Center for Global Best Practices

Projects are the cutting edge of development. For both government and business organizations, a project entails an investment of financial resources that are expected to create additional resources and produce benefits or returns over an extended period. For this reason, organizations need a thorough deliberation and assessment of any projects that can bring more value to them. To help management achieve its full potential on project investments, the Center for Global Best Practices (CGBP) will host a pioneering program entitled, Best Practices in Project Feasibility Study and Analysis on Thursday and Friday, December 13 & 14, 2018 at the Manila Marriott Hotel, Pasay City, Philippines. Learn how to score winning projects by conducting feasibility study and carefully assessing its results – whether it is investment-worthy or not. This two-day training is designed to fully equip participants with the global standards in determining the feasibility of a project in various ...

Tax optimization is no longer a matter just for the multinationals and large enterprises. A growing trend of smart SME taxpayers globally are now tailoring their strategies originally drawn up for the big players which are now adopted by smaller and medium sized business. While tax evasion is illegal, tax avoidance is not. There are a number of strategies that tax experts can devise for firms to structure their business operations to avoid taxes – called tax planning, tax avoidance or tax optimization . These strategies stay within the letters of the law. Unknown to many, there are various tax avoidance schemes available under the law that would allow taxpayers to reduce tax without violating Tax Code provisions.  To learn the secrets and tax-saving strategies utilized by these smart business organizations and individuals, the Center for Global Best Practices (CGBP) will host a program entitled, “ Smart Taxpayers’ Guide on Optimizing Tax Savings and Deductions ” scheduled o...

When do you know it’s time to set an internal audit function for your business? An internal audit group or a person is essential as soon as you start delegating key functions to other people such as finance, cash disbursements and receipts, procurement of inventories, maintenance, and even marketing. Someone has to review if the work is done right and complying with policies and procedures to ensure that no cheating, fraud or abuse is happening.  The Center for Global Best Practices is launching this special CPD-accredited program entitled, “ Best Practices on How to Set Up an Internal Audit System ” on Thursday and Friday, May 19 & 20, 2016 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines.  For details and a complete list of seminars including Best Practices for Audit Committees, you may log on to www.cgbp.org or contact program leader Lara Magnait via email lara@cgbp.org; Manila landlines 842-7148/ 59 & 556-8968/ 69 or Cebu lines: (032) 512-3106/ 0...

As a business decision-maker, it is important to know how to read financial statements and interpret the numbers correctly in order to make right decisions for your business. This is also important to make sense of financial ratios and detect if there are inconsistencies in financial reports.  Because of the need for board directors and business decision makers to know this, the Center for Global Best Practices will conduct  a seminar called “ How to Really Read Financial Statements ” on June 23 & 24, 2011 at The Peninsula Manila, Makati City. This two-day seminar will teach you all that including how to spot important issues and ask intelligent questions in management and board meetings. This user-friendly format will teach you to understand not only balance sheets, income and cash flow statements, but also how to interpret those footnotes and disclosures on audit reports. You will learn how to make sense of those financial ratios and analysis to know if you have a healt...

Is your 2010 financial statement already aligned with the new accounting rules for SMEs ? If not, then you should start working on it because the Securities and Exchange Commission (SEC) will be strictly checking financial reports of SMEs (corporations with assets of P3M to P350M and liabilities of P3M to P250M) for the first time in April 2011. Good news! To help corporations who have not yet adopted the new standards, the Center for Global Best Practices will be conducting the last run of the CPE-accredited seminar entitled "New Accounting  Rules for Small and Medium Entities (SMEs)". This will save you from SEC penalties and costly reworks for your financial report. You can catch the seminar on March 4, 2011, 9 am to 5 pm at the Peninsula Manila. This seminar will feature Atty. Ma. Gracia Casals-Diaz, CPA who is a general accountant of the Securities and Exchange Commission.  Her office is in-charge of reviewing all financial reports of SME corporations to ensure ...