Keytodac Coffee Growers Association (KCGA) and Kalamansig Farmers Agricultural Development and Marketing Association (KFADMA) participated in the Financial System Installation Workshop conducted through the SOLARES project. Ms. Phoebe Montefalcon, CPA assisted by Ms. Donna Funticha both from the PP Montefalcon Accounting Service shared their expertise to the associations in terms of improving their financial documentation in the 2-day workshop last February 27-28, 2020 at the Q Citi Park Hotel, General Santos City.
Sessions consisted of lectures, exercises, and workshop. Ms. Montefalcon discussed introduction of accounting, accounting elements, books of accounts, and the accounting cycle. The participants filed out sample source documents and posted in book of accounts. The participants prepared a trial balance, worksheet and financial statement. Ms. Montefalcon and Ms. Funticha assisted and assessed their outputs and offered guidance in the preparation.
Regardless of their educational attainment and work experience, participants shared the ease of learning because of how the workshop was packaged specific to operations of their associations, and examples of application in their context.
Mr. Stefan Babera from Peace and Equity Foundation (PEF) facilitated the workshop. Mr. Jobe Tubigon, SOLARES project manager, provided insight in his opening remarks on the need for and advantages of proper financial documentation. Ms. Shunie Palacios (PEF) provided clarification and assistance to the associations and thanked both resource speakers and participants to a successful workshop.