Jeth A.

Mahusay BSA-3 MAJOR OUTPUT 3 (BSA 416)

Prob. 14-A.
Cash- treasury deposit, regular 1,050,000
Subsidy from NG 1,050,000

Subsidy from NG 43,000

Cash- treasury deposit, regular
B.
Cash- collecting officer 50,000
Subsidy from National Government 50,000

C.
Cash- treasury deposit, regular 240,000
Subsidy from National Government 240,000

D.
Cash- treasury deposit, regular 140,000
Subsidy from National Government 140,000

E.
Salaries and Wages 60,000
Due to GSIS 20,000
Due to Philhealth 20,000
Due to PAG-IBIG 20,000

F.
Personnel Services 90,000
Maintenance and other operating activities 20,000
Purchase of inventories 10,000
Purchase of office equipment 20,000
Due to BIR 20,000
Inter-agency payable 120,000
G.
Office supplies 20,000
Accounts payable 20,000

Req. C
STATEMENT OF CHANGES IN EQUITY
For the year ended December 31, 2012

Accumulated Surplus
2012 2011
Balance at Jan.1 2,765,000 2,243,000
Add/(Deduct):
 Other adjustments 1,723,000
Restated balance 4,488,000
Add/(Deduct):
Changes in Equity
Surplus for the period -333,000 -160,000
Adjustments of net revenue 1,637,000 290,000
Balance at December 31 5,792,000 2,373,000

Prob.14-4
1. C
R OUTPUT 3 (BSA 416) Req. A
COMPARATIVE STATEMENT OF FINANCIAL POSITION
As at 31/12/2012

2012
ASSETS
43,000 Current Assets
Cash and cash equivalents 30,000
Receivables 115,000
Inventories 20,000
Total current assets 165,000

Non-current assets
Property,plant, equipment 580,000
Total non-current assets 580,000
Total assets 745,000

LIABILITIES
Inter-agency payable 120,000
Others payable 190,000
Total liabilities 310,000

Total assets less total liabilities

NET ASSETS 435,000

Accumulated surplus 435,000

Req. B

STATEMENT OF FINANCIAL PERFORMANCE

For the year ended December 31, 2012
2012 2011
REVENUE
Tax revenue 50,000 40,000
Service and business income 240,000 192,000
TOTAL REVENUE 290,000 232,000

Less: current operating expenses

Personnel services 400,000 319,000
Maintenance and other operating expenses 430,000 344,000
Non-cash expenses 55,000 40,000
Total current operating expenses885,000 703,000

Surplus from current operations595,000 471,000

Subsidy 1,050,000 934,000
Accumulated surplus -333,000 -160,000
 Losses -122,000 -303,000
Surplus for the period 595,000 471,000

Req. D

STATEMENT OF CASH FLOW

For the year ended December 31, 2012
Cash flow from operating activities 1,050,000
Receipt of Notice Cash Allocation 50,000
Collection of Income 200,000
Collection of Receivables 1,300,000
Total Cash inflows

Remittance to National Treasury 250,000

Payment of expenses 830,000
Payment of Accounts Payable 110,000
Total Cash Outflows 1,190,000

Net cash provided by Operating Activities 2,490,000

Cash Flows from investing activities
Proceeds from sale of disposal of P.P.E 1,560,000
Receipt of Cash Dividends 1,167,000
Total Inflows 2,727,000

Net cash provided by investing activities 2,727,000

Increase in cash and cash equivalents 180,000
Cash and cash equivalents , Jan.1 30,000
Cash and cash equivalents 210,000
 Req. E
NANCIAL POSITION STATEMENT OF COMPARISON OF BUDGET AND
For the year ended December 3

2012 2011 Particulars

RECEIPTS
30,000 30,000
115,000 80,000 Tax Revenue
20,000 Service and Business Income
165,000 110,000 Total Receipts

PAYMENTS
580,000 310,000 Personnel Services
580,000 310,000 Maintenance and other operating expenses
745,000 420,000 Capital outlay
Total Payments
NET RECEIPTS
120,000
190,000 87,000
310,000 87,000 Req. F

Receivable
435,000 333,000
435,000 333,000 Accounts Receivable
Allowance for impairment - A/R
NET

ERFORMANCE
ber 31, 2012 Inter-agency Payable
2012
Personnel Services 90,000
Purchase of inventories 10,000
TOTAL 100,000

Personnel Services
2012
Salaries and Wages 308,000
PERA 20,000
TOTAL 400,000

Non-Cash expense
2012
 Depr. Bulding and other structures 30,000
Depr. Equipment and Machinery 20,000
Impairment loss- loans and receivables 5,000
TOTAL 55,000

MENT OF CASH FLOW

ended December 31, 2012
PARISON OF BUDGET AND ACTUAL AMOUNTS
e year ended December 31,2012

Budgeted AmountsActual Amounts comparable basis Difference Final Budget and Actual
Original Final

40,000 40,000 50,000 -10,000

260,000 260,000 200,000 60,000
300,000 300,000 250,000 50,000

420,000 420,000 400,000 20,000

480,000 480,000 450,000 30,000
300,000 300,000 320,000 -20,000
1,200,000 1,200,000 1,170,000 30,000
1,500,000 1,500,000 1,420,000 80,000

Property, Plant and Equipment

2012 2011 2012 2011
120,000 80,000 Buildings 800,000 800,000
-5,000 Equipment 660,000 340,000
115,000 80,000 Total Cost 1,460,000 1,140,000

Accum. Depr. -Buildings680,000 650,000

Accum. Depr. -Equipment 200,000 180,000
2011 Total Accum. Depr. 880,000 830,000

Total book value- buildings 120,000 150,000

Total book value- equipment 460,000 160,000

Total Book Value 580,000 310,000

2011
303,000 Maintenance and other operating expenses
16,000 2012 2011
319,000 Office supplies expense 130,000 104,000
Water expenses 20,000 16,000
Electricity expenses 60,000 48,000
Telephone expenses 40,000 32,000
2011 Janitorial expenses 80,000 64,000
24,000 Security expenses 100,000 80,000
16,000 TOTAL 430,000 344,000

40,000
dget and Actual

00
0
00

0
0
00
00
00