ACCCOB 2 PORTFOLIO

Reflection paper #4 presented to the Accountancy

Department

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In partial fulfillment of the course requirements in
ACCCOB 2 K31
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Dionisio, Benny H.
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Bautista, Francis S.
K31

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 Trade and other payables

Trade payables is a type of liability or obligation that the buyer needs to pay later on
for the goods or services received without paying firsthand at sight. If payment of trade
payables is due within one year or less, they are considered as current liabilities. On the
other hand, if they are not due for a short period of time, they are considered as
non-current liabilities.

2019

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2020

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Based on Jollibee’s 2019 financial statements, the trade and other payables is at
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P67,679,828. Which means that Jollibee reduced its current liabilities on the upcoming year
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2020 at P10M less. It’s a significant factor in determining that a company can pay off its
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current liabilities, and making investors satisfied. Concludingly, these are the liabilities that
can be easily paid by liquidating current assets in the process of daily operations. Current
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liabilities as stated above include trade payables, accounts payable, income taxes payable.
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Long term liabilities

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 Long-term liabilities or non current liabilities are financial obligations of a firm or
company that is due for more than a year in the future. When recording and placing into
account for these long term liabilities, they are separated from short term liabilities.

2019

2020

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First of all, to get the long term liabilities, you need to subtract total liabilities from
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the current liabilities in order to get the long term liabilities. So the long term liability for
Jollibee’s 2019 financial statement is P67,314,301, then for 2020 it will be P89,779,942. As
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you can see, Jollibee has increased its long term liabilities in its portfolio for the purpose of
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gaining additional investments. Another reason is to bring in debt instruments to fund new
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projects, proposals, and expansions.

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Share capital
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The money a company raises by issuing common or preferred stock is referred to as

share capital. With additional public offerings, a company's share capital or equity

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 financing can change over time. Depending on the context, the term "share capital" can
mean a variety of things. Accountants have a much more limited definition, which they
apply to public company balance sheets. It refers to the total amount of money raised by the
company through stock sales. As seen above, during the 4 year trend, share capital of the
JFC increases over time. An increase in the capital stock causes an increase (rightward shift)
of both aggregate supply curves. A decrease in the capital stock causes a decrease (leftward
shift) of both aggregate supply curves.

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