After the course, you will:

1. Gain an insight on the fundamental principles and concepts underlying resource valuation and income determination in business;
2. Explain the accounting process, structure accounting entries, and recognize basic lapses in transaction recording and financial reporting;
3. Appreciate the contents, purpose, usage, and limitations of financial statements, i.e., balance sheet, income statement, and cash flow statement  for decision-making purposes; and
4. Install basic internal controls to safeguard assets and maintain the integrity of the accounting and financial reporting process.

•  Accounting and financial reporting overview
  • Course coverage, objectives and format
  • Legal and functional forms of business organization
  • Conceptual framework of accounting and financial reporting
    • Basic accounting concepts, principles, terminologies
    • Financial reporting rules (PAS, PRFS, IAS, IFRS)
  • Exercises
• The accounting process
  • Essential components
    • Chart of accounts
    • Transaction media
    • Books of accounts
    • Financial statements
  • Double entry bookkeeping
  • The accounting cycle
  • The accounting process: Exercises and practical application
    • Transaction analysis
    • Journal entries
    • Ledger posting
    • Trial balance
    • Adjusting entries
    • Financial statement preparation
    • Closing entries
•  Basic financial statement analysis
  • Understanding financial statements: Format, contents, uses, limitations, variations
  • Critical information
  • Illustrative review of balance sheet, income statement and cash flow statement (as time permits)

Mr. Larry S. Esguerra IV is Director for Credit Programs at the Ateneo-BAP Institute of Banking, Program Director for Finance and Accounting at the Ateneo Center for Continuing Education and a Professor of Finance at the Ateneo Graduate School of Business. He is also Chief Financial Officer of a multinational construction and engineering firm and a diversified group of companies.

Mr. Esguerra has spent the greater part of his professional career in the financial services industry in the United States. Prior to his return to the Philippines, he was President and Chief Executive Officer of Golden Bay Federal Credit Union, a California-based, federally chartered credit union servicing the financial needs of military personnel and federal employees of the United States government. He also served as Vice President and Controller of Franklin Bank in Menlo Park, California; Associate Director of Capital Strategies Limited, a Hong Kong-based investment banking firm; and Resident Auditor of Citibank, N.A. in the Philippines.

Mr. Esguerra holds a Bachelors degree in accounting from the University of the Philippines and a Masters degree in Business Administration from the University of Phoenix. He is a Certified Public Accountant.