Quilaton-Malik & Co., CPAs

Quilaton-Malik & Co. CPAs
Accounting Office,
BGC, Taguig City

ACPAPP General Membership Meeting at SGV.

Hail to the Chiefs!

Thankful to be part of the pioneer golf tournament at NCAA Season 101. ⛳️

Inaugural NCAA Golf Season 101 at Wack Wack Golf and Country Club. ⛳️
Thank you to AUSL Board of Trustees, Atty. Gabriel Dela Pena, and the Arellano Law Golf Club for giving us this opportunity to represent our school at .
Supreme Court Justice Mario V. Lopez led the ceremonial tee-off.
!

You can move your ₱1,000,000 twenty (20) times in a bank and call it ₱20,000,000 in cash transactions…

But at the end of the day, you (still) only have ₱1,000,000.

Profit does not equal cash.

That’s why the Statement of Cash Flows matters.

(Photo not mine, for Illustration purposes only).

I always say this when explaining my favorite topic in Accounting, the Statement of Cash Flows:

Profit does not equal cash.

This is where accounting stops being theory.

🔹 Operating Activities
Where cash really comes from (or doesn’t).
Profit can be high… but if customers don’t pay, cash is low.

🔹 Investing Activities
Growth costs cash.
Buying assets (with high cash transaction) reduces cash today, even if profits look fine.

🔹 Financing Activities
When operations fall short, cash comes from funding, loans, capital, or investors.

You can have high total cash transactions during the year…

and still end with low cash in the bank.

Once people understand this, everything changes.

You can move your ₱1,000,000 twenty (20) times in a bank and call it ₱20,000,000 in cash transactions…

But at the end of the day, you (still) only have ₱1,000,000.

Profit does not equal cash.

That’s why the Statement of Cash Flows matters.

(Photo not mine, for illustration purposes only).

FINALLY!!!
𝗘𝗫𝗖𝗜𝗦𝗘 𝗧𝗔𝗫𝗘𝗦 𝗢𝗡 𝗟𝗣𝗚 𝗔𝗡𝗗 𝗞𝗘𝗥𝗢𝗦𝗘𝗡𝗘 𝗔𝗥𝗘 𝗡𝗢𝗪 𝗦𝗨𝗦𝗣𝗘𝗡𝗗𝗘𝗗

President Ferdinand R. Marcos Jr. issued Executive Order No. 114 on April 16, 2026, entitled “TEMPORARILY SUSPENDING THE EXCISE TAXES ON SPECIFIC PETROLEUM PRODUCTS PURSUANT TO SECTION 148 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED.”

Specifically, Executive Order No. 114 fully suspends the “excise taxes on Liquefied Petroleum Gas (LPG), except when used as raw material for production of petrochemical products or used for motive power, and kerosene, except when used as aviation fuel” for a period of three months, subject to monthly review by the Development Budget Coordination Committee (DBCC).

Proud to be recognized as an ASEAN CPA. 🌏
A distinction grounded in discipline, driven by purpose, and defined by impact beyond borders.
Honored to be part of the ASEAN CPA Conferment Ceremonies.

ASEAN Chartered Professional Accountant