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
Understanding the Impact of COVID-19 on 2020 Deferred Tax Provisions
This Accounting Alert is issued to help preparers of financial statements identify key areas of tax provision that could be affected by the impact of COVID-19.
IASB Proposes Relief for Rent Concessions During the COVID-19 Pandemic
This Accounting Alert is issued to circulate and summarize the exposure draft published by the International Accounting Standards Board (IASB) which proposes for relief when accounting for rent concessions during the COVID-19 pandemic.
Extension of Period to File the General or Special Form for Financial Statements and Guidelines on Submission by Electronic Mail
This accounting alert is issued to circulate SEC Notice dated April 16, 2020 on the extension of period to file and guidelines on submission of the General or Special Form of Financial Statements (GFFS or SFFS).
Reporting the Impact of COVID-19 to your Business
This accounting alert is issued to highlight ten questions entities should be asked to ensure that financial statements not yet issued are presented fairly.
Guidelines on Reclassification of Debt Securities Measured at Fair Value to the Amortized Cost Category for Prudential Reporting to the BSP
This accounting alert is issued to circulate the guidelines governing the reclassification of debt securities that are measured at fair value to the amortized cost category as part of the relief measures extended by the BSP in managing the financial impact of the corona virus disease 2019 (COVID-19) pandemic.
Treatment of Net Unrealized Losses in the EFCDU/FCDU Book for Purposes of Determining Compliance with the EFCDU/FCDU Asset Cover Requirement
This accounting alert is issued to circulate the guidelines for the alternative treatment of net unrealized losses arising from marking-to-market of financial assets/liabilities and revaluation of third currencies to US dollar of assets in the Expanded Foreign Currency Deposit Unit/Foreign Currency Deposit Unit (EFCDU/FCDU) book for purposes of determining compliance with the EFCDU/FCDU asset cover requirement, in accordance with Bangko Sentral ng Pilipinas (BSP) Memorandum No. 2020-023.
Guidelines on Filing SEC Form 17-LC and 17-C Report
This accounting alert circulates the adopted guidelines and procedures by the SEC for the filing of SEC Form 17-LC and 17-C report in lieu of reports previously required by SEC Memorandum Circular (MC) No. 5, s. 2020.
COVID-19: Financial Reporting and Disclosures
This accounting alert is issued to provide detailed consideration of assessing the financial impact and required disclosures in relation to COVID-19.
Reduction in Reserve Requirements
This accounting alert provides a summary of Bangko Sentral ng Pilipinas (BSP) Circular No. 1082 for the reduction in the reserve requirement ratios of deposit and deposit substitutes.
Application of IFRS 9 in Light of the Coronavirus Uncertainty
This accounting alert is issued to highlight the requirements within IFRS 9, Financial Instruments, that are relevant for companies considering how the pandemic affects their accounting for expected credit losses (ECL).