Junior Business Managers of Holy Child Academy

“Magiging CPA na yang anak namin na yan.”

Me:

ETO NA!! 😍

Come and experience fun in colors!! ❤️

Registration will start at 5 AM.
Don't forget to bring your tickets 😉

See you! 😍

Enrollment for Academic Year 2019-2020 is now open!!

Visit us in the admissions office and get a chance to avail our tuition fee discount!! :)

ABM students may they serve as your inspiration. 😇

WHAT IS A BALANCE SHEET?

Balance Sheet – a.k.a. Statement of Financial Position


A balance sheet shows the financial position or condition of a company as of a certain date. It is also called Statement of Financial Position.


Financial position pertains to the resources owned and controlled by the company (assets), and the claims against them (liabilities and capital).

Hence, if you have a report that presents a company's assets, liabilities and capital, then you are probably looking at a company's balance sheet.

Balance Sheet Example

Here is a sample balance sheet for Strauss Printing Services, a service type sole proprietorship business. (REFER TO IMAGE)

All amounts are assumed and simplified for illustration purposes.

[Explanation and Pointers]

1. A Balance Sheet shows the financial position or condition of the company; thus, it is also called "Statement of Financial Position".

2. A typical balance sheet starts with a heading which consists of three lines. The first line presents the name of the company; the second describes the title of the report; and the third states the date of the report.

3. Notice that the third line is worded "As of..." Unlike the other components of the financial statements which cover a span of time ("For the period ended.."), the balance sheet presents information as of a certain date (at a specific point in time). In the above example, the contents of the balance sheet pertain to the financial condition of the company on December 31, 2017.

4. A balance sheet summarizes the assets, liabilities, and capital of a company. Assets refer to properties owned and controlled by the company. Liabilities are obligations to creditors, lenders, etc. And capital represents the portion left for the owners of the business after all liabilities are paid. For detailed lessons about assets, liabilities and capital, check out the Elements of Accounting.

5. Assets and liabilities are classified as either current or non-current. Current assets are properties that will be converted into cash within 12 months or within the operating cycle of the business. Current liabilities are due within 12 months or within the operating cycle. Non-current assets and non-current liabilities are those that do not meet the above qualifications.

6. "Total assets" and "total liabilities and capital" should always be equal.

7. The capital amount, P147,100 for Strauss, Capital, was actually taken from the Statement of Owner's Equity.

8. The balance sheet may be presented in two forms: account form and report form. In account form, assets are presented on the left side while liabilities and capital are presented on the right. In report form, assets are presented first and then followed by liabilities and capital. The example above is presented using the report form.

9. Good accounting form suggests that a single line is drawn every time an amount is computed. It signifies that a mathematical operation has been completed. The "total assets" and "total liabilities and capital" amounts are double-ruled.

In consideration of the current weather in Bustos, HCA management have decided to cancel the classes for today.

Thank you for your time and effort students, officers, proctors and especially to our adviser Mr. Jonas Javier for a successful event yesterday! May God continue to give us strength and intelligence to do great things more! 'Til our next event hcans! ❤️

Love,
JBMHCA

July 13, 2018

Congratulations to the winners of our quiz bowl competition! Good job students ⭐️

The winners received medals, certificates and cash prize

July 13, 2018

Quiz Bowl Competition

July 13, 2018

Seminar about Personality Development

July 13, 2018

Induction of officers

Fighting ✊🏻

Congratulations to the newly elected officers of JBMHCA for school year 2018-2019 🎉

Executive Director- Bryll Reyes

Vice President for Finance- Angeline Sarmiento

Vice President for Academics- Roselle Sison

Vice President for Non-Academics - Gabriel Yanson

Vice President for Audit- Carl Dungao

Vice President for Communications- McJoven Reclusado

Vice President for Membership- Ann Fellizar

Grade 12 Representatives:
1. Mariel Paglinawan
2. Claire Hernandez

Grade 11 Representatives:
1. Danielle Quiambao
2. Rona Sumaway

Adviser: Mr. Jarvis C. Javier

Election of Officers

ANNOUNCEMENT:

What: Election of new officers for JBMHCA school year 2018-2019
When: June 22, 2018 (Friday) 11:00 AM
Where: JHS/SHS Library
Who: Students of grade 11 and 12 ABM

See you there!

🙅🏻

Grabe grabeee 🙄😂

-Hoshi ✨

As of 6:02 AM, please be informed that all classes within the municipality of Bustos are not suspended according to MDRRMO - Rescue 505 Bustos, Bulacan.

There's no any official announcement yet from our municipal mayor for the class suspension today (June 11, 2018)

Anyway, let's keep safe and dry everyone! Have a nice day.

Schedule of Parents’ Orientation

June 4, 2018, Monday

9:00 AM to 12:00 PM - Grade 7 to 10

1:00 PM to 4:00 PM - Grade 11 to 12

Orientation will be held at HCA Library

Attendance is a must.

Start of classes will be on June 4, 2018. Please enroll now before classes start.

Why should you choose Holy Child Academy?