JPIA Letran Calamba

𝐇𝐚𝐩𝐩𝐲 𝐁𝐢𝐫𝐭𝐡𝐝𝐚𝐲 to our responsible and dedicated VP for Audit, 𝐈𝐨𝐧 𝐁𝐚𝐫𝐠𝐨𝐦𝐞𝐧𝐭𝐨! 🎉📊

Your accuracy, commitment, and attention to detail help keep our organization organized and on track. Thank you for handling your responsibilities with excellence and for always giving your best service to your fellow JPIAns. 🐯

𝑴𝒂𝒚 𝒚𝒐𝒖𝒓 𝒅𝒂𝒚 𝒃𝒆 𝒇𝒊𝒍𝒍𝒆𝒅 𝒘𝒊𝒕𝒉 𝒋𝒐𝒚, 𝒍𝒂𝒖𝒈𝒉𝒕𝒆𝒓, 𝒂𝒏𝒅 𝒃𝒍𝒆𝒔𝒔𝒊𝒏𝒈𝒔, 𝒂𝒏𝒅 𝒎𝒂𝒚 𝒚𝒐𝒖 𝒄𝒐𝒏𝒕𝒊𝒏𝒖𝒆 𝒕𝒐 𝒂𝒄𝒉𝒊𝒆𝒗𝒆 𝒔𝒖𝒄𝒄𝒆𝒔𝒔 𝒊𝒏 𝒃𝒐𝒕𝒉 𝒂𝒄𝒂𝒅𝒆𝒎𝒊𝒄𝒔 𝒂𝒏𝒅 𝒍𝒊𝒇𝒆. 𝑯𝒂𝒗𝒆 𝒂 𝒘𝒐𝒏𝒅𝒆𝒓𝒇𝒖𝒍 𝒄𝒆𝒍𝒆𝒃𝒓𝒂𝒕𝒊𝒐𝒏! 🎂💛

-LC

𝑯𝒂𝒑𝒑𝒚 𝑩𝒊𝒓𝒕𝒉𝒅𝒂𝒚 to our dedicated 2nd Year Representative, 𝑪𝒉𝒓𝒊𝒔𝒕𝒊𝒏𝒆 𝑲𝒆𝒊𝒓𝒂 𝑵𝒂𝒅𝒂𝒍! 🎉💛

Your hard work, kindness, and commitment continue to inspire your fellow JPIAns every day. Thank you for being a reliable leader and a great support to the organization.

✨ 𝑴𝒂𝒚 𝒚𝒐𝒖𝒓 𝒅𝒂𝒚 𝒃𝒆 𝒂𝒔 𝒂𝒎𝒂𝒛𝒊𝒏𝒈 𝒂𝒔 𝒚𝒐𝒖 𝒂𝒓𝒆, 𝒂𝒏𝒅 𝒎𝒂𝒚 𝒔𝒖𝒄𝒄𝒆𝒔𝒔 𝒂𝒏𝒅 𝒉𝒂𝒑𝒑𝒊𝒏𝒆𝒔𝒔 𝒂𝒍𝒘𝒂𝒚𝒔 𝒇𝒐𝒍𝒍𝒐𝒘 𝒚𝒐𝒖! 🎂🐯

-LC

𝐖𝐚𝐫𝐦𝐞𝐬𝐭 𝐛𝐢𝐫𝐭𝐡𝐝𝐚𝐲 𝐰𝐢𝐬𝐡𝐞𝐬 𝐭𝐨 𝐨𝐮𝐫 𝐕𝐏 𝐟𝐨𝐫 𝐌𝐞𝐦𝐛𝐞𝐫𝐬𝐡𝐢𝐩! 🎉💛

Thank you for your continued efforts in strengthening engagement and building a more connected JPIA community. 𝗬𝗼𝘂𝗿 𝘄𝗼𝗿𝗸 𝗵𝗲𝗹𝗽𝘀 𝗰𝗿𝗲𝗮𝘁𝗲 𝗮 𝗺𝗼𝗿𝗲 𝗶𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗮𝗻𝗱 𝘄𝗲𝗹𝗰𝗼𝗺𝗶𝗻𝗴 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗮𝗹𝗹 𝗺𝗲𝗺𝗯𝗲𝗿𝘀. ✨

𝙒𝙞𝙨𝙝𝙞𝙣𝙜 𝙮𝙤𝙪 𝙖 𝙜𝙧𝙚𝙖𝙩 𝙗𝙞𝙧𝙩𝙝𝙙𝙖𝙮 𝙖𝙣𝙙 𝙖 𝙥𝙧𝙤𝙙𝙪𝙘𝙩𝙞𝙫𝙚, 𝙨𝙪𝙘𝙘𝙚𝙨𝙨𝙛𝙪𝙡 𝙮𝙚𝙖𝙧 𝙖𝙝𝙚𝙖𝙙. 🎂🎈

Congratulations to our 𝗕𝗮𝘁𝗰𝗵 𝟮 – 𝟰𝘁𝗵 𝗬𝗲𝗮𝗿 𝘀𝘁𝘂𝗱𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗽𝗮𝘀𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗜𝗻𝘁𝘂𝗶𝘁: 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗲𝗱 𝗤𝘂𝗶𝗰𝗸𝗕𝗼𝗼𝗸𝘀 𝗢𝗻𝗹𝗶𝗻𝗲 𝗣𝗿𝗼𝗔𝗱𝘃𝗶𝘀𝗼𝗿 certification! 🎉

This milestone highlights your growing expertise and dedication in the field—proof that you’re ready to take on real-world challenges in accounting and finance. 💻📊

𝑯𝒂𝒑𝒑𝒚 𝑩𝒊𝒓𝒕𝒉𝒅𝒂𝒚 to our incredible 3rd Year Representative! 🎉🐯

Your energy, dedication, and genuine commitment to serving your batch continue to create a meaningful impact within JPIA. Through your leadership, passion, and hard work, you help strengthen connections and inspire your fellow JPIAns to strive for excellence.

Thank you for being a dependable voice, a supportive leader, and a valuable part of the organization. May your special day be filled with love, joy, and well-deserved appreciation.

✨ 𝑾𝒊𝒔𝒉𝒊𝒏𝒈 𝒚𝒐𝒖 𝒂 𝒚𝒆𝒂𝒓 𝒇𝒊𝒍𝒍𝒆𝒅 𝒘𝒊𝒕𝒉 𝒔𝒖𝒄𝒄𝒆𝒔𝒔, 𝒈𝒓𝒐𝒘𝒕𝒉, 𝒂𝒏𝒅 𝒖𝒏𝒇𝒐𝒓𝒈𝒆𝒕𝒕𝒂𝒃𝒍𝒆 𝒎𝒊𝒍𝒆𝒔𝒕𝒐𝒏𝒆𝒔! 💛🎂

-LC

𝙒𝙖𝙧𝙢𝙚𝙨𝙩 𝙗𝙞𝙧𝙩𝙝𝙙𝙖𝙮 𝙬𝙞𝙨𝙝𝙚𝙨 𝙩𝙤 𝙤𝙪𝙧 𝙅𝙋𝙄𝘼 𝙋𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙩! 🎉

Your guidance, dedication, and strong sense of responsibility have played a vital role in shaping the organization into what it is today.

You lead 𝘯𝘰𝘵 𝘰𝘯𝘭𝘺 𝘸𝘪𝘵𝘩 𝘦𝘹𝘤𝘦𝘭𝘭𝘦𝘯𝘤𝘦, 𝒃𝒖𝒕 𝒂𝒍𝒔𝒐 𝒘𝒊𝒕𝒉 𝒊𝒏𝒕𝒆𝒈𝒓𝒊𝒕𝒚 𝒂𝒏𝒅 𝒉𝒆𝒂𝒓𝒕, 𝒍𝒆𝒂𝒗𝒊𝒏𝒈 𝒂 𝒍𝒂𝒔𝒕𝒊𝒏𝒈 𝒊𝒎𝒑𝒂𝒄𝒕 𝒐𝒏 𝒆𝒗𝒆𝒓𝒚𝒐𝒏𝒆 𝒂𝒓𝒐𝒖𝒏𝒅 𝒚𝒐𝒖.✨🐯

Thank you for your constant efforts and for setting a standard that inspires others to grow and lead. On this special day, we wish you happiness, good health, and continued success.

𝑴𝒂𝒚 𝒚𝒐𝒖 𝒌𝒆𝒆𝒑 𝒊𝒏𝒔𝒑𝒊𝒓𝒊𝒏𝒈 𝒐𝒕𝒉𝒆𝒓𝒔 𝒂𝒏𝒅 𝒂𝒄𝒉𝒊𝒆𝒗𝒊𝒏𝒈 𝒈𝒓𝒆𝒂𝒕 𝒕𝒉𝒊𝒏𝒈𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒚𝒆𝒂𝒓 𝒂𝒉𝒆𝒂𝒅.💛

-LC

Midterms start today, JPIAns! 📚✨

This is your moment to show the hard work, late nights, and dedication you’ve poured into your studies. Remember, success isn’t about being perfect—it’s about giving your best in every step you take.

Stay focused, stay calm, and trust in what you’ve prepared. You’ve come this far for a reason.

Good luck on your exams—go make yourselves proud!

💡 𝐃𝐀𝐘 𝟏𝟒 – 𝐀𝐂𝐂𝐎𝐔𝐍𝐓𝐈𝐍𝐆 𝐐𝐔𝐈𝐂𝐊 𝐐𝐔𝐈𝐙 𝐒𝐄𝐑𝐈𝐄𝐒 💡
This Week’s Focus: 𝗕𝗮𝘀𝗶𝗰 𝗗𝗲𝗿𝗶𝘃𝗮𝘁𝗶𝘃𝗲𝘀

Rule: 𝗔𝗻𝘀𝘄𝗲𝗿 𝗼𝗻𝗹𝘆 𝘄𝗵𝗮𝘁 𝗶𝘀 𝗮𝘀𝗸𝗲𝗱!
Here’s the twist! 👀
Your entry only counts if you 𝗦𝗵𝗮𝗿𝗲 𝘁𝗵𝗲 𝗽𝗼𝘀𝘁, 𝘁𝗮𝗽 𝘁𝗵𝗲 𝗛𝗲𝗮𝗿𝘁 ❤️, 𝗮𝗻𝗱 𝘂𝘀𝗲 𝗮𝗹𝗹 𝘁𝗵𝗲 𝗹𝗶𝘀𝘁𝗲𝗱 𝗵𝗮𝘀𝗵𝘁𝗮𝗴𝘀.
Answer correctly to score 1 point 🎯, and keep playing—even bigger surprises are waiting for you! 🎉

𝗞𝗲𝘆 𝗧𝗲𝗿𝗺𝘀 𝘁𝗼 𝗞𝗻𝗼𝘄
𝟭. 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻 (𝗟𝗼𝗻𝗴 𝘃𝘀. 𝗦𝗵𝗼𝗿𝘁)
Long Position – the party agrees to buy the asset and benefits when the market price increases.
Short Position – the party agrees to sell the asset and benefits when the market price decreases.

𝟮. 𝗜𝗻𝘁𝗿𝗶𝗻𝘀𝗶𝗰 𝗩𝗮𝗹𝘂𝗲 𝗮𝗻𝗱 𝗧𝗶𝗺𝗲 𝗩𝗮𝗹𝘂𝗲
Intrinsic Value – the actual value of the option if exercised immediately. For a call option: Market Price − Strike Price (if positive).
Time Value – the additional amount included in the option price due to the possibility that the market price may move favorably before expiration. At expiration, time value becomes zero.

𝟯. 𝗠𝗼𝗻𝗲𝘆𝗻𝗲𝘀𝘀 𝗼𝗳 𝗢𝗽𝘁𝗶𝗼𝗻𝘀
In-the-Money (ITM) – the option has intrinsic value because exercising it is beneficial.
Out-of-the-Money (OTM) – the option has no intrinsic value and would not be exercised.
At-the-Money (ATM) – the strike price is equal to the current market price.

𝟰. 𝗗𝗲𝗿𝗶𝘃𝗮𝘁𝗶𝘃𝗲 𝗔𝘀𝘀𝗲𝘁 𝗮𝗻𝗱 𝗗𝗲𝗿𝗶𝘃𝗮𝘁𝗶𝘃𝗲 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆
Derivative Asset – recognized when the fair value of the contract results in a gain to the entity.
Derivative Liability – recognized when the fair value of the contract results in a loss to the entity.

𝗜𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻𝘀:
💬 Comment your answer below! Don’t forget to include the hashtags stated in this post in your comment.
🏆 Points for each correct answer. 𝗧𝗼𝗽 𝘀𝗰𝗼𝗿𝗲𝗿 𝗴𝗲𝘁𝘀 𝗮 𝘀𝗲𝗺𝗲𝘀𝘁𝗲𝗿-𝗲𝗻𝗱 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲!
⏰ Correct answers revealed next day (see comment section).
💡Only answers from those who 𝘀𝗵𝗮𝗿𝗲𝗱 𝘁𝗵𝗲 𝗽𝗼𝘀𝘁, 𝘁𝗮𝗽𝗽𝗲𝗱 𝘁𝗵𝗲 ❤️ 𝗿𝗲𝗮𝗰𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝗱 𝗮𝗹𝗹 𝗵𝗮𝘀𝗵𝘁𝗮𝗴𝘀 𝘀𝘁𝗮𝘁𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 will be counted—even if the answer is correct.

Congratulations to our 𝗕𝗮𝘁𝗰𝗵 𝟭 – 𝟯𝗿𝗱 𝗬𝗲𝗮𝗿 𝘀𝘁𝘂𝗱𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗽𝗮𝘀𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗜𝗻𝘁𝘂𝗶𝘁: 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗲𝗱 𝗤𝘂𝗶𝗰𝗸𝗕𝗼𝗼𝗸𝘀 𝗢𝗻𝗹𝗶𝗻𝗲 𝗣𝗿𝗼𝗔𝗱𝘃𝗶𝘀𝗼𝗿 certification on 𝗔𝗽𝗿𝗶𝗹 𝟬𝟰, 𝟮𝟬𝟮𝟲. Your hard work and determination truly paid off. 🎉

This achievement marks an important step toward your professional goals. We are proud of you—keep striving forward! 💛📊✨

💡 𝐃𝐀𝐘 𝟏𝟑 – 𝐀𝐂𝐂𝐎𝐔𝐍𝐓𝐈𝐍𝐆 𝐐𝐔𝐈𝐂𝐊 𝐐𝐔𝐈𝐙 𝐒𝐄𝐑𝐈𝐄𝐒 💡

This Week’s Focus: 𝗕𝗮𝘀𝗶𝗰 𝗗𝗲𝗿𝗶𝘃𝗮𝘁𝗶𝘃𝗲𝘀
Rule: 𝗔𝗻𝘀𝘄𝗲𝗿 𝗼𝗻𝗹𝘆 𝘄𝗵𝗮𝘁 𝗶𝘀 𝗮𝘀𝗸𝗲𝗱!
Here’s the twist! 👀
Your entry only counts if you 𝗦𝗵𝗮𝗿𝗲 𝘁𝗵𝗲 𝗽𝗼𝘀𝘁, 𝘁𝗮𝗽 𝘁𝗵𝗲 𝗛𝗲𝗮𝗿𝘁 ❤️, 𝗮𝗻𝗱 𝘂𝘀𝗲 𝗮𝗹𝗹 𝘁𝗵𝗲 𝗹𝗶𝘀𝘁𝗲𝗱 𝗵𝗮𝘀𝗵𝘁𝗮𝗴𝘀.
Answer correctly to score 1 point 🎯, and keep playing—even bigger surprises are waiting for you! 🎉

𝗞𝗲𝘆 𝗧𝗲𝗿𝗺𝘀 𝘁𝗼 𝗞𝗻𝗼𝘄
𝟭. 𝗙𝗼𝗿𝘄𝗮𝗿𝗱 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁
A forward contract is an agreement between two parties to buy or sell an asset, such as foreign currency, at a predetermined price on a specified future date. The agreed price in the contract is called the forward rate. In this problem, the contracted forward rate is P60.00 per euro.

𝟮. 𝗡𝗼𝘁𝗶𝗼𝗻𝗮𝗹 𝗔𝗺𝗼𝘂𝗻𝘁
The notional amount refers to the quantity of the underlying asset stated in the contract that serves as the basis for computing the value of the derivative. It does not necessarily represent the amount exchanged at the start of the contract. In this case, the notional amount is 100,000 euros.

𝟯. 𝗗𝗲𝗿𝗶𝘃𝗮𝘁𝗶𝘃𝗲 𝗔𝘀𝘀𝗲𝘁 𝗮𝗻𝗱 𝗗𝗲𝗿𝗶𝘃𝗮𝘁𝗶𝘃𝗲 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆
The value of a derivative changes depending on movements in the underlying variable, such as the exchange rate. A derivative asset arises when the change in the market rate results in a gain to the entity. A derivative liability arises when the change in the market rate results in a loss to the entity.

𝟰. 𝗦𝗵𝗼𝗿𝘁 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗟𝗼𝗻𝗴 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻
A short position means the entity agrees to sell the underlying asset in the future. The entity benefits when the price decreases but incurs a loss when the price increases. A long position means the entity agrees to buy the underlying asset in the future. The entity benefits when the price increases but incurs a loss when the price decreases.

𝟱. 𝗙𝗼𝗿𝘄𝗮𝗿𝗱 𝗥𝗮𝘁𝗲 𝗮𝗻𝗱 𝗦𝗽𝗼𝘁 𝗥𝗮𝘁𝗲
The forward rate is the agreed exchange rate for a transaction that will occur at a future date, while the spot rate is the current exchange rate for immediate delivery. In valuing forward contracts at the reporting date, the forward rate for the remaining term of the contract is generally used rather than the spot rate.

𝗜𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻𝘀:
💬 Comment your answer below! Don’t forget to include the hashtags stated in this post in your comment.
🏆 Points for each correct answer. 𝗧𝗼𝗽 𝘀𝗰𝗼𝗿𝗲𝗿 𝗴𝗲𝘁𝘀 𝗮 𝘀𝗲𝗺𝗲𝘀𝘁𝗲𝗿-𝗲𝗻𝗱 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲!
⏰ Correct answers revealed next day (see comment section).
💡Only answers from those who 𝘀𝗵𝗮𝗿𝗲𝗱 𝘁𝗵𝗲 𝗽𝗼𝘀𝘁, 𝘁𝗮𝗽𝗽𝗲𝗱 𝘁𝗵𝗲 ❤️ 𝗿𝗲𝗮𝗰𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝗱 𝗮𝗹𝗹 𝗵𝗮𝘀𝗵𝘁𝗮𝗴𝘀 𝘀𝘁𝗮𝘁𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 will be counted—even if the answer is correct.

𝗧𝗵𝗮𝗻𝗸 𝘆𝗼𝘂, 𝗣𝘄𝗖 𝗣𝗵𝗶𝗹𝗶𝗽𝗽𝗶𝗻𝗲𝘀, 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘄𝗮𝗿𝗺 𝘄𝗲𝗹𝗰𝗼𝗺𝗲 𝗮𝗻𝗱 𝗺𝗲𝗮𝗻𝗶𝗻𝗴𝗳𝘂𝗹 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 💛 We truly appreciate the time and effort your team gave to share valuable insights and real-world knowledge with us. 📊

Grateful for this opportunity to learn, be inspired, and see a glimpse of our future careers. This experience will surely motivate us to strive harder and grow further. 🚀✨