Audited Financial Statement

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Audited Financial Statement

Post by tresoctavo on Sat Dec 15, 2012 11:23 am

Tanong lang...kung grounds ba for disqualification ang hindi pagsama ng STATEMENT OF
CASH FLOW sa submission ng Audited Financial Statement in the bid documents?

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Re: Audited Financial Statement

Post by RDV @ GP3i on Mon Dec 17, 2012 1:07 pm

tresoctavo wrote:Tanong lang...kung grounds ba for disqualification ang hindi pagsama ng STATEMENT OF
CASH FLOW sa submission ng Audited Financial Statement in the bid documents?

For purposes of determining financial eligibility, only an Audited Financial Statement is required (aside from NFCC or CLC). Therefore, a bidder should not be declared ineligible if a Cash Flow Statement is not included. However, if a Cash Flow Statement is required to be submitted as part of the financial proposal/bid, the absence of a CFS could be a basis for disqualification using the pass-fail criteria.
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Re: Audited Financial Statement

Post by iamcris on Mon Dec 17, 2012 9:37 pm

only an Audited Financial Statement is required (aside from NFCC or CLC). Therefore, a bidder should not be declared ineligible if a Cash Flow Statement is not included.

I think "Cash Flow Statement" is one of the "Financial Statements" along with Statement of Income and Expenses, Statement of Owners Equity, etc.

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Re: Audited Financial Statement

Post by regina avelino on Wed Dec 19, 2012 10:35 am

Audited Financial Statements includes the following:
1. Independent Auditor's Report;
2. Statement of Management Responsibility;
3. Balance Sheet;
4. Statement of Income;
5. Statement of Changes in Stockholder's Equity;
6. STATEMENT OF CASH FLOWS;
7. Note to Financial Statements

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