Financial Literacy - Manila May 31

For being the COOP MANAGER or the BOD CHAIRPERSON , or even a PATRONIZING COOP
MEMBER you know that your companys diligent employees work no less than 48 hours a week. They
probably press on longer hours that they may not at all catch the time to become skilled about personal
finance. When it comes to cash, many employees don't seem to realize what they are doing. They
probably go for those appealing housing loans, car loans, personal loans, and all other types of loans,
not to mention cash advances from the company. With so many charges escalating, they may never
accumulate adequate retirement funds. Many workers don't have a rational discernment of how to
save for retirement. And yet, their present financial condition is not as satisfying either. Moreover,
financial worries of the non-retiring personnel as well could torment and disturb their work
performance before long.
NOW is the time for them to be aware about
FINANCIAL LITERACY
and it is YOU
who ought to convey that consciousness to them.
It is YOUR responsibility to raise their understanding of personal finance.

The Cooperative and Resource Management, Inc. hereby invites you to a seminar
on May 31, 2014 Saturday
at Bayview Park Hotel Manila
(1118 Roxas Boulevard cor. UN Avenue Manila),
with Atty. Jonathan P. Capanas, CPA as our resource speaker.

It will be an entire day (9:00a.m. promptly up to 5:00p.m.) of discussion on the following:
Financial Goal Setting What are the factors affecting our financial
decisions?
o Investing Fundamentals
o Budgeting and Saving
o Expense Management
o Credit How does one use it properly?
Need vs. Want Management - Why does an income hardly reach the next
pay day?
Financial Freedom and Prosperity How does one magnetize and
sustain it?
Pay Increase Is it enough?
Tax-free Income How does one maximize his take home pay?
Financial Problem and Work Performance How does one manage to
prevent conflict between the two?
Financial Preparation for Retirement
The seminar fee of Php3,950.00 is inclusive of a Certificate with Official Receipt, morning and
afternoon snacks, and lunch.

AVAIL OF SURE SEATS.
REGISTER NOW!
To find out more about this seminar and/or make your reservation, kindly contact us through:
cellphone #: 0917-3281634, landline: 032-4162952 / 032-4162953, email: crmc.inc@gmail.com

Personal finance is to financial literacy what being able to read one's own handwriting is to literacy.
-Wikipedia-

Who Should Attend:

Board Chair and Directors
Audit Committee Chair & Members
Owners of Corporations
Members of Top Management
Auditors & Accountants
Business Consultants

With SECs mandatory requirement for corporations board of directors to practice good corporate governance comes the
importance of having a functioning audit committee headed by a member of the board.

This program is for board chairmen, directors, and members of management who wish to fully understand what an audit
committee does and does not do. The comprehensive coverage includes the top 10 best practices for audit committees, how
to craft the working program and agenda aligned with the audit committee charter, how it should relate to the board and have
a constructive relationship with management, reading and spotting key issues in audit reports, special investigation and
financial reporting function, risk assessment protocols and tools, and solutions to challenges and problems faced by audit
committees.

Get free templates and practical reference materials that you can use and apply immediately to simplify your work and save
time in crafting an audit committee program. This is for those who are really serious about improving the effectiveness of the
board and audit committees performance.

Lecturer 1: Atty. Rosario S. Bernaldo, CPA, MBA, is the president of the Corporate Governance Institute of the Philippines
(CGIP). She is the founder and managing partner of law and accounting firms Bernaldo, Directo and Po Law Offices and R.S.
Bernaldo and Associates, which comprises more than 120 accountants and lawyers.

Lecturer 2: Lilian S. Linsangan, CPA, CIA, CFE, CCSP, partner-in-charge and head of Specialist Advisory Services
Division of Punongbayan and Araullo. She has over 25 years of experience in the audit of local and multinational companies
in various industries. She headed P&As audit division until 2008. Presently, she is the president of the Association of
Certified Fraud Examiners.

Lecturer 3: Juan Carlos B. Robles, CPA, CIA, CFE, CISA, concurrently holds 3 positions at Punongbayan and Araullo as
chairman of its audit committee, partner of risk management and partner of specialist advisory services division. He has over
20 years of combined experience in public accounting, government auditing, internal audit, forensic audit, risk management
and business consulting. He is a CPA both in the U.S. and the Philippines.
Seminar Investment is P12,980
inclusive of Meals, Resource Kit, &
Certificate of Attendance

CORPORATE GOVERNANCE BEST PRACTICES
BOARD DIRECTORS' GUIDE FOR AUDIT COMMITTEES

EDSA SHANGRI-LA HOTEL, MANDALUYONG CITY, PHILIPPINES
9:00 AM TO 5:00PM, JULY 21 & 22, 2011

COURSE OUTLINE
DAY 1: Thursday, July 21, 2010

Lecturer 1: Atty. Rosario S. Bernaldo, CPA
President, Corporate Governance Institute of the Philippines
Managing Partner, R.S. Bernaldo & Associates
Managing Partner, Bernaldo, Directo and Po Law Office

1. PUTTING AUDIT COMMITTEES IN THE CONTEXT OF GOOD GOVERNANCE
How can audit committees contribute to good governance?
What are the benefits of an effective audit committee?
What is the relevant regulatory guidance? OECD Principle and SEC Memo 6-2009
How is the effectiveness of the audit committee affected by the organizations culture?
How do group boards or subsidiary company boards or boards of small associations obtain assurance?

2. DECIDING WHAT THE AUDIT COMMITTEE DOES AND DOES NOT DO
What must the board do itself?
How can the board achieve an appropriate level of delegation and give real authority to the audit committee?
How does the audit committee relate to the board?
How does the audit committee establish a constructive relationship with management?
How does the audit committee communicate with the auditors?
How can the audit committee best handle in camera meetings?
How can we be clear about what the audit committee does not do?

3. SELECTING THE CHAIR AND COMMITTEE MEMBERS
What makes a good chair of an audit committee?
What is the optimum size for an audit committee?
Who sits on the audit committee?
Who else should attend audit committee meetings?
What skills and experience do audit committee members need?
What competencies and attributes do audit committee members need?
What induction and training do audit committee members need?

4. PLANNING THE AUDIT COMMITTEES WORK PROGRAMME
How often should the audit committee meet, when and for how long?
How can the audit committee manage its work plan and agenda?
How does the audit committee input to the audit plan?
How does internal audit link to the business planning process and priorities?
How can the audit committee keep track of the implementation of recommendations?

Lecturer 2: Lilian S. Linsangan, CPA, CIA, CFE, CCSP
Partner and Division Head, Specialist Advisory Services
Punongbayan & Araullo

1. TOP TEN BEST PRACTICES FOR AUDIT COMMITTEES
Audit Committee Charter
Independent and Candid Communication
Self- Assessment

2. MEETING AUDIT COMMITTEE CHALLENGES
A New Level of Audit Committee Involvement in:
a. Corporate Governance
b. Risk Management
c. Internal Control
d. Reliability of Financial statements / Financial Reporting

3. READING AUDIT REPORTS
What should raise alarm bells in the external audit management letter?
How do you ensure you have spotted all the key issues in an internal audit report?
What should you look for in the chief executives annual report on the effectiveness of internal controls?

4. APPRAISING THE PERFORMANCE OF THE AUDITORS
How do you review the auditors performance?
What are the auditors qualifications?
What is the auditors experience and resources?
How do you judge the auditors effectiveness?
How do you secure the independence of the auditors?

DAY 2: Friday, July 22, 2010

Lecturer 3: J uancho B. Robles, CPA, CIA, CFE, CISA, AQV, MM
Chairman, Audit Committee
Partner, Risk Management
Partner, Specialist Advisory Services
Punongbayan & Araullo

1. RISK MANAGEMENT TOOLS FOR THE AUDIT COMMITTEE

a. The Risk Management Process
i. What is the role and purpose of risk management in your company?
ii. How can your Audit Committee help implement enterprise-wide risk management in your company?

b. Risk Management Activities
i. What are the various risk management activities?
ii. Who are involved in conducting risk management in a company?

c. Key Risk Areas of the Audit Committee:
i. How do you address or manage the following key risk areas related to the functions of your Audit Committee?

Performance of oversight functions
Management Activities
Internal Auditors
External Auditors
Monitoring and evaluation of the companys internal control system
Review of financial statements and related reports
Monitoring compliance with laws and regulations
Trainings
Meetings
Special investigations
Charter and assessment of audit committees performance

2. ASSESSING AND APPRAISING THE AUDIT COMMITTEES EFFECTIVENESS
How can an audit committee assess its performance?
How can such exercises be used to improve effectiveness?
How can individual audit committee members performance be assessed?
How does all of this improve the effectiveness of governance?

3. DEALING WITH EXTRAORDINARY EVENTS
How does the audit committee deal with whistle blowing?
How does the audit committee deal with fraud or impropriety?
When, and how, should the audit committee commission a special investigation?
What role has the audit committee with accounting policies?
How does the audit committee deal with the resignation of auditors?

4. PROCURING AUDIT SERVICES
Why should the audit committee be involved?
How do you decide who to invite?
What should be in the invitation to tender?
How should the selection criteria be set?
What information should be provided to tendering firms?
Who should attend the scoping meeting?
What about the proposal?
How should you run the presentation?

FREE REFERENCE MATERIALS TO BE GIVEN TO REGISTERED PARTICIPANTS
a) Examples of audit committee terms of reference
b) Example of an audit committee annual reporting work plan
c) Slide exemplifying timelines and sequence of reporting for internal controls assurance
d) Example of questions on the internal audit plan
e) Example of report monitoring internal audit reviews
f) Slide exemplifying where internal controls assurance fits into the overall framework
g) Example of report tracking internal audit recommendations
h) Example of an invitation to tender for external audit
i) Example of an external audit independence protocol
j) Example of a brief for a special investigation
k) Example of questions for an audit committees self-assessment of its effectiveness
l) References and further reading
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SEMINAR FEE PER PERSON: P 12,980 (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 June 21, 2011)
Less 5% for early payment (if made on or before July 11, 2011)
Less 5% for group registration (minimum of 3 participants)

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Life begins at forty --- so they say. And it ends without certainty.
Just how equipped are you for the future? How sufficient is your preparation to retire --- in style?
And with lifes unexpected twists and turns, how ready are you to lose your job?
For being such a hardworking COOPERATIVE MANAGER, BOARD DIRECTORS, or
OFFICERS, perhaps you have diligently worked no less than 48 hours a week. Probably, you even press
on longer hours than the rest of your contemporaries, that you may not at all catch the time to become
skilled about personal finance. You look at your colleagues and staff and you realize that when it comes
to cash, many of us don't seem to realize what we are doing. We probably go for those appealing
housing loans, car loans, personal loans, and all other types of loans, not to mention cash advances from
the Cooperative. With so many charges escalating, we may never accumulate adequate retirement
funds. Many workers don't have a rational discernment of how to save for retirement. And yet, their
present financial condition is not as satisfying either. Moreover, financial worries of the non-retiring
personnel as well could torment and disturb their work performance before long.

Dont be left behind. Join the merits of our satisfied clientele who have pondered.
You owe it to yourself to raise your understanding of personal finance.
NOW is the time for You to be more aware about
FINANCIAL LITERACY;
and it is YOU
who ought to convey that consciousness to your staff and colleagues.

on November 11 & 12, 2010
at CAMP ZUBU (Golden Heights , Ylaya Talamban, Cebu City),
with Atty. Jonathan P. Capanas, CPA
(Dean University of San Jose Recoletos School of Law, Corporate and Tax Practitioner,
Realtor, Entrepreneur)
as our resource speaker.
This seminar is
EXCLUSIVELY FOR ELECTRIC COOPERATIVES
AND COMES WITH A REVIEW OF TAX EXEMPTIONS.

It will be a series of sessions on the following:
Financial Goal Setting What are the factors affecting our financial decisions?
Need vs. Want Management - Why does an income hardly reach the next pay day?
Financial Freedom and Prosperity How does one magnetize and sustain it?
Financial Problem and Work Performance How does one manage to prevent conflict
between the two?
Review of Tax Exemptions of Electric Cooperatives
The seminar fee of Php4,900.00 is inclusive of a Seminar Certificate with Official Receipt,
Seminar materials, meals, dorm type accommodation (limited and by reservation only) at CAMP ZUBU
and a day of learning excursion in Cebu.
SIGN UP NOW!

-Wikipedia-
For being the EXECUTIVE DIRECTORS, you know that your diligent employees and beneficiaries
work no less than 48 hours a week. They probably press on longer hours that they may not at all catch
the time to become skilled about personal finance. When it comes to cash, many employees don't seem
to realize what they are doing. They probably go for those appealing housing loans, car loans, personal
loans, and all other types of loans, not to mention cash advances from the institution. With so many
charges escalating, they may never accumulate adequate retirement funds. Many workers don't have a
rational discernment of how to save for retirement. And yet, their present financial condition is not as
satisfying either. Moreover, financial worries of the non-retiring personnel as well could torment and
disturb their work performance before long.
FINANCIAL LITERACY
and it is YOU who ought to convey that consciousness to them.
This seminar will be coupled with another equally valuable session on
Updates on Tax Exemptions for Foundations, NGOs and
other Non-stock, Non-profit Organizations
as well as Jurisprudence on Labor.

on September 29, 30 & October 1, 2010 at Camp Zubu

It will be a 3-day discussion on the following:
between the two?
Updates on Tax Exemption for Foundations, NGOs, and other Non-stock, Non-profit
Organizations as well as Jurisprudence on Labor

The seminar investment of Php 6,500.00 includes snacks and main meals, dorm type accommodation at
Camp Zubu (Golden Heights, Ylaya Talamban, 6000 Cebu City),
Seminar Materials, Two Seminar Certificates with Official Receipt and Cebu City tour.

REGISTER NOW!

-Winkipedia-


For being such a hardworking ADMINISTRATOR, HEAD OF OFFICE, or ACCOUNTANT, perhaps you have diligently worked no
less than 48 hours a week. Probably, you even press on longer hours than the rest of your contemporaries, that you may not at
all catch the time to become skilled about personal finance. You look at your colleagues and staff and you realize that when it
comes to cash, many of us don't seem to realize what we are doing. We probably go for those appealing housing loans, car
loans, personal loans, and all other types of loans, not to mention cash advances from the employer. With so many charges
escalating, we may never accumulate adequate retirement funds. Many workers don't have a rational discernment of how to
save for retirement. And yet, their present financial condition is not as satisfying either. Moreover, financial worries of the non-
retiring personnel as well could torment and disturb their work performance before long.

FINANCIAL LITERACY
and it is YOU

The Cooperative and Resource Management, Inc. hereby invites you to a seminar on
October 5, 6 & 7, 2010
with Atty. Jonathan P. Capanas, CPA
(Dean University of San Jose Recoletos School of Law, Corporate and Tax
Practitioner, Realtor, Entrepreneur,) as our resource speaker.

Financial Problem and Work Performance How does one manage to prevent conflict between the
two?
The seminar fee of Php5,300.00/per participant is inclusive of a Seminar Certificate with Official
Receipt, Seminar materials, meals, dorm type accommodation for 3 days and 2 nights (limited and by
reservation only) at CAMP ZUBU and a day of learning excursion in Cebu.

SIGN UP NOW!

-Wikipedia-

Note: Civil Service Commission (CSC) Circular No. 43 s. 1993 and Department of Budget and Management (DBM) Circular 442
allow government officials and employees to attend privately sponsored seminars/trainings.

For being the EXECUTIVE DIRECTORS, you know that your diligent employees and beneficiaries
work no less than 48 hours a week. They probably press on longer hours that they may not at all catch
the time to become skilled about personal finance. When it comes to cash, many employees don't seem
to realize what they are doing. They probably go for those appealing housing loans, car loans, personal
loans, and all other types of loans, not to mention cash advances from the institution. With so many
charges escalating, they may never accumulate adequate retirement funds. Many workers don't have a
rational discernment of how to save for retirement. And yet, their present financial condition is not as
satisfying either. Moreover, financial worries of the non-retiring personnel as well could torment and
disturb their work performance before long.
FINANCIAL LITERACY
Updates on Tax Exemptions for Foundations, NGOs and
other Non-stock, Non-profit Organizations
as well as Jurisprudence on Labor.

on September 29, 30 & October 1, 2010 at Camp Zubu

between the two?
Updates on Tax Exemption for Foundations, NGOs, and other Non-stock, Non-profit
Organizations as well as Jurisprudence on Labor


REGISTER NOW!

-Winkipedia-


For being such a hardworking ADMINISTRATOR, HEAD OF OFFICE, or ACCOUNTANT, perhaps you have diligently
worked no less than 48 hours a week. Probably, you even press on longer hours than the rest of your
contemporaries, that you may not at all catch the time to become skilled about personal finance. You look at your
colleagues and staff and you realize that when it comes to cash, many of us don't seem to realize what we are
doing. We probably go for those appealing housing loans, car loans, personal loans, and all other types of loans,
not to mention cash advances from the employer. With so many charges escalating, we may never accumulate
adequate retirement funds. Many workers don't have a rational discernment of how to save for retirement. And
yet, their present financial condition is not as satisfying either. Moreover, financial worries of the non-retiring
personnel as well could torment and disturb their work performance before long.

FINANCIAL LITERACY AND MANAGEMENT
and it is YOU

The Cooperative and Resource Management, Inc. hereby invites you to a seminar on
October 12, 13 & 14, 2010
with our principal resource speaker Atty. Jonathan P. Capanas, CPA.
(Dean University of San Jose Recoletos School of Law,
Corporate and Tax Practitioner, Realtor, Entrepreneur,)

between the two?
The seminar fee of Php5,300.00 is inclusive of a Seminar Certificate with Official Receipt,
Seminar materials, meals, dorm type accommodation (limited and by reservation only) at CAMP ZUBU
and a day of learning excursion in Cebu.

Civil Service Commission (CSC) Circular No. 43 s. 1993 and Department of Budget and Management (DBM)
Circular 442 allow government officials and employees to attend privately sponsored seminars/trainings.

SIGN UP NOW!

-Winkipedia-

For being the SCHOOL ADMINISTRATORS, you know that your diligent employees work no less
than 48 hours a week. They probably press on longer hours that they may not at all catch the time to
become skilled about personal finance. When it comes to cash, many employees don't seem to realize
what they are doing. They probably go for those appealing housing loans, car loans, personal loans, and
all other types of loans, not to mention cash advances from the institution. With so many charges
escalating, they may never accumulate adequate retirement funds. Many workers don't have a rational
discernment of how to save for retirement. And yet, their present financial condition is not as satisfying
either. Moreover, financial worries of the non-retiring personnel as well could torment and disturb their
work performance before long.
FINANCIAL LITERACY
and it is YOU who ought to convey that consciousness to them.00
Updates on Tax Exemption for Private Schools
and Jurisprudence on Labor.

on September 15, 16 & 17, 2010 at Camp Zubu

between the two?
Updates on Tax Exemption for Private Schools and Jurisprudence on Labor


REGISTER NOW!

-Wikipedia-

For being the SCHOOL ADMINISTRATORS, you know that your diligent employees work no less
than 48 hours a week. They probably press on longer hours that they may not at all catch the time to
become skilled about personal finance. When it comes to cash, many employees don't seem to realize
what they are doing. They probably go for those appealing housing loans, car loans, personal loans, and
all other types of loans, not to mention cash advances from the institution. With so many charges
escalating, they may never accumulate adequate retirement funds. Many workers don't have a rational
discernment of how to save for retirement. And yet, their present financial condition is not as satisfying
either. Moreover, financial worries of the non-retiring personnel as well could torment and disturb their
work performance before long.
FINANCIAL LITERACY
Updates on Tax Exemption for Private Schools
and Jurisprudence on Labor.

on September 22, 23 & 24, 2010 at Camp Zubu

between the two?
Updates on Tax Exemption for Private Schools and Jurisprudence on Labor


REGISTER NOW!

-Winkipedia-

ATTENTION: THE CHAIRMAN/MANAGER/COMMITTEE CHAIRMAN

Cooperative and Resource Management Center, Inc.
Invites you to
AN IN DEPTH 2-day Seminar/Workshop on

January 28 & 29, 2010 (Thursday & Friday )
CAMP Zubu, Ylaya, Talamban, Cebu City

An effective tool for managers and for the financial advancement of the Coop
Members:

1. What are the different financial statements required under the law rules and regulations
that the coop must prepare and submit to what government agencies?
2. What is the importance of the different financial statements used by cooperatives? Why
do cooperatives have to prepare budgets?
3. Are directors and officers required to know how to prepare financial statements?
4. How to read, analyze and interpret the financial statements?

Registration Fee: 5,000.00 per participant inclusive of 1 night
lodging (dormitory type good for 6 pax), 2 breakfast, 2 lunch, 2 dinner
and 5 snacks, complete seminar materials/seminar kit,
certificate of appearance/attendance with official receipt and
CITY TOUR.

Note: Reserve now and Book your trip tickets early to AVAIL of the DISCOUNTED RATES
of the AIRLINE COMPANIES seminar/workshop is strictly by reservation basis.
For more info, inquiries and reservation of slots: Please
contact us thru 0917-3281634 or email us @
crmc.inc@gmail.com or thru landline (032) 4162952/(032)
4162953
-----------------------------------------------------------------------------------
-----------------
RESERVATION SLIP (Please resend this to 032-4162952 or text
us @ 09173281634)

FINANCIAL
LITERACY
(With The Pertinent Changes in the
Standard Chart of Accounts for All Types
of Cooperatives )

Name:
___________________________________________________
_______
Coop Name:
___________________________________________________
__
Address & Contact Number:
_______________________________________

OPTIMIZING TAX SAVINGS FOR REAL ESTATE TRANSACTIONS
A TAX PLANNING PROGRAM WITH COMPREHENSIVE UPDATES, CASES &
REGULATIONS
1.5 days - starts at 9:00am, Thursday & Friday, July 28 & 29, 2011
Edsa Shangri-La Hotel, Mandaluyong City, Philippines

There are various tax avoidance schemes available under the law that would allow taxpayers, particularly persons engaged in
real estate business, such as real estate dealers, developers and lessors as well as contractors, brokers, and owners of real
property, to reduce their tax liabilities without violating Tax Code provisions.

This comprehensive tax planning program will discuss the legally permissible means of avoiding taxes. Updates, examples,
and specific situations will be discussed thoroughly to guide participants in executing their plans or solving their tax problems
and issues effectively.

COURSE OUTLINE

1. Income Tax & Withholding Tax
a. Different Income Taxes on Real Property Transactions
Regular Corporate Income Tax
Minimum Corporate Income Tax
Capital Gains Tax
Tax On Dividends (See Details on Item 3)
Improperly Accumulated Earnings Tax
Income Tax on Estates & Trusts
b. Global tax system vs. schedular tax system
c. Nature of Assets: Capital
Ordinary assets
- Transfer for Insufficient Consideration
d. Original basis and substituted basis of assets
e. Type of Taxable Persons
Corporation
I. Engaged in real estate business
II. Not Engaged in real estate business
Special Entity (e.g. SPV, Trusts)
Joint Venture Engaged in Construction Activity
Co-Ownership
Husband and Wife
Condominium Corporation
Non-stock, Non-profit Corporation or Association
Cooperatives
Alien
Estate of a Deceased Persons

f. Tax Exemptions and Tax Incentives
Tax Exemption Under the Constitution
Tax Exemption Under the Tax Code
I. General Professional Partnerships
II. Joint Ventures
III. Sale of Principal Residence
IV. Tax-Free Exchanges
i. Types Under the Tax Code
- Merger or Consolidation
- Exchange of Property for Shares of Stocks
ii. Conditions for the Availment of Tax Free Exchanges
iii. Tax Avoidance vs. Tax Evasion
iv. Sale of Real Property vs. Sale of Shares of Stocks
V. Local Government Code
VI. Special Laws
i. BOI
ii. BOT
iii. PEZA
iv. SBMA
v. Other Special Laws (CARP, NHA, BMBE, etc)

g. Real Estate Investment Trust (REIT) Law (RA 9856)
h. Urban Development and Housing Act (RA 7279)
i. Real Estate Service Act
j. Expanded Withholding Taxes: Habitually or Not Habitually Engaged in Real Property Biz
EWT Rates
Gross Selling Price
Installment Sales
Time to Deduct and Withhold Tax

2. Deferment of Recognition of Income
a. Types of Installment Sales
Sale on the Installment Plan
Sale on Deferred Payment Basis, not on the Installment Plan

3. Dividend Declaration Planning
a. Types of Dividends
i. Cash Dividend
ii. Property Dividend
iii. Stock Dividend
iv. Liquidating Dividend
b. When to Declare Dividend or to Dissolve Corporation
c. When to Use Subsidiary or Branch of a Foreign Corporation
d. Ways to Avoid Imposition of Improperly Accumulated Earnings Tax

4. VAT and Other Percentage Taxes
a. Output tax on sales and leases of real property
b. Exempt transactions
i. Sale of capital assets
ii. Sale of socialized housing and low-cost housing
iii. Sale of residential lot and residential house and lot
iv. Lease of residential units
c. Input taxes
i. Transitional input tax on land and improvements
ii. Allocation of input taxes

5. Documentary Stamp Taxes
a. Person Liable to Tax
b. Documents/ Transactions Subject to Tax
c. When Taxable?
d. Taxable Documents
Sale or exchange of real property
Lease of real property
Mortgage of real property
Interest in Real Property
Loan agreements
Promissory Notes
Bonds, Debentures and certificates of Indebtedness
Deed of Trust
Certificate

e. Time to Pay DST
f. Venue for Filing of DST
g. Certificate Authorizing Registration (CAR)

6. Transfer Taxes
a. Donors tax
Donation vs. Inheritance
One or Two Donors
Donation in One Year or Several Years

b. Estate tax: Planning and Tax Avoidance Schemes
Splitting of Income
Deferment of Income or Acceleration of Deductions
Tax Incentive Laws
REIT law
Conversion of Nature of Asset or Income
Donation
Trust

7. Local Business Taxes and Real Property Tax
a. Transfer Tax
b. Local Business Taxes
c. Real Property Tax
i. Basic Real Property Tax
ii. Special Education Fund
iii. Tax on Idle Land
iv. Basic Principles
v. Computation and Basis of Real Property Tax
vi. Remedies

8. COMPREHENSIVE GUIDE ON TYPES OF REAL PROPERTY TRANSACTIONS & TAX IMPLICATIONS

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SEMINAR FEE: P11,980 (Fee covers Meals, Resource Kit, Certificate of Attendance)


Less 5% for early registrants (on registrations made on or before June 28, 2011)
Less 5% for early payment (if made on or before July 18, 2011)

Lecturer:

Atty. Victorino C. Mamalateo, CPA has 40 years of professional experience in tax practice. He spent 30 years with the
BIR as a career service professional, including having been assistant commissioner, and has been an active tax practitioner
for 12 years. He has extensive experience in handling tax assessment and refund cases before the Court of Tax Appeals, and
has published articles and several books on tax matters. He also has a solid background as a lecturer on tax issues among
BIR personnel and in various colleges and universities.

Atty. Mamalateo has a master of laws degree and a certificate in International Tax from Harvard University. He currently has
his own law firm, V.C. Mamalateo & Associates.

BEST PRACTICES IN HANDLING
CUSTOMS TAX AUDITS AND REMEDIES
THE PENINSULA MANILA, MAKATI CITY, PHILIPPINES
9:00 AM TO 5:00 PM, FRIDAY, AUGUST 12, 2011

This program is to empower importers on how to deal fairly and squarely with the Bureau of Customs (BOC). We will teach
you the best practices approaches on how to handle BOC tax audits/ assessments on imported goods. In this one-day
seminar you will also learn everything you need to know about importers rights that matter, understand the BOCs basis of
assessment/ audit, warrants and seizures, how to craft letters to challenge the valuations/ underdeclaration charges imposed
by the BOC on the imported goods as well as how to claim for overpayment.

This solutions-oriented program will extensively cover the administrative, judicial, procedural and substantive remedies to
problems encountered by importers on issues of customs tax and duties with the BOC. We will share with you important
lessons, real stories, updates and cases decided by the Court of Tax Appeals and the Supreme Court. This event is MCLE
accredited by the Supreme Court.

COURSE OUTLINE

I. What Do You Do When You Are Being Assessed and Audited by the BOC?

- Understanding the Process in the Payment of Taxes & Duties
- What Importers Really Need to Know About the Book 1 & 2 of the Customs Tariff Code?
- What is the difference between Smuggling and Technical Smuggling?
- What is the Rule in Underdeclaration?
- What Do You Do When You Overpay Your Taxes?

II. Valuation of Imported Goods In the Bureau of Customs From The Viewpoints of Importers and
Manufacturers

- What Importers Need to Know About Republic Act No. 9135 (RA 9135) and
- Customs Administrative Order No. 4-2004 (CAO No. 4-2004)
- WTO Valuation System & General Agreement on Tariff and Trade (GATT)
- WTO Ruling & How the Bureau of Customs Implements it

There are six (6) methods of valuation listed below to determine the dutiable value of the imported goods which would
be the basis for the computation of customs tax and duties (together with the 12% Value Added Tax).

Method 1 The transaction value
Method 2 The transaction value for identical goods
Method 3 The transaction value of similar goods
Method 4 The dutiable value
Method 5 The computed value
Method 6 The fallback value

III. The Concept of Warrants and Seizures

- When Are Goods Considered Abandoned?

IV. Remedies to Determine Dutiable Value

How to File Formal Protest Pursuant to Section 2308 of the Tariff and Customs Code (TCC)

V. Finality of Liquidation of Import Entries

VI. Record Keeping and Compliance Audit

VII. Compliance Audit & the Powers of the Post Entry Audit Group

What To Do When the Customs Officer examine, audit, inspect, verify and/or investigate:

(A) The document flow;
(B) The financial flow;
(C) The goods inventory; and
(D) Other business processes.

VIII. Failure to pay correct duties and taxes of the imported goods

(A) Negligence;
(B) Gross negligence;
(C) Fraud; and
(D) Criminal prosecution under Section 3611 of the TCC.

IX. Common Problems & Remedies of the Importer

(A) Administrative remedies to contest the assessment of the PEAG;
(i) Judicial remedies.
Recourse can be made to the Court of Tax Appeals questioning the assessment made by the PEAG.

X. Manufacturers

There are times when manufacturers of locally produced goods are threatened by the influx of certain imported goods
which are subject to a low valuation in which they suffer some economic loss due to dumping. The law grants them the
right to file a petition to raise the dutiable value by filing an anti-dumping case (under RA No. 8752 [The Anti-Dumping
Act of 1999] or for a safeguard measures act [RA No. 8800 The Safeguard Measures Act).

Remedies to increase the valuation of imported goods which resulted from the dumping of goods which are injurious to
locally produced goods.

(A) Definition of dumping.
(B) Remedies/procedures to initiate anti-dumping cases.
(C) Evidence needed to sustain the finding of dumping of the imported goods.
(D) The imposition of countervailing duties on these imported items to protect imported goods or the imposition of
provisional and definitive general safeguard measures on imported goods.
(E) Latest Supreme Court, Court of Tax Appeals and the Department of Trade and Industry on the imposition of
dumping duties and safeguard measures of rulings on actions with respect to the BOC.

XI. Latest Supreme Court and Court of Tax Appeals Rulings
-------------------------------------------------------------------------------------------------------------------------------------------------------------
------------------------------
SEMINAR FEE PER PERSON: P 8,250 (Fee covers Meals, Resource Kit, Certificate of Attendance)


Less 5% for early registrants (on registrations made on or before July 12, 2011)
Less 5% for early payment (if made on or before August 2, 2011)

BEST PRACTICES IN NEW CONSUMER PRODUCT
DEVELOPMENT & NEW PRODUCT MARKETING
DRIVING BUSINESS GROWTH THROUGH SUCCESSFUL NEW PRODUCTS
THE PENINSULA MANILA, MAKATI CITY, PHILIPPINES
FRIDAY, 9:00 AM TO 5:00PM, SEPTEMBER 2, 2011

COURSE OUTLINE

Successful new products are the lifeblood of every fast moving consumer goods company as old products die off and
current ones stagnate. But how should a company decide which new product ideas will take off and how best to
identify the one winner among the candidates, the winner which will then be given much advertising and promotion
resources? Choosing the winner among the dogs is crucial as mistakes are costly.

Attend this 1-day seminar and learn best practices in the New Product Development Process, including the Stage Gate
Process, Market Research Options specific to new products, 10 Drivers of New Product Success. Understand the role
of product development, be able to think conceptually about new product portfolios, see the role of good market
research and understand the value of being first to market. See real life business examples and 10 principles to
successful new products marketing.
COURSE OUTLINE

I. Objectives Setting for Product Development Process

II. Hierarchical Guide for Product Development

III. Companies Need to Address Strategic Planning on Several Levels

IV. The Reality of Most Product Development Processes

V. The Need for On-going New Product Development
A. Life Cycles
B. Competition
C. Consumer/Customer Needs
D. New Technology
E. Government Regulation

VI. Phases in Consumer Product Development

VII. The New Product Development Challenge
A. Creating the right set of development projects
1. Different types of projects
2. Product line architecture and Aggregate Project Planning (APP)
B. Executing these projects on target, on time and on budget
1. Different types of team structure
2. Different types of development process
C. Learning across projects
1. The role of measurement and incentive systems
2. Projects as a school for leaders

VIII. What is a New Product Development Process?
A. Stage Gate Process
B. How It Works?
C. The Components of a New Development Process
1. Stages
2. Gates
3. Gatekeepers

IX. New Product Development Process: Stage 0 to 6

X. Factors Common to Successful New Products

XI. Classic Symptoms of Poor Market Research

XII. New Products Pipeline: Balance, Issues, and Lessons Why Some Fail

XIII. 10 Drivers of New Product Success

XIV. Valuable Lessons on Speed to Market

XV. Product Attractiveness Scorecard

XVI. Key Questions to Answer All The Way Through

XVII. Sequence of Product Testing

XVIII. Key Decisions Throughout the Process

XIX. New Products Marketing: Proven Principles and Actual Cases
------------------------------------------------------------------------------------------------------------------------------------------------------------
-------------------------------
SEMINAR FEE PER PERSON: P7,980 (Fee covers Meals, Resource Kit, Certificate of Attendance)


Less 5% for early registrants (on registrations made on or before August 2, 2011)
Less 5% for early payment (if made on or before August 22, 2011)

Financial Literacy - Manila May 31

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