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    Philippine Financial Reporting Standards

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    Dummy
    This document lists the Philippine Financial Reporting Standards (PFRS), Philippine Accounting Standards (PAS), and Philippine Interpretations that provide the accounting and reporting principles for companies in the Philippines. There are 23 PFRS, 39 PAS, and 27 Philippine Interpretations that cover topics such as financial instruments, leases, revenue recognition, and business combinations. Each standard is identified by its number and title, and includes the effective date from which it must be adopted.

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

    Philippine Financial Reporting Standards

    Uploaded by

    Dummy
    137 views5 pages
    This document lists the Philippine Financial Reporting Standards (PFRS), Philippine Accounting Standards (PAS), and Philippine Interpretations that provide the accounting and reporting principles for companies in the Philippines. There are 23 PFRS, 39 PAS, and 27 Philippine Interpretations that cover topics such as financial instruments, leases, revenue recognition, and business combinations. Each standard is identified by its number and title, and includes the effective date from which it must be adopted.

    Original Description:

    Complete PAS and PFRS for Accounting

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    This document lists the Philippine Financial Reporting Standards (PFRS), Philippine Accounting Standards (PAS), and Philippine Interpretations that provide the accounting and reporting principles for companies in the Philippines. There are 23 PFRS, 39 PAS, and 27 Philippine Interpretations that cover topics such as financial instruments, leases, revenue recognition, and business combinations. Each standard is identified by its number and title, and includes the effective date from which it must be adopted.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    137 views5 pages

    Philippine Financial Reporting Standards

    Uploaded by

    Dummy
    This document lists the Philippine Financial Reporting Standards (PFRS), Philippine Accounting Standards (PAS), and Philippine Interpretations that provide the accounting and reporting principles for companies in the Philippines. There are 23 PFRS, 39 PAS, and 27 Philippine Interpretations that cover topics such as financial instruments, leases, revenue recognition, and business combinations. Each standard is identified by its number and title, and includes the effective date from which it must be adopted.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    Philippine Financial Reporting Standards

    Number Title Effective date


    PFRS 1 (Revised)
    First-time Adoption of
    Philippine Financial July 1, 2009
    Reporting Standards

    PFRS 2 Share-based Payment January 1, 2005


    PFRS 3 (Revised)
    Business Combinations July 1, 2009
    PFRS 4 Insurance Contracts January 1, 2005
    PFRS 5
    Non-current Assets Held
    for Sale and January 1, 2005
    Discontinued Operations

    PFRS 6 Exploration for and


    Evaluation of Mineral January 1, 2006
    Resources
    PFRS 7
    Financial Instruments: January 1, 2007
    Disclosures

    PFRS 8 Operating Segments January 1, 2009


    PFRS 9 (2014) Financial Instruments January 1, 2018
    PFRS 10 Consolidated Financial January 1, 2013
    Statements
    PFRS 11 Joint Arrangements January 1, 2013
    PFRS 12
    Disclosure of Interests in January 1, 2013
    Other Entities

    PFRS 13
    Fair Value Measurement January 1, 2013
    PFRS 14 Regulatory Deferral January 1, 2016
    Accounts
    PFRS 15
    Revenue from Contracts January 1, 2018
    with Customers

    PFRS 16 Leases January 1, 2019


    PFRS 17 Insurance Contracts January 1, 2021

    Philippine Accounting
    Standards

    Number Title Effective date


    PAS 1 (Revised) Presentation of Financial January 1, 2009
    Statements
    PAS 2 Inventories January 1, 2005
    PAS 7
    Statement of Cash Flows January 1, 2005
    PAS 8
    Accounting Policies,
    Changes in Accounting January 1, 2005
    Estimates and Errors

    PAS 10 Events after the January 1, 2005


    Reporting Period
    PAS 12 Income Taxes January 1, 2005
    PAS 16 Property, Plant and January 1, 2005
    Equipment
    PAS 17 Leases January 1, 2005
    PAS 19 (Revised) Employee Benefits January 1, 2013
    PAS 20
    Accounting for
    Government Grants and January 1, 2005
    Disclosure of
    Government Assistance

    PAS 21
    The Effects of Changes in January 1, 2005
    Foreign Exchange Rates

    PAS 23 (Revised) Borrowing Costs January 1, 2009


    PAS 24 (Revised) Related Party January 1, 2011
    Disclosures
    PAS 26
    Accounting and
    Reporting by Retirement January 1, 2005
    Benefit Plans

    PAS 27 (Amended) Separate Financial January 1, 2013


    Statements
    PAS 28 (Amended) Investments in
    Associates and Joint January 1, 2013
    Ventures
    PAS 29 Financial Reporting in
    Hyperinflationary January 1, 2005
    Economies
    PAS 32
    Financial Instruments: January 1, 2007
    Presentation

    PAS 33 Earnings per Share January 1, 2005


    PAS 34 Interim Financial January 1, 2005
    Reporting
    PAS 36 Impairment of Assets January 1, 2005
    PAS 37
    Provisions, Contingent
    Liabilities and January 1, 2005
    Contingent Assets

    PAS 38 Intangible Assets January 1, 2005


    PAS 39
    Financial Instruments:
    Recognition and January 1, 2005
    Measurement

    PAS 40 Investment Property January 1, 2005


    PAS 41 Agriculture January 1, 2005

    Philippine
    Interpretations

    Number Title Effective date


    Philippine Interpretation
    IFRIC-1 Changes in Existing
    Decommissioning, January 1, 2005
    Restoration and Similar
    Liabilities
    Philippine Interpretation
    IFRIC-2 Members’ Shares in Co-
    operative Entities and January 1, 2005
    Similar Instruments

    Philippine Interpretation Determining whether an


    IFRIC-4 Arrangement contains a January 1, 2006
    Lease
    Philippine Interpretation
    IFRIC-5 Rights to Interests
    arising from
    Decommissioning, January 1, 2006
    Restoration and
    Environmental
    Rehabilitation Funds

    Philippine Interpretation
    IFRIC-6 Liabilities arising from
    Participating in a Specific
    Market—Waste December 1, 2005
    Electrical and Electronic
    Equipment

    Philippine Interpretation
    IFRIC-7 Applying the
    Restatement Approach
    under PAS 29 Financial March 1, 2006
    Reporting in
    Hyperinflationary
    Economies

    Philippine Interpretation Interim Financial


    IFRIC-10 Reporting and November 1, 2006
    Impairment
    Philippine Interpretation
    IFRIC-12 Service Concession January 1, 2008
    Arrangements
    Philippine Interpretation
    IFRIC-14 PAS 19—The Limit on a
    Defined Benefit Asset,
    Minimum Funding January 1, 2008
    Requirements and their
    Interaction

    Philippine Interpretation Hedges of a Net


    IFRIC-16 Investment in a Foreign October 1, 2008
    Operation
    Philippine Interpretation
    IFRIC-19 Extinguishing Financial
    Liabilities with Equity July 1, 2010
    Instruments

    Philippine Interpretation Stripping Costs in the


    IFRIC-20 Production Phase of a January 1, 2013
    Surface Mine
    Philippine Interpretation
    IFRIC-21 Levies January 1, 2014

    Philippine Interpretation
    IFRIC-22 Foreign Currency
    Transactions and January 1, 2018
    Advance Consideration

    Philippine Interpretation
    IFRIC-23 Uncertainty over Income January 1, 2019
    Tax Treatments

    Philippine Interpretation
    SIC-7 Introduction of the Euro January 1, 2005
    Philippine Interpretation
    SIC-10 Government Assistance
    —No Specific Relation to January 1, 2005
    Operating Activities

    Philippine Interpretation Operating Leases—


    SIC-15 January 1, 2005
    Incentives
    Philippine Interpretation
    SIC-25 Income Taxes—Changes
    in the Tax Status of an January 1, 2005
    Entity or its
    Shareholders

    Philippine Interpretation
    SIC-27 Evaluating the Substance
    of Transactions Involving January 1, 2005
    the Legal Form of a
    Lease

    Philippine Interpretation Service Concession


    SIC-29 Arrangements: January 1, 2005
    Disclosures
    Philippine Interpretation
    SIC-32 Intangible Assets—Web January 1, 2005
    Site Costs

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