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CLA Consultancy and Training Center Inc.

Comparative Learning Advantage
Email: claconsultancy.training@gmail.com | Telefax: (02) 807-3824

June 27, 2013 Dear Colleagues: Warm Greetings! We are pleased to invite you to the following seminars scheduled for July, August and September, 2013 to be held at the TIARA ORIENTAL HOTEL, 7248 Malugay St. San Antonio Village, Makati City ( near the Makati Post Office rear side ). This Special Series will enable the CPA Practitioners who have either partially earned CPD Units or have not earned any CPD Units yet to complete the CPD Requirements for BOA Accreditation purposes (initial or renewal) by September 30, 2013. In-house seminars and training programs are also available for accounting firms with professional staff of 20 or more. For your specific requirements and information, please email the undersigned.

Date

Time

Title

Thema tic Area III

CPD Credit Units 8

Resource Persons

Semi nar Fee P2,000

July 12 Friday July 13 Saturday

8:00 5:00

Quality Control for Small- and Medium-Sized Practices

Dean Ma. Elenita B. Cabrera Former Vice-Chair, Board of Accountancy Mr. Marianito D. Lucero Independent Business Consultant/Advisor Former Principal, KPMG Manabat Sanagustin and Co. Dean Ma. Elenita B. Cabrera

8:00 5:00

Values Appreciation to Energize Life and Work

2,000

August 02 Friday

12:00 6:00

PRC and BOA Updates: Accountancy Law, IRR and Resolutions Relevant to the

P1,800

Practice of Accountancy August 03 Saturday Date 8:00 5:00 Personal Effectiveness: A Key to A Meaningful and Productive Life V 8 Mr. Marianito D. Lucero
2,000

Time

Title

Thema tic Area V III

CPD Credit Units 4 4

Resource Persons

Semi nar Fee 2,000

August 16 Friday

8:00 12:00 1:00 5:00

Competency Requirements for Professional Accountants Code of Ethics for Professional Accountants in Public Practice and in Business

Dean Ma. Elenita B. Cabrera

August 17 Saturday August 31 Saturday

8:00 5:00

Quantitative Techniques for Accounting and Finance Professionals Application of Philippine Standards on Auditing (PSAs) in the RiskBased Audits of Small- and Medium-Sized Entities (SMEs) Philippine Financial Reporting Standards (PFRS) Updates

IV

Dean Ma. Elenita B. Cabrera

2,000

8:00 5:00

II

Dean Ma. Elenita B. Cabrera

2,000

September 18 Wednesday

8:00 5:00

II

Reynaldo R. Ocampo Review Director and Reviewer, Excel Professional Services, Inc. PRTC Faculty Member, Far Eastern University Former BSP Examiner Former SGV Audit Associate Dean Ma. Elenita B. Cabrera

2,000

September

1:00

SEC Updates

IV

1,500

19 Thursday September 21 Saturday

5:00

8:00 5:00

Tax Updates

II

Dante Y. Ceido Principal Partner, Ceido, Ceido & Co., CPAs Reviewer in Taxation and Financial Officer, National Review Center Former Professor, UE, UST, PSBA, MLQU Former SGV Audit Staff

2,000

Summary of CPD Thematic Areas Code Minimum CPD Credits Required 6 PRC and BOA Updates 12:00 6:00 pm) (August 02: 6 Seminar Title CPD Credits

I Enabling Laws, Rules and Regulations II Standards Applicable to Professional Practice

24

Application of PSAs in the Risk-Based Audit of SMEs (August 31: 8:00 5:00 pm) PFRS Updates (September 18: 8:00 5:00 pm) Tax Updates (September 21: 8:00 5:00 pm) Code of Ethics for Professional

8 8 8

III Ethical

10

Governance and Quality Principles

Accountants (August 16: 1:00 5:00 pm) Quality Control for Small-and MediumSized Practices (July 12: 8:00 5:00 pm) 10 Quantitative Techniques for Accounting and Finance Professionals (August 17: 8:00 5:00 pm) SEC Updates (September 19: 1:00 5:00 pm) Competency Requirements for Professional Accountants (August 16: 8:00 12:00 pm) Values Appreciation to Energize Life and Work (July 13: 8:00 5:00 pm) Personal Effectiveness: A Key to A Meaningful and Productive Life (August 03: 8:00 5:00 pm)

IV Environment of the Practice

8 4

V Development of a Person as a Professional

10

4 8 8

Total

60

Seminar Fee covers the cost of seminar proper, VAT, materials, meals and certificate of attendance. We shall appreciate it very much if you can share this information with your friends and other practitioners who may need CPD Credits. Thank you and you may use the attached form to make your reservation. Very truly yours, Ma. Elenita B. Cabrera President, CLA Consultancy and Training Center Inc.

Former Vice Chair, Professional Regulatory Board of Accountancy Former Dean, Lyceum University of the Philippines PRC Accreditation No: 2012-082

RESERVATION FORM
Please fill-up this form for your reservation and send it to claconsultancy.training@gmail.com or fax to (02) 807-38-24. A limited number of participants will be reserved and confirmed on a first-come, first-served basis. You may also confirm your registration by depositing the seminar fee to our bank account: ( BPI 1761-0078-46 Alabang Madrigal Branch) and send us a scanned deposit slip with your name on it. Attendees who are not pre-registered are enjoined to come 30 minutes before the scheduled time. Please make check payable to: CLA Consultancy and Training Center Inc. Reservation Made By: Name in Print: __________________________________________________ Position: __________________

Name of Company / Address: __________________________________________________________________

Contact No.:

(Tel. No.) ___________________

Mobile No. _____________________

Name of Participant (s) (use additional sheets if necessary) _____________________________ _____________________________ CPA Certificate No. ____________ ____________

Date / Time of Seminar Jul. 12, 2013 (Friday) 8:00 5:00 Jul. 13, 2013 (Saturday) 8:00 5:00 Aug. 02, 2013 (Friday) 12:00 6:00 Aug. 03, 2013 (Saturday) 8:00 5:00 Aug. 16, 2013 (Friday) 8:00 12:00 1:00 5:00

Title of Seminar Quality Control for Small- and Medium-Sized Practices Values Appreciation to Energize Life and Work

PRC and BOA Updates: Accountancy Law, IRR and Resolutions Relevant to the Practice of Accountancy Personal Effectiveness: A Key to A Meaningful and Productive Life

_____________________________

____________

_____________________________

____________

Competency Requirements for Professional Accountants Code of Ethics for Professional Accountants in Public Practice and in Business Quantitative Techniques for Accounting and Finance Professionals Application of Philippine Standards on Auditing (PSAs) in the Risk-Based Audits of Small- and Medium-Sized Entities (SMEs) Philippine Financial Reporting Standards (PFRS) Updates SEC Updates

_____________________________ _____________________________

____________ ____________

Aug. 17, 2013 (Saturday) 8:00 5:00 Aug. 31, 2013 (Saturday) 8:00 5:00 Sep. 18, 2013 (Wednesday) 8:00 5:00 Sep. 19, 2013

_____________________________

____________

_____________________________ _____________________________

____________ ____________

_____________________________

____________

(Thursday) 1:00 5:00 Sep. 21, 2013 (Saturday) 8:00 5:00 Tax Updates _____________________________ ____________

ATTACHMENT 1
SEMINAR ON QUALITY CONTROL FOR SMALL- AND MEDIUM-SIZED PRACTICES CPD Credits Topical Course Content : : 8 units The course content of the seminar in brief will be as follows: Philippine Standard of Quality Control (PSQC 1) Course Code : III-001

General Policy Statement Leadership Responsibilities for Quality Within the Firm Relevant Ethical Requirements Acceptance and Continuance of Client Relationships and Specific Engagements Human Resources Engagement Performance Monitoring Documentation of the Implementation of the Firms Policies and Procedures

Quality Control Manual for: Sole Practitioner with Non-Professional Staff Two-to-Five Partner Firm

Customizing the Sample Manuals xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

ATTACHMENT 2
SEMINAR ON VALUES APPRECIATION TO ENERGIZE LIFE AND WORK CPD Credits Topical Course Content : : 8 units The course content of the seminar in brief will be as follows: Course Code : V-002

Session 1 A : Appreciating Values Session 1 B : Workshop 1 Value Search Exercise (an introspection session to unearth personal values) Session 1 C: Plenary Discussion Session 2A: Filipino Values At Work Session 2B: Workshop 2 Appreciating Filipino Values Session 3A: Corporate/Organizational Values Session 3B: Workshop 3 Putting Life to Organizational Values Session 4A: Aligning Values Personal and Professional Session 4B: Work 4 Assessment of the Three Value Categories xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

ATTACHMENT 3
SEMINAR ON COMPETENCY REQUIREMENTS FOR PROFESSIONAL ACCOUNTANTS CPD Credits Topical Course : : 4 units Session 1 Course Code : V-007

Content

Overview of Required Competencies of Professional Accountants Pre-qualification and Post-qualification Competency Requirements Core Competency Database for Professional Accountants Competency Requirements for Audit Professionals Competency Requirements for Professional Accountants in Business Means of Developing and Sustaining the Required Capabilities and Competencies xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx SEMINAR ON CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS IN PUBLIC PRACTICE AND IN BUSINESS

Session 2

CPD Credits Topical Course Content

: :

4 units Session 1 Introduction /Levelling-off Nature of Ethics Illustrative Prescribed Ethical Principles Why People Act Unethically? Rationalizing Unethical Behavior The Need for Ethics Fundamental Principles Threats to Compliance with the Fundamental Principles Evaluating Threats to Independence Safeguards That May Eliminate or Reduce the Threats to an Acceptable Level

Course Code : III-003

Session 2 General Applicability of the Code of Ethics for Professional Accountants

Ethical Conflict Resolution Conflicts of Interest Fees and Other Types of Remuneration Marketing Professional Services Gifts and Hospitality Custody of Client Assets Objectivity All Services Independence Audit, Review and Other Assurance Engagements Potential Conflicts Preparation and Reporting of Information Acting with Sufficient Expertise Financial Interests Inducement

Session 3 Code of Ethics Rules Applicable to Professional Accountants in Public Practice

Session 4 Code of Ethics Rules Applicable to Professional Accountants in Business

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ATTACHMENT 4
SEMINAR ON QUANTITATIVE TECHNIQUES FOR ACCOUNTING AND FINANCE PROFESSIONALS CPD Credits : 8 units Course Code : V-007

Topical Course Content

Session 1: The Time Value of Money Simple Interest and Compound Interest Concepts Determination of the future value of 1, of a stream of unequal payments and of a stream of equal payments Determination of the present value of 1, of a streams of unequal payments and of a stream of equal payments

Application of the Discounted Cash Flow Analysis in Capital Investment Alternatives Session 2: Techniques and Modules used in Assessing Investment Alternatives under Risk or Uncertainty Probability Value of Information Sensitivity Analysis Simulation

Decision Tree Session 3: Investment Risk and Return Analysis Determination of Investment Return Evaluation of Investment Risk Measures of Investment Risk o Coefficient of variation o o Beta Coefficient Capital Asset Pricing Model ( CAPM)

o Portfolio Return and Risk Session 4: Valuation Models 1. Determination of Bond yield to Maturity 2. Preferred Share Valuation 3. Common Equity Share Valuation xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

ATTACHMENT 5
SEMINAR ON PHILIPPINE FINANCIAL REPORTING STANDARDS (PFRS) UPDATES CPD Credits : 8 units Course Code : II-003

Topical Course Content

Standards and interpretations effective as of 31 December 2011 New pronouncement applicable to annual reporting periods beginning on or after 1 January 2012 o PAS 12 Amendments Deferred Tax: Recovery of Underlying Assets New pronouncement applicable to annual reporting periods beginning on or after 1 July 2012 o PAS 1 Amendments Presentation of items in Other Comprehensive Income New pronouncements applicable to annual reporting periods beginning on or after 1 January 2013 o PAS 19 Employee Benefits o o o o o PAS 27 Separate Financial Statements PAS 28 Investments in Associates and Joint Ventures PFRS 10 Consolidated Financial Statements PFRS 11 Joint Arrangements PFRS 12 Disclosure of Interests in Other Entities

New pronouncements applicable to annual reporting periods beginning on or after 1 January 2013, Contd o Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance o PFRS 13 Fair Value Measurements o o o o IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine PFRS 1 Amendments Government Loans PFRS 7 Amendments Disclosures Offsetting Financial Assets and Financial Liabilities Annual Improvements 2009-2011 Cycle

New pronouncement applicable to annual reporting periods beginning on or after 1 January 2014 o PAS 32 Amendments Offsetting Financial Assets and Financial Liabilities New pronouncement applicable to annual reporting periods beginning on or after 1 January 2015 o PFRS 9 Financial Instruments IASBs ongoing projects (The IASB Work Plan) Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

ATTACHMENT 6
SEMINAR ON SEC UPDATES CPD Credits Topical Course Content : : 5 units 1. Prudential and Reportorial Requirements a. Reports i. Annual Financial Statements 1. Common Findings 2. Significant Issues 3. Accreditation of External Auditors ii. Semestral Reports iii. General Information Sheets iv. Others 2. Common Errors and Deficiencies in Financial Reports Submitted to the SEC 3. SEC Memorandum on Corporate Financial Reporting Issued in 2013 4. Updates on SEC Requirements for Accreditation of Auditors xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Course Code : IV-002

ATTACHMENT 7
SEMINAR ON TAX UPDATES CPD Credits Topical Course Content : : 8 units Session 1 Income Tax o o o o o o o o Personal Exemption Kinds of Income Tax Payers Gross Income Deduction from Gross Income Definition and Illustration Registration and Certificate of Registration Four Classification of Sales Subject to Tax Format Output Tax (from revenues) Less: Input Tax (on purchases) = VAT payable o o o o o o Output Tax Composition and Deductions Input Tax Composition and Deductions VAT Importation VAT Zero-Rated Transaction Exempt from VAT Payment of VAT and Schedules to be Submitted Course Code : II-006

Session 2 Value Added Tax

Session 3 Estate Tax

o o o o o o o o o o o o o o o o o o o o o

Discussion of Transfer Tax Kinds of Taxpayers Situs of Taxation to Conform with the Return(s) Gross Estate Sec. 104; Decedents Interest in Property, etc. Valuation Division of Gross Estate Single or Married Exemption Tax Code and Special Laws Deduction from Gross Estate Payment of Estate Tax Definitions Kinds of Donations Requisites of a Donation Important Points to Consider for Donors Tax Purposes Kinds of Taxpayers under under Donors Taxation Gross Gift Sec. 104 Valuation like that of estate taxation Deduction from Gross Gift Resident Donor (5) - Non Resident Donor (4) Exclusion from Gross Gifts Donee is a stranger Format for Donors Tax purposes Filings and Payments of Donors Tax

Session 4 Donors Tax

Session 5 Miscellaneous Topics o o o o o o o o o o o Fillings of Return and Payment of Taxes Remedies of Taxpayer as well as the Government regarding payments and collection of taxes Invoicing Requirements Books of Acconuts to be used Substituted Filling Revenue Memorandum Circular No. 57-2011 Revenue Regulations 19-2011 Revenue Regulations 18-2011 Revenue Memorandum Circular No. 62-2005 Revenue Memorandum Circular 2-2012 Other Recent Issuances for the Current Periodp

Session 6

Session 7

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ATTACHMENT 8
SEMINAR ON PERSONAL EFFECTIVENESS: A KEY TO A MEANINGFUL AND PRODUCTIVE LIFE CPD Credits Topical Course Content : : 8 units
The course content of the seminar in brief will be as follows: Session 1 : Personal SWOT Personal Assessment: (This can be accomplished prior to the seminar day or upon confirmation of attendance.) Each participants will accomplish the Personal SWOT using the guide questions for each quadrant specified

Course Code : V

Session 2 : Self-Confidence and Self-Limiting Beliefs Presentation-Discussion Nuggets of Wisdom: o o o o Self-confidence and its importance Factors that erode self-confidence Self-help: Improving self-confidence Self-limiting beliefs

Session 3: Positive Thinking, Creative Questioning and Assertiveness Presentation-Discussion Nuggets of Wisdom: o o o Benefits of positive thinking Creative questioning to drive changes Self-Help: Becoming assertive without being aggressive

Session 4 : Goals and Values

Presentation-Discussion Nuggets of Wisdom: o o o o Goals and success Personal values influence goals and success The enemy called AVERAGE Self-Help: Setting goals and nurturing values

Session 5 : Time Management Presentation-Discussion Nuggets of Wisdom: o o o Clarifying time management The tyranny of the urgent Self-Help: Better time management

Session 6 : Emotions and Personal Effectiveness Presentation-Discussion Nuggets of Wisdom: o o o o o How emotions affect life and work Range of emotions Understanding our emotions Managing anxiety Self-Help: Controlling emotions

Session 7 A: Dealing with Interruptions and People Presentation-Discussion Nuggets of Wisdom: o o o Self-Help: Handling work interruptions Self-Help: Handling rude people Interpersonal relationship

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