homework sa entrep

7/29/2019 Homework Sa ENTREP

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Homework sa ENTREP: Explain yung jobs ng bawat regulatory

agencies, kung para saan silang business kailangan at kung anong

purpose ang na-seserve nila.

1. BSP

2. SEC

3. DTI

4. DOLE

5. DOF

6. DEPED

7. CRAME

8. BFAD9. DOTC

Roles and responsibilities bsp

As prescribed by theNew Central Bank Act, the main functions of

the Bangko Sentral are:

1. Liquidity Management, by formulating andimplementing monetary policy aimed at influencing

money supply, consistent with its primary objective to

maintain price stability,

2. Currency issue; the BSP has the exclusive power to issuethe national currency. All notes and coins issued by the

BSP are fully guaranteed by theGovernmentand are

consideredlegal tenderfor all private and public debts,

3. Lender of last resort, by extending discounts, loans andadvances to banking institutions for liquidity purposes,

4. Financial Supervision, by supervising banks andexercising regulatory powers over non-bank institutions

performing quasi-banking functions,

5. Management of foreign currency reserves, bymaintaining sufficient international reserves to meet

any foreseeable net demands for foreign currencies in

order to preserve the international stability andconvertibility of the Philippine peso,

6. Determination of exchange rate policy, by determiningthe exchange rate policy of the Philippines. Currently,

the BSP adheres to amarket-oriented foreign exchange

ratepolicy, and

7. Being the banker, financial advisor and officialdepository of the Government, its political subdivisions

and instrumentalities and GOCCs.

Responsibilities

The SEC administers a number of the most important reform

measures of the New Deal: the Securities Act of 1933, the

Securities Exchange Act of 1934, the Public Utility Holding

Company Act of 1935, the Trust Indenture Act of 1939, the

Investment Company Act of 1940, and the Investment Advisers

Act of 1940. In addition it may act as a participant in corporate

reorganizations in the federal courts under the National

Bankruptcy Act.

The first three of these statutes were passed in response to the

pressure for greater protection of investors that developed as a

result of the drastic decline in values of securities after Oct.,

1929, the revelation of fraudulent and unfair practices in the

sale of stocks and bonds, and the widespread belief that such

practices had contributed to the severity of theGreat

Depressionof the 1930s.

The Securities Act of 1933 is intended to compel full disclosur

to investors of material facts about securities offered and sol

interstate commerce or through the mails. It requires that

before an issue of securities may be offered for public sale th

issuer must file with the SEC a registration statement giving

complete information on such securities and on the issuing

company. Dealers in securities must provide their customers

with a condensation of the data in the statement. The SEC

examines the statement and may refuse registration if it app

to be misleading, inaccurate, or incomplete. If registration is

denied, the securities may not be offered for sale. However,

approval of the statement is not a finding by the SEC that the

securities have investment value, or even a guarantee that th

disclosures are accurate.

The Securities Exchange Act of 1934 is designed to increase t

information available to investors and to prevent unfair

practices in U.S. stock exchanges. It requires that certain curr

information be made public on the financial and managerialcondition of corporations whose securities are traded in the

exchanges. A registration statement containing such data for

each listed security must be submitted to the SEC. The act als

places the stock exchanges and over-the-counter markets un

the SEC's supervision. Stock exchanges, brokers, and dealers

must file information about themselves with the commission

Manipulative practices and false and misleading statements a

prohibited. Other practices, such as short sales and market

pegging, are regulated. Officers, directors, and principal

stockholders of corporations whose securities are registered

must report all their transactions in equity securities of their

companies. The Board of Governors of the Federal Reserve

System is responsible for regulating by means of margin

requirements the use of bank credit to finance trading in

securities.

The Public Utility Holding Company Act regulates the financia

practices of holding-company systems controlling electric and

gas utilities. It provides for registration of holding companies,

elimination of uneconomic holding-company structures, and

supervision of their transactions in securities and of certain o

their financial practices. The SEC must pass upon all plans for

reorganization of such companies or their subsidiaries and m

require the corporate simplification and geographic integrati

of holding-company systems. However, it does not regulatepublic-utility rates. This act was upheld by the Supreme Cour

1946.

The Trust Indenture Act requires that securities of trustees m

satisfactory standards, and it also sets up qualifications for

trustees. The Investment Company and Investment Advisers

provide for registration and regulation of investment trusts,

investment companies, and investment advisers.

The various laws administered by the SEC are intended to giv

investors a greater degree of safety in entrusting their money

enterprises than was previously afforded them. With these la
http://www.bsp.gov.ph/about/charter.asphttp://www.bsp.gov.ph/about/charter.asphttp://www.bsp.gov.ph/about/charter.asphttp://en.wikipedia.org/wiki/Government_of_the_Philippineshttp://en.wikipedia.org/wiki/Government_of_the_Philippineshttp://en.wikipedia.org/wiki/Government_of_the_Philippineshttp://en.wikipedia.org/wiki/Legal_tenderhttp://en.wikipedia.org/wiki/Legal_tenderhttp://en.wikipedia.org/wiki/Legal_tenderhttp://en.wikipedia.org/wiki/Lender_of_last_resorthttp://en.wikipedia.org/wiki/Lender_of_last_resorthttp://en.wikipedia.org/wiki/Floating_exchange_ratehttp://en.wikipedia.org/wiki/Floating_exchange_ratehttp://en.wikipedia.org/wiki/Floating_exchange_ratehttp://en.wikipedia.org/wiki/Floating_exchange_ratehttp://www.infoplease.com/ce6/history/A0821657.htmlhttp://www.infoplease.com/ce6/history/A0821657.htmlhttp://www.infoplease.com/ce6/history/A0821657.htmlhttp://www.infoplease.com/ce6/history/A0821657.htmlhttp://www.infoplease.com/ce6/history/A0821657.htmlhttp://www.infoplease.com/ce6/history/A0821657.htmlhttp://en.wikipedia.org/wiki/Floating_exchange_ratehttp://en.wikipedia.org/wiki/Floating_exchange_ratehttp://en.wikipedia.org/wiki/Lender_of_last_resorthttp://en.wikipedia.org/wiki/Legal_tenderhttp://en.wikipedia.org/wiki/Government_of_the_Philippineshttp://www.bsp.gov.ph/about/charter.asp


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the emphasis in determining responsibility for the quality and

condition of goods sold has shifted from the buyer to the seller.

However, the statutes do not guarantee investors against loss. It

is perhaps no more difficult for them to lose their money than

before. The regulatory measures were at first bitterly opposed

by the financial community, on the ground that they imposed

such severe limitations and liabilities on security issuers and

dealers as to impede the financing of industry. Persons

aggrieved by the decisions of the SEC have a right of review by a

U.S. circuit court of appeals. The original penalties of the

Securities Act of 1933 were softened in 1934. Governmental

supervision has won generally increasing acceptance by theinterests concerned.

Who We Are

The Department of Trade and Industry (DTI) is the primary

government agency with the two-pronged mission of:

Enabling business Empowering consumers

What Our Main Role Is

The Department is committed to improve the Filipinos' quality of

ife and reduce poverty through:

Inclusive economic growth Employment generation

What Our Focus Is

DTI is focused on undertaking programs, activities, and projects

(PAPs) that:

Expand exports Increase investments Support and strengthen MSMEs Ensure value for money of consumers, and Pursue good governance

Vision

We see the Philippines occupying its rightful place in a

community of nations, prosperous and free.

Together with business, we are an active and leading partner in

propelling the Philippines toward an inclusive, dynamic, and

thriving economy. Our success is anchored on global

competitiveness, with social responsibility and consumer

welfare as our platform. In all of these, we adhere strictly to the

tenets of professionalism, integrity and transparency.

We continue to be the public's Agency of Choice, an

organization where creativity, innovation, professional, and

personal growth find full expression.

We are ONE DTI.

Functions and Responsibilities / Key Projects and Activities DO

[edit] Vision, Mandate and Strategies

Consistent with the national development plan, its vision is th

attainment of full, decent and productive employment for eve

Filipino worker. It is mandated to promote gainful employme

opportunities, develop human resources, protect workers and

promote their welfare and maintain industrial peace. To

contribute to the attainment of the national employment goa

it adopts the following strategies:

[edit] Support for Employment Generation

While DOLE recognizes that the private sector is the primary

engine of economic growth and that other government agenc

that promote development through investments and

infrastructure are the more significant employment generato

DOLE still contributes in this area by providing bridging or

transition opportunities, especially to the vulnerable sectors,

help them graduate into more productive, remunerative, secu

or more formal employment or livelihood.

Major Programs:

1. Research and Policy Advocacy for EmploymentGeneration

2. Capacity Building for Specific Sectors3. Promotion of Rural and Emergency Employment

Principal duties and responsibilities of the Finance Departmen

The Finance Department supports the PCT on a day to day bas

to assist in the delivery of the business plan, national and loca

priorities and corporate objectives.

Specifically, the principal duties and responsibilities of the

Finance Department are as follows:

To support to the PCT in securing financial balance which will

include the determination and establishment of cash releasing

efficiency savings required to ensure financial balance and to

advise the PCT on strategic and operational matters relating t

finance.

To oversee receipt of allocations and to maintain records for

resource planning assumptions and commitments to underpin

the strategic financial plan for the PCT.

To lead the annual budget setting process and ensure that

financial and budgetary information is available to all levels of

the organisation in a timely and accurate manner.

To contribute to the operational and business planning activit

of the PCT.

Provide advice and training on corporate governance issues.

To provide expert support and advice to all those with budget
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responsibility and ensure that all budget managers receive

appropriate training and development to facilitate the best

possible standards of service within available resources.

To ensure that there is a rolling programme of capital investment

within the PCT that meets and recognises the requirements of

the organisation.

To ensure that appropriate controls and systems are in place for

the management, monitoring and effective reporting of all

aspects balance sheet, cash and budgetary amounts, and to

advise and bring to the attention of the Board any areas ofconcern.

To develop and review financial systems, procedures and

controls to ensure that the budgetary, accounting, income and

expenditure systems operate efficiently to the highest

professional standards.

To ensure that the Standing Orders and Standing Financial

nstructions are correct in order to maintain the Trust's financial

controls, and to ensure compliance across the PCT as well as

conducting induction sessions and relevant financial training

within the organisation.

To co-ordinate the monitoring of financial performance against

plan and to advise the Board of major variances and year end

projections.

To prepare monthly reports to the PCT Boards on all aspects of

financial performance, linking this with other key performance

ndicators.

To play a key role in the interpretation of national policies and

practices in assessing the financial risks and impact of the

mplementation of these policies.

To provide overall assurance to the Board that the PCT will meet

their key statutory financial targets, remaining within the

allocated cash limit and capital resource limit and other non-

statutory targets such as the Better Payment Practice Code or

advise of remedial action as soon as may be required.

To ensure that the annual statutory accounts are prepared and

completed in line with the national timetable and to the highest

standard.

To interpret and apply the concepts and principles contained

within the DOH's Manual for Accounts, and national accountingstandards and policies in the production of the year-end financial

statements, and provide expert knowledge and financial advice

n the interpretation of these concepts and principles.

To ensure that all payments to suppliers, NHS Providers, General

Practitioners, Dentists are made on time, appropriately

authorised and in accordance with national guidance and

procedures.

To oversee the work of the PCTs' internal auditors.

The Finance Department aims to deliver these duties as

efficiently as possible to the highest professional standards.

The Finance Department consistently evaluates its performan

against both internal and external standards e.g. Auditors Loc

Evaluation (ALE) and has itself agreed a small number of

standards that it can measures itself against throughout the y

Functions and Responsibilities

[edit] Organization

Office of the Secretary

Administrative Services - Responsible for providing theDepartment with economical, efficient, and effective

services relating to legal assistance, information records,

supplies, equipment, security and custodial work.

Office of the Director Legal Division General Services Division Dental Clinic Medical Clinic Radio Communication Network Unit Security Service Unit Records Division Property Division Teachers Camp

Financial and Management Service Budget Division Accounting Division Management Division Payroll Services Division Systems Division Cash Division.

Human Resource Development Service - Develops andadministers personnel programs which include selection

placement, classification and pay, career and employmen

development performance appraisal, employee relations

and welfare services.

Personnel Division Projects

Monitoring and evaluation of PersonnelRecords and Current Personnel Actions in th

different Regional and Division Offices.

Establishment of the DECS PersonnelInformation System (PIS)

National Search Committee
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Revision of the DECS Performance AppraisalSystem (PAS)

DECS-PLM Off-Campus Masteral and DoctoralPrograms

Review of Position Description to updateposition titles in DECS

Personnel Audit of Schools and Personnel ofthe Central Office

Employees Welfare and Benefits Division DECS Provident Fund DECS Expanded Shelter Program DECS Cooperative Program DECS Employees Suggestion and Incentive Awards

System (ESIAS)

Pre-Retirement Innovation and Option for Results(PRIOR)

DECS-PVB Financial Assistance DECS Hospitalization Fund Program

Staff Development Division Special Programs

Values Orientation Workshop Human Rights Education Peace Educations Gender and Development Graft and Corruption Prevention Education

Programs Local and Foreign Scholarships Skills Enhancement Programs of DECS Non-

Teaching Personnel

Computer Literacy Programs Career Planning and Development Automatic Progression Scheme Alternative Training Delivery Systems The Distance Training Program (DTP) Expanded Shelter Program DECS Provident Fund DECS Hospitalization Guarantee Fund Program DECS Grievance machinery DECS Employees Suggestions and Incentives

Awards System

DECS Teachers and Employees Cooperatives Pre-Retirement Innovations and Options for

Results

Planning Service - Responsible for providing the departmwith effective and efficient services like generating and

processing of education- related data, developing

educational programs/projects, program monitoring,

assessment and evaluation, planning and programming o

educational facilities and providing technical assistance to

requesting offices from the national to the sub-national

levels related to the planning and related activities.

Planning and Programming Division Project Development and Evaluation Division Research and Statistics Division Physical Facilities Division

Technical Service Materials Production and Publication Division Educational Information Division Audio-Visual Division Educational Technology Unit

DONA

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