Checklist for April 15

We summarized below the general documents required by the SEC and BIR from a stock corporation in relation to the submission of annual audited financial statements (FS) and corporate income tax returns (ITR): Cover sheet; Company title page; Statement of Management Report on FS; Statement of Management Report on ITR; Certificate of Compilation Services of Company’s CPA; Independent Auditor’s Report on FS (opinion, basis of opinion, responsibilities of Management, and auditor’s responsibilities); Face (SFP, SCI, SCE, and SCF); Notes to the FS; RR 15-2010 and RR 19-2011; Independent Auditor’s Report on SRC Rule No. 68; Independent Auditor’s Report on Supplementary … Continue reading Checklist for April 15

BIR accreditation requirements

Since we are currently registering our Firm in the regulatory agencies, one of the first things we need to secure is our BIR accreditation. For guidance, following are the full texts of the BIR regulations pertaining to BIR accreditation requirements for individual, GPPs, and incorporated entities: BIR Revenue Regulation No. 11-2006 BIR Revenue Regulation No. 14-2010 Continue reading BIR accreditation requirements

SEC Reportorial Requirements

The Securities and Exchange Commission (SEC) has issued a manual that specifies the (a) reports that should be submitted to the agency; (b) the filing period; (c) FS that are required to be audited or certified; (d) the format of these documents; and (e) other references. A. Reports for all SEC-Registered Corporations with Primary License General Information Sheet (GIS) – In 4 copies. GIS should be certified and sworn to by the corporate secretary. In the submission of GIS, the 30-day calendar period shall be counted from the date the annual stockholders’ meeting was actually held. Audited Financial Statements (AFS) stamped … Continue reading SEC Reportorial Requirements

Traders' Tool

While we were checking out videos about stock trading analysis, we’ve got a handful of  new and useful information (e.g. stock symbols, websites, trading psychology, essence of technical tools and techniques, etc.). One of which we are now heavily using and really helps us analyze stock performance is this website: https://fm.advfn.com/ No, it’s not virus if you think so! 🙂 Following is an excerpt: On the left side, the portal enables you to easily get the stock chart of a Company by entering the stock code on the search bar provided. Below it are options of time frames. On the right, … Continue reading Traders' Tool

Traders’ Tool

While we were checking out videos about stock trading analysis, we’ve got a handful of  new and useful information (e.g. stock symbols, websites, trading psychology, essence of technical tools and techniques, etc.). One of which we are now heavily using and really helps us analyze stock performance is this website: https://fm.advfn.com/ No, it’s not virus if you think so! 🙂 Following is an excerpt: On the left side, the portal enables you to easily get the stock chart of a Company by entering the stock code on the search bar provided. Below it are options of time frames. On the right, … Continue reading Traders’ Tool

Del Monte stocks analysis

If you are on the same boat with us, wondering if you should or should not invest in Del Monte, you may check the Company’s audited and unaudited financial statements thru this link as your first step of evaluation. As a recap, Del Monte Foods, Inc. (the North American food production and distribution company) was acquired by the Filipino multinational food and beverage company Del Monte Pacific Limited (DMPL) in an acquisition deal in 2014 that cost US$1.67 billion with $1.28 billion credit backing. Credit is split among (1) $350 million asset-based revolving credit facility; (2) $650 million, seven-year term loan B; … Continue reading Del Monte stocks analysis