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COA Guidelines & Procedures: One-Time Cleansing of Property, Plant & Equipment Account Balances for



Training investment is inclusive of an e-certificate and a printed learning material

P 4,880.00 / person - when you register and pay on or before March 18

P 5,880.00 / person - Regular Rate

*Optional:
Add P450 for a printed copy of a certificate of attendance inclusive of delivery charge


THURSDAY & FRIDAY, APRIL 18 & 19, 2024 * 1:30PM TO 4:45PM VIA ZOOM


The existence of enormous amounts of discrepancies in PPE account balances of government agencies has become a perennial issue and caused the non-establishment of the accuracy of the PPE balances presented in the financial statements.

This two-session program aims to provide ALL attendees the knowhow of proper implementation of guidelines and procedures for the one-time "big-time" opportunity to de-recognize non-existing/ missing PPEs and/ or to clean up discrepancies or unreconciled balances in your organization's PPE accounts.

This is applicable to all branches of government such as the executive, legislative and the judiciary and including GOCCs, GFIs, LGUs, water districts, government hospitals, state and local universities and colleges.



Course Director & Lecturer



Ms. Maribeth F. De Jesus CPA


She is a practitioner, lecturer, consultant, and adviser to various government agencies and private companies on accounting & auditing training programs, cash management control system, property supply management system and laws & rules on government expenditures.

Her expertise in public accounting and auditing was honed by her former government positions including Former Assistant Commissioner on Systems and Technical Services Sector at Commission on Audit (COA) and Director III & Director IV of Cluster 8 Agriculture and Environment for National Government Agencies.

She also served as Unit Head, Audit Team Leader and Supervising Auditor of other government institutions such as Civil Service Commission – NCR, Philippine Science High School (PSHS), Office on Muslim Affairs (OMA), Bureau of Internal Revenue (BIR), Armed Forces of the Philippines Medical Center (AFPMC), Department of National Defense (DND), Department of Health (DOH), and Department of Social and Welfare Development (DSWD).

Who Should Attend?


  • Head of the Organization
  • National Government Agencies
  • Local Government Units
  • Government-Owned & Controlled Corporations
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



Attendees from the government are exempted from the P2,000.00 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.

Attending this training is not covered by Philippine Procurement Law or RA 9184 based on its Revised IRR’s Section 4.5-b. which classifies training continuing education, conferences and similar activities as "non-procurement activities that shall be governed by applicable COA, CSC, and DBM rules".
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Contact Details

Contact Person: Kyra Gayle Villanueva
Mobile Number (+63 968) 851-2347
Telefax: (+632) 8842-7148 or 59
Email: kyra.cgbp@yahoo.com

Account Name: Center for Global Best Practices Foundation, Inc.

Metrobank: 495-3-495-504-418
Unionbank: 0013-3002-7702
PNB: 1477-7000-0961
Landbank: 3832-1015-82

Address

Unit 905 Richville Corporate Tower
1107 Alabang-Zapote Road
Madrigal Business Park
Muntinlupa City, 1780, Philippines

Contact Us

(+63 2) 8556-8968 (+63 2) 8556-8969 (+63 2) 8842-7148 (+63 2) 8425-9752 (+63 2) 8842-7159 cgbp.info@gmail.com

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