Awaiting product image

The Banking Business Model and its Impact on Financial Reporting Governance

Description

An Essential Part of BAIPHIL’s Learning Series on

“BANK ACCOUNTING & REGULATORY REPORTING

FOR BANKS (BARR)”

 

DATE / TIME SCHEDULE

 

June 4-5, 2025 (Wednesday-Thursday) 1:00 PM – 5:00 PM. 

Via Zoom

 

COURSE OUTLINE1 

  • Brief Revisit of varied Banking Business Models. The Board-approved Banking Business Model Under Its Primary Banking License.
  • License and Permit Covering the Banking Entities (Ph). Overview Minimum Capital Requirement. Other Licenses, in line with a more Complex Banking Business Model.
  • What is your organization’s Board-approved Banking Business Model?
  • Focus: The Universal Banking Business Model.
  • Core Products in line with the Approved Banking Business Model
  • Financial Reporting Risks that Banks may have to Manage
  • Overview of Front-End Business Applications designed with Financial Accounting Entries that Interface with the Core GL System. The Core GL System designed with the meaningfully-coded GL Account Lines, based on several considerations.
  • Overview of the Bank’s Product Accounting Entries being designed into the business application systems (front-end systems). Illustrative Simplified Entries on Basic Banking Transactions.
  • Learning Assessment 01 and 02. Group Discussion and Presentations.

1 Copyright. May 5, 2025. All rights reserved by Edel Vegamora, CIA, CRMA, FICD, CPA. BGC, Taguig, Philippines

 

TARGET AUDIENCE

  1. Finance, Controllership, Accounting and Regulatory Reporting Professionals of Banks.
  2. Financial Risk Management Professionals of Banks.
  3. Internal Auditors of Banks.
  4. External Auditors who certify the Bank’s Financial Statements and Disclosures.
  5. Other Governance Roles who oversee the Financial Statements and Statutory Reporting Integrity of Banks.

 

OBJECTIVES AND COVERAGE OF THE LEARNING SERIES ON BANK ACCOUNTING AND REGULATORY REPORTING (BARR) 

  1. To discuss the basic Body of Knowledge as regards the Banking Business Model that impact the Financial Statements, and the Bank’s evolving Financial Reporting Risk Profile.
    • Highlights of Banking Business Model (as approved by the Board in accordance with the banking license granted by the Regulator/Bangko Sentral ng Pilipinas)
    • Highlights of Core Products (in line with the Banking Business Model adopted by Banks)
    • Highlights of Financial Statements Accounts (as recorded from the transactions on Core Products of the Bank in accordance with the Banking Business Model adopted by Banks)
  2. To provide Guidance on determining and assessing the bank’s Financial Reporting (FINREP) Risk Profile, determining the Root Causes of FINREP Risks, and the implications on the Financial Statements of Banks (PH).
  3. To discuss the basic Financial/Statutory/Regulatory Reporting Controls in Banks (PH), which should comprise the proficiency & competency profile of the Finance-Regulatory Reporting-Tax Professionals in Banks, as well as for External/Independent Auditors, who examine the Bank’s Financial Statements, and Statutory/Regulatory Reports.
  4. To share practical and experiential know-how to the Finance/Regulatory Reporting/Tax Professionals of banks, as well as the Independent Assessors/Auditors, as regards the Financial Reporting Controls that have been put in place in Bank’s Financial Reporting/Regulatory Reporting Process; In particular, the following:
    • Overview of the True-Source Datasets underlying the financial regulatory reporting;
    • Illustrative Examples of Key Financial Reporting Controls that the bank may put in place, for their regulatory financial reporting to Board-GovCom, and to the banking Regulator;
    • Illustrative Examples of how the Finance/Accounting organization’s regulatory reporting process may positively contribute to the Bank’s conformance with the Standards of Transparency and Disclosure, as required by Regulations.
  5. To enhance the Participants’ Learning Experience through originally designed Learning Assessments.
    • Quiz (via a common Online platform); OR  Group Activity (Case-Work).  Trainees’ submission online (via BAIPHIL’s Google Classroom link by BAIPHIL’s Training Officer);
    • Plenary Presentation of Answers, that could benefit from the Speaker’s inputs/ advice during the plenary session.

 

SUMMARY OF THE LEARNING SERIES TOPICS THAT ARE COVERED IN SIX (6) SEPARATE SEMINARS

 

  1. The Banking Business Model and its Impact on Financial Reporting Governance
  2. Financial Reporting Risk Assessment and Root Cause Analysis for FINREP Risk
  3. Highlights of Regulatory Accounting Standards and Financial Reporting for Banking Transactions. The Essential Parameters Embedded into the Design of Accounting for Banking Business Applications & Regulatory Reporting Systems
  4. Tax Compliance Risk Management, considering the Banking Business Model and the Core Products of the BSFI/Bank
  5. Adequacy of Design and Effectiveness of Financial Reporting Controls, prescribed by Banking Regulations
  6. Compliance Risk Management and Effective Response to Regulatory Supervision Reviews, as regards the Bank’s Financial Accounting and Regulatory Reporting

 

 

SPEAKER FACILITATOR

 

EDEL MARY VEGAMORA, CIA, CRMA, FICD, conferred with the CPA license in 1981.

  • Former Board of Director/Member of leading financial institutions;
  • Former Director of Audit/Asia Pacific Division of a multinational life insurance company;
  • Former Chief Audit Executive (CAE) and Chief Internal Auditor for the Group of Companies of leading Unibanks.
  • Former Chief Financial Officer (CFO) of a Unibank, a Commercial Bank, and insurance company/asset mgt co.;
  • 2024-2025 Chairperson/Finance & Audit Course Committee; 2022 Audit Committee Chairperson / BAIPHIL;
  • Former Board of Director / Member – BAIPHIL;
  • Former President & Chairman of the Board of Directors, IIA-Philippines.

 

There are various Speakers assigned to conduct the Seminars for the six “Subjects” listed above, for the Learning Series on “BARR”

 

TRAINING FEE PER PARTICIPANT

Member Institution – Php 3,920.00

Non-Member Institution – Php 5,040.00

*VAT Inclusive

 

REGISTER HERE!

 

FOR THOSE WHO MAY APPLY FOR CERTIFICATION BY BAIPHIL

Participants who may apply for Certification, shall submit their written intent to enroll in the full Learning Series on “BARR” and the intent to fulfill all the Certification Requirements that will be prescribed by BAIPHIL Certification Program Department (CPD).

(Please email your intent to certification@baiphil.org)