MASTER YOUR ACCOUNTING SKILLS                                      AND GET CERTIFIED! Acquire an International Qualification and get Recognized The Certified Accounting Technician (CAT) Program is designed to be an intensive accounting training that equip you to develop all the necessary skills – bookkeeping, payroll and taxation – for real life accounting work. Sponsored by the National Institute of Accounting Technicians, Institute of Accounting Technicians of Canada and CAT Australia, the CAT qualification is one of the most recognized and respected designations by employers globally. "I am an accounting graduate but I wasn’t able to put into practice what I have learned. One benefit that CAT has given me is the opportunity to exercise my skills in various activities. Taking up the CAT curriculum also gave me an added experience and functioned as a review of payroll and taxation that I regard as very substantial areas." Melanie Malang Branch Operation Officer Metrobank "The promise of international recognition is the main reason why I took the CAT course. Because of this, I became updated concerning new rulings and tax, and I noticed that I started having professional development. I know that when I finally come to a decision of working abroad, I am prepared because I have the designation." Cynthia Madlangsakay BPO Junior Manabat, Delgado, Amper & Co. "The CAT program is really good and I became armed with updated information necessary in my work such as topics in bookkeeping, payroll and taxation. The instructors disseminated the lessons well and having the plan of working out of the Philippines, I believe I will be able to receive more career chances." Marvin Harold Rebullar Man Diesel Philippines, Inc. Tax Practitioner "To be able to update my knowledge in accounting and taxation, I enrolled in the Certified Accounting Technician program. The lessons on income tax is really applicable in my work since I am involved in accounting, and having plans of working abroad, I know that I can use what I have learned giving me a chance on better promotions." Jai Villanueva Accounting Officer Bluecheck Global Services What is an Accounting Technician? Accounting Technician is a new terminology in the Philippines but is widely used in UK and Australia to identify a range of bookkeeping occupations working in all industries. Like many professions, accounting is changing. Today’s Accounting Technician plays an important role in the overall business management function. Benefits to You Offer your employer proven specific skills and knowledge. Advance your career and increase your compensation potential. Put "CAT" after your name, giving you the same distinction among Accounting Technicians that “CPA” gives to Certified Public Accountants. Enhance your value to your company and clients. Opportunities to qualify as CAT Canada or CAT Australia. Increase your chances of working overseas where CAT is recognized such as Australia, New Zealand, United Kingdom and other Asia Pacific countries. The Certified Accounting Technician (CAT) Program Syllabus The CAT Program is designed to nurture the learning process and provide you with well presented and structured course. The qualification itself has been split into three modules for ease of learning. Each module contains set of drills and real-life cases for you to assess how well you are progressing. MODULE 1: Review of Bookkeeping Skill Basic principles of double entry accounting Nature and accounting of a merchandising business and how it differs with a service business Analyze and record transactions in the accounts such as purchases and sales Preparation of chart of accounts for a merchandising and service business Use of T accounts to analyze transactions into debit and credit parts Preparation of trial balance and learn its purpose Understanding matching concept relates to and supports the accrual basis of accounting MODULE 2: Completing the Accounting Cycle Adjusting journal entries that will update the matching process The use of worksheet as a useful device for collecting and summarizing data Preparation of the adjusting and closing entries from a worksheet Performing Bank Reconciliation The adjusting and closing entries Preparation of a post closing trial balance Finalizing the multi-step and single-step income statement, statement of owner's equity and Balance sheet for a merchandising and service business Completing the accounting cycle MODULE 3: Constructive Accounting Establishing of Internal Controls to safeguard assets most specially Cash Single entry bookkeeping systems Reconstruction of Incomplete records Conversion of Cash -basis to accrual accounting Correction of Errors Analysis and Interpretation of Financial Statements MODULE 4: Special Journals Recording of transactions using sales journal, cash receipts, purchases journal, cash payments journal and general journal. Use of voucher system to control expenditures, preparation of a voucher and recording in voucher register. Use of check register and payment process of the voucher system. Use of combination journal especially for service enterprises MODULE 5: Understanding Management Information Appreciate the importance of financial and non-financial information for planning, control and decision-making purposes Recognize the variety of cost units, cost centers and profit centers Differentiate between direct and indirect costs; fixed and variable costs; period and product costs; controllable and uncontrollable costs; avoidable and unavoidable costs; etc Identify cost classification for decision-making and planning Appreciate cost behaviour patterns including linear, curvi-linear and step functions Appreciate the importance of unit costs for both financial and management decision making MODULE 6: Accounting for Materials, Labor and Overhead costs Describe the methods and procedure of storekeeping, stocktaking and inventory control Explain and illustrate the perpetual inventory system and its procedures documentation Explain and illustrate the methods available for pricing stores issues and for inventory valuation Explain the impact of different remuneration methods on the cost of finished goods Explain and illustrate the problems and procedures of identifying, analyzing, allocating and absorbing overhead costs Explain the different bases for overhead absorption rates Compute overhead absorption rate Differentiate and calculate plant-wide overhead rates and departmental overhead rates Explain and illustrate the principles and methods of treatment of under and over-absorption of overhead costs MODULE 7: Accumulating Costs for Products and Services Explain the flow and accumulatin of costs when using job costing Describe the purpose and content of job cost sheet Identify appropriate units for accumulation of control costs Explain the treatment of profit/loss on contracts including uncompleted contracts Demonstrate the application and identification of cost units Explain and determine the equivalent units and cost per equivalent unit Demonstrate how costs are assigned to equivalent units using process costing Demonstrate cost accounting methods used in cost processes, process losses and work in progress Explain the difference between joint product and by-product costing MODULE 8: Budgeting for planning and control Identify and apply techniques for forecasting revenue and expenditures Prepare operational, cash, and capital expenditure budgets Explain the differences between fixed budgets, flexible budgets and reforecasts Calculate variances and identify their cases Explain and illustrate the concept of zero-based budgeting Explain the uses and limitations of standard costing Identify and determine different standards; basic, ideal, attainable and current standards Identify and calculate sales and cost variances Prepare standard product cost and analyze different types of variances between standard and actual product costs Identify the significance of, and inter-relationship between, variances MODULE 9: Estimating Costs and Revenues for Decision Making Calculate and explain the usefulness of contribution margin and contribution margin ratio Determine the sales volume required to earn a desired level of operating income Identify the purposes of break-even analysis Illustrate and determine the margin of safety Use Cost Volume Profit (CVP) relationships to evaluate a new marketing strategy Identify assumptions underlying CVP analysis MODULE 10: Payroll Accounting Payroll computation whether on daily, weekly, semi monthly and/or monthly basis. Computation of Withholding Taxes due, SSS Premium due, Phil Health, and other deductions. Recording of payroll and present them to the corresponding financial statements. Implementation of necessary internal control measure in payroll processing. MODULE 11: Business Income Taxation General Principles of Taxation. Income Tax Rules for business and practice of profession. Sources of Income, allowable business expenses and personal exemptions. Minimum Corporate Income Tax, Improperly Accumulated Earnings and Gross Income Tax for Corporations. Preparation of Quarterly Income Tax return (BIR Form 1702Q) and Annual Income Tax Return (BIR Form 1702). Compliance requirements such as keeping Books of Accounts and its preservation. BIR registration requirements and issuance and printing of receipts, sales or commercial invoice. MODULE 12: Business Taxes: Value Added Taxes and Percentage Taxes Concept and Scope of Value Added Taxes and Tax Exempt transactions. VAT on Sale of Goods or Properties, Services, Use of Lease of Property and Importation of Goods. Input and Output Taxes and Computation of VAT Payable. Compliance requirements, Withholding and Remittance of VAT. Rates and Bases of Percentage Tax. Withholding of Percentage Taxes and Expanded Withholding Percentage Taxes. Monthly Remittance of VAT and Other Percentage Taxes. The CAT Program will be offered from February 3, 4, 5, 10, 11, 12, 17, 18 , 19, 2009, Tuesday / Wednesday / Thursday, 6:00pm - 9:00pm at Unit 505, East Tower Tektite Bldg. PSE Center Ortigas, Pasig City Who Should Attend? Accounting Degree Majors Bookkeepers Payroll Analysts Tax Accountants Accounting Assistants Join the Certified Accounting Technician (CAT) Program Night Classes - 6:00pm - 9:00pm February 3, 4, 5, 10, 11, 12, 17, 18 , 19, 2009 Unit 505, East Tower Tektite Bldg. PSE Center Ortigas, Pasig City LIMITED SLOTS ONLY Click here to inquire now

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