Calamba, Laguna – The Institute of Cooperatives and Bio-Enterprise Development (ICOPED), College of Economics and Management (CEM), UPLB, in partnership with the Calamba City Cooperatives and Livelihood Development Department, conducted the second batch of Financial Management Training for Calamba-based cooperatives last September 6-7, 2017 at the CLDD Training Center II, Mercado de Calamba. The said training is one of the mandatory trainings under the RA 9520, known as Philippine Cooperative Code of 2008, for cooperative officers whose cooperatives are engaged in savings and credit with at least PhP 5 million worth of deposit liabilities based on their latest audited financial statement.
The training aimed to equip cooperative officers with the knowledge and skills in applying financial management principles in their respective cooperatives. Among the topics covered were the basic concepts of cooperative financial management, financial standards, and preparing annual plans and budget. Dr. JP Roma D. Domingo, University Extension Specialist, and Ms. Alicia R. Quicoy, University Researcher of ICOPED, Ms. Joan E. Mendoza, Chief Accountant of the UPLB Accounting Office and Senior Lecturer of the Department of Agribusiness, Management and Entrepreneurship (DAME) of CEM, and Ms. Maria Cielo M. Lampa, Chief Administrative Officer of SPMO, UPLB, served as resource persons for the training.
A total of twenty-one (21) participants attended the training, representing the following cooperatives: Calamba Fisherfolk Producers Cooperative, Calambenga Vendors Marketing Cooperative, Eduardo Barretto Credit Cooperative, Green Beans Multipurpose Cooperative, Calamba City Employees Multipurpose Cooperative, Calamba Multipurpose Cooperative, Tanglaw Kaunlaran Producers Cooperative, Mabato Coffee and High Value Crops Agricultural Cooperative. JRDDomingo