GLOBAL OUTSOURCING: A CASE STUDY
A company's decision to outsource its major process creates an impact. Such direction requires adjustments. The decision areas that has to be strengthened in its operations are the following:
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Quality Management
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Supply Chain Management
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Inventory and Materials Requirement Planning
These factors, if not properly managed will translate into financial costs and thereby affecting profit margins of the company.
Quality Management
As markets have become global and much more competitive, quality is a key ingredient for success in business. Companies should work closely with suppliers so that the former could also meet on the expectations. It should emphasize not only to its employees, but equally to its suppliers, the aim of ensuring that products and services are fit for their purpose and meets specifications.
WITHHOLDING TAXES ON CAMPAIGN CONTRIBUTIONS
The filing of registration and the transfer of registration of local voters will be only up the end of this month, 31st of October. That date has been set by the Commission of Elections. Section 13 of RA 9369 provides that the filing of certificates of candidacy for all elective positions will be from November 20th to November 30th, 2009. The campaign period for President, Vice President, Senator and Party-list groups will start by February 9th, 2010 yet, while that of candidates for Congressman, Provincial and Local officials is on March 26th, 2010. The campaign period for all elective officials will end on the 8th of May, 2010.
THE GOVERNMENT’S CURRENT FINANCIAL POSITION
Data released by the Philippine government as of September 2009 revealed that our budget deficit has neared its entire year target and analysts expect a breach of this target by year-end. Our government's target deficit for the year of P250B ceiling is most likely to be breached, as analysts observed that as of September, our shortfall has already amounted to P237.5B – which is already at 95% of the full year target. The announced data was realeased by the Finance Department.
For the month of September, the budget gap was at P27.5B, up 27.3% from 21.6B of 2008. In a press briefing by Finance Secretary Margarito B. Teves, he said that the national government incurred a budget deficit of P237.5 billion from January to September this year, higher than the programmed ceiling by P19.9 billion, due mainly to weak revenues.
TOPNOTCHERS OF OCTOBER 2009 CPA BOARD EXAMINATIONS
The Professional Regulation Commission (PRC) announces that 2,888 out of 6,929 passed the Certified Public Accountant Licensure Examination given by the Board of Accountancy in the cities of Manila, Cagayan De Oro, Cebu, Davao, Iloilo and Legazpi this October 2009.
The successful examinees who garnered the ten (10) highest places are the following:
1st
ROMELYN MANSET CARPIO DE LA SALLE UNIVERSITY-LIPA – 91.71
IVAN RHETT VILLACAMPA MACABEO BICOL UNIVERSITY-LEGAZPI 91.71
2nd
LAILA TOPACIO AMON – DE LA SALLE UNIVERSITY DASMARIÑAS 91.57
REGINALD LAJARA LACO – DE LA SALLE UNIVERSITY-LIPA – 91.57
ARIEL CANGREHILLA NACION – MINDANAO STATE UNIVERSITY-GEN. SANTOS CITY – 91.57
3rd
BELVIN LOPEZ ARMENION – UNIVERSITY OF CEBU IN LAPULAPU & MANDAUE – 91.29
JOSEPH ALBERT JOSOL BULAO – ATENEO DE DAVAO UNIVERSITY – 91.29
MA THERESA SOLANO PAMINTUAN – UNIVERSITY OF THE PHILIPPINES DILIMAN – 91.29
THE OCTOBER 2009 CPA LICENSURE EXAMINATIONS
A profession closest to my heart is that of a Certified Public Accountant. I, belonging to the said profession.
Sometime in February, 2009, I have posted the coverage of the October 2009 Certified Public Accountant's Licensure Examinations and the new changes that are to take effect. The Board of Accountancy issued a memorandum sometime in January 2009 to this effect.
Below are the changes to have effected on the recently held 2009 CPA board examinations:
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