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Philippine Interpretations Committee Question and Answer 2020-05

11 Jan 2021

This Accounting Alert is issued to circulate Philippine Interpretations Committee (PIC) Questions and Answers (Q&A) 2020-05 dated November 6, 2020 which supersedes PIC Q&A 2018-14 on accounting for cancellation of real estate sales.

Audit Readiness - Preparing your Annual Reports

08 Jan 2021

This Accounting Alert is issued to provide guidance on audit considerations in preparing annual reports of any reporting entities.

Philippine Interpretations Committee Question and Answer 2020-04

07 Jan 2021

This Accounting Alert is issued to circulate Philippine Interpretations Committee (PIC) Questions and Answers (Q&A) 2020-04 dated November 6, 2020 on whether there is significant financing component arising from a mismatch between percentage of completion (POC) and schedule of payments, in accordance with PFRS 15, Revenue from Contracts with Customers.

PhilHealth suspends contribution increase for 2021

06 Jan 2021

This Outsourcing Alert is issued to inform all concerned on the regulation regarding Philippine Health Insurance Corporation (Philhealth) suspension of the increase in the members' monthly premium for the year 2021.

Philippine Interpretations Committee Question and Answer 2020-02

06 Jan 2021

This Accounting Alert is issued to circulate Philippine Interpretations Committee (PIC) Questions and Answers (Q&A) 2020-02 dated October 29, 2020 on the treatment of materials delivered on site but not yet installed in measuring performance obligation in accordance with PFRS 15 - Revenue from Contracts with Customers in the real estate industry.