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Acccob2 Portfolio: An Analysis/Reflection of The 2020 Financial Statements of San Miguel Corp

Rodrigo presented a reflection paper on the 2020 financial statements of San Miguel Corp. The paper analyzed San Miguel Corp.'s investment in equity/debt securities and inventories. It discussed how these assets were presented according to PFRS and GAAP guidelines, using Ayala Land Inc. as an example. Ayala Land Inc.'s inventory and investment accounts were elaborate and precise, categorizing specific investments. The paper concluded that despite COVID-19 impacts, Ayala Land Inc. has performed admirably over the last two years in acquiring real estate and making inventory disposals.

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Michael Allen Rodrigo
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792 views

Acccob2 Portfolio: An Analysis/Reflection of The 2020 Financial Statements of San Miguel Corp

Rodrigo presented a reflection paper on the 2020 financial statements of San Miguel Corp. The paper analyzed San Miguel Corp.'s investment in equity/debt securities and inventories. It discussed how these assets were presented according to PFRS and GAAP guidelines, using Ayala Land Inc. as an example. Ayala Land Inc.'s inventory and investment accounts were elaborate and precise, categorizing specific investments. The paper concluded that despite COVID-19 impacts, Ayala Land Inc. has performed admirably over the last two years in acquiring real estate and making inventory disposals.

Uploaded by

Michael Allen Rodrigo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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ACCCOB2

PORTFOLIO

An Analysis/Reflection of the
2020 financial statements of
San Miguel Corp.








Reflection Paper Presented
To the Accountancy Department


In Partial Fulfilment of the Course Requirements
In ACCCOB2-K50


Rodrigo, Michael Allen, R. – K50


















Investment in Equity/Debt Securities, Inventories


Ayala Land, Inc. is one of the Philippines' leading property developers. They design
master-planned communities that promote long-term development and benefit our residents,
investors, and stakeholders. They aspire to continuously improve the quality of life for all of our
clients by constructing integrated, master planned, and sustainable mixed-use communities in
vibrant development hubs around the country.

As an example, we may look at Ayala Land Inc.'s financial statements to see how these
assets should be presented according to the PFRS and GAAP guidelines. The Ayala Corporation's
real estate arm is Ayala Land, Inc. It is regarded as one of the Philippines' most powerful business
groups. Looking at Ayala Land Inc.'s inventory account from 2019 to 2020, the two accounts that
make up the real estate inventory increased dramatically by around 10 million pesos, while the
offices inventory decreased significantly, which could be due to the real estate industry's impact
from the COVID 19 crisis.

In view Ayala Land Inc.'s financial statements in seeing how these assets should be
presented in accordance with PFRS and GAAP guidance. The Ayala Corporation's real estate arm
is Ayala Land, Inc. It is regarded as one of the Philippines' most powerful business conglomerates.
Because Ayala Land Inc. is a real estate company, its inventory consists of residential,
condominium, and commercial lots, all of which are distinct from the other inventory
classifications discussed in Chapter 5: Inventories, specifically merchandise and raw materials
inventories.

Ayala Land Inc.’s investment accounts are elaborate and precise in such a way that
specific investments that make up the separate investment accounts of Financial Assets at
FVOCI, Financial Assets at FVPL, and Investments in associates and joint ventures. Ayala
Land Inc. also included a summary of inventory account movements in the financial statement
notes, demonstrating the acquisition and disposition of specific inventory accounts in full
accordance with the financial statements' faithful representation. The notes also include
information about Ayala Land's purchase commitments and other encumbrances.

In my opinion, despite the impact that the COVID 19 crisis has had on industries and the
economy as a whole not only in the Philippines but around the world, Ayala Land Inc. is operating
at a steady pace. I can say that Ayala Land Inc. has performed admirably over the last two years,
having acquired some valuable real estate and made notable inventory disposals. I can better
understand a company's performance in specific areas, such as inventory and investment accounts
in this case. Hopefully, in the future, I will be able to use this newly acquired knowledge to invest
in businesses across a wide range of industries in the Philippines, utilizing the techniques and ideas
I learned from our discussions.

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