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Extension of Deadline for Submission of Forms/Notices

29 Dec 2020

This Accounting Alert is issued to circulate the Securities and Exchange Commision (SEC) Notice dated December 28, 2020 on the extension of deadline for submission of forms and notices pursuant to SEC Memorandum Circular No. 28-2020.

Online and Manual Submission of Forms/Notices Pursuant to SEC MC 28-2020

23 Dec 2020

This Accounting Alert is issued to circulate the guidance for online and manual submission of forms and notices pursuant to Securities and Exchange Commission (SEC/Commission) Memorandum Circular (MC) No. 28-2020 issued last November 3, 2020.

Discussion Paper 'Business Combination under Common Control'

10 Dec 2020

This Accounting Alert is issued to circulate the discussion paper by the International Accounting Standards Board (IASB) on 'Business Combination under Common Control' for public consultation on possible accounting requirements of acquisitions involving the same group. These acquisitions are commonly known as business combination under common control (BCUCC).

COVID-19 Accounting Implications for CFOs - Debt Modifications

10 Dec 2020

This Accounting Alert is issued to discuss the requirements of PFRS 9, Financial Instruments, and the judgment involved in determining the impact of COVID-19 in the debt modification.

SEC Memorandum Circular No. 32 series of 2020

20 Nov 2020

This Accounting Alert is issued to circulate the new circular by the Securities and Exchange Commission (SEC/Commission) on the basis of preparation of audited financial statements for Bangko Sentral ng Pilipinas (BSP) Supervised Financial Institutions (BSFIs) under SEC Memorandum Circular (MC) No. 32-2020.

SEC Memorandum Circular No. 31 series of 2020

10 Nov 2020

This Accounting Alert is issued to circulate the new circular by the Securities and Exchange Commission (SEC/Commission) on the non-imposition of fines and other monetary penalties for non-filing, late filing, and failure to comply with compulsory notification and other reportorial requirements under SEC Memorandum Circular (MC) No. 31-2020.

SEC Memorandum Circular No. 28 series of 2020

03 Nov 2020

This Accounting Alert is issued to circulate the new requirement by the Securities and Exchange Commission (SEC/Commission) for corporations, partnerships, associations, and individuals to create and/or designate e-mail account address and cellphone number for transaction with the commission under SEC Memorandum Circular (MC) No. 28-2020.

Insights into PFRS 16 - Lease Incentives

13 Oct 2020

This Accounting Alert is issued to provide guidance on lease incentives.

IFRIC 23 - Uncertainty Over Income Tax Treatments

08 Oct 2020

This Accounting Alert is issued to provide guidance on uncertainty over income tax treatments.

IASB issues Interest Rate Benchmark Reform Phase 2

08 Oct 2020

This Accounting Alert is issued to circulate the new amendments published by the International Accounting Standards Board (IASB) on Interest Rate Benchmark Reform in response to the ongoing reform of interest rate benchmarks around the world.