Proper Handling of Books of Accounts and Other Accounting Records
₱1,699.00 + VATAre you tired of juggling multiple financial statements,
invoices, and ledgers? Do you struggle to ensure the accuracy
and integrity of your organization’s financial records?
In this masterclass, we’ll show you how to properly handle
books of accounts and other accounting records,
providing you with the skills and confidence
to manage your organization’s finances with ease.
Learn how to maintain accurate and up-to-date financial records,
identify potential errors, and ensure compliance
with regulatory requirements.
Proper Handling of Books of Accounts and Other Accounting Records
August 1, 2024
2:00pm – 5:00pm
ONLINE MASTERCLASS VIA
This comprehensive masterclass is designed to equip accounting professionals and finance teams with the skills and knowledge necessary to properly handle books of accounts and other accounting records.
Through a combination of lectures and practical exercises, participants will learn how to accurately record, classify, and report financial transactions, as well as how to identify and correct errors in financial statements. This masterclass is ideal for accountants, bookkeepers, financial controllers, and other finance professionals who want to improve their understanding of accounting principles and practices.
- To educate accounting professionals in the principles of accounting record-keeping
- To provide practical skills in recording, classifying, and reporting financial transactions
- To equip participants with the ability to identify and correct errors in financial statements
- To ensure compliance with regulatory requirements
- How to properly record and classify financial transactions
- How to identify and correct errors in financial statements
- How to maintain accurate and up-to-date financial records
- How to ensure compliance with regulatory requirements
- Best practices for managing accounting processes
Module 1: Introduction to Accounting Record-Keeping
- Overview of accounting principles and concepts in the Philippines
- Importance of accurate and up-to-date financial records in compliance with Philippine accounting standards
- Types of accounting records: journals, ledgers, and accounts
Module 2: Recording Financial Transactions
- Recording of debit and credit transactions
- Classification of transactions: cash, accrual, or hybrid basis
- Examples of common transactions: cash receipts, cash payments, sales, purchases
Module 3: Computation of Penalties
- Overview of penalty computation in Philippine taxation
- Factors to consider in computing penalties: amount, type, and period of delinquency
- Practical exercise on penalty computation
Module 4: Registration of Books of Accounts
- Requirements for registration of books of accounts: tax authority, BIR registration
- Procedure for registering books of accounts: forms, fees, and submission
Module 5: Keeping and Preservation of Books of Accounts and Other Accounting Records
- Requirements for keeping and preserving books of accounts and other accounting records
- Best practices for record-keeping: organization, storage, and retrieval
Module 6: Use of Manual Books of Accounts, Loose-leaf and Computerized Accounting System
- Overview of accounting systems: manual, loose-leaf, and computerized
- Advantages and disadvantages of each system
- Practical exercise on using accounting systems
Module 7: Reporting of Revenue and Sales
- Requirements for reporting revenue and sales: types of reports, frequency, and format
- Practical exercise on preparing revenue and sales reports
Module 8: Official Receipts and Commercial or Sales Invoices
- Requirements for official receipts and commercial or sales invoices: content, format, and issuance
- Best practices for issuing receipts and invoices
Module 9: Substantiation Requirements
- Overview of substantiation requirements in Philippine taxation
- Types of substantiation requirements: receipts, invoices, and other documents
- Practical exercise on substantiation requirements
Module 10: Itemized Deductions
- Overview of itemized deductions in Philippine taxation
- Types of itemized deductions: medical expenses, travel expenses, etc.
- Practical exercise on itemized deductions
Module 11: Optional Standard Deduction
- Overview of optional standard deduction in Philippine taxation
- Calculation of optional standard deduction
- Practical exercise on optional standard deduction
Module 12: Withholding Tax Rules
- Overview of withholding tax rules in Philippine taxation
- Withholding tax rates and procedures
- Practical exercise on withholding tax rules
Module 13: Relevant Court Decisions
- Overview of relevant court decisions in Philippine taxation
- Impact on accounting practices and record-keeping
- Discussion on best practices for compliance with court decisions
Atty. Arnold A. Apdua, CPA
Former B.I.R. Insider
Managing Partner of AAA and Co.
Click here for his profile.
ONLINE MASTERCLASS
EARLY ACCESS PROMO
Jumpstart Special – Php. 1,199 + VAT per pax
(paid on or before July 10)
Early Bird Rate – Php. 1,399 + VAT per pax
(paid on or before July 18)
GROUP PROMO
Group Rate – Php. 1,299 + VAT per pax
(for 5 – 14 pax)
Super Group Rate – Php. 1,099 + VAT per pax
(for 15 or more pax)
SPECIAL PROMO
Birthday Promo – Free Seat if you register within birthday month
with at least 2 paid pax @ Php. 1,699 + VAT per pax
(Must present proof of date of birth)
Join Now Pay Later Promo – Php1,899 + VAT per pax
(Pay after 30 days from the date of the masterclass)
Student Rate – Php. 850 + VAT per pax
(Must present a valid High School or College student ID)
REGULAR RATE
Php. 1,699 + VAT per pax
(starting July 19)
Inclusive of the Masterclass Session, the presentation materials and the Digital Certificate.
Looking for customized in-house training in HR, Labor Law, Taxation, Accounting, Supply Chain Management, Soft Skills, or similar areas?
Click here for more information.
IMPORTANT REMINDERS
REGISTRATION.
You must register or be registered by someone else to be able to join our webinars. Webinar access links are strictly sent through email therefore make sure you indicate the right email addresses for the participants. Please indicate how many participants you wish to include before hitting the REGISTER NOW button.
CHECK OUT.
When you go to the Checkout Page, double-check the number of participants you have to register, if you change your mind or wish to make last-minute adjustments, do not forget to update your cart by clicking the UPDATE CART button. Once everything is final, you may now click the PROCEED TO CHECK OUT button.
BILLING DETAILS AND THE NAMES OF THE PARTICIPANTS.
On the upper portion, you have to enter your details (esp. your email address) as the one paying for the registration. Underneath, you have to enter the details (esp. the email addresses) of the participants you wish to join the webinar.
PAYMENT
POWERMAX provides three (3) payment options:
(1) Bank Deposit/Online Bank Transfer
(2) G-Cash
(3) PayPal/Credit or Debit Card Through PayPal
Bank Deposit or Online Bank Transfer / G-Cash
If you choose Bank Deposit/Online Bank Transfer or G-Cash, you have to send the proof of payment to info@powermax.ph.
IMPORTANT:
Proof of payment must be sent to info@powermax.ph. Failure to send the proof of payment to info@powermax.ph means the participants will not receive the webinar links even if the proof of payment is sent to other contact details of Powermax or its representatives (e.g., Facebook, Messenger, Viber, other email addresses, etc.).
Payment Through PayPal
If you choose to pay for your registration using PayPal you may do so. Please take note that PayPal also accepts Debit Cards and Credit Cards bearing the VISA and Mastercard logo. Unlike the Bank Deposit/Online Bank Transfer, the PayPal process automatically updates our system to issue the participants their access to our webinars.
Masterclass access links.
Once payment is made and verified, we can activate the spot on the webinar then we can send the webinar access links to the email addresses of the participants – this only goes with Bank Deposit/Online Bank Transfer / G-Cash. However, for payments made using PayPal, the activation process is automatic. Note that your webinar access link cannot be shared with anyone else. If you cannot attend on the date and time of the webinar kindly advise us at the latest one day ahead.
Terms and Conditions.
By registering you agree to our Terms and Conditions and acknowledge our Privacy Policy.
Thank you and enjoy!
Keep safe and God Bless!