FY2027 FS Preparation Masterclass: Practical Application of PFRS 18, Accounting Updates, and Evolving Regulatory Expectations

Program overview:

This masterclass provides practical guidance on the preparation of financial statements, focusing on the application of PFRS 18, Presentation and Disclosure in Financial Statements, including presentation, disclosure, consolidation, industry-specific reporting considerations, and related tax implications. It also covers recent accounting developments and evolving regulatory expectations.

Through interactive discussions and practical workshops, participants will evaluate the impact of new and amended accounting standards, SEC comments, BSP and IC issuances, and financial reporting guidance on financial statement preparation.

Topics

Practical Application of PFRS 18 & Accounting Standards

• Presentation and disclosure requirements under PFRS 18
• Consolidation and industry-specific reporting considerations
• Related tax implications
• New and amended accounting standards affecting FS preparation
• Practical application through financial statement examples

Regulatory Updates for SEC, BSP, and IC

• SEC financial reporting bulletins and comments
• BSP reporting requirements and updates
• Insurance Commission issuances and expectations
• Emerging regulatory developments
• Compliance considerations and reporting implications

Quality Control Tips

• Practical financial statement preparation workshop
• Common quality control review observations
• Financial statement review best practices