OCTOBER MEMBERSHIP MEETING
To all Cebu PICPAns!
The PICPA-Cebu Membership Meeting for this month will be on October 30, 2008 (Thursday), 1:30 p.m. to 4:30 p.m. at Sacred Heart Center, Cebu City. The guest speaker is Dr. Jane C. Galang, a cardiologist; Father John Orat of St. Therese Parish and Mr. Lamberto Ortilla , a herbalist to share to us their points of view of Healthy Lifestyle from spiritual side to medical side.
It is high time for us professional accountants to be concern not only of the financial reports, work to be done. As the saying goes, “Health is Wealth”. Let’s not waste our life searching for Wealth and sacrifice our Health. And regret later that we are spending our Wealth to recover our Health. On this occasion, the Chapter will also give updates to the general membership about what transpired during the past months and the plans and programs for the succeeding months, especially the forthcoming national convention in Davao this coming November.
A minimal fee of P 250.00 will be assessed to cover the cost of snacks and other incidental expenses. Pre-registration is needed for proper accommodation arrangements. Deadline is set on October 28, 2008. Non-PICPA members are also welcome to attend. For any inquiries, you may contact the PICPA-Cebu Secretariat at telephone number 253-2871 or 255-0163 or fax your confirmation slip to 254-3040, or you may send email to vbolocboloc@picpa-cebu.com (c/o Ms. Vilma).
Sincerely,
ATTY. MARLON C. BARUC (sgd)
Chairman, Committee on Meetings
ROMILLIE O. VIDAD (sgd)
Supervising Director
Committee on Meetings
Noted by:
NOE G. QUINANOLA(sgd)
President
TAX SEMINAR
To all Cebu PICPAns!
The PICPA Cebu Chapter will sponsor a half-day Tax Updates Seminar on October 22, 2008 (Wednesday), 1:00 p.m. to 5:00 p.m. at Sacred Heart Center, Cebu City.
Topics for discussion will include the following new BIR issuances:
RR 10-2008: final implementing regulations of RA 9504 (Exemption from income tax of minimum wage earners and increase in personal and additional exemptions)
RR 11-2008: Consolidated revenue regulations on taxpayers primary registration, updates and cancellation.
Our resource speakers are Mr. Ipher Q. Tabanag, CPA Group Supervisor, BIR Mandaue; and Atty. Neri Yu Asst. Chief, Legal Division, BIR Revenue Region 13 Cebu.
To cover the cost of materials, snacks, venue and other incidental expenses, a minimal fee is assessed at P 500 for members in good standing and P 600 for other attendees. Due to limited seats, a Pre registration with Payment is needed for this seminar. Deadline is set on October 18, 2008 A.M. (Saturday).
For inquiries, please contact PICPA Cebu office at 253-2871 or 255-0163.
Sincerely,
STEPHEN L. YU (sgd)
Co-Chairman, Committee on Taxation
ARNOLD P. SUPILANAS (sgd)
Supervising Director
Noted by:
NOE G. QUINANOLA(sgd)
President
2008 PICPA Run N Gun Basketball Tournament on Nov. 8, 2008
To all Cebu PICPAns!
To continue our program of bringing members closer through sports, the Committee on Sports will hold a basketball tournament dubbed as the 2008 PICPA Run N Gun Basketball Tournament.
The tournament, which will be composed of eight (8) teams wearing separate team colors, and is tentatively slated to start on November 8, 2008 (9:00 A.M. to 12:00 noon) at the City Sports Center, Cebu City.
General mechanics of the tournament are as follows:
1.A team must be composed of twelve (12) players who must be of good standing PICPA members upon deadline of submission of line-up. Teams with members who are not good standing PICPA members are not allowed to play in the game, if able to play his team is automatically forfeited from the game he was able to play.
2.Each team will play in a single round robin elimination, with the top four (4) teams advancing to the crossover semi-finals. Winners of the crossover semis will advance to the best-of-three championship game with the losers playing for a one-game 3rd place match.
3.Joining fee to cover the court rental fees and referees fees is only FIVE HUNDRED PESOS (P 500) per player.
4.Prizes will be given to the Champion and Runner-ups.
5.Deadline for submission of your team’s official line-up is October 24, 2008. Check payments should be payable to PICPA-Cebu Chapter.
Register now and remit your joining fee to our PICPA Secretariat, PICPA Bldg., Sanciangko St., Cebu City, at telephone nos. 253-2871 or 255-0163 not later than October 24, 2008. You may fax your confirmation slips at fax no. 254-3040 or email to vbolocboloc@picpa-cebu.com (c/o Ms. Vilma).
Come and shoot your way to the top.
Sincerely,
RHENEIR P. MORA(sgd)
Chairman, Committee on Sports
ROY D. MAGSALAY(sgd)
Chairman, Committee on Sports
Noted by:
NOE G. QUINANOLA(sgd)
President
CPE on the Road Part 3
The PICPA Eastern Visayas Region and the PICPA Cebu Chapter is scheduling the Part 3 of the CPE on the Road (EVR Version) on October 8 to 10, 2008 (Wednesday. to Friday) at Sacred Heart Center, D. Jakosalem St., Cebu City. Participants-Practitioners will earn 22.50 cpe units for the 3 days (3.75 units for Relevant Laws, 12.50 units for PFRS, and 6.25 units for PSA). Sessions start at 8:30 am and ends at 5:00 pm. As the Chapter has already automated the capture and recording of Members’ attendance in seminars and other meetings qualifying for CPE credit units, you are advised to be at the venue on time to avail of full CPE credit units.
SEMINAR SCHEDULE:
October 8, 2008 (Wednesday:)(PFRS 7.5)
Session 1
PAS 40 Investment Property
PAS 33 Earnings Per Share
PFRS 5 Non-Current Assets Held for Sale
Session 2
PAS 16 Property and Equipment
PAS 36 Intangibles
PAS 23 Borrowing Costs
October 9, 2008 (Thursday:) (PSAs 3.75, Relevant Laws 3.75)
Session 1
PSA 300 (Rev.) Planning an Audit of FS
PSA 320 Audit Materiality
PSA 500 (Rev.) Audit Evidence
Session 2
SEC/BIR Rulings
October 10, 2008 (Friday:) (PFRS 5.0 / PSAs 2.50)
Session 1
PAS 11 Construction Contracts
PAS 19 Employee Benefits
Interpretations
Session 2
PAS 21 Foreign Exchange
PSA 501 Audit Evidence – Additional Considerations on Specific Matters
PSA 520 Analytical Procedures
Seminar fee is only P1, 000 per day to take care of the meals, materials and other incidental expenses. For confirmation of your attendance, please fill-in the attached Confirmation Slip and fax to 254-3040 on or before September 5, 2008. For any inquiries, you may contact the PICPA Cebu Office at 253-2871 / 255-0163 or telefax 2543040
SEPTEMBER MEMBERSHIP MEETING
Greetings!
Please be informed that our Membership Meeting for the month will be on Thursday, September 25, 2008, 11:30 am to 2:00 pm at Casino Español de Cebu, Cebu City.
We are inviting Hon. Ma. Elenita B. Cabrera, Member – Board of Accountancy, Professional Regulation Commission to talk about the Updates of the New Accounting Standards that will take effect on January 1, 2009 and other issues affecting the Accounting Profession.
On this occasion, the chapter will also give updates to the general membership about what transpired during the past months and the plans and programs for the succeeding months.
A minimal fee of P 600.00 will be assessed to cover the cost of lunch and other incidental expenses.
Pre-registration is needed for proper accommodation arrangements. Deadline is set on September 24, 2008. For any inquiries, you may contact the PICPA-Cebu Secretariat at Tel. No. 253-2871 or 255-0163 or send email to vbolocboloc@picpa-cebu.com and look for Vilma.
Sincerely,
ATTY. MARLON C. BARUC(sgd)
Chair, Committee on Meetings
ROMILLIE O. VIDAD(sgd)
Supervising Director, Committee on Meetings
Noted by:
NOE G. QUINANOLA(sgd)
President
CPE on the Road Part 2
The PICPA Eastern Visayas Region and the PICPA Cebu Chapter is scheduling the Part 2 of the CPE on the Road (EVR Version) on September 10 to 12, 2008 at Sacred Heart Center, D. Jakosalem St., Cebu City. Participants-Practitioners will earn 22.50 cpe units for the 3 days (7.50 units for Relevant Laws, 7.50 units for PFRS, 3.75 units for Tax and 3.75 units for PSA). Sessions start at 8:30 am and ends at 5:00 pm. As the Chapter has already automated the capture and recording of Members attendance in seminars and other meetings qualifying for CPE credit units, you are advised to be at the venue on time to avail of full CPE credit units.
SEMINAR SCHEDULE:
September 10, 2008 (Wednesday:)(Relevant Laws 3.75 / PSA 3.75)
Session 1
Relevant Laws (BSP/SEC/PRC-BOA)
Session 2
PSA 240 The Auditors Responsibility to Consider Fraud in the Audit of FS
PSA 250 Consideration of Laws and Regulations in an Audit of FS
PSA 260 Communications of Audit Matters with those Charged with Governance
September 11, 2008 (Thursday:) (PFRS 7.50)
Session 1
PAS 10 Events after the Balance Sheet Date
PAS 2 Inventories
PAS 20 Accounting for Government Grants
Session 2
PAS 1 Presentation of Financial Statements
PAS 7 Cash Flow Statements
PAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
September 12, 2008 (Friday:) (Relevant Laws 3.75 / Tax Updates 3.75)
Session 1
Relevant Law (SEC / CDA / RA 929 / etc.)
Session 2
Tax Updates (New Accounting Standards vs. Income Tax Reporting)
Seminar fee is only P1, 000 per day to take care of the meals, materials and other incidental expenses. For confirmation of your attendance, please fill-in the attached Confirmation Slip and fax to 254-3040 on or before September 5, 2008. For any inquiries, you may contact the PICPA Cebu Office at 253-2871 / 255-0163 or telefax 2543040
Seminar-Workshop on VALUES in the WORKPLACE
SUBJECT: AN INVITATION to a Seminar-Workshop on VALUES in the WORKPLACE
Date: September 19, 2008 @ 8am-12noon
Venue: Sacred Heart Center, D. Jakosalem St., Cebu City
Fellow PICPANS and FRIENDS,
Crucial to our countrys growth as a nation is the harnessing of a value-empowered consciousness among its citizenry.
In line with our professional development, we would like to invite you to participate in a half-day workshop on September 19, 2008, from 8am to 12noon, where we hope to elevate our individual awareness and participation in creating a value-driven workplace right where we are. This will be conducted by accredited trainers of the ADVOCATES OF LIVING VALUES EDUCATION INC. (ALIVE), using the LIVING VALUES EDUCATION PROGRAM of the United Nations.
The registration fee of five hundred pesos (P500.00) will cover cost of materials, certification, morning snacks and lunch, as well as honorarium for our trainers.
Please confirm your participation not later than September 10, 2008 by filling up the pre-enrollment form below and faxing it to the PICPA-Cebu office at telephone number 254-3040. You may also email your confirmation to the Secretariat at our new PICPA-Cebu website: vbolocboloc@picpa-cebu.com (c/o Vilma) or rrosell@picpa-cebu.com (c/o Daylin).
Sincerely,
CONCEPCION RASALAN-RACAZA(sgd)
VP for Professional Development & Research
NOE G. QUINANOLA(sgd)
President
CPE on the Road
PICPA Eastern Visayas Region and PICPA Cebu Chapter will again deliver the CPE on the Road (EVR Version) on July 31 to August 2, 2008 at Sacred Heart Center, D. Jakosalem St. Cebu City. The aim is to provide practitioners the opportunity to earn the units required for the renewal of their PRC/BOA accreditation.
Participants will earn 22.5 cpe units for the 3 days. 4 units for the Professional Ethics; 11 units for the PSA and 7.5 units for PFRSs. The participation fee is only P1,000.00 per day to cover the meals and venue.
SEMINAR SCHEDULE:)
July 31, 2008_(Thursday:)
PSA, 3 units and PFRS 4.5 units)
PSA 210 - Terms of Audit Engagements
PSA 220 - Quality Control for Audits of Historical Financial Information
PSA 230 - Audit Documentation
PSA 37 - Provisions, Contingent Assets and Contingent Liabilities
PAS 17 - Leases
PAS 12 - Income Tax
August 1, 2008_(Friday):
(PSA, 4.5 units and PFRS 3 units)
PSA 510 - Initial Engagement Opening Balance
PSA 560 - Subsequent Events
PAS 41 - Agriculture
PSA 710 - Comparatives
PAS 12 - Going Concern
PAS 18 - Revenue
August 2, 2008_(Saturday):
(Professional Ethics, 4 units and PSA 3.5 units)
Professional Ethics for CPAs in Public Practice (Including New Rules of Advertising)
PSA 700 - The Independent Auditor’s Report on a Complete Set of General Purpose
Financial Statements
PSA 701 - Using the work of Another Auditor
PAS 620 - Using the work of an Expert
Seminar Fee is only P1,000.00 per day to take care of the meals, materials and other incidental expenses.For confirmation of your attendance, please fill in the attached Confirmation Slip and Fax to 254-3040 on or before July 29, 2008. For inquiries, you may contact the PICPA Cebu Office at 253 2871 / 255-0163 or telefax 254-3040