Understanding Cooperative Financial Statements

Cooperatives have their own language of business when it comes to preparation and interpretation of their financial statements. 

If you want to do business with over 27,000 listed cooperatives in the Philippines, it is a must to master their unique accounting terminologies. With this, the Center for Global Best Practices will host a CPD-accredited program entitled, Understanding Cooperative Financial Statements to be held Thursday and Friday, September 6 & 7, 2018 at the Manila Marriott Hotel, Pasay City, Philippines.

This pioneering, two-day program will provide you a comprehensive understanding of the cooperatives' financial statements under the Philippine Financial Reporting Framework (PFRS). This user-friendly guide will address important issues such as knowing the difference between Cooperative Statement of Financial Condition vs. Corporation's Statement of Financial Position; Cooperative Statement of Operations vs. Corporation's Income Statement, and more! This program is guaranteed to boost your financial literacy to interpret, to analyze and to make the right decisions whether you are lending or doing business with cooperatives.

This special program will feature a Cooperative expert, Ma. Elma L. Ilagan-Ame, CPA. She was appointed by the Cooperative Development Authority as a member of the National Technical Working Groups for the development of the Philippine Financial Reporting Framework for Cooperatives (PFRF), Standard Chart of Accounts, Standard Audit System, External Auditors' Accreditation Guidelines for Cooperatives, and Modules for External Auditors' Accreditation Training. Her firm M.I. Ame Accounting Office, is helping many of the largest cooperatives in the country. She is an active PICPA member, currently sitting in the PICPA National Board as Director for Southern Tagalog Region and having been Chair of the PICPA National Committee on Cooperative Development.

This is open to the general public.  It is also highly recommended for members of the board and audit committees, bankers, lenders, accountants, lawyers, entrepreneurs, and anyone who is interested to learn the language of business of cooperatives.

This program is CPD-accredited. Accountants attending this event will earn CPD credit units.

Interested participants may avail of the following:
a) 5% Early Payment Discount (valid until August 26 only)
b) b) 5% Group Discount (for a group of 3 or more)


You may also find of interest other Best Practices Programs:

1) BIR Computerized Accounting System Compliance for Medium and Large Taxpayers
     Thursday, September 20, 2018

2) What You Must Know About the 2016 Procurement Law IRR
     Thursday & Friday, September 27 & 28, 2018

3) Business and Public Officials' Guide on 
     How to Joint Venture Effectively with theGovernment
     Friday, October 12, 2018

4) Best Practices in Managing Financial Performance
     Thursday and Friday, October 25 & 26, 2018

5) Property Owner's Guide to Ejecting Illegal Dwellers Effectively
     Friday, November 16, 2018

6) How to Prepare Unsolicited Proposals for Government Projects
     Thursday & Friday, November 22 & 23, 2018

7) Best Practices in project Feasibility Study and Analysis
     Thursday and Friday, December 13 & 14, 2018

8) Best Practices on How to Conduct Strategic Planning 
     and Prepare Strategic Action Plans
     Friday, July 12, 2019

9) Best Practices in Implementing Effective Business Controls
     Thursday, April 11, 2019

10) More at www.cgbp.org

For inquiries, request of Letter of Invitation, you may contact;
Center for Global Best Practices

Telephone Numbers:
Metro Manila: (+63 2) 842-7148 or 59, and (+63 2) 556-8968 or 69
Baguio Line:   (+63 74) 423-2914
Cebu City:      (+63 32) 512-3106 or 07

Legaspi City:  (+63 52) 736-0148

The Center for Global Best Practices also accepts in-house training and consulting for individuals, families, and corporate clients. We invite you to check the website www.cgbp.org for a complete list of CGBP’s upcoming programs.

Note: Public officials and government employees attending these training programs are exempted from the Php 2,000 limit set by COA based on the Department of Budget and Management circular 563 issued on April 22, 2016.

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