Learn the new accounting rules

MANILA, Philippines - To help corporations deal with the challenge of aligning their financial reports to the New Accounting and Financial Reporting Rules, the Center for Global Best Practices (www.cgbp.org; tel (02) 5568968/69 or (02) 8427148/59) will be holding the last run of the Continuing Professional Education (CPE)-accredited seminar, “New Accounting Rules for Small and Medium Enterprises (SMEs)” on March 4, from 9 a.m. to 5 p.m. at the Peninsula Manila, Makati City.

This unique program is best-suited for decision-makers, board directors, CFOs and controllers, accountants, business consultants, teachers of accounting, and accounting students. Avail of the early bird and group discounts. Interested participants may contact Katrina Viray or email [email protected].

With the deadline of corporations to submit their 2010 financial report by April 2011, the Securities and Exchange Commission (SEC) for the very first time will be checking and monitoring all the financial statements of SME Corp. (with assets of P3 million to P350 million and liabilities of P3 million up to P250 million) if they have complied with the strict regulatory implementation, we all want to be compliant to avoid costly SEC penalties and time consuming effort of redoing and reworking reports.

Firms among the top 20,000 corporations with investments in associate corporations or partnerships covered by the new rules, would want to know how this will impact on your company’s earnings.

Speakers is lawyer Ma. Gracia Casals-Diaz, CPA, the general accountant of the Securities and Exchange Commission. Awarded by the Philippine Institute of Certified Pubic Accountants (PICPA) as the ‘Young Achiever in Government Service,” Diaz will comprehensively discuss the official interpretation and best practices implementation of the new accounting rules.