Rokajax search

Sunday, 5th February 2023



  • Home
  • Lopez Companies
    • Business and Finance
    • Calendar
    • Promos and Offers
    • Lopez Group Companies
  • HR Updates
    • HR Council
    • Business Excellence
    • Job Opportunities
  • Employee News
    • Message from Lopez
    • Meet the Executive
    • Meet the Team
    • Milestones
    • Spotlight
    • Advocacy
  • Corporate Sustainability
    • ABS-CBN Foundation
    • Sagip Kapamilya
    • OML Climate Change Center
    • Knowledge Channel
    • Lopez Museum
  • Lifestyle
    • Kapamilya Entertainment
    • Power Plant Mall Finds
    • ABS-CBN Publications
    • Food and Recipes
    • Lifelong Wellness
  • Blog
  • Lopez Values
    • 7 Lopez Values
    • The Credo
    • Web Comics
    • Special Feature

Two decades of commitment to professional excellence—The Lopez Group Comptrollers’ Circle

Hits: 4586
Twitter

Lopez Group chairman emeritus Oscar M. Lopez as guest of honor and keynote speaker at the 15th anniversary in 2014Lopez Group chairman emeritus Oscar M. Lopez as guest of honor and keynote speaker at the 15th anniversary in 2014THROUGHOUT its two decades of existence, the Lopez Group Comptrollers’ Circle has seen and weathered it all—the evolving leadership due to retirement and employee movement, the changing fortunes of the Lopez Group businesses and even the ups and downs of the Philippine economy.

Lopez Group chairman Oscar M. Lopez (OML) had initiated the formation of the Comptrollers’ Circle in 1999, making it the first such organization of its kind among Philippine conglomerates.

OML envisioned a team that would provide the Lopez Group with uniform, reliable, accurate and fair financial information that would fast-track the consolidation of financial reports at the Group level and aid in strategic planning.

Financial ‘supergroup’

For its first major project, completed in July 2000, the financial “supergroup” generated a standardized chart of accounts and accounting policies that the Lopez Group companies used as a guide in preparing financial statements.

Following this milestone, they formulated an updated planning and control manual. To this day, chief financial officers, comptrollers, accountants and corporate planning officers in the Lopez Group refer to this manual to prepare their companies’ financial statements, plans and budgets.

The Comptrollers’ Circle provides support for top management’s strategic needs by spearheading annual budget conferences and five-year strategic planning meetings, midyear financial performance reviews, economic and political briefings, and corporate governance updates.

Training sessions

For its members who are responsible for preparing the components of financial reports, the Comptrollers’ Circle equips them by regularly organizing training sessions and seminars.

These seminars tackle developments in accounting standards as well as Securities and Exchange Commission (SEC), Bureau of Internal Revenue (BIR) and other government regulations and are conducted by experts from the BIR, SEC and the country’s top auditing firms.

Each training session—there are up to three such seminars per year—is attended by at least 200 participants, resulting in savings of as much as P10,000 per employee per training session compared to sending them individually to an accredited provider. This means annual cost savings of P2 million to P6 million for the Comptrollers’ Circle.

P800K annual savings

Overall, out of its P3 million budget in 2018, the Comptrollers’ Circle spent P2.2 million for its various undertakings, and P2 million out of its P2.7-million budget in 2017. It was thus able to realize savings of about P800,000 annually.

The Comptrollers’ Circle also promotes teamwork, employee satisfaction and camaraderie through its annual general assemblies and fellowships which are usually held during the Christmas season.

According to Noel Rabaja, Tax Accounting & Risk Advisory country leader at SGV & Co., the Comptrollers’ Circle’s milestone is “a testament to the Lopez Group’s commitment to the continuing development of its people.

He also described the general assemblies as “an excellent way of preparing the members of the comptrollers’ group every year for the recent and upcoming changes in accounting, tax and other regulatory matters that relevant to your business.”

Members’ dedication

“The learnings from the conference complement the dedication and hard work of the members of the comptrollers’ group in contributing to the success of the entire Lopez Group,” Rabaja added.

Ma. Gracia Casals-Diaz of R.G. Manabat & Co., who has been a resource person at Comptrollers’ Circle seminars since 2008, said: “I readily recognized how the interaction would facilitate understanding and compliance with standards and regulations. I witnessed how serious they were during the sessions and how important it was for them to apply the learnings in their respective offices and functions. …The good practice of learning has become a culture.”

The Lopez Group Comptrollers’ Circle Core Team is currently composed of Jingle Hernandez of Lopez Inc., Lanie Caimol of Lopez Holdings Corporation, Jei-Jei Gertes of Third Generation Holdings, Mina Ubaña of First Philippine Holdings Corporation and Aldrin Cerrado of ABS-CBN Corporation.

Presentacion Lopez-Psinakis (center), former chair of Lopez Inc., delivered the inspirational message in 2011Presentacion Lopez-Psinakis (center), former chair of Lopez Inc., delivered the inspirational message in 2011

Members join the PICPA international conference in 2014 in Tokyo, where Amb. Manuel M. Lopez was the keynote speakerMembers join the PICPA international conference in 2014 in Tokyo, where Amb. Manuel M. Lopez was the keynote speaker

Lopez Holdings president, COO and CFO Salvador G. Tirona introduces Eugenio Lopez III, chairman emeritus of ABS-CBN, for the inspirational message at the 19th general assembly in 2018Lopez Holdings president, COO and CFO Salvador G. Tirona introduces Eugenio Lopez III, chairman emeritus of ABS-CBN, for the inspirational message at the 19th general assembly in 2018

ALKFI chair Gina Lopez receives the Comptrollers’ Circle’s donation for Ondoy victims from then Lopez Group comptroller Pearl Catahan during the 10th anniversary in 2009ALKFI chair Gina Lopez receives the Comptrollers’ Circle’s donation for Ondoy victims from then Lopez Group comptroller Pearl Catahan during the 10th anniversary in 2009

Special guest of honor Sen. Miriam Defensor-Santiago during the 15th anniversary with Catahan and Ramon Pagdagdagan in 2014Special guest of honor Sen. Miriam Defensor-Santiago during the 15th anniversary with Catahan and Ramon Pagdagdagan in 2014

One of the accounting, tax, government regulatory standards and employee wellness seminarsOne of the accounting, tax, government regulatory standards and employee wellness seminars

The Core Team of Lanie Caimol, Jingle Hernandez, Mina Ubaña, Aldrin Cerrado and Jei-Jei Gertes with the Comptrollers’ Circle familyThe Core Team of Lanie Caimol, Jingle Hernandez, Mina Ubaña, Aldrin Cerrado and Jei-Jei Gertes with the Comptrollers’ Circle family

More Filipinos receive Kapamilya love from ‘Pantawid ng Pag-ibig’

Published on Thursday, 20 August 2020 | Hits:566

More Filipinos receive Kapamilya love from ‘Pantawid ng Pag-ibig’

Kapamilya love reached more Filipinos as ABS-CBN Foundation Inc.’s (AFI) “Pantawid ng Pag-ibig: Isang Daan, Isang Pamilya” campaign distributed food packs and ligtas bags outside Metro Manila for those greatly

Mayors express gratitude wellness. to ABS-CBN, AFI

Published on Thursday, 18 June 2020 | Hits:572

Local government units (LGUs) found it challenging to quickly provide relief to families affected by the quarantine. That is why several mayors in Metro Manila and nearby provinces have expressed

‘Pantawid ng Pag-ibig’ gears up for 2nd phase

Published on Thursday, 18 June 2020 | Hits:536

‘Pantawid ng Pag-ibig’ gears up for 2nd phase

As Filipino families continue to struggle with the loss of jobs, ABS-CBN Foundation Inc. (AFI) moves to the second phase of the “Pantawid ng Pagibig” campaign with the aim of

Over 600,000 families to benefit as ‘Pantawid ng Pag-ibig’ raises P350M

Published on Tuesday, 19 May 2020 | Hits:615

Over 600,000 families to benefit as ‘Pantawid ng Pag-ibig’ raises P350M

The “Pantawid ng Pag-ibig” campaign of ABS-CBN and ABS-CBN Foundation Inc. (AFI) has raised P350 million in cash donations and pledges for the benefit of over 600,000 families in Metro

ABS-CBN reaches out to evacuees via ‘Tulong-Tulong sa Taal’

Published on Thursday, 06 February 2020 | Hits:559

ABS-CBN reaches out to evacuees via ‘Tulong-Tulong sa Taal’

NO evacuee will be left behind. This is the promise of ABSCBN as it launches the “Tulong-Tulong sa Taal” campaign, which aims to unite the nation in helping Filipinos affected

ABS-CBN Foundation Europe to hold telethon for London Grenfell Tower fire victims

Published on Friday, 23 June 2017 | Hits:4193

ABS-CBN Foundation Europe to hold telethon for London Grenfell Tower fire victims

ABS-CBN Foundation Europe CIO joins public and private support for the victims of the massive fire that hit the 24-storey residential London Grenfell Tower in West London on June 14

Donate to Operation Sagip Surigao to help earthquake victims

Published on Friday, 17 February 2017 | Hits:4475

Donate to Operation Sagip Surigao to help earthquake victims

A state of calamity has been declared by the Mayor of Surigao City. Relief and rescue operations are underway for the barangays that have been affected.

Bulusan workers turn to backyard farming for steady food supply

Published on Tuesday, 19 May 2020 | Hits:1228

Bulusan workers turn to backyard farming for steady food supply

The Rural Workers Association of San Rafael (RWASR) based in Bulusan, Sorsogon, which runs Nasipit Eco-Agri Farm, has a simple message for their fellow Filipinos: “There is no problem we

‘Ligtas Pilipinas’ helps educate Filipinos on COVID-19

Published on Thursday, 16 April 2020 | Hits:1128

‘Ligtas Pilipinas’ helps educate Filipinos on COVID-19

ABS-CBN helps arm Filipinos with relevant information to stop the spread of disease through its “Ligtas Pilipinas sa COVID-19” campaign on radio, TV and online.

ABS-CBN delivers protective gear, food to health workers

Published on Thursday, 16 April 2020 | Hits:1282

ABS-CBN delivers protective gear, food to health workers

HELP came through for health workers in East Avenue Medical Center after ABS-CBN delivered masks and other protective gear and snacks to show support and Kapamilya love to those leading

‘G Diaries’ bags academic excellence awards

Published on Monday, 09 March 2020 | Hits:936

‘G Diaries’ bags academic excellence awards

“Maraming, maraming salamat po sa award na ipinagkaloob ninyo sa amin. Alay namin ito sa kapatid kong si Gina Lopez,” said “G Diaries” host and Bantay Bata 163 executive director

Finally home

Published on Monday, 09 March 2020 | Hits:999

Finally home

She could hardly contain her joy and excitement when she saw her son walking towards her. She welcomed him with tight hugs and happy tears as a loving mother would

ALKFI renames building in honor of Gina Lopez

Published on Monday, 09 March 2020 | Hits:760

ALKFI renames building in honor of Gina Lopez

ABS-CBN Lingkod Kapamilya Foundation Inc. (ALKFI) renamed its building Gina Lopez Building in honor of its late chairperson and founder of ALKFI programs Bantay Bata 163 and Bantay Kalikasan.

Fighting child malnutrition with Alaska Milk

Published on Thursday, 06 February 2020 | Hits:966

Fighting child malnutrition with Alaska Milk

ACCORDING to UNICEF, 95 children in the Philippines die every day because of malnutrition. This is one of the reasons Alaska Milk Corporation supports the advocacy of ABS-CBN Lingkod Kapamilya

Bantay Bata, Globe activate #163 helpline for free

Published on Monday, 16 December 2019 | Hits:1464

Bantay Bata, Globe activate #163 helpline for free

IN 2015, Unicef and the Council for the Welfare of Children conducted the National Baseline Study on Violence Against Children in the Philippines, which indicated that eight out of 10

For the Love of Children

Published on Friday, 05 January 2018 | Hits:1480

For the Love of Children

  For the Love of Children For the Love of Children   These children live everyday making ends meet without losing hope that a better future awaits them. Together, let’s keep their hopes alive

New World Hotels & Resorts Hold Run & Raise 2018

Published on Wednesday, 20 December 2017 | Hits:1774

New World Hotels & Resorts Hold Run & Raise 2018

New World Hotels and Resorts gears up for another exciting edition of Run & Raise in 2018. Now on its fourth year, Run & Raise 4 will be held at

More Articles from Lopezlink

First Gen attributable recurring net income at $59M

First Gen attributable recurring net income at $59M

COVID-19 and your eyes

COVID-19 and your eyes

PH ambassador to the US visits ABS-CBN

PH ambassador to the US visits ABS-CBN

ABS-CBN digital campaigns bag 3 Stevie Awards

ABS-CBN digital campaigns bag 3 Stevie Awards

Okada Manila taps SKY for pay TV, broadband service

Okada Manila taps SKY for pay TV, broadband service

Stories behind controversial videos revealed in ‘Viral’

First Balfour maintains triple ISO certification for 19 straight years

First Balfour maintains triple ISO certification for 19 straight years

Milestone of Asian Eye Institute

Pi Energy, Climargy forge energy efficiency partnership

SKY Fiber gives subscribers free access to AirConsole Hero

SKY Fiber gives subscribers  free access to AirConsole Hero

Together we have stepped up

Together we have stepped up

Batangas hospital taps EDC for clean, renewable energy

Batangas hospital taps EDC for clean, renewable energy

T1 Rentals to roll out 2nd batch of equipment for auction before year’s end

T1 Rentals to roll out 2nd batch of equipment for auction before year’s end

Social entrep rooted in Lopez Values

Social entrep rooted in Lopez Values

Ronald Arguelles: 99 movies and counting

Ronald Arguelles: 99 movies and counting

Bantay Bata 163Corporate Social Responsibility the Lopez Way

Bayan Academy Calendar

BAYAN Academy offers the following certificate training courses this month:

June 18-19: Market Research

June 25-26: Human Resource Management For rates, call Carol Arcaya at 426-3140. Bayan Academy reserves the right to change course dates.

 

June 18-19:

Subscribe to Lopezlink

Lopez Holdings Corp. All rights reserved



About Us | Copyright | Sitemap | Archive