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Technical Plan: CC: Office File, Report No. 5
Technical Plan: CC: Office File, Report No. 5
Management and Budget Plan of the Proposed Review Center In realization of the proposed review center of Ventura Accounting Firm, the technical, management and budget plan of the review center are noted below. Technical Plan The review center will be composed of 27 lecture rooms with state of the art amenities, researched and updated review materials, and latest library resources. The firm will additionally employ reviewers from Cebu and Manila composed of board topnotchers, authors and expert Accounting Professors and Practitioners and staff and personnel. Classes will be available from 7:30am to 5:30pm on weekdays. Below are the class schedules: Time Schedules 7:30 9:00 9:00 10:30 10:30 12:00 1:00 2:30 2:30 4:00 4:00 5:30
Figure 1 Class Schedules
Tuesday
Wednesday
Friday
Practical Accounting I
Practical Accounting I
Ventura Accounting Review Center will also provide personalized counseling and coaching sessions with reviewers for better guidance. The contents and coverage of the subjects available in the review center shall be in accordance with the outline or syllabus prepared and issued by the Board of Accountancy containing the following: Subjects Theory of Accounts Contents Accounting terminology, accounting principles and procedures, classification of accounts, valuation of assets and liabilities, income determination, developments in the science of accountancy, etc One-half on the subject of business law covering
Management Services
Auditing Theory
obligation and contracts, partnerships and corpora tions, negotiable instruments and other phases of the legal framework of business, and the other half on taxation dealing on income tax, business taxes, transfer taxes, and other taxes affecting accounting practice. Principles and procedures, methods, and techniques involved in management consulting services that may be rendered by Certified Public Accountants in areas such as managerial accounting, planning and control operations, design and appraisal of accounting systems, and financial -management related services. Auditing concepts, auditing standards, internal control, auditing procedures and techniques, and the short-form audit report. Problems on the application of auditing standards, techniques and procedures, preparation of working papers, completion of the audit, and preparation of audit report. Problems concerning financial statements and accounting for assets, liabilities and stockholders equity. Problems pertaining to partnership, joint ventures, fire insurance on the insureds books, consignments, installment sales, agencies and branches, business combinations, cost accounting, financial analysis, and government accounting
Auditing Problems
Practical Accounting I
Practical Accounting II
Management Plan To facilitate the operation of the review center, it was agreed that Cyrene G. Nano, CPA will manage the operations of the review center. Under her management are the forty lecturers under the supervision of Rogean Selma, CPA. Selma will be in-charge of the academic aspects of the review center. Budget and Finance Department will be headed by Eduardo Jamero, CPA. Facilitation of the cash inflows and outflows of the company is his primary function. To maintain the cleanliness of the center, Leonaleen Orendain will head the Sanitation Department.
Academic Affairs
Budget Plan To realize the proposed business, Ventura Accounting Firm will invest 3 million pesos for the first year of the operation. The capital will be used in renovating lecture rooms and function halls, construct additional comfort rooms, collect review materials and library resources, purchase furniture and fixtures, and other expenditures. Budget Plan
Construction of CRs Collection of Materials and Resources Purchase of Furnitures and Fixtures Administrative Expense Operational Expense
SUMMARY The review center will offer the seven subjects in the board exam, Theory of Accounts, Business Law and Taxation, Management Services, Auditing Theory, Auditing Problems, Practical Accounting I and II. The management will be headed by Cyrene Nano, CPA and the budget plan for the first year will be three million pesos which will be allocated to initiate the operation of the review center.
Cc: Office File, Report No. 5