A Digital Magazine published by PICPA MMR GAO

February 2019 ISSUE

THE

N-E-W-S Chapter Reports

Digi-Ledger

Last January 22, 2019, PICPA MMR held its tax conference at the Isla

Ballroom EDSA Shangrila in Ortigas Center, Mandaluyong City. Ms. Marivic

Espano, the MMR Chair delivered her welcome address to more than 400

delegates. The event was graced by an inspiring and informative message

from the key note speaker, Senator Sonny Angara. There were series of

technical sessions presented by distinct guest speakers. The Assistant

Secretary of the DOF, Ms. Ma. Teresa Habitan has delivered the impact of

the TRAIN Law. The Director of the Human Resource in Mirriam College

Dr. Noel Racho shared insights on "How to Cultivate a Culture of

Excellence and Integrity at the Workplace.

While the Bureau of Internal Revenue in the person of Ms. Marivic Galvan

has provided the Year-End Tax Reminders, relevant latest court decisions

were shared by the Associate Justice of the Cort of Tax Appeals, the Hon.

Catherine Manahan. The rest of the day was devoted with presentations

on the Difference in Tax Reporting and Financial Reporting, provided by an

SGV expert Tax Partner Mr. Francis Ricamora, followed by a topic on

Relevant rules and Issues with Local Government Units, handled by an

equal expert Ms. Eleanor Roque of P&A Grant Thornton.

The activity was indeed a successful event as spearheaded by Committee

Chair Ms. Bernadette Tabuzo and Co-Chair, Mr. Richard Ibarra.

N-E-W-S Chapter Reports

In collaboration with PICPA Pangasinan Chapter

headed by its President, Ms. Nathalie I. Tan, PICPA

NMMC conducted its Adopt-A-Chapter Program last

January 18-19, 2019 at Dagupan City, Pangasinan.

The two-day seminar is the 2nd of NMMC seminar

outside of Metro Manila. The first day session was

held at City De-Luxe Restaurant with Mr. Mhycke

Gallego as the speaker. He discussed about

“Voluntary Quality Assurance Review (VQAR)”. The

second day was held at the Star Plaza with Mr.

Vicente Gudani, NMMC President elect, took up

“Common Errors in Tax and Tax Updates”. It was

such a memorable day for the NMMC delegates as

they were given a warm welcome and hospitality by

the group.

NMMC Updates

As part of NMMC Bingo

proceeds, NMMC donated Php

50,000.00 for scholars of PICPA

Foundation last January 21,

2019 at PICPA Building, Shaw

Blvd., Mandaluyong City.

Accepting the donation were the

officers of the Foundation during

their monthly meeting.

ADOPT A CHAPTER

1ST SEARCH FOR OUTSTANDING

ACCOUNTING STUDENT LEADERSThe preliminary competition or the elimination round for

the search of 1st Outstanding Accounting Student

Leaders was held at PICPA Building, Shaw Blvd.,

Quezon City last January 19, 2019. NMMC Chapter

was represented by Mr. Allen Jay P. Berdan from

University of Caloocan City, Camarin, Caloocan who is

currently the President of Junior Philippine Institute of

Accountants (JPIA), Camarin.

In the said preliminary competition, he won First Place

among the seven (7) delegates from different schools

in Metro Manila. Representative from Miriam College

finished second place while De La Salle University

grabbed third place. The winners will then compete

with other regions for the grand finals of National

Competition. As part of advocacy for education and

proceeds from the Bingo event last October 2018, the

chapter donated 20 books to all participants of the said

competition. Ms. Araceli Rodriguez, Past MMR Chair

represented the chapter President, Mrs. Ellen de

Guzman, on her behalf as moral support to the

chapter’s representative for the said preliminary

contest.

2019 MMR TAX CONFERENCENMMC members and officers supported the 2019 MMR Tax Conference held at Shangrila Hotel, EDSA,

Mandaluyong City. An array of the best speakers in the field of taxation completed the one-day event.

However, Senator Angara as guest speaker highlighted the affair with his message.

SOCIAL INVOLVEMENT

NMMC DONATE TO

PICPA SCHOLARSHIP

FOUNDATION

NMMC officers and members

donated 30 books to the

Accounting Library of University

of Caloocan City, Camarin. UCC

represented by the following

officers: Dra. Shirley Saragcon,

Dean of College of Business and

Accountancy; Dr. Melhor

Julianes, Vice-President of UCC

Student Affairs; Prof. Ammie

Barawid, JPIA Advisers were so

grateful because the donation

answered the book shortage of

the library. It was heartbreaking

to hear when Dra. Zen told the

group that most of the students

only depend on photocopies

since they could hardly afford to

purchase even one Accounting

book. The impact made to the

lives of these Accounting

Students were magnanimous

and hopefully would better their

lives due to the charity made by

the chapter. The Donate-A-Book

program was something deeply

thought and care of by the

officers. And our group hope

through this simple contribution it

would be one step closer to

everyone’s dream of being a

“CPA”.

DONATE A BOOK TO

UNIVERSITY OF

CALOOCAN CITY

2

CPD on Tour – Candon Ilocos Sur in

collaboration with PICPA Eastern

Chapter

Gift Giving to Candon Children

February 21, 2019

PFRS Seminar”

For Accounting Students of North

Luzon National State College, San

Nicolas, Candon, Ilocos SurFebruary 22, 2019

Adopt-A-Chapter – Picpa Ormoc

ChapterMarch 15-17, 2019

SEMINAR-WORKSHOP FOR ACCOUNTING

TEACHERS ON HOW TO TEACH THE

TOPIC EFFECTIVELY

PICPA NMMC supports the seminar sponsored by PICPA

National and NACPAE last January 25-26, 2018 at PICPA

House, Mandaluyong City entitled “Seminar-Workshop for

Accounting Teachers on How to Teach the Topic

Effectively” by sending CAMANAVA accounting teachers

namely: Mr. Mario G. Camacho, Ms. Francheska L. Dela

Cruz, Mr. Jose B. Conel, Mr. Gemrey L. Mangle and Ms.

Estelita D. Bello. The objective of the two-day seminar

workshop is to train the accounting teachers in the delivery

of some challenging topics in the CPA Licensure

Examination subjects through the use of proper techniques

and methodologies in classroom discussion. And for Day 1,

the topic include “Financial Accounting and Reporting

Auditing Theory and Practice. And for Day 2, Advance

Financial Accounting and Reporting and Regulatory

Framework for Business Transaction and Business Taxation.

PICPA Northern Metro Manila

chapter held its 8th regular

chapter monthly meeting last

February 13, 2018 at Ms. Lolit

Tang Residence in Quezon City.

Matters taken were Financial

Performance and Membership

Update, Scheduled Seminars,

General Membership Meeting,

CPD on Tour, Seminar for

NGOs, Comelec Timetable and

Matters from MMR Council.

Reaching out for PICPA’s help,

an invited guest from National

University, Dean Tess Gonzales,

discussed about their nationwide

project funded by BDO

Foundation, Inc. They want to

partner with NMMC to deliver the

module on “Accounting For Non-

Accountants” to some

venue/location the chapter would

like to select.

PICPA NMMC HOLDS IT’S

8TH REGULAR CHAPTER

MEETING

COURTESY CALL

Last February 11, 2019, NMMC Officers made a

courtesy visit to BIR Caloocan City Revenue

Director Mr. Miguel Morada Jr. and officials of the

Bureau.

The BIR officials reiterated its plea to the officers

and members of NMMC who came, to support the

Bureau’s 2019 collection goals, which members of

the Chapter responded positively .

OTHER ACTIVITIES

ACPACI INDUCTION OF OFFICERS

Last January 30, 2019, Chapter Presidents, Ms.

Edith Peralta, Paul Chester Uy and Ellen de

Guzman attended the 2019 Association of Certified

Public Accountant in Commerce and Industry

(ACPACI) Induction Ceremony of New Board of

Directors, Officers, Committee Chairpersons and

Members at Mayuree II Ballroom, Dusit Thani

Hotel, Makati City. It was a well-attended affair

since most of PICPA Officers past and present

graced the affair including BOA Chair, Mr.

Quinanola.

NMMCAnnouncements

N-E-W-S ChapteReports

Mr. Rudolph Jimenez shared his knowledge on Effective Customer

Service to the very enthusiastic 165 employees of Pag-Ibig Fund,

Western Visayas last January 12, 2019. Ms. Jelay Ubaldo and Ms. Ivy

Zafe were the representatives from the Team PICPA-EMMC.

MENTORING THE NEXT GENERATION ENTREPRENEURSEMMC UpdatesMs. Ivy Zafe, an officer of PICPA-Eastern Metro Manila Chapter, was invited to be one of the mentors in the business program of JA Philippines, Inc., with

over 50 students from various schools. The event was held at Philippine Trade Training Center last January 25, 2019. Questions on Business Concepts,

Financial Statements and Projections were among the topics during the mentoring session. Ms. Zafe also delivered an inspirational talk to the students.

EMMC supported the National Federation of Junior Philippine Institute of

Accountants - National Capital Region Academic Conference - East

hosted by the University of the Philippines Junior Philippine Institute of

Accountants. With the theme, “In Focus: Discerning the Machinations of

the Academe”, the whole-day event was held at UP Diliman last January

20, 2019. The event was attended by over 300 accounting students from

Eastern Metro Manila schools. One of the resource speakers is EMMC

President Paul Chester See who discussed about opportunities available

to students taking up the four (4) accountancy programs.

Chapter President Paul See delivered opening remarks during the 1st PICPA National Search for Outstanding Accounting Leaders. Bea Panoy from Miriam

College, QC and Ma. Theresa Joy Roa from PSBA, QC were the participants from the PICPA-Eastern Metro Manila Chapter. The top 3 winners are De La

Salle University-Manila at 3rd place, Miriam College at 2nd place, and University of Caloocan City at 1st place.

1ST PICPA NATIONAL SEARCH FOR OUTSTANDING ACCOUNTING STUDENT LEADERS

TEAM PICPA-EMMC ON NFJPIA

ACADEMIC CONFERENCE

SEMINAR FOR PAG-IBIG FUND

EMPLOYEES AT WESTERN VISAYAS

TEAM PICPA-EMMC ON MMR TAX CONFERENCE

Team PICPA - EMMC officers, lead by Chapter President Paul See,

attended the 2019 MMR Tax Conference held at Ballroom unit, Shang-ri

La Hotel last January 22, 2019. The conference was chaired by Ms.

Bernadette Tabuzo and co-chaired by Richard Ibarra and was attended

by CPAs from various sectors. The topics include Difference in Tax

Reporting to Financial Reporting By Francis Ricamora, Year-end tax

reminders by Marivic Galvan, Impact and Changes of the TRAIN Law to

Income Tax, VAT, Withholding Taxes, DST, Excise and Admin by Teresa

Habitan, Latest Court Decisions and BIR Rulings by Justice Catherine

Manahan, Cultivating a Culture of Excellence and Integrity at the

Workplace by Dr. Noel Racho, Relevant Rules and Issues with Local

Government Unit by Atty. Eleanor Roque, and What to Expect with the

TRABAHO Law and Tax Amnesty Bill by Senator Juan Edgardo Angara.

MONTHLY BOARD MEETING

Team PICPA-EMMC conducted its 7th Monthly Board Meeting last

January 19, 2019. Chapter President Paul See lead the meeting which

was attended by Board of Advisers, members of the Board, Chairs and

Co-chair and active members. New updates, initiatives and endeavour

were discussed during the meeting.

EMMCANNOUNCEMENTS

8th monthly board and officers meeting

February 19, 2019

Provincial Activity in Candon City, Ilocos Sur

in Partnership with Northern Metro Manila

Chapter

February 22, 2019

Accounting for Non-Accountants Seminar for

Pag-IBIG

February 23, 2019

Financial Literacy San Antonio Abad Parish

Basic Ecclesiastical Community

March 2, 2019

Eastern Accounting Teachers' Conference

March 3, 2019

Accounting and Tax Seminar for United

Architects of the Philippines March 16, 2019

4th General Membership Meeting and Grand

Eastern Reunion June 13, 2019

EMMCANNOUNCEMENTS

N-E-W-S ChapteReports

WMMC Updates

Adopt-A-Chapter

Quezon Province Chapter with seminar on

“PFRS for Small Entities & Tax Updates”

Adopt-A-Chapter

Quezon Province Chapter

“Gift Giving for Special Children”

WMMC Adopt-A-Chapter was held at Quezon Province Chapter with seminar entitled “PFRS

for Small Entities & Tax Updates” was held at Max’s Restaurant, Brgy. Isabang, Tayabas City

last Jan. 19, 2019. It was attended by participants from various sectors of the Accounting

profession. Resource Speakers were Atty. Margaux Advincula of SGV and Co., Tax Group and

Mr. Dennis Malco of PWC Isla Lipana & Co. CPAs

Another Adopt-A-Chapter a “Gift Giving Activity

for the Special Children of Lucena was held at

Lucena West I Elementary School, Quezon

Province Chapter last Jan. 19, 2019. WMMC

gave cash gift to the special children and treat

them lunch while the Jollibee mascots

entertained them.

WMMC Monthly Meeting

March 21, 2019

Opening of Accounting for

Non-Accountants 6th Batch

February 13, 2019 – April 3, 2019

Visita IglesiaMarch 24, 2019

3rd GMM “ Embracing the World of

Leaders”March 30, 2019

WMMC’sSAVE the DATES

N-E-W-S ChapteReportsSMMC Updates

PICPA SMMC

ExCLGoes to

Nueva Vizcaya!

The Albay ExCL (Excellence Connectivity Learning) seminar of PICPA SMMC was conducted in

partnership with PICPA Albay Chapter at the AVP Hall, Tahao Road, Legazpi City from October 18 to 19, and

was attended by 80 CPAs from the chapter.

Two resource speakers on the first day shared their knowledge and expertise: Mr. Mark Carrasco, audit

manager from P&A Grant Thornton, explained the financial statement ratio analysis and Ms. Maricris See,

Senior Director from SGV & Co. and director of PICPA SMMC, provided the discussion on the common

issues on income tax and value-added tax. Moreover, Ms. Marivic Rebulanan, Director from SGV & Co.

took up the discussion on employee benefits taxation while Dean Danny Cabulay conducted a workshop on

Stress Management during the second day.

Included in the ExCL Program is a formal arrangement with the beneficiary-chapter to allocate part of the

proceeds to the Financial Assistance Program benefiting five (5) more scholars on top of the other eight (8)

financial assistance beneficiaries being shouldered by SMMC, for a total count of thirteen (13) scholar-

beneficiaries.

SMMC Officers Conduct

Board Meeting for

September!

The monthly board meeting of

SMMC was conducted on January

23, 2019 at BDO Roxas Cruz Tagle

& Co. in Makati. Among those

tackled were the financial

performance for the first half of the

fiscal year, passing rate if financial

assistance scholars, preparations

for the 3rd GMM and the assistance

provided for the CARAGA CPAs

Conference in Bislig City, Surigao

del Sur.

SMMC’sSAVE the DATES

SMMC 3rd General Membership Meeting

Mall of Asia Arena Anex (MAAX)February 27, 2019

CARAGA CPAs Conference (BisligCity) with Speakers Sponsored

by PICPA SMMCFebruary 27 – March 1 & 2, 2019

MMR - GAO Updates

2018-2019 Editorial Board

MMR Chair Ma. Victoria Españo, GAO Chair Normita Lansang- VillaruzAdviser: PICPA MMR Adm. Mgr. FannyMadraga

January Issue Contributors Ellen De Guzman (NMMC) Paul Chester See (EMMC)

Editha Peralta and Vanessa Mae Abrera-Vibar (WMMC) Yusoph Maute & Venisse Ann Parungao (SMMC)

Chapter Representatives for PublicationsAtty. Rosita C. Cham (NMMC)

Ivy Marie Zafe (EMMC)Vanessa Mae Abrera-Vibar (WMMC)

& Yusoph Maute (SMMC)