Understanding Financial Statements
₱1,499.00 + VAT
Featured Speaker: Dr. Rufo R. Mendoza
Former Vice-Chair for Professional Regulatory Board of Accountancy
July 23, 2021
2:00pm – 5:00pm
Regular Rate Php 1,499.00 + VAT starting July 17, 2021
Early Bird Rate Php 1,399.00 + VAT until July 16, 2021
Group Rate Php 1,299.00 + VAT per pax for 5 or more pax
Inclusive of the Webinar Session, the Presentation Materials of the Speaker and the Digital Certificate *******************************************************************
Understanding Financial Statements
Financial statements tell the story of a business. The abundance of data contained in the financial statements urges the board and management of business organizations to rely upon them in coming up with sound decisions and in plotting the future of the business.
More importantly, investors, creditors, suppliers, and analysts depend on the financial statement data in assessing the financial health of a business. Hence, it becomes imperative for both the preparers and users of financial statements to clearly figure out the structure and contents of the financial statements.
This seminar provides the participants with a comprehensive knowledge on the various elements that comprise the financial statements, including their nature, classification, measurement, and presentation. It covers the accounting information system that the business must put in place to ensure that financial statements are fairly presented and generated on time.
Discussions will include the interrelationship of accounts and the links among the different financial statements. The seminar concludes with analyzing the contents of the financial statements to make them more meaningful to users.
At the end of the seminar, the participants will be able to:
- Explain the attributes and processes that comprise an accounting information system and their interrelationship;
- Describe the regulatory regime, standards, and frameworks that serve as guide in financial accounting and preparation of financial statements;
- Illustrate the structure and contents of the statement of financial position, statement of comprehensive income, and statement of cash flows and discuss their relationship
- Demonstrate the contents and importance of the notes to financial statements;
- Analyze the financial health of a business organization based on the financial statements.
Outline of Topics
1. Key Business Activities. This explains how the business undertakes the financing, investing, and operating activities and the role of the managers on these activities.
2. The Financial Reporting Environment. This covers the current developments pertaining to the preparation of the financial statements as required by regulatory bodies.
3. The Structure and Contents of the Financial Statements. This covers the classification of accounts as shown in the financial statements and the contents of the balance sheet, income statement, and statement of cash flows.
4. Financial Analytical Tools and Techniques
- Asset management or activity
5. Integrated Tools in Analyzing Business Performance
- Du Pont Method of Financial Analysis
- Financial Leverage
Business owners and executives; and managers, officers, and staff performing the following functions: finance, accounting, marketing, operations, human resources, credit analysis and evaluation, purchasing, planning, supply chain, and investment management.
RESOURCE SPEAKER – DR. RUFO R. MENDOZA
- Dr. Rufo R. Mendoza was a member of the Professional Regulatory Board of Accountancy for seven years, where he was the Vice-Chair for three and a half years. He was also the Chair of the PRC’s Continuing Professional Development Council for Accountancy for five years. In his tenure in the BOA, he represented the country in the ASEAN Meetings of Professional Regulatory Authorities for the Mutual Recognition Arrangement on Accountancy Services. He was also the country’s delegate to the APEC Senior Officials Meeting in Accounting Services. He was PICPA’s national awardee as Outstanding CPA in Professional Development in 2008 and Outstanding CPA in Government Service in 2010.
- He has more than 20 years of experience in external audit and internal audit of private businesses. He has 15 years of extensive experience in consulting with international development organizations in the area of public financial management that covers the internal control system, risk management, and internal audit. He was Consultant at World Bank, UNDP, European Commission, Australian Agency for International Development, and United States Agency for International Development.
- He has a master’s degree in development management and a Ph.D. in community development and agribusiness management both from the University of the Philippines Los Baños, where he was awarded membership in three international honor societies.
- He taught in the graduate school of leading universities in the Philippines, including the Asian Institute of Management, Ateneo de Manila University’s School of Government, UP Open University, University of Philippine Los Baños, and De La Salle Lipa.
- Currently, he is a National Capacity Development Expert at the Asian Development Bank.
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₱1,499.00 + VAT
Understanding Financial Statements
₱1,499.00 + VAT
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