Michael Alba, our President, will elaborate on the academic achievements of the various FEU schools under his wing. Fortunately, the FEU group of schools was better prepared than most other schools in the country to deal with the severe consequences of the pandemic. To improve the quality of the faculty, Far Eastern University (the main campus) and the FEU.
On the school side, the necessary online systems and capacities of the faculties have been established. The distance learning survey examined the implementation of distance learning methods3 and asked about the overall satisfaction of students with the chosen method. Nevertheless, the results of the survey were used to improve the design of the learning methods in their subsequent implementations.
Thus began the journey of digital transformation of the FEU Group of Schools that has resulted in the creation of a data warehouse for all data sources (from different offices as well as Canvas). Regulatory excellence – meeting the highest regulatory and accreditation standards – is an institutional aspiration of the FEU Group of Schools. IE's teacher education programs are a CHED Center of Excellence, while the Bachelor of Science in Business Administration of the Institute of Accounts, Business and Finance is a CHED Development Center.
In the case of the FEU Institute of Technology, four of its academic programs achieved reaccredited PAASCU Level II status during the school year: Bachelor of Science in Computer Science, Bachelor of Science in Information Technology, Bachelor of Science in Civil Engineering, and Bachelor of Science in Computer Engineering.
One Golden
Arrowhead
Recognition in the ASEAN Corporate
Scorecard (ACGS)
Philippine Quill Awards
Award of Excellence
FEU is moving up in the World Universities with Real Impact (WURI) ranking, which assesses universities' flexible and innovative efforts to foster a workforce that meets the demands of industry and society. In WURI 2021, FEU ranked 79th in the ranking of the 100 most innovative universities and ranked 16th in ethical value, 42nd in entrepreneurship and 12th in crisis management.
Cavite Campus Basic Education Building
Universities with Real Impact
WURI) rankings
FEU moves up
Young Leaders 2021
World Series of Innovation
6 TAMS
FEU ITHM
FEU-ITHM
INITIATIVES AND
INNOVATIONS
FEU Student
Placement for Admission to
Education (SPACE)
Program for the Advancement in
FEU launches
NEW TAMS
Tracker App
FEU IE
FEU Manila
SPORTS HALL OF FAME ROOM
A peek inside the new FEUTURE Center
SUSTAINABILITY
REPORT
Commitment
It highlights five areas: industrial application, entrepreneurial spirit, ethical value, student mobility and openness, and crisis management. In the list of top 50 universities, FEU has the 16th place on ethical value, 42nd on entrepreneurial spirit and 12th on the ranking.
Ensuring the safety
BOARD OF
TRUSTEES
Other corporate affiliations: Chairman, Board of Directors, FERN Realty Corporation; Chairman and President, FEU Educational Foundation, Inc.; Emeritus Chairman, Nicanor Reyes Educational. Other corporate affiliations: President, Amon Trading Inc., East Asia Computer Center, Inc., Far Eastern College Silang, Inc., Nicanor Reyes Educational Foundation, Inc., FEU High School, Inc., FEU Alabang, Inc., Roosevelt College, Inc., Ramon Magsaysay Award Foundation and. Far Eastern College Silang, Inc.; FEU Alabang, Inc.; FEU High School, Inc.; Roosevelt College, Inc.;.
He is also Chairman of Edustria, Inc., and President of the Information Technology Education and Development Foundation. Management Association of the Philippines (Member); and the Steering Council of the Sustainable Development Solutions Network, Philippines (Member 2020–2023). 68, Filipino: Trustee, Far Eastern University, Inc. November 2013 to present) Other Corporate Affiliations: President and Director FERN Realty Corporation and Monti-Rey, Inc.;.
vice chairman, treasurer and director, AMON Trading Corp., director, Far Eastern College Silang, Inc., and Nicanor Reyes Educational Foundation, Inc.; and trustee, FEU Educational Foundation, Inc. Other corporate affiliations: independent director, East Asia Computer Center, Inc., and FERN Realty Corporation, Inc. She is also an independent director of Ayala Land, Inc., AC Energy Inc., Integrated Micro-Electronics, Inc., and Manila Water Company, all publicly traded companies.
A former Managing Director of conglomerate Ayala Corporation, she held various senior management positions in Ayala subsidiaries: Ayala Land, Inc., Manila Water Company and Integrated Micro Electronics Inc. 75, Filipino: Trustee, Far Eastern University, Inc. Other Corporate Affiliations: At present, Member of the Board of Directors/Trustees of the following companies: Nicanor Reyes Educational Foundation, Inc., East Asia Educational Foundation, Inc., East Asia Computer Center, Inc., Lyceum of Batangas, Lyceum of Laguna, SM Foundation, Inc., Asia Pacific Technology Educational Foundation, Asia Pacific Computer Technology Center, Inc., FERN Realty Corporation, Far Eastern College Silang, Inc., FEU High School, Inc., FEU Alabang, Inc., Roosevelt College, Inc. and Foundation for Information Technology Education and Development, Inc., MFI Polytechnic Institute, Inc. Tan obtained the Degree of Bachelor of Science in Chemical Engineering from. i Chemical Engineering fra University of Notre Dame, Indiana, U.S.A. 81, filippinsk: Independent Trustee, Far Eastern University, Inc. Andre virksomhedstilknytninger: Formand for bestyrelsen for SM Investments Corporation;.
Other corporate affiliations: Independent Director of FEU Alabang, Inc. She is also an independent director of GT Capital Holdings and AC Energy Corporation, both listed companies. She also serves as an independent director of the Philippine Stock Exchange, Inc., Sunlife Investment Management and Trust Corporation, and ING Foundation Philippines, Inc. Other business affiliations: President, FEU Public Policy Center; Board Member of Phinma, Inc., Cagayan de Oro College (Member of Phinma Education Network); Independent Director of Far Eastern College-Silang, Inc.
EXECUTIVE
COMMITTEE
FINANCIAL HIGHLIGHTS
We have audited the consolidated financial statements for Far Eastern University, Incorporated (the University) and subsidiaries (hereinafter referred to as the group), which include the consolidated financial statements as of May and 2019 and the consolidated income statement, consolidated statement of comprehensive income, consolidated statement of cash flows for each three years and changes in consolidated cash statements for each year. period ended 31 May 2021 and the notes to the consolidated financial statements, including an overview of significant accounting practices. It is our opinion that the accompanying consolidated financial statements in all material respects give a true and fair view of the group's consolidated financial position as of May and 2019, and its consolidated financial results and its consolidated cash flows for each of the three years in the period ended May 31, 2021 in accordance with Philippine Financial Reporting Standards (PFRS). Our responsibilities under these standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Statements section of our report.
We are independent of the Group in accordance with the Code of Ethics for Professional Accountants in the Philippines (Code of Ethics), together with the ethical requirements relevant to our audit of the consolidated financial statements in the Philippines, and we have fulfilled our other ethical responsibilities in accordance with those requirements and the Code of Ethics. We draw attention to note 1 to the consolidated financial statements, which describes management's assessment of the continued impact on the group's consolidated financial statements of the operational disruption caused by the COVID-19 pandemic. Key audit matters are those matters which, in our professional judgment, were of greatest importance to our audit of the consolidated financial statements for the current period.
These matters were addressed in connection with our audit of the consolidated financial statements as a whole and in our conclusion thereon, and we do not express a separate opinion on these matters. a) Recognition of tuition and other school fees Description of the case. Tuition and other school fees amounted to P3.5 billion, accounting for 99% of the group's total revenue, for the year ended May 31, 2021, as shown in the group's consolidated income statement and in note 18 to the consolidated financial statements. Growth in tuition and other school fees is also one of the key performance measures used to assess the Group's performance.
To obtain an understanding of the Group's policy for revenue recognition of tuition and other school fees and the related processes and controls, and to evaluate the Group's compliance with the requirements of PFRS 15, Revenue from Contracts with Customers;. Punongbayan & Araullo (P&A) is the Philippine member firm of Grant Thornton International Ltd. c) Auditing Remote description of the case. Management is responsible for the preparation and presentation of consolidated financial statements that present a true and fair view in accordance with PFRS and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures consistent with those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our conclusion. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control. Assess the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that gives a true and fair view.
Obtain sufficient appropriate audit evidence about the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. From the matters communicated to those charged with governance, we determine those matters that were most significant in the audit of the current year's consolidated financial statements and are therefore key audit matters.
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Excellence
Uprightness
PEOPLE'S CHOICE AWARDEE
FEU SILANG BASIC EDUCATION BUILDING ARCHION ARCHITECTS
HALIGI NG DANGAL AWARDS 2020
