Download: Flyer - Black&White (.PDF 463kb)
Course Outline (.PDF 142kb)
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10 SEPTEMBER 2010 * EDSA SHANGRI-LA HOTEL, MANDALUYONG CITY * 9:00AM to 5:00PM
Effective January 2010, the Securities and Exchange Commission mandated SME Corporations (with assets of P3M to P350M and liabilities of P3 million up to P250 million) to adopt the New Accounting and Financial Reporting Rules. If you are an SME, it’s a must to know these changes before you finalize your financial report to avoid waste of time, costly mistakes and penalties from SEC. Positively, there are benefits that SMEs should take advantage of with this new regulation.
If you are a large corporation such as a bank, finance company, insurance company, investment house, mutual funds, pre-need company, or securities broker/dealer, it’s important for you to know how the effect of these changes in accounting rules impact on your valuation of companies and your investments in your associate companies or joint venture partnerships.
As a creditor, you would want to know how the new accounting rules are changing the financial ratios of SME borrowers and how these impact on their credit standing or credit worthiness to ensure that there is no breach in your covenant with your debtors.
In this solutions-oriented program, we will show you practical applications and teach you how to implement these new regulations properly!
If you are a large corporation such as a bank, finance company, insurance company, investment house, mutual funds, pre-need company, or securities broker/dealer, it’s important for you to know how the effect of these changes in accounting rules impact on your valuation of companies and your investments in your associate companies or joint venture partnerships.
As a creditor, you would want to know how the new accounting rules are changing the financial ratios of SME borrowers and how these impact on their credit standing or credit worthiness to ensure that there is no breach in your covenant with your debtors.
In this solutions-oriented program, we will show you practical applications and teach you how to implement these new regulations properly!
ONE-TIME SEMINAR
REGISTER NOW
Avail of Early Bird and
Group DISCOUNTS
Seminar Investment is P7,880
inclusive of Meals, Resource Kit, &
Certificate of Attendance
Contact Person: Ivy Enriquez
Telephone (+632) 556-8968 or 69
Telefax (+632) 842-7148 or 59
EMAIL: ivy@cgbp.org
Check: http://www.cgbp.org
REGISTER NOW
Avail of Early Bird and
Group DISCOUNTS
Seminar Investment is P7,880
inclusive of Meals, Resource Kit, &
Certificate of Attendance
Contact Person: Ivy Enriquez
Telephone (+632) 556-8968 or 69
Telefax (+632) 842-7148 or 59
EMAIL: ivy@cgbp.org
Check: http://www.cgbp.org
Lecturer:
Atty. Ma. Gracia Casals-Diaz, CPA – she is the General Accountant of the Securities and Exchange Commission. Her office is in charge of reviewing all financial reports of SME corporations to ensure compliance to the new accounting rules required by the SEC. Awarded by the Philippine Institute of Certified Public Accountants (PICPA) as the “Young Achiever in Government Service”
She will comprehensively discuss the official interpretation & best practices implementation of the new accounting rules.
Atty. Ma. Gracia Casals-Diaz, CPA – she is the General Accountant of the Securities and Exchange Commission. Her office is in charge of reviewing all financial reports of SME corporations to ensure compliance to the new accounting rules required by the SEC. Awarded by the Philippine Institute of Certified Public Accountants (PICPA) as the “Young Achiever in Government Service”
She will comprehensively discuss the official interpretation & best practices implementation of the new accounting rules.
• Decision-Makers
• Board Directors
• CFOs, Controllers
• Accountants
• Business Consultants
• Teachers of Accounting
• Accounting Students
• Board Directors
• CFOs, Controllers
• Accountants
• Business Consultants
• Teachers of Accounting
• Accounting Students
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New Accounting Rules for Small & Medium Entities (SMEs) effective January 2010
Edsa Shangri-La Hotel, Mandaluyong City, Philippines
9:00 am to 5:00pm, September 10, 2010
Course Outline
I. Development of a Separate Set of Standards for Small and Medium Entities
II. Adoption of International Financial Reporting Standards (IFRS) for SMEs in the Philippines
a. Regulatory Framework on the Adoption of Accounting Standards;
b. Scope of Philippine Financial Reporting Standards for SMEs;
c. SEC Implementation Guidance on the Adoption of Philippine Financial Reporting Standards for SMEs;
d. Applicable Financial Reporting Frameworks in the Philippines upon Adoption of Philippine Financial Reporting Standards for SMEs
III. Understanding Philippine Financial Reporting Standards (PFRS) for SMEs for Proper Implementation
a. General Description of the PFRS for SMEs;
b. Comparison of PFRS for SMEs with PFRS for Publicly-Accountable Entities (or the “full PFRS”)
i. Key Areas Where the Accounting for PFRS for SMEs Have Been Changed
ii. Key Areas Where the Options under the PFRS for PAEs
iii. Areas Where There are Expected Material Impact on the Financial Position of SMEs.
The foregoing discussions will cover the following topics and accounts:
1. Concepts and Pervasive Principles
2. Financial Statement Presentation
3. Statement of Financial Position
4. Statement of Comprehensive Income and Income Statement
5. Statement of Changes in Equity and Statement of Income and Retained Earnings
6. Statement of Cash Flows
7. Notes to the Financial Statements
8. Consolidated and Separate Financial Statements
9. Accounting Policies, Estimates and Errors
10. Basic Financial Instruments
11. Other Financial Instruments Issues
12. Inventories
13. Investments in Associates
14. Investments in Joint Ventures
15. Investment Property
16. Property, Plant and Equipment
17. Intangible Assets other than Goodwill
18. Business Combinations and Goodwill
19. Leases
20. Provisions and Contingencies
21. Liabilities and Equity
22. Revenue
23. Government Grants
24. Borrowing Costs
25. Share-based Payment
26. Impairment of Assets
27. Employee Benefits
28. Income Tax
29. Foreign Currency Translation
30. Hyperinflation
31. Events After the End of the Reporting Period
32. Related Party Disclosures
33. Specialized Activities
c. Transition to PFRS for SMEs
II. Adoption of International Financial Reporting Standards (IFRS) for SMEs in the Philippines
a. Regulatory Framework on the Adoption of Accounting Standards;
b. Scope of Philippine Financial Reporting Standards for SMEs;
c. SEC Implementation Guidance on the Adoption of Philippine Financial Reporting Standards for SMEs;
d. Applicable Financial Reporting Frameworks in the Philippines upon Adoption of Philippine Financial Reporting Standards for SMEs
III. Understanding Philippine Financial Reporting Standards (PFRS) for SMEs for Proper Implementation
a. General Description of the PFRS for SMEs;
b. Comparison of PFRS for SMEs with PFRS for Publicly-Accountable Entities (or the “full PFRS”)
i. Key Areas Where the Accounting for PFRS for SMEs Have Been Changed
ii. Key Areas Where the Options under the PFRS for PAEs
iii. Areas Where There are Expected Material Impact on the Financial Position of SMEs.
The foregoing discussions will cover the following topics and accounts:
1. Concepts and Pervasive Principles
2. Financial Statement Presentation
3. Statement of Financial Position
4. Statement of Comprehensive Income and Income Statement
5. Statement of Changes in Equity and Statement of Income and Retained Earnings
6. Statement of Cash Flows
7. Notes to the Financial Statements
8. Consolidated and Separate Financial Statements
9. Accounting Policies, Estimates and Errors
10. Basic Financial Instruments
11. Other Financial Instruments Issues
12. Inventories
13. Investments in Associates
14. Investments in Joint Ventures
15. Investment Property
16. Property, Plant and Equipment
17. Intangible Assets other than Goodwill
18. Business Combinations and Goodwill
19. Leases
20. Provisions and Contingencies
21. Liabilities and Equity
22. Revenue
23. Government Grants
24. Borrowing Costs
25. Share-based Payment
26. Impairment of Assets
27. Employee Benefits
28. Income Tax
29. Foreign Currency Translation
30. Hyperinflation
31. Events After the End of the Reporting Period
32. Related Party Disclosures
33. Specialized Activities
c. Transition to PFRS for SMEs
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SEMINAR FEE PER PERSON: P7,880 (Fee covers Meals, Resource Kit, Certificate of Attendance)
GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
• Less 5% for early registrants (on registrations made on or before August 10, 2010)
• Less 5% for early payment (if made on or before August 30, 2010)
• Less 5% for group registration (minimum of 3 participants)
GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
• Less 5% for early registrants (on registrations made on or before August 10, 2010)
• Less 5% for early payment (if made on or before August 30, 2010)
• Less 5% for group registration (minimum of 3 participants)