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, 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 May 6, 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: