For CPA Review (Weekdays and Weekends)

Days Time Per hour

Instructor 1
FAR (Monday, Thursday & Saturday) 8:00am-11:00am 750
Auditing (Monday, Thursday & Saturday) 12:00nn-3:00pm 750
Instructor 2
MAS (Monday, Thursday & Saturday) 3:00pm-6:00pm 750
Instructor 3
Taxation (Wednesday, Friday & Sunday) 8:00am-11:00am 750
Instructor 4
RFBT (Wednesday, Friday & Sunday) 12:00nn-3:00pm 750
Instructor 5
AFAR (Wednesday, Friday & Sunday) 3:00pm-6:00pm 750
Total Per Services

For Tutorial ( Weekends only)

Days Time Per hour

Instructor 6
FAR Saturday 8:00am-10:00am
Auditing Saturday 10:00am-12:00nn 750
Instructor 7
MAS Saturday 8:00am-10:00am
Taxation Sunday 1:00pm-3:00pm 750
Instructor 8
RFBT Sunday 10:00am-12:00nn
AFAR Sunday 1:00pm-3:00pm 750
Total Per Services

TOTAL
ends)

(800 x 3hrs x 12days per month) =

Monthly Income Yearly

27,000 216,000
27,000 216,000

27,000 216,000

27,000 216,000

27,000 216,000

27,000 216,000
₱1,296,000

(800 x 4hrs x 8days per month) =

Monthly Income Yearly

24,000 192,000

24,000 192,000

24,000 192,000
₱576,000

₱1,872,000
 Payroll Schedule
DEDUCTIONS
SSS Premium Philhealth
Working Minimum Monthly Gross
Personnels No. Days Wages/Day Pay ER EE ER
Manager 1 26 537 13,962.00 1,120.00 560.00 162.50
Cashier 2 26 537 27,924.00 2,240.00 1,120.00 325.50
Accountant 1 26 537 13,962.00 1,120.00 560.00 162.50
Information 1 26 537 13,962.00 1,120.00 560.00 162.50
Librarian 1 26 537 13,962.00 1,120.00 560.00 162.50
Janitor 2 26 418 21,736.00 NA NA NA
Security Guard 1 26 460 11,960.00 NA NA NA
TOTAL 117,468.00 6,720.00 3,360.00 975.50
TOTAL PER YEAR 1,409,616.00 80,640.00 40,320.00 11,706.00

Employer's Contribution 112,451.28

Employee's Contribution 72,131.28
IONS
Philhealth PAG-IBIG Premium

Total Net
EE ER ER/EE Deductions Monthly Pay
162.50 279.24 279.24 1,001.74 12,960.26
325.50 558.48 558.48 2,003.48 25,920.52
162.50 279.24 279.24 1,001.74 12,960.26
162.50 279.24 279.24 1,001.74 12,960.26
162.50 279.24 279.24 1,001.74 12,960.26
NA NA NA NA 21,736.00
NA NA NA NA 11,960.00
975.50 1,675.44 1,675.44 6,010.44 111,457.56
11,706.00 20,105.28 20,105.28 72,125.28 1,337,484.00
 CEBB ACCOUNTING REVIEW CENTER TOTAL PROJECT COST FOR 3 MONTHS
Projected Cost FIXED ASSET ACQUISITION
Equipments
Quantity Unit Cost Total Cost Furniture and Fixtures
ASSETS Leasehold Improvement
Equipments: Total
Computer Set 5 30,000 ₱150,000 Cash Revolving Fund
Xerox Machine 1 25,000 ₱25,000 Pre-operating Expense
Television 1 9,000 ₱9,000 Business Requirements
Printer 3 2,179 6,537 Materials and Supplies
Router 1 1,899 1,899 Total
Projector Screen 4 2,099 8,396 Utilities
Projector 4 2,969 11,876 Electricity
Air Conditioner 12 16,000 176,000 Water
Rotator Fan 10 1,678 16,780 Wif
Telephone 3 695 2,085 Total
Microphone 4 350 1,400 Rent
Speaker 4 2,400 9,600 Professional Fees
Water Dispenser 3 1,000 3,000 Salaries and Wages
CCTV 4 1,000 4,000 Maintenance
Total ₱425,573.00 Advertising & Promotion
Miscellaneous
Total
Furnitures and Fixtures
Arm Chair 320 700 ₱224,000.00
Whiteboard 8 1,499 11992
Office Table w/ Draw 4 3,400 13,600
Office Chair 4 2,100 8,400
Gang Chair 2 2,400 4,800
Bookshelf 2 2,400 4,800
Steel Cabinet 4 1,000 4,000
Instructor's Table 4 1,269 5,076
Monoblock Chair 2 360 720
Total ₱277,388.00

Lease Improvements 70,000

Pre-operating expenses:
Business Requirements 21,700
Materials 10,000
Total:

Utilities
Electricity
Wif
Telephone
Water
Total

Rent 121,005

Promotion 2,000

Salaries
Professional Fees

Supplies:
Books
Auditing 20 500 10,000
AFAR 20 650 13,000
Taxation 20 600 12,000
RFBT 20 600 12,000
MAS 20 800 16,000
FAR 20 600 12,000
Other supplies 10,000
Total:

Maintenance 11,000

Miscellaneous 5,000

Total:
OJECT COST FOR 3 MONTHS

425,573
277,388
65,000
767,961
384,766

21,700
180,000
201,700

75,000
15,000
3,600
93,600
129,600
468,000
334,373
10,000
10,000
10,000
2,410,000
 EQUITY CAPITAL
NAME NO. OF SHARES PAR VALUE TOTAL CONTRIBUTION
Castillo, Nicole T. 6000 100 600,000.00
Estolloso, Clarissa P. 6000 100 600,000.00
Bantaculo, Sheina Mae A. 6000 100 600,000.00
Bebanco, Jerico Frank Alwyn A. 6000 100 600,000.00
24000 100 2,400,000.00
2400000
 CEBB Accounting Review Center
PROJECTED STATEMENT OF COMPREHENSIVE INCOME

2020 2021 2022 2023

Sales 5,298,970 5,828,867 6,411,753 7,052,929
Less: Cost of Sales
Materials and Supplies 180,000 207,000 238,050 273,758
Utilities expense (Schedule A) 375,588 431,926 496,715 571,222
Rent expense (Schedule B) 518,400 518,400 518,400 518,400
Miscellaneous expense 10,000 11,500 13,225 15,209
Permits and licences 21,700 21,700 21,700 21,700
Maintenance expense 10,000 10,000 10,000 10,000
Depreciation expense ( Schedule C) 153,592 307,184 460,777 614,369
Salaries and Wages 1,409,616 1,409,616 1,409,616 1,409,616
Professional Fees 2,112,000 2,112,000 2,112,000 2,112,000
Advertising and Promotion 10,000 10,000 10,000 10,000
Total 4,800,896 5,039,326 5,290,483 5,556,274
Income before tax 498,074 789,541 1,121,270 1,496,655
Income tax (30%) 149,422 236,862 336,381 448,997
Income after tax 348,652 552,679 784,889 1,047,659
 2024
7,758,222

314,822
656,905
518,400
17,490
21,700
10,000
767,961
1,409,616
2,112,000
10,000
5,838,894
1,919,328
575,798
1,343,530
 CEBB Accounting Review Center
PROJECTED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2020
Common Stock- par Retained Earnings Total
Balance, Jan 1, 2020 ₱2,400,000 ₱2,400,000
Net income 348,652 ₱348,652
Total ₱2,400,000 ₱348,652 ₱2,748,652
Less: Dividends 87,163 ₱87,163
Balance, Dec 31, 2020 ₱2,400,000 ₱261,489 ₱2,661,489

CEBB Accounting Review Center

PROJECTED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2021
Common Stock- par Retained Earnings Total
Balance, Jan 1, 2021 ₱2,400,000.00 ₱261,489 2,661,489
Net income 552,679 552,679
Total ₱2,400,000.00 ₱ 814,168.00 ₱ 3,214,168.00
Less: Dividends 138,170 138,170
Balance, Dec 31, 2021 ₱2,400,000.00 ₱ 675,998.25 ₱ 3,075,998.25

CEBB Accounting Review Center

PROJECTED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2022
Common Stock- par Retained Earnings Total
Balance, Jan 1, 2022 ₱2,400,000.00 ₱675,998 3,075,998
Net income 784,889 784,889
Total ₱2,400,000.00 ₱ 1,460,887.25 ₱ 3,860,887.25
Less: Dividends 196,222 196,222
Balance, Dec 31, 2022 ₱2,400,000.00 ₱ 1,264,665.00 ₱ 3,664,665.00

CEBB Accounting Review Center

PROJECTED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2023
Common Stock- par Retained Earnings Total
Balance, Jan 1, 2023 ₱2,400,000.00 ₱1,264,665 3,664,665
Net income 1,047,659 1,047,659
Total ₱2,400,000.00 ₱ 2,312,324.00 ₱ 4,712,324.00
Less: Dividends 261,915 261,915
Balance, Dec 31, 2023 ₱2,400,000.00 ₱ 2,050,409.25 ₱ 4,450,409.25

CEBB Accounting Review Center

 PROJECTED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2024
Common Stock- par Retained Earnings Total
Balance, Jan 1, 2024 ₱2,400,000.00 ₱2,050,409 4,450,409
Net income 1,047,659 1,047,659
Total ₱2,400,000.00 ₱ 3,098,068.25 ₱ 5,498,068.25
Less: Dividends 261,915 261,915
Balance, Dec 31, 2024 ₱2,400,000.00 ₱ 2,836,153.50 ₱ 5,236,153.50
 CEBB Accounting Review Center
PROJECTED STATEMENT OF CASH FLOW
FOR THE YEAR ENDED DECEMBER 31, 2020

CASH FLOWS FROM OPERATING ACTIVITIES 2020 2021

Net Income (Loss) 348,652 552,679
Adjustment to reconcile net income to net cash
Depreciation
Amortization
Changes in working capital
(Increase) Decrease in Current Assets
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Fixed Assets

CASH FLOWS FROM FINANCING ACTIVITIES

Investment of Incorporators
Drawings

NET INCREASE ( DECREASE) IN CASH

CASH AT THE BEGINNING OF THE YEAR
CASH AT THE END OF THE YEAR
 2022 2023 2024
784,889 1,047,659 1,343,530
 CEBB Accounting Review Center
PROJECTED STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED DECEMBER 31, 20xx
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
ASSET
Current assets
Cash
Total current assets
Non-current assets

Accumulated depreciation -
Total non-current assets
TOTAL ASSETS

LIABILITIES AND EQUITY

Current liabilities
Income tax payable
Total current liabilities
Non-current liabilities
Shareholder's Equity
Incorporator A
Incorporator B
Incorporator C
Incorporator D
TotalShareholder's Equity
TOTAL LIABILITIES AND
SHAREHOLDER'S EQUITY
 PROFITABILITY RATIO

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Gross Proft
Divide by: Sales
TOTAL
Multiply by: 100
Total Gross Profit Margin

Gross Proft
Less: Operating Expense
Total Operating Proft
Divide by: Sales
TOTAL
Multiply by: 100
Total Operating Profit Margin

Net Income
Divide by: Sales
TOTAL
Multiply by: 100
Total Net Profit Margin

Net Income
Divide by: Assets
TOTAL
Multiply by: 100
Total Return on Assets

Net Income
Divide by: Shareholder's Equity
TOTAL
Multiply by: 100
Total Return on Equity

LIQUIDITY RATIO

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Currents Assets
Divide by: Current Liabilities
Toal Current Ratio

SOLVENCY RATIO
 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
Net Income
Depreciation
TOTAL
Divide by: Liabilities
Total Solvency Ratio
Percentage
 CEBB Accounting Review Center
NET PRESENT VALUE TABLE

Year Net Cash Inflow PV Factor @ % Present Value of Cash Inflow

1
2
3
4
5
Total PCVI
Less: Cost of Investment
Net Present Value
 CEBB Accounting Review Center
INTERNAL RATE OF RETURN

YEAR 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

CF/ Initial Investment
Internal Rate of Return
TOTAL
 CEBB Accounting Review Center
PAYBACK PERIOD TABLE

Project cost
Year Cash Inflow Cumulative Cash Inflow
1
2
3
4
5
 CEBB Accounting Review Center
BREAKEVEN ANALYSIS

Fixed cost
Labor
Rent expense
Maintenance expense
Total

Sales

Variable cost
Materials
Overhead
Utilities expense
Miscellaneous expense
Total