Accounting

& Property
PPE WORKSHOP
October 25-28, 2016

Roadhaus Hotel, Brgy. Heights, General Santos City

PARTICIPANTS

REGIONAL OFFICE
SALES, TIRSO M.
Division Manager A, AFD
BARCELONA, ANGELITA B.
Chief Corporate Accountant
B
ARANDILLA, EVANGELINE C.
Sr. Accounting Processor A
FLAUTA, LOVELLA CHARMAINE T.
Administrative Office
IV (Acctg.)
VALSOTE, RODELOR A. Sr. Accounting Processor
DAPEQUILLA, NIZA R. Data Encoder
MANA-AY, INDALECIA L. Sr. Supply Officer B
TAYONG, DANILO, JR. D.
Clerk Processor
COTABATO IMO
AVANCE, LILIBETH D.
Sr. Accounting Processor A
DAHAN, GINA C.
Accounting Processor B
JUELAR, MALAIDA S.
Sr. Accounting Processor B
GARBIN, ANNIE ROSE R.
Sr. Accounting Processor A
MERKA, GLESUBER B. Property Officer B
JAYAG, GERALD
Procurement Assistant B
SALVATIERRA, FLORA D. Sr. Accounting Processor A
CINCO, JERALDINE
Sr. Accounting Processor A
SOUTH COTABATO IMO
RIVAC, BRENDA B.
Sr. Accounting Processor A
INFANTADO, EMMANUEL S.
Sr. Accounting Processor A
AMOLORIA, OFELIA B. Property Officer B
ZAMORA, JOSEFA
Accounting Processor
PALOMARIA, MAY ANN FLOR
Procurement Assistant B
SULTAN KUDARAT IMO
MALICAD, VIRGIN G.
Sr. Accounting Processor A
BULAONG, NORWINDA C.
Sr. Accounting Processor A
SALARDA, NOEMI
Sr. Accounting Processor A
CABIGAS, EDUARDO C. Property Officer B
PAMPLONA, REALIZA T. Clerk Processor A
ANDAMEN, BAILYN
Clerk Processor (Property)
SAR/SILBRISRO SUB-OFFICE
VALENZUELA, VRENELLI A.
IDO A/ SDO
CARANDANG, SHERYL Sr. Accounting Processor A
EMMANUEL, MARK LLOYD
Clerk
CATEDRAL, ELTON CYRIL D.
Clerk
MAGUINDANAO IMO
MALICAD, RUSSEL
Sr. Accounting Processor A
YAP, CORAIZA M.
Accounting Processor
BITOL, ALIMUDIN S.
Property Officer B

Republika ng Pilipinas

National Irrigation Administrat

(Pambansang Pangasiwaan ng Patubig)
Regional Office No. XII SOCCSARGEN

Accounting & Proper

PPE Workshop
October 25-28, 2016
Roadhaus
Hotel
Brgy Heights,
General Santos City

This Serves as an Invitation

PPRROOGGRRAAMMMMEE
Accounting and Property

Accounting
and Property PPE
September 22-25, 2014
PPE
Workshop
25-28,
2016South Cotabato
Mountain Lake Eco October
Resort, Lake
Sebu,
Workshop
Roadhaus Hotel ,Brgy. Heights, General Santos City

DAY 1 September 22, 2014

DAY 2 September 23, 2014
9:00-11:25 .
Registration/Billeting
6:00-7:30 .....
DAY 1 October 25, 2016
DAY 2 October 26, 2016
11:30-12:30.....
Breakfast
10:00-11:30 .
Lunch
6:00-7:30 .....Workshop
Breakfast
8:00-5:00.......
Registration/Billeting
1:00-2:00 ... Opening
8:00-8:15
Energizers............................Cotabato
IMO
Proper
11:30-12:30...... Lunch
Program
8:20--5:00.........
Workshop Proper
6:00
.....
1:00-2:00 ....... Opening Program
Prayer.........
6:00 .....
Dinner Dinner
Brenda B. Rivac
Prayer........ Vrenellie
SAP A, South
A. Valenzuela
Cotabato IMO
Special Disb. Officer, Sar/Silbris
DAY 3 October 27, 2016 DAY 3 September 24, 2014
National Anthem ....
6:00-7:30
.....
Breakfast
6:00-7:30
....
Lilibeth D. Avance
National Anthem ..
8:00-8:15 Energizers..................South Cotabato
IMO
Breakfast
SAP A, Cotabato
Lilibeth D. Avance
8:16-3:00Workshop
Proper
8:00-3:30......
Workshop
IMO
SAP A, Cotabato IMO
3:15-5:15 ... Presentation of Outputs
Introduction of Participants ..
Proper
Belen B. Eugenio
Cotabato IMO & South Submission
Cotabato
of Output
Introduction of Participants .. Lovella
Admin. Officer IV
6:00
....
Dinner
3:30-5:00
..
Open
Forum
/Issues
and
Charmaine T. Flauta
(Acctg), CARP
Concerns
Admin. Officer IV (Acctg), CARP
Welcome Remarks and
7:00-9:30
. Socialization
6:00 ....
Rationale of the Workshop..........
Sarangani/Silbris & SK IMO
Dinner
Welcome Remarks and
Tirso M. Sales, Jr.
Rationale of the Workshop........
7:30-9:30
Division Manager A,
Tirso M. Sales, Jr.
DAY
4
October 28, 2016
Socialization
AFD
Division Manager A, AFD
6:00-7:30
.....
Breakfast
Message .
8:00-8:15 Energizers.....................Maguindanao IMO
. Ali S. Satol
Message .
8:20-11:20(1 HR. EACH).. Presentation
Outputs
Septemberof25,
2014
Acting Regional
. Ali S. Satol
Sultan
Kudarat
IMO,
Maguindanao
IMO,
Sar/Silbris
Manager
6:00-7:30 .....
Regional Manager
Reminders ........
11:30 -12:00 ....
Lunch
Breakfast
Rodelor A. Valsote
.....Home Sweet Home......
House Rules ........
SAP A, F 102
.....Home Sweet Home......
Rodelor A. Valsote
PIDP
SAP A, F 102 PIDP
2:00-5:30 ... Workshop
Proper
2:00-5:30 ..... Workshop Proper

Day 1

PROPERT
Y, PLANT
&
EQUIPME
NT

DEFINITIONS

Property, Plant and

Equipment Tangible items
Held for use in the
production, supply of goods
and services, for rental to
others, or for administrative
purposes; and
Expected to be used during

DEFINITIONS

Carrying amount amount

recognized less accumulated
depreciation and accumulated
impairment losses
Class of PPE grouping by
nature or function
Depreciable amount- cost less
residual value

DEFINITIONS

Depreciation systematic
allocation of depreciable amount
over its useful life
Residual value estimated
amount at the end of its useful
life less estimated costs of
disposal
Recoverable service amountis the higher of a non-cash

DEFINITIONS

Useful life
Period over which an asset is
expected to be available for use
by an entity; or
Number of production or
similar units expected to be
obtained from the asset by an
entity

RECOGNITION CRITERIA

Useful life
Probable future economic
benefits or service potential
associated with the item will
flow to the entity; and
Cost or fair value can be
measured reliably

ADDITIONAL RECOGNITION CRITERIA FOR

INFRASTRUCTURE PROJECTS

Part of a system or network

Specialized in nature and do
not have alternative use
Immovable; and
May be subject to constraints
on disposal

MEASUREMENT AT RECOGNITION

Cost
If acquired thru non-exchange
transaction, its cost is its fair
value at the date of acquisition

Purchase price
Directly attributable
cost*
Initial estimate of
dismantling and
removing the item and
restoring the site

*DIRECTLY ATTRIBUTABLE COSTS:

Employee Benefits
Site Preparation
Delivery & handling cost
Installation & assembly cost
Testing costs
Professional fees

ELEMENTS OF COST

MEASUREMENT OF COST

Cash price equivalent

If payment is deferred beyond
normal credit terms, the
difference between the cash
price equivalent and the total
payment is recognized as
interest over the period of
credit, unless such interest
capitalized as allowed in

PURCHASE OF PPE
Office Equipment was purchased with the following cost:
Invoice price P45,000.00
Delivery cost
3,000.00
Installation cost
1,500.00
Test run cost
1,000.00
Total 50,500.00
Less: Withholding tax
2,651.79
Net Amount paid
P47,848.21

ACCOUNTING ENTRY
Account
Account Tile
Code
Debit Credit
Office Equipment
1-06-05-020 50,500
Cash, MDS Regular 1-01-04-040
47,848.21
Due to BIR
2-02-01-010
2,651.79
To record cash purchase of office equipment.

PURCHASE AT LUMPSUM PRICE

Computer set was purchased with the breakdown:
Computer (CPU, Monitor, Keyboard, Mouse P55,000.00
Printer
3,500.00
Computer table
2,500.00
Computer chair
1,000.00
Total cost
55,000.00
Less: Withholding tax
2,946.45
Net Amount paid
P52,053.57

ACCOUNTING ENTRY
Account
Account Tile
Code
Debit Credit
Information & Communication
Technology
1-06-05-030 51,500
Furniture & Fixtures 1-06-07-010
3,500
Cash, MDS Regular 1-01-04-040 52,053.57
Due to BIR
2-02-01-010
2,946.53
To record cash purchase of PPE.

SUBSEQUENT COSTS
Repairs and Maintenance
- day to day servicing is treated as expense
Replacement of parts
If recognition criteria is met:
- recognize as PPE the cost of replacement
- derecognize the cost of parts replaced

DEPRECIATION

Method Straight Line

Significant part depreciation
separately
Initial recognition of
depreciation when available
for use

DEPRECIATION

Estimated
- Schedule of estimated useful
life prepared by COA
Residual Value five (5%) of the
cost

WORKSHOP GUIDE

FUND 501 COB