Learn how to understand coop’s language of business

MANILA, Philippines — Cooperatives have their own language of business when it comes to preparation and interpretation of their financial statements. If you want to do business with over 27,000 listed cooperatives in the Philippines, it is a must to master their unique accounting terminologies. The Center for Global Best Practices will host a CPD-accredited program entitled, Understanding Cooperative Financial Statements on Sept. 6 and 7 at the Manila Marriott Hotel, Pasay City.

The two-day program will provide participants a comprehensive understanding of the cooperatives’ financial statements under the Philippine Financial Reporting Framework (PFRS).

The user-friendly guide will address important issues such as knowing the difference between cooperative statement of financial condition versus corporation’s statement of financial position; cooperative statement of operations versus corporation’s income statement, and more. This program is guaranteed to boost the participants financial literacy to interpret, to analyze and to make the right decisions whether you are in-charge of governance, management or doing business with cooperatives.

Accountants attending the training will earn CPD credit units. Check www.cgbp.org for a complete list of Best Practices programs including BIR Computerized Accounting System Compliance for Medium and Large Taxpayers, How to Joint Venture Effectively with the Government, How to Prepare Unsolicited Proposals for Government Projects, Project Feasibility Study and Analysis, Best Practices in Managing Financial Performance, and many more.

For inquiries, call landlines in Manila (+63 2) 842-7148/ 59 and (+63 2) 556-8968/ 69, in Baguio (+63 74) 423-2914, in Cebu (+63 32) 512-3106 or 07, or Legazpi City (+63 52) 736-0148.)