Post on 02-Apr-2018
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#PICPAgram
APRIL - JUNE 2016 VOLUME 1 ISSUE No.4
Official Publication of PICPA- Cebu | “Sharing success beyond borders.”
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LOURDES O. CAMBONGA President, PICPA-Cebu FY2015-2016
On July 17, 2015, exactly 370
days ago, we took our oath as
new members of the board of
PICPA CEBU. We pledged to
do our duty faithfully and
impartially and invoked the
help of GOD.
Personally, there was a tinge of anxiety in me .. . Can I do the job? Can I match the
accomplishments of my predecessors? Can I deliver what is expected not only of me but my whole team? The words of Hellen Keller enveloped my mind - alone I can do so little, but with the Team, we can do so much.
As a first step, I conditioned myself that my Board will all be together to achieve what we want to achieve, guided by by the words of Henry Ford ...
Indeed, the 2015-2016 Board moved
forward together. And with these forward steps, we were able to deliver what were expected of us by the National Office, directed by its prescribed scorecard, with the end in mind of serving the PICPAns.
#PICPAMORE IN THIS ISSUE:
Coming together is a beginning
Keeping together is progress
Working together is success
PRESIDENT
A culmination of a year's sterling
service, progress and success
Our team aggressively worked on the professional development of the members,
offering 27 seminars for the year and 1 summit; linked with other professional
group through sports activities; helped accountants and PICPAns in other institutions with in-house seminars.
Together with JPIAns from local
universities, we offered voluntary work for
the success of the International
Eucharistic Congress held in Cebu and,
also, served during the country’s national
election under the NAMFREL/C-
CIMPEL. With enthusiasm, the Team networked
with various government agencies through
courtesy calls, visits and participation in the agencies’ programs and activities.
The Chapter’s socio-
civic activities for the
year were focused on the
marginalized school
children from far-flung barangays in the town of
Pinamungajan.
Twice during the year, school bags, school supplies, toiletries and many more were distributed. (..continued on page 2)
ring the year, the long gone PICPA newsletter was reincarnated – and
#PICPAgram evolved! The newsletter features the quarterly Chapter events –
and this is now featured in the (also) newly resurrected PICPA Cebu website. We are really happy that we activated these two important sources of information for the
benefit of our members. .
“O” is for Outstanding! Ms. Lourdes “Odette” Cambonga receives
her “Outstanding Chapter President Award for FY2015-2016” during
the awarding ceremony held at EDSA Shangri-la, Mandaluyong.
“
BISAYA NI BAY! 10 Topnotchers from Cebu
+PICPA-Cebu welcomes newest
members (p.2)
Congratulations!
#HowToBeYouPo
PICPAk, Ganern!
This is how it’s done:
Snaps from this quarter’s PICPA
activities in our PICBOOK. (p.4)
See what exciting activities are lined
up for PICPA-Cebu
#ChapterGoals(p.6)
”
In photo: 2015-2016 BOD Standing: Katherine Mae Migriño, Rex Becera, Jonas Abellar, Wendell Ganhinhin, Sugar Sagarino, Edlenne
Fatima Alvez, Fidel Abalos, Vinencio Oyangoren, Jr., Arnold Supilanas, Cedric Naranjo, Dennis Mendoza; Seated: Concepcion
Racaza, Marissa Baldecir, Edgar Detoya, Lourdes Cambonga,
Dolores Tampus (not in picture Maria Asuncion Alfaro-Benlot)
(continued from p.1…) During October of last year, the long gone PICPA
newsletter was reincarnated – and #PICPAgram evolved! The newsletter features the quarterly Chapter events – and this is now featured in the (also) newly
resurrected PICPA Cebu website. We are really happy that we activated these two important sources of information for the benefit of our members.
The membership in good standing of our Chapter has spiraled this year. Other than the new CPAs added to the roster, our Membership team did a good job of convincing “inactive” PICPAns to go back to the fold and join the fun-filled professional development and other activities.
Not to be missed is the Chapter’s continuous and unconditional support to the JPIAns, who in turn are always there, never turning their backs to help the Chapter. The JPIAns are the red blood of the Chapter’s Accountancy Week Celebration!
On the softer side, we reactivated the Chapter’s
scholarship program. Today, our scholar, Ma. Lucille
Ferrer, is enjoying the “educational” generosity of PICPA Cebu. We started introducing changes and policies in our Office Secretariat with the aim of fully professionalizing our office in the days to come.
All our accomplishments during the year would not
have been possible without the wisdom of my
predecessors, the generosity of our sponsors and the
unending support of Fidel, Ipher and Arnold; the daily
fuel – Rosanna, Vilma, Daylin and Rolly, and to everyone
who, in many ways touched the Team’s lives since we
took the reins in July 2015 until June 30, 2016.
And to the Board, we should thank ourselves for a
job well done! I feel so proud and honoured to have
been able to lead the 2015-2016 Team. I would not have
reached the pinnacle of my presidency all alone. Thus, I
would like to share the award of Outstanding
Chapter President with you… it will be one of the
unforgettable accomplishments in my career! It was
always a pleasure working with you; the fun and laughter
during board meetings made the nights shorter.
We achieved more because we worked solidly all
the way, together.
To the new Board with Sir Edgar Detoya on the rein,
ADELANTE!
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Elyzzah Torres, 7th Place
University of San Jose Recoletos
Claire Pilapil, 6th Place
University of San Carlos
Shenen Goc-ong, 8th Place
University of San Jose Recoletos
Ervin Cavalida, 5th Place
University of San Carlos
Trisha Cabanlit, 4th Place
University of San Carlos
Jayvee Anga, 3rd Place
University of San Jose Recoletos
Sarah Balisacan, 10th Place
University of San Carlos
Kenny Tabiliran, 9th Place
University of San Jose Recoletos
Marc Ong, 9th Place
University of San Carlos
Joshua Echivarre, 9th Place
University of San Carlos
CONGRATULATIONS! CEBUANOS DOMINATE
THE 2016 CPA LINCENSURE EXAM
10 of 16 Topnotchers of May
2016 CPA Licensure Examination
from Cebu
42.84% 2,967 exam passers out of 6,925 takers
ogether veryone chieves ore
10 = 4 + 6 USJR USC TOPNOTCHERS
PICPA-CEBU
INAUGURATES NEW CPAs
by Pamela Gay R. Dadang
Passing the CPA Board Exam marks
the culmination of long years of hard
work in attaining an accounting
degree but certainly does not signify
an end to the abiding quest for
learning. The Master of Ceremony
said it best, “You will no longer
spend sleepless nights studying; you
will spend it working”. The elusive
title “CPA” will serve as a key to the
gates of professional practice and
development. And to officially
welcome these new CPAs to the
professional world, PICPA Cebu held
the Oath taking and Induction
ceremony at the Cebu City Sports
Club last June 24. Among the
illustrious guests who graced the
event were Board of Accountancy
members Hon. Gloria Baysa (Vice-
Chairman) and Hon. Concordio
Quisaot.
2015-2016 PICPA Cebu
President Ms. Lourdes Cambonga
set the tone of the event by inviting
everyone to appreciate the triumphs
of the present while embracing the
responsibilities and opportunities
that come with it.
After the attendees shared
meals during the banquet, it was
time to be nourished with equally
delightful and meaningful message
delivered on point by no less than
the keynote speaker, Hon.
Concordio Quisaot. The relatively
short but stimulating talk revolved
around the established accounting
concept of debit and credit. As
pointed out by Hon. Quisaot, this
concept also applies to life in its
entirety the main difference being
that in accounting, monetary values
are calculated and assigned for
every debit and credit to show that
for every value received there is a
corresponding value given up;
whereas in life, such “figures” may
not be as easily determined because
they encompass virtues and
experiences. It is therefore
important to focus on values with
positive effect and long-lasting
significance.
The program then proceeded to
the heart of the event: Induction of
New CPAs. In behalf of BOA
Chairman Hon. Joel Tan-Torres, who
wasn’t in his healthiest, BOA Vice-
delightful and meaningful message
delivered on point by no less than the
keynote speaker, Hon. Concordio
Quisaot. The relatively short but
stimulating talk revolved around the
established accounting concept of
debit and credit. As pointed out by
Hon. Quisaot, this concept also applies
to life in its entirety the main
difference being that in accounting,
monetary values are calculated and
assigned for every debit and credit to
show that for every value received
there is a corresponding value given
up; whereas in life, such “figures” may
not be as easily determined because
they encompass virtues and
experiences. It is therefore important
to focus on values with positive effect
and long-lasting significance.
The program then proceeded to
the heart of the event: Induction of
New CPAs. In behalf of BOA Chairman
Hon. Joel Tan-Torres, who wasn’t in
his healthiest, BOA Vice-Chairman
Hon. Gloria Baysa took charge as the
inducting officer of the ceremony and
headed the distribution of certificates
and PRC IDs.
Perhaps the gathering of these newly
inducted CPAs was the best time to
delineate the Board’s strategic plans for
the future development of the profession.
As a representative of the Board, Hon.
Baysa shared some of the programs that
will affect the current and future
generations of CPAs in the country which
should stimulate interest and cooperation
from all accounting professionals.
Shortly before the ceremony
concluded, Cebu’s highest ranking
topnotcher Jayvee Faust Anga gave a brief
speech as a form of response in behalf of
all inductees and as a challenge to the
new professionals to keep going forward.
This was followed by a heartfelt tribute to
the parents who equally deserve
recognition and gratitude for keeping up
with the demands of their children’s
studies and character building.
Following the closing remarks, the newly
inducted CPAs departed with bright
aspirations of what lies ahead in the next
chapter of their lives. -
New CPAs soberly professed their
oath as professionals and as
partners of the government in
nation-building. As individuals who
hold public accountability, these
new CPAs also uttered the Pledge
of Integrity which upholds the
highest standards of ethical
conduct.
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Accountancy Profession Cases and Applications (L-R) Past President Ms. Rosanna Arcenas, Resource Speaker Mr.
Elirie S. Aranas and PICPA President Ms. Lourdes Cambonga
Effective Strategic Planning For Business conducted last May 5, 2016 @ Cebu Parklane International Hotel
Effective Strategic Planning For Business Seminar
Attendees of Effective Strategic Planning For Business seminar.
Cloud Computing &
Cloud Accounting
Resource Speakers
Mr. Dennis de
Jesus & Ms.
Josephine Camara
with PICPA
President Ms.
Lourdes Cambonga
and Ms. Rosanna
Arcenas
Effective Strategic Planning For
Business Seminar Resource
Speaker Dean Danny A. Cabulay
with PICPA President Ms. Lourdes
Cambonga and Past President Ms.
Rosanna Arcenas.
`Enterprise Wide Risk Management with Resource SpeakerCarlos
Yturzaeta
Ethics and Good Governance Seminar with resouce speaker Atty. Eranio L. Punsalan Resource Speaker Dr. Cesar A. Mansibang, Professor at
Ateneo Graduate School of Business and Ateneo Law School
Strategic and Critical Financial Management for the CPAs Resource Speaker Dr. Cesar A. Mansibang
with PICPA President Ms. Lourdes Cambonga and Past President Ms. Rosanna Arcenas
Risk Based Auditing of Financial
Statements (L-R) Past President Ms. Rosanna Arcenas,
Resource Speaker Mr. Marco Fernando L. Ng
and PICPA President Ms. Lourdes Cambonga
Left Photo: USC Topnotchers
(L-R) Ervin Cavalida, Clare Pilapil,
Trisha Cabanlit, Sarah Balisacan &
Joshua Echivarre.
Right Photo:USJR Topnotchers
(L-R) Jayvee Faust Anga (Top 3),
Elyzzah Kaye Torres (Top 7),
Shenen Mae Goc-ong (Top 8),
Kenny Tabiliran (Top 9)
PICPA Elections Volunteers from University of Visayas
Risk Based Auditing of Financial Statements (L-R)
Past President Ms. Rosanna Arcenas,
Resource Speaker Mr. Marco Fernando L. Ng and
PICPA President Ms. Lourdes Cambonga
PICPA-CEBU CHAPTER ACTIVITIES AT A GLANCE
JULY – SEPTEMBER 2016 (Q1, FY 2016-2017)
July 16- 23
Accountancy Week
Celebration
July 22 4th PICPA Cebu
Summit
August 19 Financial Statements
Compilation
Engagements (Cebu Parklane Hotel)
Sept. 2 How To Be A
Successful Tax Agent (Cebu Parklane Hotel)
Dean Estelita C. Aguirre 8 CPD units, Thematic Area 2
Speaker: Mr. Marco Fernando Ng (Cebu Parklane Hotel)
8 CPD units, Thematic Area 2
Sept. 16 Managing Tax Assessment & Collection Atty. Nelson Gargoles (Cebu Parklane Hotel)
8 CPD units, Thematic Area 2
Speaker:
Mr. Elirie Aranas 8 CPD units, Thematic Area 2
August 5 PFRS Updates
(Cebu Parklane Hotel)
EDITORIAL CONSULTANT:
Lourdes O. Cambonga
EDITORIAL BOARD
Wendell Ganhinhin Editor-in-Chief
Members:
Domingo Dennis Mendoza Jr. Commerce and Industry
Edgar R. Detoya Education
Cedric Val R. Naranjo Government
Venencio Oyangoren Jr. Public Practice
Staff:
Jamilah A. Panantaon Deputy Editor
Jesfil U. Paraz Deputy Writer
Charlene E. de Castro Graphic/Layout Editor &
Deputy Writer
Richelle Eve B. Baquerfo Graphic/Layout Editor