Menu Close

Showing all 2 results

  • MANAGING INTERNAL CONTROLS FOR BETTER PERFORMANCE
    Sale!
    1,499.00 1,399.00 + VAT

    MANAGING INTERNAL CONTROLS FOR BETTER PERFORMANCE

    by Dr. Rufo Mendoza
    September 1, 2020
    1:30pm –  4:30pm
    *******************************************************************
    Regular Rate           Php 1,499.00 + VAT starting August 26, 2020
    Early Bird Rate        Php 1,399.00 + VAT until August 25, 2020
    Group Rate              Php 1,299.00 + VAT per pax for 5 or more pax

    Inclusive of the two-part Webinar Session and the Digital Certificate
    *******************************************************************

    Managing Internal Controls for Better Performance

    Rationale of the Seminar

    Internal controls help an organization achieve its goals. It is a critical component of managing an organization and a foundation for its safe and sound operations. An effective internal control system helps an entity promote orderly, economical, efficient, and effective operations. It seeks to safeguard the resources and maintain reliable financial and management data. It enables compliance with laws and regulations and helps in mitigating the risk of unexpected losses or damage to the organization and its reputation.

    As an organization engages in its day-to-day activities and in the management of risks, the corresponding internal controls to mitigate those risks become more important. At the same time, the internal audit unit can only be functional if it can evaluate internal control activities and provide the management an assurance of their adequacy before any problem becomes large and destructive. An effectively-functioning control system will build the organization’s capacity to deliver its products and services sustainably to its clients or customers.

    Learning Objectives

    At the end of the seminar, the participants are expected to

    1. Explain the nature of internal control and its relationship with risk and audit and how they drive value for an organization;

    2. Discuss the regulatory requirements for internal control system, including the framework, components, and measures and how they can be implemented in real business operations;

    3. Describe the various principles and applications of internal controls that could help in achieving performance goals and objectives; and

    4. Assess internal control practices and devise workable solutions for identified internal control weaknesses.

     

    Outline of Topics

    Session 1 – Understanding the Trilogy of Risk, Control, and Audit

    The Nature of Internal Control and its Relationship to Risk and Audit

    Mapping Internal Controls in the International Landscape

    The Five Components of Internal Control System

    Session 2 – Internal Control Applications in Business

    Internal Control Activities for Company Assets

    Internal Control Activities for Company Liabilities

    R͟E͟S͟O͟U͟R͟C͟E͟ ͟S͟P͟E͟A͟K͟E͟R͟ ͟-͟ ͟Dr. Rufo R. Mendoza

    Dr. Rufo R. Mendoza was a member of the Professional Regulatory Board of Accountancy for seven years, where he was the Vice-Chair for three and a half years. He was also the Chair of the PRC’s Continuing Professional Development Council for Accountancy for five years. In his tenure in the BOA, he represented the country in the ASEAN Meetings of Professional Regulatory Authorities for the Mutual Recognition Arrangement on Accountancy Services. He was also the country’s delegate to the APEC Senior Officials Meeting in Accounting Services. He was PICPA’s national awardee as Outstanding CPA in Professional Development in 2008 and Outstanding CPA in Government Service in 2010.

    He has more than 20 years of experience in external audit and internal audit of private businesses. He has 15 years of extensive experience in consulting with international development organizations in the area of public financial management that covers the internal control system, risk management, and internal audit. He was Consultant at World Bank, UNDP, European Commission, Australian Agency for International Development, and United States Agency for International Development.

    He has a master’s degree in development management and a Ph.D. in community development and agribusiness management both from the University of the Philippines Los Baños, where he was awarded membership in three international honor societies.

    He taught in the graduate school of leading universities in the Philippines, including the Asian Institute of Management, Ateneo de Manila University’s School of Government, UP Open University, University of Philippine Los Baños, and De La Salle Lipa.

    Currently, he is a National Capacity Development Expert at the Asian Development Bank.

    IMPORTANT REMINDERS 

    LIMITED SLOTS. Limited slots are available. To avoid last-minute delays and inconveniences, we advise you to please register at the latest two days or one day before the webinar event. 

    REGISTRATION. You must register or be registered by someone else to be able to join our webinars. Webinar access links are strictly sent through email therefore make sure you indicate the right email addresses for the participants. Please indicate how many participants you wish to include before hitting the REGISTER NOW button.

    CHECK OUT. When you go to the Checkout Page, double-check the number of participants you have to register, if you change your mind or wish to make last-minute adjustments, do not forget to update your cart by clicking the UPDATE CART button. Once everything is final, you may now click the PROCEED TO CHECK OUT button.

    BILLING DETAILS AND THE NAMES OF THE PARTICIPANTS. On the upper portion, you have to enter your details (esp. your email address) as the one paying for the registration. Underneath, you have to enter the details (esp. the email addresses) of the participants you wish to join the webinar.


    PAYMENT

    POWERMAX provides three (3) payment options:
    (1) Bank Deposit/Online Bank Transfer
    (2) PayPal/Credit or Debit Card Through PayPal
    (3) Over The Counter (7 Eleven, Cebuana, etc.)

    Bank Deposit or Online Bank Transfer
    If you choose Bank Deposit/Online Bank Transfer, you have to send the proof of payment to info@powermax.ph.

    IMPORTANT:  Proof of payment must be sent to info@powermax.ph. Failure to send the proof of payment to info@powermax.ph means the participants will not receive the webinar links even if the proof of payment is sent to other contact details of Powermax or its representatives (e.g., Facebook, Messenger, Viber, other email addresses, etc.).

    Payment Through PayPal
    If you choose to pay for your registration using PayPal you may do so. Please take note that PayPal also accepts Debit Cards and Credit Cards bearing the VISA and Mastercard logo. Unlike the Bank Deposit/Online Bank Transfer, the PayPal process automatically updates our system to issue the participants their access to our webinars. 

    Payment Through Over The Counter (OTC)
    You may also pay us through various OTC Over The Counter payment channels:

    1. 7 Eleven
    2. Bayad Center
    3. Cebuana Lhuillier
    4. ECPay
    5. LBC
    6. MLhuiller
    7. Robinsons
    8. Palawan pawnshop
    9. SM
    10. RD Pawnshop
    11. RuralNet
    12. Expresspay

    If you Checkout using a particular Over The Counter payment channel, our system will send a barcode to your registered email. You can take this barcode, show, and pay over the counter. Please note that if you generate a barcode through 7 Eleven you must pay only through any 7 Eleven branch. When payment is made, proof of payment is sent to your email for payment reference.

    WEBINAR ACCESS LINKS.  Once payment is made and verified, we can activate the spot on the webinar then we can send the webinar access links to the email addresses of the participants – this only goes with Bank Deposit/Online Bank Transfer.  However, for payments made using PayPal and OTC, the activation process is automatic. Note that your webinar access link cannot be shared with anyone else.  If you cannot attend on the date and time of the webinar kindly advise us at the latest one day ahead.

    POWER WEBINARS. Powermax live webinars are designed to give you an incisive insight into a plethora of interesting and relevant topics using Zoom technology. It aims to uncork the latest updates, best practices, useful strategies, and tactics, and/or practical tips and techniques not just to widen your horizon but also to equip you with the essential knowledge and skills. Hopefully, this will also encourage you to register for the other webinars of Powermax. Just visit our site – www.powermax.ph to see our other webinars.

    A PLEASANT WEBINAR EXPERIENCE

    To ensure a pleasant webinar experience, we recommend to registrants to:

    1. Download and install the Zoom application beforehand
    2. Ensure that there is a proper internet WIFI connection
    3. Use a working webinar streaming device.

    Thank you and enjoy!

    Keep safe and God Bless!

  • PERFORMANCE MANAGEMENT USING THE BALANCED SCORECARD IN THE NEW NORMAL
    Sale!
    1,499.00 1,399.00 + VAT

    PERFORMANCE MANAGEMENT USING THE BALANCED SCORECARD IN THE NEW NORMAL

    by Dr. Enrico C. Mina
    September 8, 2020
    9:00am –  12:00nn
    *******************************************************************
    Regular Rate           Php 1,499.00 + VAT starting September 2, 2020
    Early Bird Rate        Php 1,399.00 + VAT until September 1, 2020
    Group Rate              Php 1,299.00 + VAT per pax for 5 or more pax

    Inclusive of the Webinar Session, the Presentation Materials of the Speaker and the Digital Certificate ******************************************************************* 

    Introduction
    Translating the organizational strategies crafted by the senior-level management into consistently supportive short-term and medium-term performance targets and standards at each level and organizational unit is easier said than done. But this is essential to ensure that strategies are successfully implemented and the desired results obtained. It is also an objective means of evaluating the performance of accountable managers and other personnel.

    Traditionally, only financial indicators (sales, gross profit margin, liquidity, return on funds employed, etc.) were used as measures of performance against targets. But using historical financial results is like driving by looking only at the rear-view mirror. The financial figures tell us what happened, but not what is likely to happen in the future.

    A better methodology known as the Balanced Scorecard sets targets and tracks results using four interrelated perspectives:

    ·        Financial
    ·        Customer
    ·        Internal business process
    ·        Learning and growth

    This course introduces the methodology of the Balanced Scorecard so that the participants can move forward to implementing it in their organization.

    Learning Objectives
    At the end of this course, the participants will be able to:

    1.   Learn the principles and concepts behind the Balanced Scorecard
    2.   Explain its advantages and benefits in performance measurement
    3.   Apply it on their organization using live data
    4.   Create a plan for its introduction into their organization

    Target Participants
    The course is designed for senior and middle-level managers. It is highly recommended to have the CEO and his/her direct subordinates as participants.

    Course Outline
    I. The origin of the Balanced Scorecard

    II. Two fundamental issues addressed
    A.  The problem of effective organizational performance management
    B.  The critical issue of successful strategy implementation

    III. Financial measurement and its limitations
    A.   Not consistent with today’s business realities
    B.  Driving by rearview mirror
    C.  Tends to reinforce functional silos
    D.  Sacrifices long-term thinking
    E.  Financial measures are not relevant to many levels of the organization

    IV. The implementation of strategy
    A.  While the development of strategy is not a simple task, the successful implementation of those strategies has been more daunting
    B.  The Vision Barrier
    C.  People Barrier
    D.  The Management Barrier
    E.  The Resource Barrier

    V. The Balanced Scorecard
    A.  Definition
    B.  Key stakeholders
    C.  Balance between financial and non-financial indicators of success
    D.  Balance between internal and external stakeholders
    E.  Balance between lag and lead indicators of performance
    F.   Four perspectives
    1.   Financial
    2.   Customer
    3.   Internal business process
    4.   Learning and growth
    G.  Interdependence due to the common vision and strategy
    H.  Objectives, measures, targets, and initiatives

    VI. Uses of the Balanced Scorecard
    A.  As a Measurement System for Performance
    B.  As a Strategic Management System
    C.  As a Communications Tool

    VII. Key success factors
    A.  Top management leadership and support
    B.  A support organization
    C.  Communication
    D.  Employee involvement and participation
    E.  Training and education
    F.   Plans, programs, and projects
    G.  Regular performance reviews
    H.  Reward and recognition
    I.    Process management

    VIII. Top implementation issues
    A.  Leadership issues
    B.  Cultural issues
    C.  System issues
    D.  Need for consulting help

    Schedule and Venue
    The course is held online via Zoom over 3 hours.

    Facilitator
               The course facilitator is Dr. Enrico C. Mina, currently an Associate Professor at the Ateneo Graduate School of Business at Rockwell Center Makati teaching Economics and Management courses in MBA programs. Dr. Mina has extensive corporate experience as a manager, trainer, and consultant, aside from having advanced academic qualifications.

     

    IMPORTANT REMINDERS 

    LIMITED SLOTS. Limited slots are available. To avoid last-minute delays and inconveniences, we advise you to please register at the latest two days or one day before the webinar event. 

    REGISTRATION. You must register or be registered by someone else to be able to join our webinars. Webinar access links are strictly sent through email therefore make sure you indicate the right email addresses for the participants. Please indicate how many participants you wish to include before hitting the REGISTER NOW button.

    CHECK OUT. When you go to the Checkout Page, double-check the number of participants you have to register, if you change your mind or wish to make last-minute adjustments, do not forget to update your cart by clicking the UPDATE CART button. Once everything is final, you may now click the PROCEED TO CHECK OUT button.

    BILLING DETAILS AND THE NAMES OF THE PARTICIPANTS. On the upper portion, you have to enter your details (esp. your email address) as the one paying for the registration. Underneath, you have to enter the details (esp. the email addresses) of the participants you wish to join the webinar.


    PAYMENT

    POWERMAX provides three (3) payment options:
    (1) Bank Deposit/Online Bank Transfer
    (2) PayPal/Credit or Debit Card Through PayPal
    (3) Over The Counter (7 Eleven, Cebuana, etc.)

    Bank Deposit or Online Bank Transfer
    If you choose Bank Deposit/Online Bank Transfer, you have to send the proof of payment to info@powermax.ph.

    IMPORTANT:  Proof of payment must be sent to info@powermax.ph. Failure to send the proof of payment to info@powermax.ph means the participants will not receive the webinar links even if the proof of payment is sent to other contact details of Powermax or its representatives (e.g., Facebook, Messenger, Viber, other email addresses, etc.).

    Payment Through PayPal
    If you choose to pay for your registration using PayPal you may do so. Please take note that PayPal also accepts Debit Cards and Credit Cards bearing the VISA and Mastercard logo. Unlike the Bank Deposit/Online Bank Transfer, the PayPal process automatically updates our system to issue the participants their access to our webinars. 

    Payment Through Over The Counter (OTC)
    You may also pay us through various OTC Over The Counter payment channels:

    1. 7 Eleven
    2. Bayad Center
    3. Cebuana Lhuillier
    4. ECPay
    5. LBC
    6. MLhuiller
    7. Robinsons
    8. Palawan pawnshop
    9. SM
    10. RD Pawnshop
    11. RuralNet
    12. Expresspay

    If you Checkout using a particular Over The Counter payment channel, our system will send a barcode to your registered email. You can take this barcode, show, and pay over the counter. Please note that if you generate a barcode through 7 Eleven you must pay only through any 7 Eleven branch. When payment is made, proof of payment is sent to your email for payment reference.

    WEBINAR ACCESS LINKS.  Once payment is made and verified, we can activate the spot on the webinar then we can send the webinar access links to the email addresses of the participants – this only goes with Bank Deposit/Online Bank Transfer.  However, for payments made using PayPal and OTC, the activation process is automatic. Note that your webinar access link cannot be shared with anyone else.  If you cannot attend on the date and time of the webinar kindly advise us at the latest one day ahead.

    POWER WEBINARS. Powermax live webinars are designed to give you an incisive insight into a plethora of interesting and relevant topics using Zoom technology. It aims to uncork the latest updates, best practices, useful strategies, and tactics, and/or practical tips and techniques not just to widen your horizon but also to equip you with the essential knowledge and skills. Hopefully, this will also encourage you to register for the other webinars of Powermax. Just visit our site – www.powermax.ph to see our other webinars.

    A PLEASANT WEBINAR EXPERIENCE

    To ensure a pleasant webinar experience, we recommend to registrants to:

    1. Download and install the Zoom application beforehand
    2. Ensure that there is a proper internet WIFI connection
    3. Use a working webinar streaming device.

    Thank you and enjoy!

    Keep safe and God Bless!