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June 27, 2013

Dear Colleagues:

Warm Greetings!

We are pleased to invite you to the following seminars scheduled for July, August and September, 2013 to be held at the TIARA ORIENTAL HOTEL, 7248 Malugay St. San Antonio Village, Makati City ( near the Makati Post Office rear side ).

This Special Series will enable the CPA Practitioners who have either partially earned CPD Units or have not earned any CPD Units yet to complete the CPD Requirements for BOA Accreditation purposes (initial or renewal) by September 30, 2013.

In-house seminars and training programs are also available for accounting firms with professional staff of 20 or more. For your specific requirements and information, please email the undersigned.

Date Time Title Thematic Area

CPD Credit Units

Resource Persons Seminar Fee

July 12

Friday

8:00 – 5:00 Quality Control for Small- and Medium-Sized Practices

III 8 Dean Ma. Elenita B. CabreraFormer Vice-Chair, Board of Accountancy

P2,000

July 13

Saturday

8:00 – 5:00 Values Appreciation to Energize Life and Work

V 8 Mr. Marianito D. Lucero Independent Business Consultant/AdvisorFormer Principal, KPMG Manabat

Sanagustin and Co.

2,000

August 02

Friday

12:00 – 6:00

PRC and BOA Updates: Accountancy Law, IRR and Resolutions Relevant to the Practice of Accountancy

I 6 Dean Ma. Elenita B. Cabrera P1,800

August 03

Saturday

8:00 – 5:00 Personal Effectiveness: A Key to A Meaningful and Productive Life

V 8 Mr. Marianito D. Lucero 2,000

CLA Consultancy and Training Center Inc. Comparative Learning Advantage

Email: claconsultancy.training@gmail.com | Telefax: (02) 807-3824

Date Time Title Thematic Area

CPD Credit Units

Resource Persons Seminar Fee

August 16

Friday

8:00 – 12:00

1:00 – 5:00

Competency Requirements for Professional Accountants

Code of Ethics for Professional Accountants in Public Practice and in Business

V

III

4

4

Dean Ma. Elenita B. Cabrera 2,000

August 17

Saturday

8:00 – 5:00 Quantitative Techniques for Accounting and Finance Professionals

IV 8 Dean Ma. Elenita B. Cabrera 2,000

August 31

Saturday

8:00 – 5:00 Application of Philippine Standards on Auditing (PSAs) in the Risk-Based Audits of Small- and Medium-Sized Entities (SMEs)

II 8 Dean Ma. Elenita B. Cabrera 2,000

September 18

Wednesday

8:00 – 5:00 Philippine Financial Reporting Standards (PFRS) Updates

II 8 Reynaldo R. OcampoReview Director and Reviewer, Excel

Professional Services, Inc. – PRTCFaculty Member, Far Eastern UniversityFormer BSP ExaminerFormer SGV Audit Associate

2,000

September 19

Thursday

1:00 – 5:00 SEC Updates IV 4 Dean Ma. Elenita B. Cabrera 1,500

September 21

Saturday

8:00 – 5:00 Tax Updates II 8 Dante Y. CeñidoPrincipal Partner, Ceñido, Ceñido & Co.,

CPAsReviewer in Taxation and Financial Officer,

National Review CenterFormer Professor, UE, UST, PSBA, MLQUFormer SGV Audit Staff

2,000

Summary of CPD

Thematic Areas

Seminar Title

CPD Credits

Code Minimum CPD Credits Required

I – Enabling Laws, Rules and Regulations

6 PRC and BOA Updates (August 02: 12:00 – 6:00 pm) 6

II – Standards Applicable to Professional Practice

24 Application of PSAs in the Risk-Based Audit of SMEs (August 31: 8:00 – 5:00 pm)

PFRS Updates (September 18: 8:00 – 5:00 pm) Tax Updates (September 21: 8:00 – 5:00 pm)

8

88

III – Ethical Governance and Quality Principles

10 Code of Ethics for Professional Accountants (August 16: 1:00 – 5:00 pm)

Quality Control for Small-and Medium-Sized Practices(July 12: 8:00 – 5:00 pm)

4

8

IV – Environment of the Practice

10 Quantitative Techniques for Accounting and Finance Professionals (August 17: 8:00 – 5:00 pm)

SEC Updates (September 19: 1:00 – 5:00 pm)

8

4

V – Development of a Person as a Professional

10 Competency Requirements for Professional Accountants (August 16: 8:00 – 12:00 pm)

Values Appreciation to Energize Life and Work (July 13: 8:00 – 5:00 pm)

Personal Effectiveness: A Key to A Meaningful and Productive Life

(August 03: 8:00 – 5:00 pm)

48

8

Total 60

Seminar Fee covers the cost of seminar proper, VAT, materials, meals and certificate of attendance.

We shall appreciate it very much if you can share this information with your friends and other practitioners who may need CPD Credits. Thank you and you may use the attached form to make your reservation.

Very truly yours,

Ma. Elenita B. CabreraPresident, CLA Consultancy and Training Center Inc. Former Vice Chair, Professional Regulatory Board of AccountancyFormer Dean, Lyceum University of the Philippines

PRC Accreditation No: 2012-082

RESERVATION FORM

Please fill-up this form for your reservation and send it to claconsultancy.training@gmail.com or fax to (02) 807-38-24. A limited number of participants will be reserved and confirmed on a first-come, first-served basis. You may also confirm your registration by depositing the seminar fee to our bank account: (BPI 1761-0078-46 – Alabang Madrigal Branch) and send us a scanned deposit slip with your name on it.

Attendees who are not pre-registered are enjoined to come 30 minutes before the scheduled time. Please make check payable to: CLA Consultancy and Training Center Inc.

Reservation Made By:

Name in Print: __________________________________________________ Position: __________________

Name of Company / Address: __________________________________________________________________

Contact No.: (Tel. No.) ___________________ Mobile No. _____________________

Date / Time of Seminar Title of Seminar Name of Participant (s)(use additional sheets if necessary)

CPA Certificate No.

Jul. 12, 2013 (Friday)8:00 – 5:00

Quality Control for Small- and Medium-Sized Practices _____________________________ ____________

Jul. 13, 2013 (Saturday)8:00 – 5:00

Values Appreciation to Energize Life and Work _____________________________ ____________

Aug. 02, 2013 (Friday) 12:00 – 6:00

PRC and BOA Updates: Accountancy Law, IRR and Resolutions Relevant to the Practice of Accountancy _____________________________ ____________

Aug. 03, 2013 (Saturday) 8:00 – 5:00

Personal Effectiveness: A Key to A Meaningful and Productive Life _____________________________ ____________

Aug. 16, 2013 (Friday)8:00 – 12:00

1:00 – 5:00

Competency Requirements for Professional Accountants

Code of Ethics for Professional Accountants in Public Practice and in Business

_____________________________

_____________________________

____________

____________

Aug. 17, 2013 (Saturday)8:00 – 5:00

Quantitative Techniques for Accounting and Finance Professionals _____________________________ ____________

Aug. 31, 2013 (Saturday)8:00 – 5:00

Application of Philippine Standards on Auditing (PSAs) in the Risk-Based Audits of Small- and Medium-Sized Entities (SMEs)

_____________________________ ____________

Sep. 18, 2013 (Wednesday) 8:00 – 5:00

Philippine Financial Reporting Standards (PFRS) Updates _____________________________ ____________

Sep. 19, 2013 (Thursday)1:00 – 5:00

SEC Updates _____________________________ ____________

Sep. 21, 2013 (Saturday)8:00 – 5:00

Tax Updates _____________________________ ____________

ATTACHMENT 1

SEMINAR ON QUALITY CONTROL FOR SMALL- AND MEDIUM-SIZED PRACTICES

CPD Credits : 8 units Course Code : III-001

Topical Course Content

: The course content of the seminar in brief will be as follows:

Philippine Standard of Quality Control (PSQC 1)

General Policy Statement

Leadership Responsibilities for Quality Within the Firm

Relevant Ethical Requirements

Acceptance and Continuance of Client Relationships and Specific Engagements

Human Resources

Engagement Performance

Monitoring

Documentation of the Implementation of the Firm’s Policies and Procedures

Quality Control Manual for:

Sole Practitioner with Non-Professional Staff

Two-to-Five Partner Firm

Customizing the Sample Manuals

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ATTACHMENT 2

SEMINAR ON VALUES APPRECIATION TO ENERGIZE LIFE AND WORK

CPD Credits : 8 units Course Code : V-002

Topical Course Content

: The course content of the seminar in brief will be as follows:

Session 1 A : Appreciating Values

Session 1 B : Workshop 1 – Value Search Exercise (an introspection session to unearth personal values)

Session 1 C: Plenary Discussion

Session 2A: Filipino Values At Work

Session 2B: Workshop 2 – Appreciating Filipino Values

Session 3A: Corporate/Organizational Values

Session 3B: Workshop 3 – Putting Life to Organizational Values

Session 4A: Aligning Values – Personal and Professional

Session 4B: Work 4 – Assessment of the Three Value Categories

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ATTACHMENT 3

SEMINAR ON COMPETENCY REQUIREMENTS FOR PROFESSIONAL ACCOUNTANTS

CPD Credits : 4 units Course Code : V-007

Topical Course Content

: Session 1

Overview of Required Competencies of Professional Accountants

Pre-qualification and Post-qualification Competency Requirements

Core Competency Database for Professional Accountants

Session 2

Competency Requirements for Audit Professionals

Competency Requirements for Professional Accountants in Business

Means of Developing and Sustaining the Required Capabilities and Competencies

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SEMINAR ON CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS IN PUBLIC PRACTICE AND IN BUSINESS

CPD Credits : 4 units Course Code : III-003

Topical Course Content

: Session 1 – Introduction /Levelling-off

Nature of Ethics

Illustrative Prescribed Ethical Principles

Why People Act Unethically?

Rationalizing Unethical Behavior

The Need for Ethics

Session 2 – General Applicability of the Code of Ethics for Professional Accountants

Fundamental Principles

Threats to Compliance with the Fundamental Principles

Evaluating Threats to Independence

Safeguards That May Eliminate or Reduce the Threats to an Acceptable Level

Ethical Conflict Resolution

Session 3 – Code of Ethics Rules Applicable to Professional Accountants in Public Practice

Conflicts of Interest

Fees and Other Types of Remuneration

Marketing Professional Services

Gifts and Hospitality

Custody of Client Assets

Objectivity – All Services

Independence – Audit, Review and Other Assurance Engagements

Session 4 – Code of Ethics Rules Applicable to Professional Accountants in Business

Potential Conflicts

Preparation and Reporting of Information

Acting with Sufficient Expertise

Financial Interests

Inducement

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ATTACHMENT 4

SEMINAR ON QUANTITATIVE TECHNIQUES FOR ACCOUNTING AND FINANCE PROFESSIONALS

CPD Credits : 8 units Course Code : V-007

Topical Course Content

: Session 1: The Time Value of Money

Simple Interest and Compound Interest Concepts

Determination of the future value of 1, of a stream of unequal payments and of a stream of equal payments

Determination of the present value of 1, of a streams of unequal payments and of a stream of equal payments

Application of the Discounted Cash Flow Analysis in Capital Investment Alternatives

Session 2: Techniques and Modules used in Assessing Investment Alternatives under Risk or Uncertainty

Probability

Value of Information

Sensitivity Analysis

Simulation

Decision Tree

Session 3: Investment Risk and Return Analysis

Determination of Investment Return

Evaluation of Investment Risk

Measures of Investment Risk

o Coefficient of variation

o Beta Coefficient

o Capital Asset Pricing Model ( CAPM)

o Portfolio Return and Risk

Session 4: Valuation Models

1. Determination of Bond yield to Maturity

2. Preferred Share Valuation

3. Common Equity Share Valuation

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ATTACHMENT 5

SEMINAR ON PHILIPPINE FINANCIAL REPORTING STANDARDS (PFRS) UPDATES

CPD Credits : 8 units Course Code : II-003

Topical Course Content

: Standards and interpretations effective as of 31 December 2011

New pronouncement applicable to annual reporting periods beginning on or after 1 January 2012

o PAS 12 Amendments – Deferred Tax: Recovery of Underlying Assets

New pronouncement applicable to annual reporting periods beginning on or after 1 July 2012

o PAS 1 Amendments – Presentation of items in Other Comprehensive Income

New pronouncements applicable to annual reporting periods beginning on or after 1 January 2013

o PAS 19 – Employee Benefits

o PAS 27 – Separate Financial Statements

o PAS 28 – Investments in Associates and Joint Ventures

o PFRS 10 – Consolidated Financial Statements

o PFRS 11 – Joint Arrangements

o PFRS 12 – Disclosure of Interests in Other Entities

New pronouncements applicable to annual reporting periods beginning on or after 1 January 2013, Cont’d

o Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance

o PFRS 13 – Fair Value Measurements

o IFRIC 20 – Stripping Costs in the Production Phase of a Surface Mine

o PFRS 1 Amendments – Government Loans

o PFRS 7 Amendments – Disclosures — Offsetting Financial Assets and Financial Liabilities

o Annual Improvements 2009-2011 Cycle

New pronouncement applicable to annual reporting periods beginning on or after 1 January 2014

o PAS 32 Amendments – Offsetting Financial Assets and Financial Liabilities

New pronouncement applicable to annual reporting periods beginning on or after 1 January 2015

o PFRS 9 – Financial Instruments

IASB’s ongoing projects (The IASB Work Plan)

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ATTACHMENT 6

SEMINAR ON SEC UPDATES

CPD Credits : 5 units Course Code : IV-002Topical Course Content

: 1. Prudential and Reportorial Requirements a. Reports

i. Annual Financial Statements 1. Common Findings 2. Significant Issues 3. Accreditation of External Auditors

ii. Semestral Reports iii. General Information Sheets iv. Others

2. Common Errors and Deficiencies in Financial Reports Submitted to the SEC 3. SEC Memorandum on Corporate Financial Reporting Issued in 20134. Updates on SEC Requirements for Accreditation of Auditors

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ATTACHMENT 7

SEMINAR ON TAX UPDATES

CPD Credits : 8 units Course Code : II-006

Topical Course Content

: Session 1 Income Taxo Personal Exemptiono Kinds of Income Tax Payerso Gross Incomeo Deduction from Gross Income

Session 2 Value Added Taxo Definition and Illustrationo Registration and Certificate of Registrationo Four Classification of Sales Subject to Taxo Format Output Tax – (from revenues) Less: Input Tax (on purchases) = VAT payableo Output Tax Composition and Deductionso Input Tax Composition and Deductionso VAT – Importationo VAT – Zero-Ratedo Transaction Exempt from VATo Payment of VAT and Schedules to be Submitted

Session 3 Estate Taxo Discussion of Transfer Taxo Kinds of Taxpayerso Situs of Taxation to Conform with the Return(s)o Gross Estate – Sec. 104; Decedent’s Interest in Property, etc.o Valuationo Division of Gross Estate – Single or Marriedo Exemption – Tax Code and Special Lawso Deduction from Gross Estateo Payment of Estate Tax

Session 4 Donors Taxo Definitionso Kinds of Donations

o Requisites of a Donationo Important Points to Consider for Donor’s Tax Purposeso Kinds of Taxpayers under under Donors Taxationo Gross Gift – Sec. 104o Valuation – like that of estate taxationo Deduction from Gross Gift – Resident Donor (5) - Non Resident Donor (4)o Exclusion from Gross Giftso Donee is a strangero Format for Donors Tax purposeso Filings and Payments of Donors Tax

Session 5 Miscellaneous Topicso Fillings of Return and Payment of Taxeso Remedies of Taxpayer as well as the Government regarding payments and collection of taxeso Invoicing Requirementso Books of Acconuts to be usedo Substituted Filling

Session 6o Revenue Memorandum Circular No. 57-2011o Revenue Regulations 19-2011o Revenue Regulations 18-2011

Session 7

o Revenue Memorandum Circular No. 62-2005

o Revenue Memorandum Circular 2-2012

o Other Recent Issuances for the Current Periodp

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ATTACHMENT 8

SEMINAR ON PERSONAL EFFECTIVENESS: A KEY TO A MEANINGFUL AND PRODUCTIVE LIFE

CPD Credits : 8 units Course Code : V

Topical Course Content

: The course content of the seminar in brief will be as follows:

Session 1 : Personal SWOT

Personal Assessment: (This can be accomplished prior to the seminar day or upon confirmation of attendance.)

Each participants will accomplish the Personal SWOT using the guide questions for each quadrant specified

Session 2 : Self-Confidence and Self-Limiting Beliefs

Presentation-Discussion – Nuggets of Wisdom:

o Self-confidence and its importance

o Factors that erode self-confidence

o Self-help: Improving self-confidence

o Self-limiting beliefs

Session 3: Positive Thinking, Creative Questioning and Assertiveness

Presentation-Discussion – Nuggets of Wisdom:

o Benefits of positive thinking

o Creative questioning to drive changes

o Self-Help: Becoming assertive without being aggressive

Session 4 : Goals and Values

Presentation-Discussion – Nuggets of Wisdom:

o Goals and success

o Personal values influence goals and success

o The enemy called AVERAGE

o Self-Help: Setting goals and nurturing values

Session 5 : Time Management

Presentation-Discussion – Nuggets of Wisdom:

o Clarifying time management

o The tyranny of the urgent

o Self-Help: Better time management

Session 6 : Emotions and Personal Effectiveness

Presentation-Discussion – Nuggets of Wisdom:

o How emotions affect life and work

o Range of emotions

o Understanding our emotions

o Managing anxiety

o Self-Help: Controlling emotions

Session 7 A: Dealing with Interruptions and People

Presentation-Discussion – Nuggets of Wisdom:

o Self-Help: Handling work interruptions

o Self-Help: Handling rude people

o Interpersonal relationship

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