Deals holds Microbusiness Accounting Workshop for residents of Sta. Ana, Rizal

^{Deals Manager Maita Quiocho welcomes 20 participants and members of KAMAI.} 

Deals & Corporate Finance, in association with Ateneo de Manila University’s Junior Fellowship for Financial Literacy (JFeL), held their first corporate responsibility (CR) project last 3 October 2015 through a workshop entitled Microbusiness Accounting Workshop at the 29th Floor Learning Room. 

Twenty representatives of the Kaakibat sa Kaunlaran ng mga Magulang at Mag-aaral Inc. (KAMAI), a community organization based in Sta. Ana, Taytay, Rizal,  came to learn about the fundamentals of running a business. 

As some of the attendees already have viable businesses such as rag making, soap making, rice selling, pre-school management, and cupcake baking, while some are planning to start their own business, the eagerness and enthusiasm were maintained from beginning to end.  

^{Deals Assistant Manager Marvin Alejandro shows how to easily compute the break even point.}

^{Franco, Denise and Joff hand a Certificate of Attendance to one of the trainees.} 

KAMAI members' attention remained high for the entire day as volunteers from Deals  trudged through the concepts of  variable and fixed costs, break-even point, running a successful business, bookkeeping and other financial statement transactions.

The group also learned the definition of a business entity, the law of supply and demand, pricing strategies, and fixed and variable expenses.

Conceptualized and coordinated by Deals Associate Franco Imperial, who was also a former member of JFeL, the workshop was conducted by Deals Associates Denise Senires and Jofferson Panos. Assistant Manager Marvin Alejandro lent his time to patiently teach a simplified way of computing the break-even point as well how to check for profit and loss. 

The event was led by the Deals Special Projects Committee, which includes Manager Maita Valero-Quiocho, who gave the welcome remarks that day. Markets Corporate Responsibility Manager Edwin Padillo gave the closing remarks.

^{The team together with the 20 trainees and members of KAMAI.}

Story contributed by Deals and Corporate Finance Manager Maita Valero-Quiocho and Associate Jofferson Jones Panos