Financial Statement
 written records that convey the business activities and the
financial performance of a company
 audited by government agencies, accountants, firms, etc.
 used by investors, market analysts, and creditors to evaluate a
company's financial health and earnings potential
Balance sheet
 is a financial statement that reports a company's assets,
liabilities, and shareholder equity.
 It provides a snapshot of a company's finances (what it owns
and owes) as of the date of publication.
o Asset
 Cash and cash equivalents - refers to the line item on
the balance sheet that reports the value of a company's
assets that are cash or can be converted into cash
immediately
o liquid assets, which may include Treasury bills
and certificates of deposit.
 Accounts Receivable - the amount of money owed to
the company by its customers for the sale of its product
and service that have been delivered or used but not yet
paid for.
 Inventory
o Liabilities
 Debt including long-term debt - total amount of long-
term debt that must be paid within the current year
o Current liabilities - are those a company incurs
and pays within the current year, such as rent
payments, outstanding invoices to vendors, payroll
costs, utility bills, and other operating expenses
o Long-term liabilities - include loans or other
financial obligations that have a repayment schedule
lasting over a year.
 Wages Payable - wages that a company's employees
have earned, but have not yet been paid
o Shareholders’ Equity - is a company's total assets
minus its total liabilities
o represents the amount of money that would be
returned to shareholders if all of the assets were
liquidated and all of the company's debt was
paid off.
 Retained Earnings - are part of shareholders' equity
and are the amount of net earnings that were not paid to
shareholders as dividends.
Income Statement
 covers a range of time, which is a year for annual financial
statements and a quarter for quarterly financial statements.
 The income statement provides an overview of revenues,
expenses, net income, and earnings per share.
 Operating Revenue- is the revenue earned by selling a
company's products or services
 Non-operating revenue - income earned from non-core
business activities
o Interest earned on cash in the bank
o Rental income from a property
o Income from strategic partnerships like royalty
payment receipts
o Income from an advertisement display located
on the company's property
Debt VS Payable
 Debt - an amount owed for funds borrowed.
 Accounts Payable - a company's obligation to pay off a short-
term debt to its creditors or suppliers
Earnings Before Interest and Taxes
 indicates the company’s profit before it pays interest and
taxes
 It represents the company’s actual operating profit and its
ability to produce income
 Expenses – Revenues = EBIT
 This indicates the actual amount of money a company earned
before paying required expenses, which are taxes and
interest.
Earnings Per Share
 is calculated as a company's profit divided by the
outstanding shares of its common stock
Cash
 currency or coins—that can be used to exchange goods, debt,
or services. Sometimes it also includes the value of assets
that can be easily converted into cash immediately, as
reported by a company.
Restricted Cash
 refers to money that is held for a specific purpose and thus
not available to the company for immediate or general
business use; is not freely available for a company to spend
or invest
Unrealized Gains
 is an increase in the value of an asset, such as a stock
position or a commodity like gold, that has yet to be sold for
cash.
 A gain becomes realized once the position is sold for a
profit.
 It is possible for an unrealized gain to be erased if the asset's
value drops below the price at which it was bought.
Treasury Shares
 previously outstanding stock that is bought back from
stockholders by the issuing company.
 The result is that the total number of outstanding shares on
the open market decreases.
 These shares are issued but no longer outstanding and are
not included in the distribution of dividends or the
calculation of earnings per share (EPS)
Bad Debt
 is an expense that a business incurs once the repayment of
credit previously extended to a customer is estimated to be
uncollectible and is thus recorded as a charge off.
 is a contingency that must be accounted for by all businesses
that extend credit to customers, as there is always a risk that
payment won't be collected.
 businesses that extract natural resources from the earth—such
as timber, oil, and minerals.
2 methods of Cash flow

Statement of Changes in Equity

 is a reconciliation of the beginning and ending balances in a
company’s equity during a reporting period.
 It is not considered an essential part of the monthly financial
statements, and so is the most likely of all the financial
statements not to be issued. However, it is a common part of Accrued Revenue and Deferred Revenue
the annual financial statements.  Deferred revenue is the portion of a company's revenue that
Bank Statement has not been earned, but cash has been collected from
customers in the form of prepayment.
 is a document (also known as an account statement) that is
 Accrued expenses are the expenses of a company that have
typically sent by the bank to the account holder every month,
been incurred but not yet paid.
summarizing all the transactions of an account during the
month. Bank statements contain bank account information,
such as account numbers and a detailed list of deposits and
withdrawals.
Capital Expenditures (CapEx)
 are funds used by a company to acquire, upgrade, and
maintain physical assets such as property, plants, buildings,
technology, or equipment.
 CapEx is often used to undertake new projects or investments
by a company.
 Making capital expenditures on fixed assets can include
repairing a roof, purchasing a piece of equipment, or building
a new factory. This type of financial outlay is made by
companies to increase the scope of their operations or add
some economic benefit to the operation.
Market Value
 Market value is the price an asset fetches in the market and is
commonly used to refer to market capitalization.
 Market values are dynamic in nature because they depend on
an assortment of factors, from physical operating conditions to
economic climate to the dynamics of demand and supply.
Amortization and Depreciation
 Amortization and depreciation are two methods of calculating
the value for business assets over time.
 A business will calculate these expense amounts in order to
use them as a tax deduction and reduce its tax liability.
 Amortization is the practice of spreading an intangible asset's Accumulated depreciation vs Depreciation expense
cost over that asset's useful life.
 Depreciation is the expensing of a fixed asset over its useful  Depreciation is used on an income statement for almost
life. every business. It is listed as an expense, and so should
 A third method for expensing business assets is the depletion be used whenever an item is calculated for year-end tax
method, which is an accrual accounting method used by
 purposes or to determine the validity of the item for
liquidation purposes.

 Accumulated depreciation is usually not listed

separately on the balance sheet, where long-term assets
are shown at their carrying value, net of accumulated
depreciation. Since this information is not available, it
can be hard to analyze the amount of accumulated
depreciation attached to a company's assets.

FACTSET

1. Tell me about yourself

I’m Vhea Mae Lusterio 23 years old. I live in Mandaluyong City. I graduated in Far Eastern University-Makati with a
bachelor’s degree in accounting technology. When it comes to work, I consider myself hardworking, reliable and honest.

2. What is your strength and weaknesses?

I believe my strongest trait is that I can work under pressure. I know what to prioritize and manage my time to finish my work
daily. And my weakness is that I am not comfortable with public speaking but working or exposing myself with other people in
the workplace, it helped me build my confidence and taught me the importance of being a good communicator.

3. Why did you leave your previous job?

I’ve learned a lot in my previous role, but now I’m looking for a new opportunity to challenge myself and to expand my
knowledge and gain a new skill set which is I see the potential for in this job.

4. Why should we hire you?

I am both team player and team leader which is right combination to deliver the work efficiently. If given the opportunity, I
believe I can be an asset to the company by producing my quality in a timely and effective manner.

5. Where do you see yourself in 3-5 years from now?

I see myself working in a company as a valued employee and be in a better position through my hard work.

6. What is your knowledge about FactSet?

FactSet creates flexible, open data and software solutions for tens of thousands of investment professionals around the world,
providing instant access to financial data and analytics that investors use to make crucial decisions.

7. What is the role of Research Analyst?

 Collect, analyze and process financial market data from various data sources and into the database utilized by the team.
 Focus and ensure that the integrity of the company's financial market information is intact.
 Provide timely, accurate and reliable demographic and statistical financial market data on internal database and to
internal/external clientele.
 Fix the audit resolutions and recommendations coming from QC\Policy team based on specific guidelines.
 Fulfill the research/analytical/ market study needs as and when required/ requested by the external clients in order to
procure and retain future/current business.
 The job also involves reporting and maintaining records of work done on a timely basis.
 Share Ideas and Best Practices from a Process Improvement perspective.

8. What is your greatest achievement in Life?

My greatest achievement in life was being able to improve the work process in my previous job and handle employees when
our boss is not around. The trust that was given to me by my boss to dispatch our employees, to coordinate with the clients and
suppliers is a big opportunity for me. By that, I was able to know myself more than I thought I wouldn’t be able to do it.
 AVIDA LAND CORP.

1. Tell me about yourself

I’m Vhea Mae Lusterio 23 years old. I live in Mandaluyong City. I graduated in Far Eastern University-Makati with a
bachelor’s degree in accounting technology. I love watching tv series, playing volleyball and dogs. When it comes to work, I
am very dedicated, hardworking, reliable and honest.

2. What is your strength and weaknesses?

I believe my strongest trait is that I can work under pressure. I know what to prioritize and manage my time to finish my work
daily. And my weakness is that I am not comfortable with public speaking but working or exposing myself with other people in
the workplace, it helped me build my confidence and taught me the importance of being a good communicator.

3. Why did you leave your previous job?

I’ve learned a lot in my previous role, but now I’m looking for a new opportunity to challenge myself and to expand my
knowledge and gain a new skill set which is I see the potential for in this job.

4. Why should we hire you?

I am both team player and team leader which is right combination to deliver the work efficiently. If given the opportunity, I
believe I can also be an asset to the company by producing my quality in a timely and effective manner.

5. Where do you see yourself in 3-5 years from now?

I see myself working in a company as a valued employee and be in a better position through my hard work.

6. What do you know about Avida Land Corp.?

Avida is one of the well-known properties especially when it comes to condominiums and residential wherein, they provide
well-designed homes in strategic locations where convenience and comfort are combined.

7. What is the role of Tax Compliance Specialist?

 Prepares timely and accurate compliance to tax requirements with tax expenses and tax-based assets/liabilities are properly
recorded in the financial records
 Generates timely and accurate filing of corporate tax returns and other business-related filings
 Oversee implementation of strategic tax planning by identifying areas of tax risks/exposures as well as areas of tax savings
efficiencies
 Annual processing of business permit renewal
 Assists tax auditors and /or consultants with respect to tax audits and assessments
 Implements process improvements relating to taxation and regulatory compliance

8. What is Tax?
 Taxes are the enforced proportional contributions from persons and property levied by the law-making body of the State
by virtue of its sovereignty for the support of the government and all public needs.
 By imposing taxes on goods and services, the government can discourage unnecessary consumption and production
and ensure that resources are used more efficiently.
 The Philippines uses taxes to redistribute income and wealth in the society.

9. What is your greatest achievement in Life?

 My greatest achievement in life was being able to improve the work process in my previous job and handle employees when our
boss is not around. The trust that was given to me by my boss to dispatch our employees, to coordinate with the clients and
suppliers is a big opportunity for me. By that, I was able to know myself more that I thought I wouldn’t be able to do it.

MSG GLOBAL SOLUTIONS INC.

1. Tell me about yourself

I’m Vhea Mae Lusterio 23 years old. I live in Mandaluyong City. I graduated in Far Eastern University-Makati with a
bachelor’s degree in accounting technology. I love watching tv series, playing volleyball and dogs. When it comes to work, I
am very dedicated, hardworking, reliable and honest.

2. What is your strength and weaknesses?

I believe my strongest trait is that I can work under pressure. I know what to prioritize and manage my time to finish my work
daily. And my weakness is that I am not comfortable with public speaking but working or exposing myself with other people in
the workplace, it helped me build my confidence and taught me the importance of being a good communicator.

3. Why did you leave your previous job?

I’ve learned a lot in my previous role, but now I’m looking for a new opportunity to challenge myself and to expand my
knowledge and gain a new skill set which is I see the potential for in this job.

4. Why should we hire you?

I am both team player and team leader which is right combination to deliver the work efficiently. If given the opportunity, I
believe I can also be an asset to the company by doing my work quality in a timely and effective manner.

5. Where do you see yourself in 3-5 years from now?

I see myself working in a company as a valued employee and be in a better position through my hard work.

6. What is your greatest achievement in Life?

My greatest achievement in life was being able to improve the work process in my previous job and handle employees when our
boss is not around. The trust that was given to me by my boss to dispatch our employees, to coordinate with the clients and
suppliers is a big opportunity for me. By that, I was able to know myself more than I thought I wouldn’t be able to do it.

7. What is MSG?
MSG primarily serve insurers and reinsurers in all lines of business. MSG Global Solutions is part of msg, an independent,
international group of companies with more than 9000 employees around the world.