Accounting Alerts

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Insights into PFRS 8 - Entity Wide Disclosures

17 Oct 2022

This Accounting Alert is issued to provide an overview of Philippine Financial Reporting Standards (PFRS) 8, Operating Segments, to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in PFRS 8 and revisit some areas where confusion has been seen in practice.

BSP Circular 1151 Amendments to the Minimum Capitalization of Rural Banks

06 Oct 2022

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Circular 1151 (the Circular) dated August 24, 2022.

Insights into PAS 36 - Comparing Recoverable Amount with Carrying Amount

03 Oct 2022

This Accounting Alert is issued to provide an overview of Philippine Accounting Standards (PAS) 36, Impairment of Assets, to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in PAS 36 and revisit some areas where confusion has been seen in practice.

Insights into PAS 36 - Reversing Impairment Losses

03 Oct 2022

This Accounting Alert is issued to provide an overview of Philippine Accounting Standard (PAS) 36, Impairment of Assets, to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in PAS 36 and revisit some areas where confusion has been seen in practice.

Insights into PAS 36 - Value in use: Applying the Appropriate Discount Rate

30 Sep 2022

This Accounting Alert is issued to provide an overview of Philippine Accounting Standards (PAS) 36, Impairment of Assets, to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in PAS 36 and revisit some areas where confusion has been seen in practice.

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