Cebu City MSMEs get advice on budgeting, navigating financial regulations, and improving existing accounting processes

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A total of 203 BARUG Cebu City advocates and Cebu City MSMEs participated in the Basic Bookkeeping, Accounting, and Financial Literacy. The Financial Management training programs organized by the Cebu Chamber of Commerce and Industry (CCCI), in partnership with the Cebu City Government under the Cebu Investment Development Concierge Center (CIDCC) Project last February 22-23, 2023 (Wednesday and Thursday) held at Cebu Fort San Pedro, Cebu City.

Deemed vital and minimum in running a business, the two (2) day-training is a re-run and designed to equip participants with the necessary skills and knowledge in basic bookkeeping and accounting, financial literacy, and financial management that is informative, engaging, and relevant to their work and daily lives.

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Day 1 tackled the basics of bookkeeping, accounting, and financial literacy ranging from accounting equations to financial statements, as well as concepts like budgeting, saving, and investing with 100 participants, while Day 2 covered topics on financial planning and analysis, budgeting, cash management, credit management, and risk management with 103 attendees.

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Atty. Rheneir P. Mora, a Certified Public Accountant and the CEO of Sphinx Consulting Group Inc., shared valuable insights and practical tips on how to manage finances effectively.

The Cebu Chamber with the Cebu City Government remains steadfast in its advocacy for upskilling and reskilling to improve the livelihood and income streams of the micro and small entrepreneurs from different livelihood groups in the city.

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To stay updated on CCCIs upcoming events and webinars, visit the CCCI Facebook Page at or call the CCCI office at 232 1421-24.