges


Course Outline:

Part 1: Background
             Rationale
             Purpose
             Coverage
                Government Agencies
                Property, Plant and Equipment Accounts
             Key Players


Part 2: General and Procedural Guidelines of the Inventory Taking
             General Guidelines
             Procedural Guidelines
                Inventory taking
                  - Preliminary activities prior to the conduct of inventory taking
                     ✓ Property Unit
                     ✓ Accounting Unit
                  - Actual inventory taking
                     ✓ Inventory Committee

Part 3: Reconciliation of inventory count per RPCPPE with property and accounting records and Recognition of
            PPE Found in Station

             Property Unit
             Accounting Unit


Part 4: Disposition Procedures for Non-existing/ Missing PPE
             Property Unit
             Accounting Unit


Part 5: Procedures in the Derecognition of Non-existing/ Missing PPE without Available Record of Accountability
             Derecognition of Non-existing/ Missing PPE without Available Record of Accountability
                Head of the Agency
                Accountant
                Accounting Unit
             Responsibility and Authority to Decide Request for Derecognition
                Responsible COA Officer


Part 6: Accounting Entries and Disclosure in the Notes to the Financial Statements
             Accounting Standards on Recognition of PPE found at station
             Recognition of loss of PPE and setting up accountability of accountable officer
             Writing-Off/ Dropping of remaining balances of unreconciled SL for PPEs
             Derecognition of non-existing/missing PPEs with authority from COA
             Disclosures on PPE in the Notes to the Financial Statements



Basis/Reference:

COA Circular No. 2020-006 dated January 31, 2020 (Guidelines and Procedures in the Conduct of Physical Count of Property, Plant and Equipment (PPE), Recognition of PPE Items Found at Station, and Disposition for Non-existing/ Missing PPE Items, for the One-Time Cleansing of PPE Account Balances


Methodology:

On-line lecture and discussions via Zoom with Question-and-Answer segment



Resource Person:

Maribeth F. De Jesus
Assistant Commissioner
Systems and Technical Services Sector
Commission on Audit


Training Duration

2 sessions of 3 hours each


Training Fee:

P 4,880 / person - when you register and pay on or before January 23, 2023
P 5,880 / person - regular fee

The fee is inclusive of a printed learning material and an e-certificate of completion.

Attendees from the government are exempted from the P2,000.00 per day limit set by COA for attending training provided by the private sector based on Department of Budget and Management Circular No. 563 dated April 22, 2016.


Payment Details

Bank Payment:

Account Name: CENTER FOR GLOBAL BEST PRACTICES FOUNDATION, INC.
Landbank Current Account Number: 3832-1015-82

GCash QR Code:

GCash QR Code

CLICK HERE TO REGISTER!

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Download: Course Outline (.PDF 167kb)