2024
Accounting Alerts
- 2024
- 2023
- 2022
- 2021
-
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
-
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
Securing & Expanding Capital for PowerGen Operators & Wholesale Electricity & Retail Services
Republic Act (RA) No. 9136, otherwise known as the "Electric Power Industry Reform Act of 2001 (EPIRA) provides that it is the policy of the State to enhance the inflow of private capital and broaden the ownership base of the power generation, transmission and distribution sectors. The said law also requires generation companies and distribution utilities which are not publicly listed to offer and sell to the public a portion of not less than fifteen percent (15%) of their common shares of stock.
Application of PFRS 17 (Insurance contracts) to the Audited Financial Statements and Reportorial Requirements of the Insurance Commission
This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter No. 2024-04 dated March 1, 2024.
Guidelines on the use of eAmend Portal
Section 13 of the Revised Corporation Code (RCC) provides that the articles of incorporation and other applications for amendments thereto may be filed in the form of an electronic document in accordance with its rules and regulations as supported by Section 180 where the Securities and Exchange Commission (SEC) is directed to develop and implement an electronic filing and monitoring system.
Discount Rates for Life and Non-Life Insurance Policy Reserves and Reserves for Long-Term Contracts of HMOs as of December 31, 2023
This Accounting Alert is issued to circulate Insurance Commission (IC) Circular Letter No. 2024-02 dated January 17, 2024.
Adoption of Philippine Financial Reporting Standards (PFRSs) and Philippine Interpretations Committee Questions and Answers (PIC Q&As)
The Securities and Exchange Commission (SEC), in its meeting held on January 25, 2024, through the issuance of SEC MC No. 2024-01 approved the adoption of the following PFRSs and PIC Q&As as part of the SEC's rules and regulations on financial reporting.
Navigating the Changes to International Financial Reporting Standards 2024 Edition
This Accounting Alert is issued to circulate Grant Thornton's Navigating the Changes to International Financial Reporting Standards 2024 Edition, a publication designed to give preparers and reviewers of IFRS financial statements a high-level awareness of recent changes to International Financial Reporting Standards. It covers both new Standards and Interpretations that have been issued and amendments made to existing ones.
Filing of Annual Financial Statements and General Information Sheet
The Securities and Exchange Commission (SEC), in its Memorandum Circular (MC) No. 02, series of 2024 has set the deadlines for the filing and submission of the 2023 audited financial statements (AFS) and general information sheet of corporations through the Electronic Filing and Submission Tool (eFAST).
Insights into PFRS 2 - Share-based Payments
This accounting alert is to issue the first two articles in our new series Insights into PFRS 2 - Share-based Payments.
SEC integrates compliance requirements with eSPARC, OneSEC and eFAST
The Securities and Exchange Commission (SEC), in its Memorandum Circular (MC) No. 23, series of 2023, integrates certain compliance requirements from SEC MC No. 28, series of 2020 (MC 28) and SEC MC No. 1, series of 2021 (MC 1) with the SEC Electronic Simplified Processing of Application for Registration of Company (eSPARC), One-day Submission and E-registration of Companies (OneSEC) and the SEC Electronic Filing and Submission Tool (eFAST).