FINANCIAL STATEMENTS

FINANCIAL STATEMENTS
PHILIPPINE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS, INC.
The PRC Accredited Professional Organization of CPA’s
PAMPANGA CHAPTER
STATEMENT OF ASSETS, LIABILITIES AND FUND BALANCES
FISCAL YEAR 2017-2018

   As of Sept. 30, 2017
     
ASSETS  
     
CURRENT ASSETS  
  Cash and cash equivalents                                       655,067.62
  Receivables – net                                         20,253.58
  Prepaid expenses and other current assets                                                    –  
     
TOTAL CURRENT ASSETS                                       675,321.20
     
NON-CURRENT ASSETS  
  Property and equipment – net                                       410,531.31
  Long-term investment                                                    –  
     
TOTAL NON-CURRENT ASSETS                                       410,531.31
     
TOTAL ASSETS                                  1,085,852.51
     
LIABILITIES AND FUND BALANCES  
     
LIABILITIES  
  Accounts payable and accrued expenses                                         48,982.04
  Due to PICPA National Office                                       121,469.36
     
TOTAL LIABILITIES                                       170,451.40
     
FUND BALANCES  
     
General fund – beg.                                       730,933.02
  Prior period adjustments                                        (52,600.00)
Add: Excess of receipts over expenses                                       227,066.15
Cumulative net receipts (deficiency)                                       227,066.15
   
General fund – end                                       905,399.17
Special fund                                         10,002.00
     
TOTAL FUND BALANCES                                       915,401.17
     
TOTAL LIABILITIES AND FUND BALANCES                                  1,085,852.57

 

DOWNLOAD

PHILIPPINE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
The PRC Accredited Professional Organization of CPA’s
PAMPANGA CHAPTER

STATEMENT OF REVENUES AND EXPENSES
FISCAL YEAR 2017-2018

     1ST QUARTER
 July 2017 – September 2017
     
RECEIPTS  
     
  Special assessment              478,250.00
  Membership dues                93,944.38
  Donations and solicitations                88,500.00
  Sales of books                           –  
  Rental Income                           –  
  Interest and dividends                      69.00
  Others                  9,000.00
     
TOTAL RECEIPTS              669,763.38
     
EXPENSES  
     
  Depreciation                     404.16
  Special assessment expenses              279,721.50
  Accreditation fee                  7,000.00
  Dues and membership fees                           –  
  Transportation expenses                           –  
  Meetings, conferences & other activities              127,107.63
  Advertising                17,288.96
  Supplies                  4,153.21
  Communication, light & water                  1,338.39
  Insurance                           –  
  Taxes and licenses                           –  
  Repairs and maintenance                           –  
  Printing cost                           –  
  Miscellaneous expenses                  5,683.36
     
TOTAL EXPENSES              442,697.22
     
EXCESS (DEFICIT) OF RECEIPTS OVER EXPENSES            227,066.15

 

DOWNLOAD

 

Share us