BASIC BOOKKEEPING AND ACCOUNTING TRAINING FOR QUEZON CITY COOPERATIVES
The Quezon City Small Business and Cooperatives Development and Promotions Office (QC-SBCDPO), in partnership with the Quezon City Cooperative Development Council (QCCoopDC) and the Cooperative Development Authority – NCR Extension Office (CDA-NCREO), successfully concluded a training session on Basic Bookkeeping and Accounting tailored for QC Cooperatives. This event took place on July 18, 2025, at the Hive Hotel and Convention Place, located at 68 Scout Tuazon corner Scout Madrinan Streets, Barangay South Triangle, Quezon City.
The lecture was facilitated by the invited resource speaker from the CDA-NCREO, Mr. Robert E. Tiongco, Cooperative Development Specialist II. The primary objective of this training was to increase the knowledge and skills of participating cooperatives in streamlining financial transactions, maintaining precise financial records, and preparing financial reports.
The initial segment of the training concentrated on fundamental accounting concepts aimed at non-accountants, with three learning objectives: 1) Explain basic accounting concepts and procedures; 2) Clarify the various financial statements and their significance; and 3) Introduce the Standard Chart of Accounts pertinent to their respective cooperatives.
Mr. Tiongco emphasized the importance of appointing suitable members to the positions of Bookkeeper, Accountant, and/or Auditor, as they bear the responsibility for overseeing the cooperative’s financial transactions. Consequently, a thorough understanding of the proper utilization of specific books of accounts for various documents and financial statements is essential. Throughout the discussion, he shared examples drawn from his extensive experience with various cooperatives.
The workshop commenced with a hypothetical scenario featuring specific amounts and particulars. Participants were tasked with devising an appropriate book of accounts for the enumerated transactions. Upon completion, the participants engaged in a collective discussion of their responses. As the training drew to a close, inquiries were posed regarding the lesson, along with participants’ personal experiences in preparing their respective cooperative’s financial statements. These discussions afforded valuable clarifications and insights for future cooperative transactions.
