Accounting Alerts

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SEC MC No. 16-2023: Revised Guidelines on the Determination of Retained Earnings Available for Dividend Declaration

02 Oct 2023

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC) Memorandum Circular (MC) No. 16-2023 dated September 19, 2023.

Summary of SEC Memorandum Circulars: Amendments and Clarifications to Securities Registration Requirements

28 Sep 2023

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC) Memorandum Circular (MC) No. 12-2023 dated September 6, 2023, Amendments to Section 39.1.4.1 of the Implementing Rules and Regulation of the Securities Regulation Code, SEC Memorandum Circular No. 13-2023 dated September 12, 2023, Guidelines on Annex C of Rule 12 of the Securities Regulation Code Interpreting the Comparative Periods Required in the Management's Discussion and Analysis and SEC Memorandum Circular No. 14-2023 dated September 19, 2023, Proposed Amendment to Annex C of Rule 12 of the SRC.

Guidelines on the Use of Benchmarks for Unit lnvestment Trust Funds (UlTFs)

13 Sep 2023

This Accounting Alert is issued to circulate Bangko Sentral ng Pilipinas (BSP) Circular No. 1178 series of 2023 dated August 9, 2023.

Amendments on the 2015 Implementing Rules and Regulations of the Securities Regulation Code (The "2015 SRC Rules") and SEC Memorandum Circular No. 16, Series of 2004 Relative to the Settlement Cycle from T+3 to T+2

08 Sep 2023

This Accounting Alert is issued to circulate Securities and Exchange Commission (SEC) Memorandum Circular (MC) No. 11-2023 dated August 11, 2023, Amendments on the 2015 Implementing Rules and Regulations of the Securities Regulation Code (The "2015 SRC Rules") and SEC Memorandum Circular No. 16, Series of 2004 Relative to the Settlement Cycle from T+3 to T+2.

Lack of exchangeability

07 Sep 2023

This Accounting Alert is issued to circulate the IFRS alert regarding the amendment of IAS 21, The Effects of Changes in Foreign Exchange Rates, to help users understand the impact of a lack of exchangeability on the financial statements.

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