Accounting Alerts
Accounting Alerts
- 2024
- 2023
- 2022
- 2021
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2020
2020
- Extension of Deadline for Submission of Forms/Notices
- Online and Manual Submission of Forms/Notices Pursuant to SEC MC 28-2020
- COVID-19 Accounting Implications for CFOs - Debt Modifications
- Discussion Paper 'Business Combination under Common Control'
- SEC Memorandum Circular No. 32 series of 2020
- SEC Memorandum Circular No. 31 series of 2020
- SEC Memorandum Circular No. 28 series of 2020
- Insights into PFRS 16 - Lease Incentives
- IASB issues Interest Rate Benchmark Reform Phase 2
- IFRIC 23 - Uncertainty Over Income Tax Treatments
- COVID-19 Going Concern Considerations
- Extension of Deadlines and Interim Procedures for the Submission of Printed/Hard Copies of Annual Reports
- IASB Defers the Effective Date of IAS 1 Amendments
- Guidelines on the Electronic Submission of the Annual Report and Audited Financial Statements to BSP
- Filing of Annual Reports During the Temporary Closure of the SEC Main Office until July 26, 2020
- Work Suspension at the SEC Main Office and Extension of Deadlines for Certain Corporations
- Adjustment of Deadlines for Submission of Annual Reports to the SEC and Other Announcements
- Amendments to IFRS 17 and IFRS 4
- Filing of Reports and Other Documents in SEC Main Office during Temporary Closure
- Options for the Submission of Reports, Applications and Other Documents to the SEC During Community Quarantine
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2019
2019
- SEC Extends Deadline for Annual and Quarterly Reports for...
- Deferral of IFRIC Agenda Decision on Over Time Transfer of Constructed Goods (PAS 23) for Real Estate Industry
- Implementation of IFRS 17, Insurance Contracts
- Amendments to Regulations on Financial Audit of Banks and Non-Bank Financial Institutions
- Navigating the Changes to IFRS 2020
- SEC Memorandum Circular No. 2 - 2020 Filing of Annual Financial Statements and General Information Sheet
- IASB issues Classification of Liabilities as Current or Non-current (Amendments to IAS 1)
- GTI IFRS News Q4 2019
- Insights into PFRS 3: Definition of a Business
- IASB issues Interest Rate Benchmark Reform
- Insights into PFRS 16: Presentation and Disclosure
- Insights into PFRS 16: Lease Payments
- Insurance Commission's Guidelines on Lease Accounting for Insurance and Reinsurance Companies
- GTI IFRS News Q1 2019
- Application Deferral of PIC Q&A 2018-H and 2018-14
- Sustainability Reporting Guidelines for Publicly-Listed Companies
- Insights into PFRS 16: Sale and Leaseback Accounting
- Insights into PFRS 16: Transition Choices
- Use of the New General Information Sheet (GIS) Form
- 2019 Filing of Annual FS and GIS
- Navigating the Changes to IFRS 18
- Insights into PFRS 3: Definition of a Business
- GTI IFRS News Q2 2019
- Rules on Material Related Party Transactions for Publicly-listed Companies
- BOA Repealed Resolutions on FS Compilation Services
- GTI IFRS News Q3 2019
- 2019
- 2018 2018
- 2017
- 2016
- 2015
- 2014
- 2008
- 2007
- 2006
- 2005
COVID-19 Accounting Considerations for CFOs: Revenue Recognition
This Accounting Alert is issued to highlight key aspects of PFRS 15, Revenue from Contracts with Customers, that are expected to be particularly relevant during the COVID-19 pandemic.
COVID-19 Accounting Considerations for CFOs: Government Grants
This Accounting Alert is issued to provide guidance in determining the appropriate accounting treatment for government grants.
IASB Amends IFRS 16 to Provide Relief for Lessees Accounting for Rent Concessions during the COVID-19 Pandemic
This Accounting Alert is issued to summarize the amendments to IFRS 16 issued by the IASB on May 28, 2020 to help lessees account for COVID-19-related rent concessions such as rent holidays and temporary rent reductions.
COVID-19 Accounting for Lease Modifications
This Accounting Alert is issued to provide a summary of the current accounting treatment for lease modifications and the proposed practical expedient in view of COVID-19-related rent concessions.
SEC Notice on the Opening of SEC Express System and SEC Express Nationwide Submission
This Accounting Alert is issued to circulate the notice issued by the Securities and Exchange Commission (SEC) on May 21, 2020 in relation to the opening of the SEC Express System and the SEC Express Nationwide Submission (SENS).
Insurance Commission Circular Letters: Regulatory Reliefs, Online Submission of Reports, and Deferral of IFRS 17 Implementation
This Accounting Alert is issued to summarize recent circular letters (CLs) issued by the Insurance Commission (IC) from May 14 to May 18, 2020.
COVID-19 Accounting Implications for CFOs: Impairment of Intangible Assets and Goodwill
This Accounting Alert is issued to provide insights on issues management should consider in assessing impairment, as well as some direction as to how best respond to them.
IASB Issues Narrow Scope Amendments to IFRS Standards
This Accounting Alert is issued to circulate and summarize the collection of narrow scope amendments to IFRS Standards issued by the International Accounting Standards Board (IASB).
Procedures in the Filing of Audited Financial Statements and General Information Sheet after the Enhanced Community Quarantine
This accounting alert provides guidelines to all entities registered with the Securities and Exchange Commission (SEC) in relation to the filing of their Annual Financial Statements (AFS) and General Information Sheet (GIS) after the enhanced community quarantine (ECQ).
Extension of Deadline for the Submission of 2020 Annual and Quarterly Reports and AFS of Companies with Fiscal Year Ended January 31 to April 30, 2020
This Accounting Alert is issued to circulate the extended deadlines provided by the SEC for companies with fiscal year ended January 31 to April 30, 2020.