FINANCIAL

REPORTING
Mary Jane G. Gangoso
 SSG FUNDS
SHALL APPLY
NOT SUBJECT TO
NON- PROFIT GOVERNMENT
AUDIT
TAX-EXEMPT

ACCOUNTIN
G
SSG FINANCES
SYSTEMS &
PRINCIPLES

RESTRICTED & STUDENT-RUN

NON-RESTRICTED
INCOME ITEMS

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KEY TRANSPARENCY
Everything shall be accounted

CONCEPTS
(Non-profit
Accounting
ACCOUNTABILITY
With great power comes greater responsibility
System)

INTEGRITY
Accuracy & Truth

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TRANSPARENCY
What shall be included in
the report?

 Income & Revenues

 Expenses

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 Income vs. Revenue:
Income are returns from all business transactions
(ie. fund-raising, t-shirt printing, donations)
Revenues are receipts from mandatory fees
(ie. membership fees, event contributions, etc)
DECLARING
I. Income and Revenues
AN
INCOME A. Income
Amount
ITEM T Shirt Printing Project P 4,000.00
Garbage Recycling Project 2,000.00
Sub-Total Income: P 6,000.00
B. Revenues

Membership Contributions
(P60.00 x 2,000 students) P 120,000.00
Sub-Total Revenues: P 120,000.00
TOTAL INCOME AND REVENUES: P 126,000.00
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TRANSPARENCY
What shall be included in
the report?

 Income & Revenues

 Expenses

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 Expenses:
Breakdown according to each ACTIVITY or INCOME ITEM
Exclude REVENUE ITEM

I. Expenses
DECLARING
A. General Expenses
AN Amount
Indirect Costs
EXPENSE Transportation (Annex A: Transportation) P 4,000.00
Food & Snacks (Annex B: Food & Snacks) 2,000.00
ITEM Communication (Annex C: Communication) 2,000.00
Utilities
Electricity (Annex D: Electricity) 200.00
Water ( Annex E: Water) 200.00
Internet ( Annex F: Internet) 1,000.00
Direct Costs
Purchases (Assets & Supplies, ie. Computer, Wall Clock) 1,000.00
Activities or Projects (Non IGP) 1,000.00
Sub-total General Expenses: P 11,400.00

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 Expenses:
Breakdown according to each ACTIVITY or INCOME ITEM
Exclude REVENUE ITEM

DECLARING I. Expenses

AN B. Activities/ Projects
EXPENSE Amount

ITEM T-Shirt Printing Expenses (Annex G: TShirt) P 4,000.00

Garbage Recycling (Annex H: Garbage Recycling) P 4,000.00
Sub-total Activities/ Project Expenses: P 9,400.00
TOTAL EXPENSES: P 9,400.00

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ACCOUNTABILITY
Who is responsible?

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Who prepares SSG PRESIDENT SSG COUNCIL
the report? Together with the Treasurer shall Will check the accuracy and integrity
prepare the report. of the report by assisting the
President.

The draft report shall be deliberated by

the SSG Council who will check the
accuracy and integrity of the report.
SSG ADVISER
Will ADVISE the SSG on how to come
The report will be presented to the up with Periodic Reports.
public through posting, publication or
during assembly.

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INTEGRITY
How important is a
Report?

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How important ERROR-FREE TRUTHFUL
is a report? Sometimes, we make No lies.
mistakes. An Financial
Report must be perfectly
FREE from any mistake.
Otherwise, you will be legally
ACCURATE
held accountable.
Follow the generally-
accepted formats.

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TYPES OF 1. Activity/ Project
REPORTS Report
2. Periodic (Monthly,
What types of reports Bi-monthly,
must be developed? Quarterly)
3. Year-end Report

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 “
Becoming an SSG Officer is a privilege
and along with it comes the benefit of
real leadership experience and life-
long memories.

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Workshop
1. IGP
Reporting

How to generate an
activity report?

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Generating an Using the provided template as your reference. Create a
report. Check for accuracy of report items.
IGP Project
Report

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 THANK
YOU
VERY
MUCH!

www.southeastasianinstitute.edu.ph
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