TUESDAY & WEDNESDAY, AUGUST 26 & 27, 2025 * 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.
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).
Head of the Organization
National Government Agencies
Local Government Units
Government-Owned & Controlled Corporations
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
Contact Person: Kyra Gayle Villanueva
Mobile Number (+63 968) 851-2347
Telefax: (+632) 8842-7148 or 59
Email: kyra.cgbp@yahoo.com
