Managing Financial Statements: Accounting for Non-Accountants

AmCham Philippines

AmCham came to life in 1902 as the Manila Coffee Round Table and later as Manila Merchants Association. Incorporated in 1920, it has since then recognized and reconfirmed the commitment of American business to the development and welfare of the Philippines and the Filipino people.

This is a commitment of long-standing, as its mission statement declares:

The Chamber exists to serve the interests of U.S. businesses through the participation of members in promoting their long-term objectives while contributing to the civic and economic development of the Philippines.”

Training Overview

This online training program aims to provide the participants with knowledge of accounting concepts and principles, thus enabling them to understand the accounting cycle and to prepare and interpret or analyze the basic financial statements.

COURSE OUTLINE:

DEFINITION; PURPOSE AND IMPORTANCE OF ACCOUNTING; USERS OF FINANCIAL INFORMATION
BUSINESS TRANSACTIONS DEFINED
ACCOUNT; CLASSIFICATION OF ACCOUNTS
Assets
Liabilities
Equity
Revenues
Expenses
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAPs)
THE ACCOUNTING EQUATION
THE THEORY OF DEBIT AND CREDIT
CHART OF ACCOUNTS
THE ACCOUNTING CYCLE
Journalizing / Preparing Accounting Entries
Posting
Preparing the Trial Balance
Adjusting Entries
Depreciation
Amortization
Bad Debts
Prepaid Expenses
Accrued Expenses
Accrued Income
Deferrals

Closing Entries

BASIC FINANCIAL STATEMENTS

Balance Sheet
Income Statement
Service Entity
Trading or Merchandising Entity
Sales, Cost of Sales, Gross Profit
Purchases
Manufacturing Entity
Cost of Sales
Statement of Changes in Equity
Statement of Cash Flows

ANALYSIS OF FINANCIAL STATEMENTS

Objectives of Financial Statement Analysis
Types of Analysis
Steps in Analyzing Financial Statements
Financial Ratios

Members

Use this ticket if your company is a member of AmCham Philippines.

Standard Price: ₱6,000 + 10% | $120
-For online payments through credit card or Paypal, with an additional tariff due to service charge.

Standard Price₱6,000

Standard Price$120

Non-Members

For non-member company of AmCham.

Standard Price: ₱7,000 + 10% | $140
-For online payments through credit card or Paypal, with an additional tariff due to service charge.

Standard Price₱7,000

Standard Price$140

Group of 5 Members

Use this ticket if you are a group of 5 members.

Standard Price: ₱25,000 + 10% | $500
-For online payments through credit card or Paypal, with an additional tariff due to service charge.

Standard Price₱25,000

Standard Price$500

Group of 5 Non-members

Use this ticket if you are a group of 5 non-members.

Standard Price: ₱30,000 + 10% | $600
-For online payments through credit card or Paypal, with an additional tariff due to service charge.

Standard Price₱30,000

Standard Price$600

Trainer

Stephen Banares

Training Consultant/ SVP, Security Bank Corp. (Ret)

Mr. Stephen I. Banares, or SIB for short, started his career in Security Bank Corporation where he rose from the ranks. He was with the Bank for more than 20 years. His last position was Senior Assistant Vice President – Head of Systems Division. Before this, he held positions in the different departments of the bank such as Branch Controllership, Audit, and Branch Banking. He is a product of Security Bank’s Executive Training Program where he attended classroom and on-the-job training and seminars on several aspects of banking, leadership, management, and other soft skills.

He was also one of the Bank’s certified trainers. In 2003, Banares joined Informatics Philippines, master franchisor of Informatics Education LTD based in Singapore. He was the Vice President / Chief Operating Officer at the time of his resignation in December 2013. He later joined the Philippine Bank of Communications as Vice President / Head of Process Management Group from August 2016 to October 2017. He has been conducting training/seminars for banks and other corporate clients. These clients include Bankers Institute of the Philippines (BAIPHIL), EastWest Bank, ING Bank, Philippine Bank of Communications, Bank of Makati, UCPB Savings Bank, LBP Service Corp., Rural Bankers Ass’n. of the Philippines (RBAP), and Suzuki Phils., among others.

Presently, he is the Chairman of the Board of a progressive rural bank in North Luzon. He is also a Consultant at HR Management & Business Solutions, Inc. (HRMBSI) where he conducts seminars for its clients. He was also a part-time College Instructor at Informatics International College Eastwood Campus and Southville International School and Colleges where he handled accounting subjects. He is the co-author of three books: 1) Easy Leadership Tips, 2) Easy Selling Tips, and 3) Accounting, Financial Management and Credit Granting Made Easy. Banares graduated Magna Cum Laude from University of Negros Occidental – Recoletos (UNO-R) in Bacolod City with a degree in Accountancy. He was awarded Distinguished Alumnus for Banking and Education in 2015. He also earned MBA units from University of St. La Salle in Bacolod City where he was a Dean’s Lister. He continued his MBA at Ateneo de Manila University in Makati. He is a Certified Public Accountant (CPA).