Professional Documents
Culture Documents
Full Set of FS
Full Set of FS
Full Set of FS
FINANCIAL
STATEMENTS
AND
ATTACHMENTS
06
05
04
0
02 3
01
NOTES TO
STATEMENT OF FINANCIAL
STATEMENT OF CASH FLOWS STATEMENTS
STATEMENT OF
CHANGES IN EQUITY /
ACTIVITIES / It is an integral
STATEMENT OF FUND BALANCE
OPERATIONS / part of a
INDEPENDENT FINANCIAL POSITION/ INCOME It represents the
It reflects all changes company's
AUDITORS’ CONDITION cash receipts and
in equity in the
REPORT Income cash disbursements external financial
reporting period
Balance Sheet Statement arising from as a result of statements to
A report that This presents an transactions with business activity comply with the
This reports the
expresses the
entity's assets, owners in their full disclosure
auditor’s opinion on
revenues, gains,
liabilities and capacity as owners (ie principle
the preparation of expenses, losses,
owner changes in
FS, and also affirms equity as of a net income and equity) reflecting the
that all of the specific date— other totals for increase or decrease
relevant ethical the end of the the period of time in net assets in the
requirements reporting period. period.
regarding
independence has
met.
WHEN TO FILE THE AUDITED
FINANCIAL STATEMENTS??
NOTES TO
STATEMENT OF FINANCIAL
STATEMENT OF CASH FLOWS STATEMENTS
STATEMENT OF
CHANGES IN EQUITY /
ACTIVITIES / It is an integral
STATEMENT OF FUND BALANCE
OPERATIONS / part of a
INDEPENDENT FINANCIAL POSITION/ INCOME It represents the
It reflects all changes company's
AUDITORS’ CONDITION cash receipts and
in equity in the
REPORT Income cash disbursements external financial
reporting period
Balance Sheet Statement arising from as a result of statements to
A report that This presents an transactions with business activity comply with the
This reports the
expresses the
entity's assets, owners in their full disclosure
auditor’s opinion on
revenues, gains,
liabilities and capacity as owners (ie principle
the preparation of expenses, losses,
owner changes in
FS, and also affirms equity as of a net income and equity) reflecting the
that all of the specific date— other totals for increase or decrease
relevant ethical the end of the the period of time in net assets in the
requirements reporting period. period.
regarding
independence has
met.
01
AUDITOR’S
OPINION
WHAT COMPOSES AN AUDITORS’ REPORT?
Title
Addressee
Auditor’s Opinion
Going Concern
(insert if any)
Emphasis of
Matters
Responsibilities
for the Financial
Statements
Auditor’s
Responsibilities
for the Audit of
the Financial
Statements
WHAT COMPOSES AN AUDITORS’ REPORT?
Auditor’s
Responsibilities
for the Audit of
the Financial
Statements
WHAT COMPOSES AN AUDITORS’ REPORT?
Other Reporting
Responsibilities
Signature of Auditor
Partner’s and
Firm’s
accreditation
Auditor’s Address
NOTES TO
STATEMENT OF FINANCIAL
STATEMENT OF CASH FLOWS STATEMENTS
STATEMENT OF
CHANGES IN EQUITY /
ACTIVITIES / It is an integral
STATEMENT OF FUND BALANCE
OPERATIONS / part of a
INDEPENDENT FINANCIAL POSITION/ INCOME It represents the
It reflects all changes company's
AUDITORS’ CONDITION cash receipts and
in equity in the
REPORT Income cash disbursements external financial
reporting period
Balance Sheet Statement arising from as a result of statements to
A report that This presents an transactions with business activity comply with the
This reports the
expresses the
entity's assets, owners in their full disclosure
auditor’s opinion on
revenues, gains,
liabilities and capacity as owners (ie principle
the preparation of expenses, losses,
owner changes in
FS, and also affirms equity as of a net income and equity) reflecting the
that all of the specific date— other totals for increase or decrease
relevant ethical the end of the the period of time in net assets in the
requirements reporting period. period.
regarding
independence has
met.
02
STATEMENT OF FINANCIAL
POSITION
STATEMENT OF FINANCIAL
CONDITION
STATEMENT OF FINANCIAL POSITION
1
CORPORATION
5 2
4 3
BANKS FOUNDATION
STATEMENT OF FINANCIAL CONDITION
COOPERATIVES
STATEMENT OF FINANCIAL POSITION / CONDITION
Name of Company
Financial Statement
Period Covered
Group of Accounts
STATEMENT OF FINANCIAL POSITION / CONDITION
Name of Company
Financial Statement
Period Covered
Group of Accounts
STATEMENT OF FINANCIAL POSITION / CONDITION
NOTES TO
STATEMENT OF FINANCIAL
STATEMENT OF CASH FLOWS STATEMENTS
STATEMENT OF
CHANGES IN EQUITY /
ACTIVITIES / It is an integral
STATEMENT OF FUND BALANCE
OPERATIONS / part of a
INDEPENDENT FINANCIAL POSITION/ INCOME It represents the
It reflects all changes company's
AUDITORS’ CONDITION cash receipts and
in equity in the
REPORT Income cash disbursements external financial
reporting period
Balance Sheet Statement arising from as a result of statements to
A report that This presents an transactions with business activity comply with the
This reports the
expresses the
entity's assets, owners in their full disclosure
auditor’s opinion on
revenues, gains,
liabilities and capacity as owners (ie principle
the preparation of expenses, losses,
owner changes in
FS, and also affirms equity as of a net income and equity) reflecting the
that all of the specific date— other totals for increase or decrease
relevant ethical the end of the the period of time in net assets in the
requirements reporting period. period.
regarding
independence has
met.
0
3
STATEMENT OF ACTIVITIES
STATEMENT OF OPERATIONS
STATEMENT OF INCOME
STATEMENT OF ACTIVITIES
SCHOOLS 01
02 FOUNDATION
STATEMENT OF OPERATIONS
COOPERATIVES 01
STATEMENT OF INCOME
BANKS/ LOAN
ASSOCIATION
No Income Taxes
Distribution of surplus to
Statutory Funds
STATEMENT OF ACTIVITIES/ OPERATIONS/ INCOME
No Income Taxes
Distribution of surplus to
Statutory Funds
STATEMENT OF ACTIVITIES/ OPERATIONS/ INCOME
NOTES TO
STATEMENT OF FINANCIAL
STATEMENT OF CASH FLOWS STATEMENTS
STATEMENT OF
CHANGES IN EQUITY /
ACTIVITIES / It is an integral
STATEMENT OF FUND BALANCE
OPERATIONS / part of a
INDEPENDENT FINANCIAL POSITION/ INCOME It represents the
It reflects all changes company's
AUDITORS’ CONDITION cash receipts and
in equity in the
REPORT Income cash disbursements external financial
reporting period
Balance Sheet Statement arising from as a result of statements to
A report that This presents an transactions with business activity comply with the
This reports the
expresses the
entity's assets, owners in their full disclosure
auditor’s opinion on
revenues, gains,
liabilities and capacity as owners (ie principle
the preparation of expenses, losses,
owner changes in
FS, and also affirms equity as of a net income and equity) reflecting the
that all of the specific date— other totals for increase or decrease
relevant ethical the end of the the period of time in net assets in the
requirements reporting period. period.
regarding
independence has
met.
04
STATEMENT OF CHANGES IN
EQUITY/ MEMBERS’ EQUITY
STATEMENT OF CHANGES IN
FUND BALANCE
STATEMENT OF CHANGES IN EQUITY
O1 O2 O3 O4
BANKS LENDING
COOPERATIONS COOPERATIVES
COMPANIES
STATEMENT OF CHANGES IN FUND BALANCE
SCHOOLS FOUNDATIONS
STATEMENT OF CHANGES IN FUND BALANCE / EQUITY
STATEMENT OF CHANGES IN FUND BALANCE / EQUITY
NOTES TO
STATEMENT OF FINANCIAL
STATEMENT OF CASH FLOWS STATEMENTS
STATEMENT OF
CHANGES IN EQUITY /
ACTIVITIES / It is an integral
STATEMENT OF FUND BALANCE
OPERATIONS / part of a
INDEPENDENT FINANCIAL POSITION/ INCOME It represents the
It reflects all changes company's
AUDITORS’ CONDITION cash receipts and
in equity in the
REPORT Income cash disbursements external financial
reporting period
Balance Sheet Statement arising from as a result of statements to
A report that This presents an transactions with business activity comply with the
This reports the
expresses the
entity's assets, owners in their full disclosure
auditor’s opinion on
revenues, gains,
liabilities and capacity as owners (ie principle
the preparation of expenses, losses,
owner changes in
FS, and also affirms equity as of a net income and equity) reflecting the
that all of the specific date— other totals for increase or decrease
relevant ethical the end of the the period of time in net assets in the
requirements reporting period. period.
regarding
independence has
met.
05
STATEMENT OF CASH
FLOWS
STATEMENT OF CASH FLOWS
“Payment of Interest on
Share Capital and Patronage
Refund”
06
05
04
03
02
01
NOTES TO
STATEMENT OF FINANCIAL
STATEMENT OF CASH FLOWS STATEMENTS
STATEMENT OF
CHANGES IN EQUITY /
ACTIVITIES / It is an integral
STATEMENT OF FUND BALANCE
OPERATIONS / part of a
INDEPENDENT FINANCIAL POSITION/ INCOME It represents the
It reflects all changes company's
AUDITORS’ CONDITION cash receipts and
in equity in the
REPORT Income cash disbursements external financial
reporting period
Balance Sheet Statement arising from as a result of statements to
A report that This presents an transactions with business activity comply with the
This reports the
expresses the
entity's assets, owners in their full disclosure
auditor’s opinion on
revenues, gains,
liabilities and capacity as owners (ie principle
the preparation of expenses, losses,
owner changes in
FS, and also affirms equity as of a net income and equity) reflecting the
that all of the specific date— other totals for increase or decrease
relevant ethical the end of the the period of time in net assets in the
requirements reporting period. period.
regarding
independence has
met.
06
NOTES TO FINANCIAL
STATEMENTS
NOTES TO FINANCIAL STATEMENTS (FULL PFRS)
NOTES TO FINANCIAL STATEMENTS (PFRS for Coop)
NOTES TO FINANCIAL STATEMENTS (PFRS for SME)
NOTES TO FINANCIAL STATEMENTS (PFRS for SE)
HOW MANY SETS OF
FS TO PREPARE??
SEC
6 copies
BIR
4 copies
01
CDA
02 2 copies
03 BSP
22 Copies
04
Printing Docket
FS ATTACHMENTS
Certifications Prepared by Management
02 Statement of Representation
Attachments to be
04
signed by the Partner
Certification to allow SEC to examine for first time clients
2
FS Cover
3
Certification Issued In Compliance With SRC Rule 68 (Stockholders And Stockholdings
4
Statement of Management’s Responsibility – Audited Financial Statements
5
Independent Auditors’ Report
6
Financial Statements
7
Management Letter Cover, if any
8
Management Letter, if any
BIR
1
Filing Confirmation (eBIR) / Payment Confirmation (EFPS)
2
Income tax Return with attachments (SAWT and 2307)
3
Representation Letter for BIR - V20
4
Statement of Management’s Responsibility – Income Tax Returns
5
Independent Auditors’ Report
6
Financial Statements
CDA
1 FS Cover
2
Statement of Representation
3
Statement of Management’s Responsibility – Audited Financial Statements
4
Independent Auditors’ Report
5
Financial Statements
6
Management Letter Cover
7
Management Letter
BSP
1
FS Cover
2
Certification Required Under Section 7 of BSP Circular 410
3
Statement of Management’s Responsibility – Annual Financial Statement
4
Independent Auditors’ Report
5
Financial Statements
6
Letter of Comments Cover
7
Letter of Comments
8
Reconciliation Statement And List Of Adjusting Journal Entries
GENERAL FORM OF
FINANCIAL
STATEMENTS
GENERAL FORM OF FINANCIAL STATEMENTS
of at least
threshold amount
P5,000,000.
GENERAL FORM OF FINANCIAL STATEMENTS
Submitted within
thirty days (30 how
days)
many days?
Submitted within
thirty days (30 how
days)
many days?
Submitted within
thirty days (30 how
days)
many days?
of at least
threshold amount
P5,000,000.
BIR
1
6
BIR
1
Filing Confirmation (eBIR) / Payment Confirmation (EFPS)
2
Income tax Return with attachments (SAWT and 2307)
3
Representation Letter for BIR - V20
4
Statement of Management’s Responsibility – Income Tax Returns
5
Independent Auditors’ Report
6
Financial Statements
Certifications Prepared by Management
01
02
03
04
05
Certifications Prepared by Management
01
02
STATEMENT OF OPERATIONS
01
STATEMENT OF ACTIVITIES
SCHOOLS 01
02 FOUNDATION
STATEMENT OF OPERATIONS
COOPERATIVES 01