3LP ACTIVITIES

NOVEMBER:
WEEK 2 (7-11): Discuss various concepts and principles in financial management. A formative
reporting per group is a must to measure their knowledge acquired from their lesson.

Some of the powerful and influential personalities once had a vision. A burning desire in hopes
of filling the gaps of that bigger picture that tickled their mind. Behind those immense gains,
came with their own propositions in reaching the pinnacle of success. With the rise of some of
the most renowned people in the country, there has always been the talk of the town, the man
that was once branded as the shoemaker, now having one of the many current leading
companies, the SM company. But I am here to tell you that it was a matter of good financial
management that brought them to prosperity.

In business, the handling and maintaining of the finances and allowing it to be successful while
still in compliance with terms and policies is called financial management. Financial
management is a branch of management wherein it is the making of a business plan in a way
that every part of the business stays on track by planning, organizing and controlling all
transactions in a business. There can be many factors as to how they help the companies; and
one of which is the maximization of profits.

They are able to give their insights to the rise of raw materials and how they are able to cope up
with that. They are also responsible in making sure that the company has a sufficient amount of
funds in order to meet its obligations while also keeping up with the regulations; and at the same
time and knowing how to communicate effectively towards the investors and board of directors.
And most importantly, providing predictions as to how a company should perform in different
situations based on their market conditions. But in simpler terms, It is applying the effective
ways of managing a company’s financial structure. To add to this, there are also principles in
order for us to achieve an effective way of being in the financial management:

1. A budget needs to be presented for them to determine their objectives. If there are any
inconsistencies between transactions, measuring or determining how the company is
performing, and to look out for any changes in the company’s business conditions.

2. A budget is required to always be realistic; in a way that it needs to always be in line on

how the company performs and not just guessing numbers.

3. A budget is required to always have a basis in order to be transparent, to always have a

purpose and intentions on how the company will able to meet their desired goals. At the
same time, have a way on what to revise and improve on their goals and objectives.
 4. The actual Financial reports needs to be compared on the budget in order for us to be
able to detect and see if there is any changes in terms of the business environment
itself, to find some inconsistencies about the transactions, to measure the financial
performance, ensuring all the unnecessary costs are being avoided, and at the same
time, making it sure that all transactions are valid and necessary in able to accomplish
their target goals.

5. If inconsistencies are present between the financial result from the budget, the manager
needs to look for any cause, evaluate what happened, and take action on the said
matter.

6. Units must stay within their budget. Any form of over budgeting must be shown as to
why it happened. Moreover, they must provide a new and improved plan in order for
them to eliminate the inconsistencies made.

7. All transactions must be in line with the rules and regulations.

8. Each unit must know all the financial consequences before sarting a new activity of if a
current one is changed or eliminated to be more organized.

9. Each unit must make sure that the expected benefits are higher than the ones from any
planned or ongoing activities.

10. Each unit must provide enough caution in order to protect any losses or inaccurate use
of assets.

Financial Management is highly important for businesses and organizations as it is a

steppingstone to have an edge over competitors. It was not only Henry Sy’s dreams that led him
to where he stands, but rather how they have good financial management.
WEEK 3 (14-18): Make a simple Industry Analysis of a given company. (Company discussion)

Universal Robina Corporation (URC)

Universal Robina Corporation (URC) traces its beginnings to 1954 when Mr. John Gokongwei,
Jr. built a corn milling plant to produce glucose and cornstarch. Business was good for a time,
but similar multinational companies in the country became hurdles.

To stay ahead of the game, Mr. John diversified by producing and marketing his own branded
consumer foods. Blend 45, the first locally manufactured coffee blend, became the largest-
selling coffee brand in the market, and Robina Farms started its operations of poultry products.

Universal Robina Corporation was established in 1966 and pioneered the salty snacks industry
through Chiz Curls, Chippy, and Potato Chips. In the late 1960s, Robichem Laboratories was
built to provide veterinary needs to farm businesses. In the 1970s, the family entered the
commodities business through the formation of Continental Milling Corporation.

In the 1980s, URC Sugar and URC Packaging were acquired to provide stable cash flows and
further vertical integration in the supply chain. In 2005, the group was organized into three
focused groups: the Branded Consumer Food Group, the Agro-Industrial Group, and the
Commodities Group.
WEEK 4 (21-25): Define the Importance, Benefits and steps of the financial market.

I always get asked how I'm able to have a business at such a young age. The number of
incredulous reactions I'm receiving when I say I only got my lovely k-pop photocards and a
dream is just truly hilarious. I bet you are one of them, right? I can sense the second thoughts
lingering, but let the financial market prove to you that.

Financial market refers to any marketplace where the trading of assets occurs, such as equities,
bonds, currency, and other financial securities. Financial markets provide liquidity for
businesses and entrepreneurs by creating securities products that give a return for investors
and lenders that makes the funds available to those who need additional money.

They solely rely on informational transparency to ensure efficient and appropriate prices. One
example is the Philippine Stock Exchange (PSE) and Makati Stock Exchange (MSE), which
trade trillions of pesos daily. Financial markets play a huge role in a business as it is a way to
have an extra budget by liquidating other resources in exchange for cash used in business. In
that way, you can expand and sustain your business.

If you are expecting all rainbows and butterflies, then think again. If you think that stepping on
excrement is the worst, I bet running through bank errands on a weekend would always be the
most annoying thing to do. specifically going through long lines depositing money for my next
photocard purchase. Echoes from my younger thoughts kept on asking ‘Depositing? What about
it? I know we are giving our full trust in safe keeping our hard earned cash, right?’. But is it really
the sole purpose of that? No. because There can be many benefits as to why they are engaging
in these types of marketing strategies.

There can be an instance where there is an equal advantage between a borrower and a lender
in a way that they’re not gaining any loss but rather gaining a fair share between the two parties.
For instance, people who deposit money in a bank can be used as a way to lend money to a
borrower regardless of the amount because with the amount being borrowed comes a great
deal of interest being paid with it. In that case, they both gained something in return: money to
spend on a business and interest income from the money borrowed. Man, that was such a roller
coaster ride, but when I tell you that this is the time to start prioritizing your happiness while
earning, I mean it. A photocard and a dream? Not bad right?
WEEK 5 (28-3): Create at least a two-minute commercial about the economy’s three main
producing sectors.

BREAKING NEWS: Cost of face masks rose by 67.5% over the course of the week following
the COVID-19 pandemic. A shortage which started since the Department of Health (DOH)
confirmed that a Chinese national in the Philippines was infected with the virus formerly known
as the 2019 Novel coronavirus (2019-nCoV). But what made the people go haywire amidst the
threat of the disease?

The Primary Sector is responsible for generating the raw materials. It is the first step in
The supply chain where materials such as polypropylene, plastic nose wire, and the ear loop
are one of the things that make up the product itself. At this point, the materials are taken by the
Secondary Sector to a process wherein they are manufactured into finished products. Many of
these industries, such as this one, consume large quantities of energy that will require factories
and machinery to convert it to goods. This sector supports the Primary and the Tertiary Sector.
Now, how are we able to sell these stocks? That’s where the Tertiary Sector steps in. They are
composed of companies that sell products to the consumers. With that being said, these are just
examples on how the economy’s three main producing sectors work.It goes through a strict
process from gathering resources, assembling, and catering them to the public. However, with
the situation we are currently in, it was the lack of resources that made it hard to import in the
country.

Was that the only basis for that? The Cabinet secretary Karlo Nograles said in his recent
presidential forum in Quezon City that the scarcity comes with the problem of hoarding. That
they can't seem to stop people because it’s creating some sort of panic among them. And if
there’s any available, they tend to purchase more than what is required. At the head of breaking
news, from Quezon City, this is Lance Heramia Reporting from news 127. Thank you and have
a great day.

Source :
https://newsinfo.inquirer.net/1223841/shortage-of-face-masks-cabinet-exec-says-people-buying-
more-than-needed#ixzz7vFe6YqZ0
DECEMBER:
WEEK 6 (5-9): Show the role tourism plays in the economy and how it can be utilized as
business opportunities by making a song.

(from New Jeans - OMG)

Song : https://www.youtube.com/watch?v=2Kff0U8w-aU&list=RDMM&index=17
Minus one : https://www.youtube.com/watch?v=YM5PE748DnQ

It’s tourism it's about you baby

Only you
How tourism plays
In the economy yeah!

The opportunities
Get a glimpse of it
The vision under it
New journey awaits
It's you that we need
So come take a sip
We’ve many things to give
Boy what do you say

(They keep on asking me, "what is it?")

Islands here and there it’s 7-640
(They keep on asking me, "what is it?")
History awaits it’s so intriguing
(They keep on asking me, "what is it?")
The pleasure that you feel is never ending
(They keep on asking me, "what is it?")
‘Coz don’t you know that
There is a lot of things to unpack now baby

Oh my oh my God
I see i see ‘ya
Really looking into this enchanting scene
Oh my oh my God
I am so in love
Asking myself this is how that it should be

No I can never let this go

It’s the connection that is strong
The satisfaction after that know, I know
I’m bout to tell you how it’s done
 Now hold tight ‘coz this is fun
On how tourism plays the role know, I know
It’s so amazing right?

The culture’s a bridge

Of one of many things
Giving possibilities of what should we do
Tourist spots?
Historical creations?
Now we should do is to cater it

everything we got
grab the chance baby
Every guest that we have
Come and sit shall we?

(They keep on asking me, "what is it?")

Good economy means more attraction
(They keep on asking me, "what is it?")
attraction means room for some innovation
(They keep on asking me, "what is it?")
Innovation leads to something better
(They keep on asking me, "what is it?")
Now don’t you worry
We have all the things to be grateful baby

Oh my oh my God
I’m so thankful yeah
looking forward
For you to come back real soon
Oh my oh my God
Once you can come back
I am hoping that you have companions too

No I can never let this go

The admiration that they’ve grown
The domination that they gave know, I know
It’s just so crazy how they did
And now economy’s expanding
To give opportunities know, I know
WEEK 7 (28-3): Prepare a Chart of Accounts (supply and demand/financial status) by means of
virtual representation per group using a company. It can be created by the students or from the
internet.

In December 2019, Ayala recognized a loss of ₱18.1 billion as a result of the reclassification
of its investment in Manila Water as asset held under PFRS 5 (the accounting standard for
assets held for sale). This accounting standard requires applying a fair market value
accounting for Ayala’s investment in Manila Water, if the completion of the divestment and
or subsequent loss of voting control is expected to occur within one year from the date of
the financial statement. It also requires the assets and liabilities of MWC to be presented as
one line item in the consolidated balance sheet and P&L in 2019 as opposed to line-by-line
consolidation in prior years.

Please see as summary table below showing the effect of accounting for MWC investment
under PFRS 5
FEBRUARY:
WEEK 1 (13-17): Describe the nature of transactions in a service business by means of any
videos connected to this topic and discussion. After that, a reaction paper should pass after the
given time for the activity.

Seeing my mom spending a great amount of time in front of her bright mirrored vanity, I can
truly say that she was really the kikay type of girl. Her nails having different colors almost every
month, the amount of color changes she did, and most importantly, all the makeup in her
precious drawers that may have had the same shades and all. What baffled me the most is the
amount of what she is always paying, when it was just a haircut. But what are we really paying
for doing services like that?

In the said video that i watched, a service is a type of business that solely revolves around the
idea of paying for the service itself. In other words, these types or services are intangible,
meaning that it is not a physical product that you can touch or see. It can be experienced by the
buyer or the receiver. With these types of businesses such as salons, barbershops, carwash,
hospitals, etc., you cannot judge the quality provided before consumption. Also, these types of
businesses may have inconsistencies mostly because There can be no perfect standardization
of services. Even if the service provider remains the same, the quality of the service may differ
from time to time.

Moreover, The production and consumption of services are not inseparable because storage of
services is not possible. Being an intangible transaction there can never be an inventory of
services. Aside from that, sales are collected immediately since they are always paid every after
services they do, and with that, the revenue of the business is usually realized whenever the
services are already done. Those are some of the things I learned from her, to always have time
to treat yourself and valuing yourself more than others. Such an iconic mom, I love her so much.

Video source: https://youtu.be/j0MaL-Y2D1I (5:09 - 8:18)

WEEK 1 (20-24): Group Reporting - Basic principles of demand and supply.

Hey you, yeah you! Let me tell you something that most people don’t know about, markets! You
expected something more interesting? Like what, computers? Game consoplles?
Smartphones? Now, let me ask you a question, how bad do you want these things? And how
much are you willing to spend to buy them?

A market is any place where sellers and buyers exchange goods and services. The key to
markets is the concept of voluntary transactions wherein both agreed to willingly make a
transaction. People tend to ask these questions relating to the topic of supply and demand.
Demand is the desire that customers have for goods or services. So, the more they want these,
the higher the demand is. Now, supply is the amount of goods or services that are consumable.
Supply and demand has a big impact when it comes to prices, products, or services. The higher
the demand, the lower the supply; same goes for when the supply increases, the demand
decreases.

Suppose that you are saving up for a computer set, since what you wanted was the limited
edition one, it was retailed a bit higher compared to any computer set. Given that the product is
limited, it’s totally evident that there is a rise in demand, and lower in supply. But if you were to
compare it to buying an entry-level computer, it will surely have low demand but higher in supply
since many are selling these types of computers, having options for anyone.

It can also determine if the economy lacks something. For instance, we just recently
experienced the hiking of prices in onions. Now what do we mean by that? Like what we have
said earlier, basic economics tells us that when the quantity demanded is greater than the
supply, the price will rise. This is the case for onions in the Philippines. The Department of
Agriculture (DA) already warned that the onion supply was dwindling, and it would be insufficient
to meet the demand. But regardless of price, many people would still be willing to pay for
something they truly need. I think now you have the answer to my question, right? I would love
to hear that.