Republic of the Philippines

COMMISSION ON AUDIT
Commonwealth Avenue, Quezon City

COURSE OUTLINE

Course Title : Seven-Day Seminar on Philippine Financial Reporting Standards (PFRS)

and Revised Chart of Accounts (RCA) for COA Auditors and Agency
Personnel of Government Corporations (GCs) Classified as Government
Business Enterprises (GBEs)
Target Participants : COA auditors and agency personnel of GCs classified as GBEs
Period : January 30 to February 7, 2017
Venue : PIDS, COA

Seven-Day Training on PFRS and RCA for GCs Classified as GBEs Page 1 of 2
 Schedule Session/Activity Persons Responsible
Day 1 Class 1 Class 2
8:00 - 9:00 a.m.  Registration Training Specialist (TS):
 Opening Ceremonies
o Opening Prayer
o National Anthem
o
9:00 - 10:00 a.m. Expectation Setting TS:

10:00 - 10:15 a.m. Break

10:15 a.m. - 12:00 Welcome Remarks and Resource Persons (RPs):

noon Overview of PFRS and Assist. Comm. Lourdes M. Director Luzvi Pangan Chatto
RCA for GCs Classified as Castillo Accounting Systems
GBEs Government Accountancy Development and Other Services
Sector(GAS) Office (ASDOSO)

12:00 noon -1:00 Lunch Break

p.m.

1:00-3:00 p.m. Session 1: RPs:

PFRS 1 – First Time Ms. Juanita C. Fuggan Mr. Arnel A. Manalastas
Adoption of State Auditor III State Auditing Examiner II
Philippine Financial Accounting Systems Development ASDOS-Corporate, ASDOSO,
Reporting Standards and Other Services (ASDOS)- GAS
Corporate, ASDOSO, GAS
3:00 - 3:15 p.m. Break

3:00- 5:00 p.m. Session 2:

PAS 1 - Presentation
of Financial
Statements
Day 2
Schedule Session/Activity Persons Responsible

8:00 - 9:00 a.m. Session 3: RPs:

PAS 7 – Statement of Ms. Belen B. Ladines Mr. Cayetano A. Geli
Cash Flows State Auditor V State Auditor III
CGS-Cluster 6-Social, Cultural, CGS-Cluster 6-Social,
Trading, Promotional and Other Cultural, Trading, Promotional
Services and Other Services
9:00 – 10:00 a.m. Session 4:
PAS 8 – Accounting
Policies, Changes in
Accounting
Estimates and Errors

10:00 - 10:15 a.m. Break

10:15 - 11:00 a.m. Session 5:

PAS 10 – Events after
the
Reporting Date

11:00 a.m. - 12:00 Session 6:

noon PAS 34 Interim
Financial Reporting

12:00 noon -1:00 Lunch Break

p.m.
Seven-Day Training on PFRS and RCA for GCs Classified as GBEs Page 2 of 2
1:00 - 2:00 p.m. Session 7: RPs:
PAS 21 – The Effects Mr. Lou Marvin C. Santos Ms. Abegail V. Padilla