Audit Program - INVENTORIES

Financial Statemen

Audit Objectives: E/O C

• All inventories included on the balance sheet are held by the entity or by others for the entity. P

• All inventories owned by the entity at the balance sheet date are included on the balance sheet. P

• Inventories are carried at the lower of cost or market value. The cost and market
determinations are appropriate, including adequate provisions for excess, slow-moving,
obsolete, and damaged goods, and for losses on purchase and sales commitments.

• The entity owns, or has a legal right to, all the inventories on the balance sheet. All inventories
are free of liens, pledges, or other security interests are identified.
• Inventories are properly classified, described, and disclosed in the financial statements,
including notes, in conformity with prescribed accounting principles.

Assertions:
Existence or Occurrence, Completeness, Rights and Obligations, Valuation or Measurement, Presentation and Disclosure

Audit Procedures to Consider

Assertions Check if item

addressed by is applicable
the procedure W/P Ref. Remarks

[O,P] Physical Inventory Observation

General 1. Review and determine the adequacy of the instructions and
other written materials concerning the counting of inventories,
the recording of inventory transactions near the count date, F
and the identification of obsolete or damaged items.

E 2. Observe the counting of physical inventories and complete

count procedures as of December 31, 2022 N/A
E, C 3. Perform tests of the client’s counts (from floor to recorded
counts and vice versa) and record at least counts.
Concentrate test counts on the high-cost items
supplemented, if necessary, by a representative sample. N/A
Follow up on any differences and consider whether more
extensive test counts are required.

E, C 4. Determine that count tags, sheets, or cards are properly

controlled. Record selected information relating to tags,
sheets, or cards that are used, partially used, unused, and
voided for later comparison to the physical inventory
N/A
compilation.

E, C 5. Obtain shipping and receiving cutoff information.

E, C, R&O 6. Confirm or examine inventories held by others and N/A
E, V 7. inventories held and
Through inquiry by the client for others
observation, at thepossible
document physical
inventory date.
obsolete, damaged, slow-moving, or excess inventory items.
Compilation of Physical Inventory
E, C 8. Trace test counts and confirmations to the final inventory
listing. N/A
V 9. Test the clerical accuracy of the inventory compilation by
recomputing extensions and footings as deemed necessary. N/A
E, C, V 10. Test the compilation of the final inventory listing for items
greater than by vouching quantities in the final inventory
listing to physical inventory tags or original source N/A
documents.

C 11. Trace the cutoff information obtained during the physical

observation to the accounting records. F1
E, C, V 12. Verify that the information gathered during the physical
inventory observation regarding inventory tags, sheets, or
cards that were used, partially used, unused, and voided is
accurately reflected in the inventory compilation (i.e., no
N/A
items have been added, deleted, or changed).

E, C, V 13. Review the book-to-physical reconciliation. Investigate large

differences (greater than ) and unusual items. N/A

Inventory Valuation and Other Procedures

E, C, V 14. Summarize inventories by category and compare with prior
periods. Investigate unexpected (or lack of expected)
changes.
V 15. Based on our understanding of the company’s inventory
components and production processes (see SB-14), and our
understanding of the company’s cost accounting system and
inventory costing method(s), determine appropriate price test
procedures for raw materials, work-in-process, and finished
goods inventories. (Refer to the SCP Audit Process for
procedures to consider to modify or supplement those
included below.)

V 16. Perform a raw materials price test by selecting key items and,
if necessary, a representative sample using random
sampling. Vouch the cost to applicable vendor invoices (e.g.,
most recent invoices if the FIFO method is used).

V 17. Test the pricing of work-in-process inventory by multiplying

the stage of production by the total cost for comparable
finished goods. Review the stage of production for
reasonableness. If considered necessary:

a) Test material cost by reference to the results of our

raw material price test procedures or by examination
of vendor invoices.
b) Test the reasonableness of labor in work-in-process
by reference to the labor component of comparable
finished goods, or support labor charged to work-in-
process by reference to time cards and approved
labor rates.

c) Test the application of overhead to work-in-process.

V 18. For finished goods:
a) Test material cost by reference to the results of our
raw material price test procedures or by examination
of vendor invoices.
b) Test the labor component by reference to time cards
and approved labor rates.
c) Test the application of overhead to finished goods.
V 19. Test the calculation of the overhead rate.
V 20. If necessary, test the details of the cost build-ups for work-in-
process and finished goods by reference to bills of material,
work orders, or other manufacturing documentation.
V 21. 21. For standard cost systems:
a) Determine the company’s policy regarding changes in
standards and review recent changes in standards for
reasonableness.
b) Review variance accounts and determine whether
adjustments are necessary to the inventory accounts.
 E, C, V 22. Perform analytical procedures as follows:
a) Compare current year's gross margins (by month, by
location, and by product line) with prior years.
b) Compute inventory turnover and compare with prior
years.
c) Compare sales, cost of sales and units shipped with
prior years.
d) Compare unit prices for inventory items with prior
years.
e) Compare the average actual unit cost charged to cost
of sales during the year by product line with the costs
used to price year-end inventory.
f) Compare the relationship of actual labor and overhead
costs to materials put into production with the same
relationship in ending inventory. Compare with prior
years. (Depending on the significance of labor and
overhead in work-in-process and finished goods, this
procedure may be an effective and efficient alternative
to steps #17 b and c and #18 b and c.)

V 23. Review the valuation at cost to determine if a write-down is

necessary to properly state inventories at the lower of cost or
market.
E, V 24. Review the inventory and cost of sales accounts in the
general ledger and investigate any unusual items.
R&O, P&D 25. Review bank and debt confirmation replies, minutes,
contracts, and other documents for evidence of liens,
pledges, or other security interests in inventories. Determine
that necessary disclosures are made.

V 26. Evaluate the adequacy of the provision for excess, obsolete,

slow-moving, or damaged inventory as follows:
a) Trace items identified as excess, obsolete or slow-
moving during the physical observation to listings of
such items prepared by the client.
b) Compare current period allowance, write-offs, and
related expense to prior year amounts. Compare
current year write-offs as a percentage of inventory
and cost of sales to prior year amounts and
investigate unexpected changes.

c) Select items greater than and/or items with the

following characteristics: from the final inventory
listing to identify possible excess, obsolete, or slow-
moving inventory. Compare the quantity on hand to
units sold or produced during the year, or quantities
estimated to be sold based on forecasts.

d) Conclude on the adequacy of the allowance.

E, C, V, R&O 27. Inquire as to any bill-and-hold transactions. Confirm

significant transactions with the customer, including the
details of all underlying facts. Evaluate the substance of the
transaction(s) and determine that all required conditions have
been met for recording a sale.

E, C, V, R&O 28. Inquire as to any consignment inventory arrangements.

Confirm significant arrangements with the customer. Review
the company’s procedures for recognizing revenue on
consignment arrangements, and test the propriety of any
revenue recognized.

29.

Form no. F1/WI-032-QSP-7.5.1 Issue date: December 1, 2007 Effective date: December 1, 2007 For the year: 2008 Rev. no. 0
 Financial Statement Assertions
R&O V/M P&D

ement, Presentation and Disclosure

Auditor Sign-Off

Prepared by: Reviewed by: Reviewed by:

Company Name: CW Marketing and Development Corporation
Engagement Period: December 31, 2023
Prepared by: Bernadette D. Orcine
Prepared on: April 8, 2024

INVENTORY ROLL FORWARD - COST OF GOODS SOLD RECOMPUTATION (Outri

NOT UPDATED
Objective:
Accuracy & Valuation To determine that the Ending Inventory & Cost of Goods Sold were computed
accurately based on its corresponding supporting documents.

Nature:
Tests were performed towards the Clients computation of Cost of Goods Sold to establish auditors' reliance towards
the computation. Other WPs shall be tied up with the amounts in these computation.

Sources:
Client's computation of Cost of Goods Sold.

Selection Method:
Entire asset under Inventories of the Client

Audit Procedures:
i Obtain a computation of Cost of Goods Sold from Client.
ii Tied up the amount of Cost of Goods Sold with the records.
iii Verified the mathematical accuracy of the inventory listings

Beginning inventory #REF!

Purchases #REF!
Goods available for sale #REF!
Ending inventory #REF!
Cost of Goods Sold 3,835,970,801.84

Ending Inventory
Trade #REF!
Clearing and others #REF!
Non-trade
Allowance for Inventory Losses #REF!
#REF!

Allowance for inventory losses

Beg balance #REF!
Charged to cost of sales #REF!
#REF!

Legend of Tickmarks:
Inv-BIR Footed to filed Ending Inventory to BIR, amount does not include non-trade inventory
AFS-2021 Footed to previous year audited financial statements, matched with PY Trial Balance
Findings:
No material mistatement

Conclusion:
Account is fairly stated
 Reference:
PM 12,500,000.00
TE 6,562,500.00 Reviewed by:
1/3 of TE 2,187,500.00 Reviewed on:
SAD 625,000.00
ECOMPUTATION (Outright)

reliance towards

AFS-2021
Squeeze method

Inv-BIR
Leadsched T,COS

ude non-trade inventory

d with PY Trial Balance
Reference: C

Reviewed by:
Reviewed on:
Company Name: CW Marketing and Development Corporation
Engagement Period: December 31, 2023
Prepared by: Bernadette D. Orcine
Prepared on: April 8, 2024

Objective:
Completeness &
Cut-off To determine that inventory listings are accurately complied and inventory quantities include all items on h

Nature:
Test was designed to check whether all the inventories on transit was included in the list through checking the delivery receipts

Sources:
General Ledgers
Vouchers

Selection Method:
Random Transactions (See F2.1/F2.2)

Audit Procedures:
i Obtain general ledger for December 2022 and January 2023
ii Random selection of 40 purchases using randomizer org.
iii Verify the documents of the selected purchases.
iv Checked if the purchase was recorded on the right period.
v Investigate noted exceptions.

Timing of Recording:The Company records the inventory upon receipt of the goods.

Last month of 2022 - F2.1

No. Reference Date Recorded

1 PD 118700537 12/2/2022
2 PD 118700787 12/6/2022
3 PD 118700858 12/7/2022
4 PD 118700867 12/7/2022
5 PD 118701243 12/13/2022
6 PD 118701383 12/15/2022
7 PD 118701413 12/15/2022
8 PD 215148903 12/1/2022
9 PD 215148921 12/2/2022
10 PD 215149287 12/10/2022
11 PD 215149307 12/10/2022
12 PD 308062440 12/15/2022
13 PD 512626521 12/6/2022
14 PD 512626663 12/10/2022
15 PD 512626844 12/15/2022
16 PD 815121090 12/8/2022
17 PD 815121092 12/8/2022
18 PD 815121153 12/10/2022
19 PD 815121419 12/16/2022
20 PD 938042849 12/8/2022

First Month of 2023- F2.2

No. Reference Date Recorded

1 PD 118702209 1/10/2023
2 PD 118702617 1/17/2023
3 PD 118702750 1/19/2023
4 PD 118702832 1/20/2023
5 PD 118702835 1/20/2023
6 PD 118703245 1/26/2023
7 PD 215150555 1/20/2023
8 PD 215150559 1/20/2023
9 PD 215150688 1/23/2023
10 PD 308062765 1/17/2023
11 PD 512627257 1/4/2023
12 PD 512627671 1/19/2023
13 PD 512627733 1/19/2023
14 PD 815121789 1/4/2023
15 PD 815122586 1/21/2023
16 PD 815122592 1/21/2023
17 PD 815122605 1/21/2023
18 PD 815122716 1/24/2023
19 PD 938043589 1/20/2023
20 PD 938043661 1/23/2023

Note:
Yes Recorded on proper period

Findings:
No material mistatement noted.

Conclusion:
Inventory were recorded on proper period.
 PM
TE
1/3 of TE
SAD
CUT-OFF TEST OF INVENTORY
NOT UPDATED

gs are accurately complied and inventory quantities include all items on hand and in transit

ansit was included in the list through checking the delivery receipts

er 2022 and January 2023

using randomizer org.
ed purchases.
ded on the right period.

ventory upon receipt of the goods.

Offset Account Description

Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 117-001
Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 183-001
Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 183-001
Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 183-001
Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 140-001
Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 183-001
Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 128-001
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) Goods Receipt PO - 117-002
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) Goods Receipt PO - 117-002
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) Goods Receipt PO - 183-002
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) Goods Receipt PO - 183-002
Accounts Payable Clearing Account (PHD, HO, STANDARD ) Goods Receipt PO - 117-003
Accounts Payable Clearing Account (AHD, HO, STANDARD ) Goods Receipt PO - 183-005
Accounts Payable Clearing Account (AHD, HO, STANDARD ) Goods Receipt PO - 154-005
 Accounts Payable Clearing Account (AHD, HO, STANDARD ) Goods Receipt PO - 117-005
Accounts Payable Clearing Account (CWHD, HO, STANDARD) Goods Receipt PO - 290-008
Accounts Payable Clearing Account (CWHD, HO, STANDARD) Goods Receipt PO - 290-008
Accounts Payable Clearing Account (CWHD, HO, STANDARD) Goods Receipt PO - 183-008
Accounts Payable Clearing Account (CWHD, HO, STANDARD) Goods Receipt PO - 154-008
Accounts Payable Clearing Account (ICHD, HO, STANDARD) Goods Receipt PO - 154-011

Offset Account Description

Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 186-001
Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 140-001
Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 183-001
Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 183-001
Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 128-001
Accounts Payable Clearing Account (OHD, HO, STANDARD ) Goods Receipt PO - 183-001
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) Goods Receipt PO - 183-002
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) Goods Receipt PO - 183-002
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) Goods Receipt PO - 182-002
Accounts Payable Clearing Account (PHD, HO, STANDARD ) Goods Receipt PO - 290-003
Accounts Payable Clearing Account (AHD, HO, STANDARD ) Goods Receipt PO - 182-005
Accounts Payable Clearing Account (AHD, HO, STANDARD ) Goods Receipt PO - 183-005
Accounts Payable Clearing Account (AHD, HO, STANDARD ) Goods Receipt PO - 183-005
Accounts Payable Clearing Account (CWHD, HO, STANDARD) Goods Receipt PO - 182-008
Accounts Payable Clearing Account (CWHD, HO, STANDARD) Goods Receipt PO - 183-008
Accounts Payable Clearing Account (CWHD, HO, STANDARD) Goods Receipt PO - 183-008
Accounts Payable Clearing Account (CWHD, HO, STANDARD) Goods Receipt PO - 183-008
Accounts Payable Clearing Account (CWHD, HO, STANDARD) Goods Receipt PO - 150-008
Accounts Payable Clearing Account (ICHD, HO, STANDARD) Goods Receipt PO - 183-011
Accounts Payable Clearing Account (ICHD, HO, STANDARD) Goods Receipt PO - 183-011

oper period.
 12,500,000.00
6,562,500.00
2,187,500.00
625,000.00
ORY

Invoices/Delivery Receipt Amount per Date of Receipt Recorded on

Number Document proper period? Remarks
3450561748 271,446.29 11/30/2022 Yes
101616191 276,882.14 12/7/2022 Yes
101616193 277,210.71 12/7/2022 Yes
101616192 351,221.21 12/7/2022 Yes
No. 174060 711,736.61 12/12/2022 Yes
101616655 377,350.00 12/16/2022 Yes
No. 0764354 301,065.25 12/14/2022 Yes
3450561095 274,607.14 11/30/2022 Yes
3450561744 383,806.74 11/30/2022 Yes
101616661 254,857.14 12/12/2022 Yes
254,582.14 12/12/2022 Yes
101616166
295,659.37 12/14/2022 Yes
3450565423
303,682.14 12/7/2022 Yes
101614873
305,660.71 12/10/2022 Yes
No. 7252
 271,850.89 12/14/2022 Yes
3450565375
256,897.32 12/5/2022 Yes
5880023476
256,897.32 12/5/2022 Yes
5880023475
255,850.00 12/12/2022 Yes
101616651
257,366.96 12/16/2022 Yes
No. 7256 and 7257
293,482.14 12/9/2022 Yes
No. 7250 and 7251

Invoices/Delivery Receipt Amount per Date of Receipt Recorded on

Number Document proper period? Remarks
No. 0670110548 325,874.82 1/9/2023 Yes
No. 174531 1,109,935.05 1/16/2023 Yes
101635195 342,153.57 1/19/2023 Yes
101635202 474,678.57 1/21/2023 Yes
No. 0765922 606,081.00 1/18/2023 Yes
1016335203 294,732.14 1/27/2023 Yes
101635205 544,592.86 1/20/2023 Yes
635204 377,103.57 1/21/2023 Yes
325,600.00
5880027511 519,562.50 1/17/2023 Yes
1792270 325,600.00 1/3/2023 Yes
101634567 585,353.57 1/20/2023 Yes
101634566 329,892.86 1/20/2023 Yes
325,600.00
101635191 361,878.57 1/23/2023 Yes
101635190 426,071.43 1/21/2023 Yes
101635192 373,485.71 1/23/2023 Yes
120031148 424,875.00 1/24/2023 Yes
101634561 491,205.36 1/21/2023 Yes
101634563 431,160.71 1/24/2023 Yes
Reference: C

Reviewed by:
Reviewed on:
Randomizer Posting Date Due Date Series Doc. No. Trans. No.
146 12/2/2022 12/2/2022 01REG PD 118700537 9004493
537 12/6/2022 12/6/2022 01REG PD 118700787 9011494
633 12/7/2022 12/7/2022 01REG PD 118700858 9014392
642 12/7/2022 12/7/2022 01REG PD 118700867 9014455
1285 12/13/2022 12/13/2022 01REG PD 118701243 9025372
1570 12/15/2022 12/15/2022 01REG PD 118701383 9028638
1584 12/15/2022 12/15/2022 01REG PD 118701413 9029350
2939 12/1/2022 12/1/2022 02REG PD 215148903 9002063
3003 12/2/2022 12/2/2022 02REG PD 215148921 9004458
3442 12/10/2022 12/10/2022 02REG PD 215149287 9019943
3449 12/10/2022 12/10/2022 02REG PD 215149307 9020070
5011 12/15/2022 12/15/2022 03REG PD 308062440 9029301
5695 12/6/2022 12/6/2022 05REG PD 512626521 9011511
5925 12/10/2022 12/10/2022 05REG PD 512626663 9019888
6198 12/15/2022 12/15/2022 05REG PD 512626844 9028507
7346 12/8/2022 12/8/2022 08REG PD 815121090 9016210
7348 12/8/2022 12/8/2022 08REG PD 815121092 9016213
7447 12/10/2022 12/10/2022 08REG PD 815121153 9019951
7780 12/16/2022 12/16/2022 08REG PD 815121419 9031368
9752 12/8/2022 12/8/2022 11REG PD 938042849 9016231

NOT UPDATED
Remarks
Goods Receipt PO - 117-001
Goods Receipt PO - 183-001
Goods Receipt PO - 183-001
Goods Receipt PO - 183-001
Goods Receipt PO - 140-001
Goods Receipt PO - 183-001
Goods Receipt PO - 128-001
Goods Receipt PO - 117-002
Goods Receipt PO - 117-002
Goods Receipt PO - 183-002
Goods Receipt PO - 183-002
Goods Receipt PO - 117-003
Goods Receipt PO - 183-005
Goods Receipt PO - 154-005
Goods Receipt PO - 117-005
Goods Receipt PO - 290-008
Goods Receipt PO - 290-008
Goods Receipt PO - 183-008
Goods Receipt PO - 154-008
Goods Receipt PO - 154-011
Project Offset Acct
211007-001-000-001
211007-001-000-001
211007-001-000-001
211007-001-000-001
211007-001-000-001
211007-001-000-001
211007-001-000-001
211007-002-000-001
211007-002-000-001
211007-002-000-001
211007-002-000-001
211007-003-000-001
211007-005-000-001
211007-005-000-001
211007-005-000-001
211007-008-000-001
211007-008-000-001
211007-008-000-001
211007-008-000-001
211007-011-000-001
Offset Acct Name Deb./Cred. (LC)
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 271,446.29
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 276,882.14
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 277,210.71
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 351,221.21
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 711,736.61
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 377,350.00
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 301,065.25
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) 274,607.14
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) 383,806.74
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) 254,857.14
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) 254,582.14
Accounts Payable Clearing Account (PHD, HO, STANDARD ) 295,659.37
Accounts Payable Clearing Account (AHD, HO, STANDARD ) 303,682.14
Accounts Payable Clearing Account (AHD, HO, STANDARD ) 305,660.71
Accounts Payable Clearing Account (AHD, HO, STANDARD ) 271,850.89
Accounts Payable Clearing Account (CWHD, HO, STANDARD) 256,897.32
Accounts Payable Clearing Account (CWHD, HO, STANDARD) 256,897.32
Accounts Payable Clearing Account (CWHD, HO, STANDARD) 255,850.00
Accounts Payable Clearing Account (CWHD, HO, STANDARD) 257,366.96
Accounts Payable Clearing Account (ICHD, HO, STANDARD) 293,482.14
Posting Date Due Date Series Doc. No. Trans. No.
1/10/2023 1/10/2023 01REG PD 118702209 9065958
1/17/2023 1/17/2023 01REG PD 118702617 9077110
1/19/2023 1/19/2023 01REG PD 118702750 9080640
1/20/2023 1/20/2023 01REG PD 118702832 9082578
1/20/2023 1/20/2023 01REG PD 118702835 9082598
1/26/2023 1/26/2023 01REG PD 118703245 9095845
1/20/2023 1/20/2023 02REG PD 215150555 9082465
1/20/2023 1/20/2023 02REG PD 215150559 9082491
1/23/2023 1/23/2023 02REG PD 215150688 9088269
1/17/2023 1/17/2023 03REG PD 308062765 9076758
1/4/2023 1/4/2023 05REG PD 512627257 9054173
1/19/2023 1/19/2023 05REG PD 512627671 9080702
1/19/2023 1/19/2023 05REG PD 512627733 9081065
1/4/2023 1/4/2023 08REG PD 815121789 9053914
1/21/2023 1/21/2023 08REG PD 815122586 9084439
1/21/2023 1/21/2023 08REG PD 815122592 9084587
1/21/2023 1/21/2023 08REG PD 815122605 9084749
1/24/2023 1/24/2023 08REG PD 815122716 9092088
1/20/2023 1/20/2023 11REG PD 938043589 9082802
1/23/2023 1/23/2023 11REG PD 938043661 9088445
Remarks
Goods Receipt PO - 186-001
Goods Receipt PO - 140-001
Goods Receipt PO - 183-001
Goods Receipt PO - 183-001
Goods Receipt PO - 128-001
Goods Receipt PO - 183-001
Goods Receipt PO - 183-002
Goods Receipt PO - 183-002
Goods Receipt PO - 182-002
Goods Receipt PO - 290-003
Goods Receipt PO - 182-005
Goods Receipt PO - 183-005
Goods Receipt PO - 183-005
Goods Receipt PO - 182-008
Goods Receipt PO - 183-008
Goods Receipt PO - 183-008
Goods Receipt PO - 183-008
Goods Receipt PO - 150-008
Goods Receipt PO - 183-011
Goods Receipt PO - 183-011
NOT UPDATED
Project Offset Acct
211007-001-000-001
211007-001-000-001
211007-001-000-001
211007-001-000-001
211007-001-000-001
211007-001-000-001
211007-002-000-001
211007-002-000-001
211007-002-000-001
211007-003-000-001
211007-005-000-001
211007-005-000-001
211007-005-000-001
211007-008-000-001
211007-008-000-001
211007-008-000-001
211007-008-000-001
211007-008-000-001
211007-011-000-001
211007-011-000-001
Offset Acct Name Deb./Cred. (LC) Cumulative Balance (LC)
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 325,874.82 56024761.56
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 1,109,935.05 55771764.46
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 342,153.57 55545286.35
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 474,678.57 57199182.71
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 606,081.00 57853054.75
Accounts Payable Clearing Account (OHD, HO, STANDARD ) 294,732.14 56379878.97
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) 544,592.86 40949634.11
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) 377,103.57 41202675.18
Accounts Payable Clearing Account (BKHD, HO, STANDARD ) 325,600.00 41267704.67
Accounts Payable Clearing Account (PHD, HO, STANDARD ) 519,562.50 23490119.61
Accounts Payable Clearing Account (AHD, HO, STANDARD ) 325,600.00 25440203.33
Accounts Payable Clearing Account (AHD, HO, STANDARD ) 585,353.57 25681793.78
Accounts Payable Clearing Account (AHD, HO, STANDARD ) 329,892.86 26527571.3
Accounts Payable Clearing Account (CWHD, HO, STANDARD) 325,600.00 26990597.23
Accounts Payable Clearing Account (CWHD, HO, STANDARD) 361,878.57 29094122.74
Accounts Payable Clearing Account (CWHD, HO, STANDARD) 426,071.43 29500916.98
Accounts Payable Clearing Account (CWHD, HO, STANDARD) 373,485.71 29964639.38
Accounts Payable Clearing Account (CWHD, HO, STANDARD) 424,875.00 30101374.67
Accounts Payable Clearing Account (ICHD, HO, STANDARD) 491,205.36 24323119.52
Accounts Payable Clearing Account (ICHD, HO, STANDARD) 431,160.71 24689503.49
Blanket Agreement Seq. No. Ref. 1 (Row) Ref. 3 (Row) BA: Reference (Header)
118702209
118702617
118702750
118702832
118702835
118703245
215150555
215150559
215150688
308062765
512627257
512627671
512627733
815121789
815122586
815122592
815122605
815122716
938043589
938043661
Employees Advances Category (Row)
Company Name: CW Marketing and Development Corporation
Engagement Period: December 31, 2023 PM
Prepared by: Bernadette D. Orcine TE
Prepared on: April 8, 2024 1/3 of TE
SAD

LEAD SCHEDULE - INVENTORIES

Audited Balance CY
Trade Inventories 185,156,103.00
Non-Trade Inventories -
185,156,103.00

-0.20

Unadjusted Balance
Account Code Account Name December 2023 Ref

1130101010 Merchandise Inventory - Trade 185,034,788.60 WTB

1130101011 Merchandise Inventory - Trade (Cutover) - WTB
1130101020 Merchandise Inventory - Concessionaire - WTB
1130101030 Merchandise Inventory - Clearing 121,314.60 WTB

TOTAL 185,156,103.20
^
CHECKING -

Tickmarks:
WTB Traced to working trial balance. Nature of account :

AFS Sourced from PY audited FS.

a Tallied with WBS.

q Tallied with PBC - Prior Year AFS.
Λ Footed.
 12,500,000.00
6,562,500.00
2,187,500.00
625,000.00

Audited Balance PY
211,312,534.00
-
211,312,534.00

- 0.07

Adjusted Balance Audited Balance December

CAJE CAJE Ref December 2023 PAJE PAJE Ref 2023

- 185,034,788.60 - 185,034,788.60
- - - -
- - - -
- 121,314.60 - 121,314.60

- 185,156,103.20 - 185,156,103.20
^ ^
- - - -

Trade inventories consist of various materials for construction or renovation of houses or other establishments like tiles,
paints, roofs and other home essentials.

Non-trade inventories consist of items used for their repairing and other services.
 Reference: F

Reviewed by:
Reviewed on:

Audited Balance
December 2022 Ref Difference %Δ Notes Classification

210,444,528.42 AFS (25,409,739.82) -12% Trade Inventories

- AFS - 0% Trade Inventories
- AFS - 0% Trade Inventories
868,005.65 AFS (746,691.05) -86% Trade Inventories

211,312,534.07 (26,156,430.87) -12%

^
-

establishments like tiles,

Company Name: CW Marketing and Development Corporation
Engagement Period: December 31, 2023 PM
Prepared by: Bernadette D. Orcine TE
Prepared on: April 8, 2024 1/3 of TE
SAD

LEAD SCHEDULE - INVENTORIES

Audited Balance CY
Trade Inventories 185,156,103.00
Non-Trade Inventories -
185,156,103.00

-0.20

Unadjusted Balance
Account Code Account Name December 2023 Ref

1130101010 Merchandise Inventory - Trade 185,034,788.60 WTB

1130101011 Merchandise Inventory - Trade (Cutover) - WTB
1130101020 Merchandise Inventory - Concessionaire - WTB
1130101030 Merchandise Inventory - Clearing 121,314.60 WTB

TOTAL 185,156,103.20
^
CHECKING -

Tickmarks:
WTB Traced to working trial balance. Nature of account :

AFS Sourced from PY audited FS.

a Tallied with WBS.

q Tallied with PBC - Prior Year AFS.
Λ Footed.
 12,500,000.00
6,562,500.00
2,187,500.00
625,000.00

Audited Balance PY
211,312,534.00
-
211,312,534.00

- 0.07

Adjusted Balance Audited Balance December

CAJE CAJE Ref December 2023 PAJE PAJE Ref 2023

- 185,034,788.60 - 185,034,788.60
- - - -
- - - -
- 121,314.60 - 121,314.60

- 185,156,103.20 - 185,156,103.20
^ ^
- - - -

Trade inventories consist of various materials for construction or renovation of houses or other establishments like tiles,
paints, roofs and other home essentials.

Non-trade inventories consist of items used for their repairing and other services.
 Reference: F

Reviewed by:
Reviewed on:

Audited Balance
December 2022 Ref Difference %Δ Notes Classification

210,444,528.42 AFS (25,409,739.82) -12% Trade Inventories

- AFS - 0% Trade Inventories
- AFS - 0% Trade Inventories
868,005.65 AFS (746,691.05) -86% Trade Inventories

211,312,534.07 (26,156,430.87) -12%

^
-

establishments like tiles,