WORK EXPERIENCE

1. After passing the Board Exam, did you see yourself working in an entity or managing your
own business? Why?
2. Did you apply for your job? Did the entity hire you?
3. When did you start working in CBPI?
4. What was your first job here in this entity? You started as a
5. What is your current position in the company? What are your tasks now?
6. For you, what is the most challenging part of your job as an accountant here in CBPI?
7. Which is more difficult, studying Accountancy or working in the field?

ENTITY
1. With regards to CBPI, how many years is the entity operating here in Bohol?
2. What are the statements disclosing the financial data of CBPI? Would you please name
them for us?
3. How often do you prepare those statements? Why do you use such interval?
4. Do you have notes regarding your financial data?
5. What are the products of the Coca-Cola Company?
6. Are there other ways that CBPI generate its income aside from the sale of its products? If
so, could you please explain them to us?
7. What method do you use in recording transactions, is it on Accrual or Cash basis? Why?
8. What company is the biggest customer of Coke in Bohol? If its confidential, could you
give us a hint?

ASSETS
1. What are the currents assets of the entity?
CASH and CASH EQUIVALENTS
*Could you give us some important information regarding this matter?
ACCOUNTS RECEIVABLE
*Are there any nontrade receivables of COKE? What are those?
*Does CBPI practice giving discounts on credit sales? If so, could you please site some
discount terms adopted by CBPI?
*Regarding the biggest customer of CBPI in Bohol, is the company more privileged for a
bigger discount?
*What method of recording credit sales is adopted by COKE, the Gross method or the Net
Method? Why?
*What method (e.g. Aging, Percent of A/R, Percent of Sales) do you use in estimating
doubtful accounts? Why?
* Are there any instances that your Accounts Receivable has been impaired? What did you
do about it?

* Do you practice receivable financing? What form of receivable financing are you adopting?
Why?
* Any additional information regarding the Accounts Receivable of CBPI?

INVENTORIES
*At what amount do you measure your inventories, is it at Fair Value or at Cost? Why?
*What system do you use in accounting for inventories? Periodic or Perpetual? Why?
*What method do you use in costing your inventories? Why?
(FIFO, LIFO, WEIGHTED AVERAGE, RELATIVE SALES METHOD, GROSS PROFIT METHOD, etc)
*Any additional information regarding CBPIs Inventories?
DERIVATIVES
*Are you into derivatives? If so, what is the designation of your derivatives, is it under cash
flow hedge or fair value hedge?
*Which among the three are you engaged in? Forward contract, Futures Contract, or Option.
* Any additional information regarding this matter?
FINANCIAL ASSETS AT FAIR VALUE
*Being at Plant level, do you have any investments in other business firms? If so, how do
you recognize it, at fair value thru profit or loss or at fair value thru other comprehensive
income?
FUND AND OTHER INVESTMENTS
*Have you established any fund? For what purpose?
*Do you invest your fund to gain money from it?
2. What are the noncurrent assets of the entity?
INVESTMENT PROPERTY
*What are the investment properties of CBPI?
*What model do you use as subsequent measurement of the property, is it the fair value
model or cost model? Why?
*If its cost model, what depreciation method do you use?
*Any additional information?
PROPERTY, PLANT AND EQUIPMENT
*What are the PPE of CBPI in Bohol?
*On what basis (e. g. cash, on account,etc.) do you usually acquire a property? Why?
*What depreciation method do you use for your PPE? Why do you use such method?
*Do you have a fully depreciated PPE which is still in use? What is your accounting
treatment regarding the asset?
* Any additional information regarding PPE?

OPERATING EXPENSES
*Regarding the expenses incurred by CBPI, do you classify them according to their function
or according to their nature?
*Any additional information regarding Cokes Operating Expenses?