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    Junior Philippine Institute of Accountants-Cvsu Chapter Budgeted Financial Peformance For The Fy2020-2021 Revenues

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    Quen Quen
    The document presents the budgeted financial performance of the Junior Philippine Institute of Accountants- CvSU Chapter for fiscal year 2020-2021. Total revenues are projected at ₱451,350, coming from membership fees, registration fees, and merchandise sales. Total expenses are budgeted at ₱392,417, including rent, food, prizes, supplies, and merchandise costs. With expenses below revenues, the organization expects a net income of ₱58,932.74 for the fiscal year.

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    Junior Philippine Institute of Accountants-Cvsu Chapter Budgeted Financial Peformance For The Fy2020-2021 Revenues

    Uploaded by

    Quen Quen
    26 views7 pages
    The document presents the budgeted financial performance of the Junior Philippine Institute of Accountants- CvSU Chapter for fiscal year 2020-2021. Total revenues are projected at ₱451,350, coming from membership fees, registration fees, and merchandise sales. Total expenses are budgeted at ₱392,417, including rent, food, prizes, supplies, and merchandise costs. With expenses below revenues, the organization expects a net income of ₱58,932.74 for the fiscal year.

    Original Title

    Budgeted Financial Performance FY2020-2021

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    The document presents the budgeted financial performance of the Junior Philippine Institute of Accountants- CvSU Chapter for fiscal year 2020-2021. Total revenues are projected at ₱451,350, coming from membership fees, registration fees, and merchandise sales. Total expenses are budgeted at ₱392,417, including rent, food, prizes, supplies, and merchandise costs. With expenses below revenues, the organization expects a net income of ₱58,932.74 for the fiscal year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    26 views7 pages

    Junior Philippine Institute of Accountants-Cvsu Chapter Budgeted Financial Peformance For The Fy2020-2021 Revenues

    Uploaded by

    Quen Quen
    The document presents the budgeted financial performance of the Junior Philippine Institute of Accountants- CvSU Chapter for fiscal year 2020-2021. Total revenues are projected at ₱451,350, coming from membership fees, registration fees, and merchandise sales. Total expenses are budgeted at ₱392,417, including rent, food, prizes, supplies, and merchandise costs. With expenses below revenues, the organization expects a net income of ₱58,932.74 for the fiscal year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 7

    Junior Philippine Institute of Accountants- CvSU Chapter

    Budgeted Financial Peformance


    For the FY2020-2021

    Revenues:
    Membership fee:
    CvSU-JPIAN
    CA-JPIAN
    JPIAN R4
    Registration Fee- GA
    Registration Fee- CPA day
    JPia Mechandise
    Total Revenues
    Less: Expenses
    Rent Expense
    Food/Meal Allowance
    Prize Expenses
    Union Dues
    CvSU-JPIAN
    CA-JPIAN
    JPIAN R4
    Supplies Expense
    Depreciation Expense
    Representation Expense
    Transporation Allowance
    Awards and Certificate
    Tarpaulin
    Miscellaneous Expense
    JPIA Uniform
    CaJPIA Merchandise Expense
    Total Expenses
    Net Income
    Accountants- CvSU Chapter
    al Peformance
    020-2021

    ₱ 12,750.00
    35,700.00
    33,150.00
    76,500.00
    153,000.00
    153,000.00
    ₱ 451,350

    ₱ 80,840.00
    147,000.00
    23,437.24
    -
    7,350.00
    24,500.00
    24,500.00
    6,661.28
    3,078.94
    3,000.00
    4,227.00
    2,337.40
    1,692.00
    12,133.40
    10,000.00
    122,500.00
    ₱ 392,417.26
    ₱ 58,932.74
    Junior Philippine Institute of Accountants- CvSU Chapter
    Computation of Budgeted Financial Performance
    For the FY2020-2021

    Revenues: Average number of students


    Membership fee:
    CvSU-JPIAN 510
    CA-JPIAN 510
    JPIAN R4 510
    Registration Fee- GA 510
    Registration Fee- CPA day 510
    JPia Mechandise 510
    Total Revenues
    Less: Expenses Estimated Participants
    Rent Expense
    Food/Meal Allowance 490
    Prize Expenses
    Union Dues
    CvSU-JPIAN 490
    CA-JPIAN 490
    JPIAN R4 490
    Supplies Expense
    Depreciation Expense
    Representation Expense
    Transporation Allowance
    Awards and Certificate
    Tarpaulin
    Miscellaneous Expense
    JPIA Uniform
    CaJPIA Merchandise Expense 490
    Total Expenses
    Net Income
    tants- CvSU Chapter
    ial Performance
    21

    umber of students Fee Total

    510 25.00 ₱ 12,750.00


    510 70.00 35,700.00
    510 65.00 33,150.00
    510 150.00 76,500.00
    510 300.00 153,000.00
    510 300.00 153,000.00
    ₱ 451,350
    mated Participants Cost Total
    ₱ 80840.00
    490 300.00 147,000.00
    23,437.24

    490 15.00 7,350.00


    490 50.00 24,500.00
    490 50.00 24,500.00
    6,661.28
    3,078.94
    3,000.00
    4,227.00
    2,337.40
    1,692.00
    12,133.40
    10,000.00
    490 250 122,500.00
    ₱ 392,417.26
    ₱ 58,932.74
    Notes

    Note 1: Fixed and Variable Revenues


    All revenues are classified as Variable revenue. Those revenues will depend on the number of CvSU-JPIAN students

    Note 2: Fixed and Variable Cost


    1.Expenses other than Depreciation expense will classify as variable cost. Those expenses will depend on the number of stud
    2.Rent Expense - Classifies as Variable expense. Will depend on the number of organization's activities.
    3.Depreciation Expense- This expense will occur through passage of time

    Note 3: Eliminated Revenues and Expenses


    1. Miscellaneous income, Donation income, and Other income may be eliminated. These sources of income are attached to u
    2. Photocopy and Printing Expense. This item was eliminated due to materiality concept. This item can be included to expens

    Note 4: Some explanation must be included


    1. The 510 students are the average student this Fiscal year. Probable studedents who drop and fail the course were eliminat
    2. The 490 students shown are the estimated student who will participate to organization's activities and who will buy CvSU-J
    3. Expenses didn't show computation are just multplied to 124%. Based on my own assumption and calculation, there's a 24%
    r of CvSU-JPIAN students

    will depend on the number of students enrolled and number of officers who will travel outside (in case of transporatation allowances and
    on's activities.

    sources of income are attached to uncertainty of not earning it. I just included to budgeted revenues those certain to earn.
    This item can be included to expense where it is attached. For example photocopy of certificates. This cost can be included in Awards and C

    op and fail the course were eliminated.


    's activities and who will buy CvSU-JPIANS merchandise.
    mption and calculation, there's a 24% increased of student this Fiscal year compare to last year
    e of transporatation allowances and representaton expense)

    hose certain to earn.


    ost can be included in Awards and Certificate

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