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    Philippine Accounting Standards

    Uploaded by

    Yanna Bacosa
    This document lists Philippine Accounting Standards (PAS) and their effective dates. Some key PAS include: - PAS 1 on the presentation of financial statements, which has been revised and amended several times. - PAS 19 on employee benefits, which has also been revised and amended to change requirements on actuarial gains/losses and disclosures. - PAS 32 on the disclosure and presentation of financial instruments, which has been amended regarding classification of certain financial instruments. - PAS 39 on the recognition and measurement of financial instruments, which has seen several amendments regarding hedging and reclassification of assets.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Philippine Accounting Standards

    Uploaded by

    Yanna Bacosa
    6K views6 pages
    This document lists Philippine Accounting Standards (PAS) and their effective dates. Some key PAS include: - PAS 1 on the presentation of financial statements, which has been revised and amended several times. - PAS 19 on employee benefits, which has also been revised and amended to change requirements on actuarial gains/losses and disclosures. - PAS 32 on the disclosure and presentation of financial instruments, which has been amended regarding classification of certain financial instruments. - PAS 39 on the recognition and measurement of financial instruments, which has seen several amendments regarding hedging and reclassification of assets.

    Original Description:

    summary table of PAS

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    This document lists Philippine Accounting Standards (PAS) and their effective dates. Some key PAS include: - PAS 1 on the presentation of financial statements, which has been revised and amended several times. - PAS 19 on employee benefits, which has also been revised and amended to change requirements on actuarial gains/losses and disclosures. - PAS 32 on the disclosure and presentation of financial instruments, which has been amended regarding classification of certain financial instruments. - PAS 39 on the recognition and measurement of financial instruments, which has seen several amendments regarding hedging and reclassification of assets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    6K views6 pages

    Philippine Accounting Standards

    Uploaded by

    Yanna Bacosa
    This document lists Philippine Accounting Standards (PAS) and their effective dates. Some key PAS include: - PAS 1 on the presentation of financial statements, which has been revised and amended several times. - PAS 19 on employee benefits, which has also been revised and amended to change requirements on actuarial gains/losses and disclosures. - PAS 32 on the disclosure and presentation of financial instruments, which has been amended regarding classification of certain financial instruments. - PAS 39 on the recognition and measurement of financial instruments, which has seen several amendments regarding hedging and reclassification of assets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    Philippine Accounting Standards

    Effect
    PAS ive
    Title Date

    Presentation of Financial
    Statements [superseded by PAS 01/01/
    PAS 1 1 (Revised)] 05

    Amendment to PAS 1: Capital 01/01/


    Disclosures 07

    PAS 1 Presentation of Financial 01/01/


    (Revised) Statements 09

    Amendments to PAS 32 and PAS


    1: Puttable Financial Instruments
    and Obligations Arising on 01/01/
    Liquidation 09

    Amendments to PAS 1:
    Presentation of Items of Other 07/01/
    Comprehensive Income 12*

    01/01/
    PAS 2 Inventories 05

    01/01/
    PAS 7 Cash Flow Statements 05

    Accounting Policies, Changes in 01/01/


    PAS 8 Accounting Estimates and Errors 05

    Events after the Balance Sheet 01/01/


    PAS 10 Date 05

    01/01/
    PAS 11 Construction Contracts 05
    01/01/
    PAS 12 Income Taxes 05

    Amendments to PAS 12
    Deferred Tax: Recovery of 01/01/
    Underlying Assets 12

    Segment Reporting [superseded 01/01/


    PAS 14 by PFRS 8] 05

    01/01/
    PAS 16 Property, Plant and Equipment 05

    01/01/
    PAS 17 Leases 05

    01/01/
    PAS 18 Revenue 05

    01/01/
    PAS 19 Employee Benefits 05

    Amendments to PAS 19: Actuarial


    Gains and Losses, Group Plans 01/01/
    and Disclosures 06

    PAS 19 01/01/
    (Amended) Employee Benefits 13*

    Accounting for Government


    Grants and Disclosure of 01/01/
    PAS 20 Government Assistance 05

    The Effects of Changes in Foreign 01/01/


    PAS 21 Exchange Rates 05

    Amendment: Net Investment in a 01/01/


    Foreign Operation 06
    Borrowing Costs [superseded by 01/01/
    PAS 23 PAS 23 (Revised)] 05

    PAS 23 01/01/
    (Revised) Borrowing Costs 09

    Related Party
    Disclosures [superseded by PAS 01/01/
    PAS 24 24 (Revised)] 05

    PAS 24 01/01/
    (Revised) Related Party Disclosures 11

    Accounting and Reporting by 01/01/


    PAS 26 Retirement Benefit Plans 05

    Consolidated and Separate


    Financial
    Statements [superseded by PAS 01/01/
    PAS 27 27 (revised)] 05

    PAS 27 Consolidated and Separate 07/01/


    (Revised) Financial Statements 09

    Amendments to PFRS 1 and PAS


    27: Cost of an Investment in a
    Subsidiary, Jointly Controlled 01/01/
    Entity or Associate 09

    PAS 27 01/01/
    (Amended) Separate Financial Statements 13*

    01/01/
    PAS 28 Investments in Associates 05

    PAS 28 Investments in Associates and 01/01/


    (Amended) Joint Ventures 13*

    PAS 29 Financial Reporting in 01/01/


    Hyperinflationary Economies 05

    Disclosures in the Financial


    Statements of Banks and Similar
    Financial Institutions [superseded 01/01/
    PAS 30 by PFRS 7] 05

    01/01/
    PAS 31 Interests in Joint Ventures 05

    Financial Instruments: Disclosure 01/01/


    PAS 32 and Presentation 05

    Financial Instruments: 01/01/


    Presentation 07

    Amendments to PAS 32 and PAS


    1: Puttable Financial Instruments
    and Obligations Arising on 01/01/
    Liquidation 09

    Amendment to PAS 32: 02/01/


    Classification of Rights Issues 10

    Amendments to PAS 32:


    Offsetting Financial Assets and 01/01/
    Financial Liabilities 14*

    01/01/
    PAS 33 Earnings per Share 05

    01/01/
    PAS 34 Interim Financial Reporting 05

    01/01/
    PAS 36 Impairment of Assets 05

    Provisions, Contingent Liabilities 01/01/


    PAS 37 and Contingent Assets 05
    01/01/
    PAS 38 Intangible Assets 05

    Financial Instruments: 01/01/


    PAS 39 Recognition and Measurement 05

    Amendments to PAS 39:


    Transition and Initial Recognition
    of Financial Assets and Financial 01/01/
    Liabilities 05

    Amendments to PAS 39: Cash


    Flow Hedge Accounting of 01/01/
    Forecast Intragroup Transactions 06

    Amendments to PAS 39: The Fair 01/01/


    Value Option 06

    Amendments to PAS 39 and PFRS 01/01/


    4: Financial Guarantee Contracts 06

    Amendments to PAS 39 and PFRS


    7: Reclassification of Financial 07/01/
    Assets 08

    Amendments to PAS 39 and PFRS


    7: Reclassification of Financial
    Assets Effective Date and 07/01/
    Transition 08

    Amendments to Philippine
    Interpretation IFRIC9 and PAS 06/30/
    39: Embedded Derivatives 09

    Amendment to PAS 39: Eligible 07/01/


    Hedged Items 09

    01/01/
    PAS 40 Investment Property 05
    01/01/
    PAS 41 Agriculture 05

    Financial Reporting Standards for


    Non-publicly Accountable
    Entities [superseded by PFRS for 01/01/
    PAS 101 SMEs] 05

    Amendment to PAS 101: Change 01/01/


    in Effective Date 05

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