Development Center for Finance

The Development Center for Finance (DCF) was jointly established by the Financial Executives Institute of the Philippines Research and Development Foundation, Inc. and the University of the Philippines College of Business Administration in December 1992. The founding trustees were: Gerardo Agulto, Eduardo R. Alvarez, Bienvenido M. Aragon, Adriano A. Arcelo, Manuel Q. Bengson, Dennis C. Decena, Erlinda S. Echanis, Corazon R. Estrella, Edwin V. Fernandez, Conchita L. Manabat, Rafael A. Rodriguez, Emerlinda R. Roman, Mercedes B. Suleik, Josefina N. Tan and Roy C. Ybañez.

DCF is dedicated to the promotion and enhancement of Philippine financial markets, the advancement of financial management practice, and professional development for practitioners.

DCF endeavors to contribute to these concerns by offering training seminars for finance practitioners in various sectors of industry and across different levels of management responsibility. The Center also pursues the development of financial management practice and financial markets through policy and market research, policy dialogues and publications.

Officers

Members of the Executive Committee

	Conchita L. Manabat
	Corazon R. Estrella
	Josefina N. Tan
	Roy C. Ybañez
	Edwin B. Fernandez

Members of the Investment Committee

Publications

Management Accounting and Control: Text and Philippine Cases

Joint publication with the FINEX Research and Development Foundation, Inc. and the FINEX-PACSB-CB Fund

Investment Management and the Philippine Stock Market, 2nd Edition

	Joint publication with the Asian Securities Industry Institute (ASII) and the FINEX Research and Development Foundation, Inc.
	Winner:  Manila Critics Circle 1995 National Book Award for Business and Economics

Best Book for 1995, U.P. Diliman Gawad Chancellor Awards

Philippine Corporate Finance

Joint publication with the FINEX Research and Development Foundation, Inc. and the FINEX-PACSB-CB Fund

Training Programs in 2008

	Fundamental Concepts in Financial Management: Accounting, Economics and Quantitative Methods		July 5, 12 & 19
	Financial Statement Analysis and Forecasting (with Spreadsheet Modeling)		August 9, 16 & 23
	Capital Budgeting, Capital Structure and Cost of Capital		September 6, 13 & 20
	Advanced Financial Analysis and Financial Reporting Issues		October 4 and 11
	Risk Analysis and Management		October 18 & 25

The Financial Management and Analysis Test (FMAT)

A joint undertaking with the FINEX Research and Development Foundation Inc., the Financial Management and Analysis Test (FMAT) promotes the professionalization of financial management practice in the Philippines by offering an objective means of assessing the skills and knowledge of finance applicants/practitioners in the following core disciplines in the field: financial and management accounting, corporate finance, and economics. The FMAT is a 9-hour examination which is taken in modules.

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