0

IAS 16 & 38 Amendment – Revenue-based depreciation not appropriate

Advertisements A variety of depreciation methods can be used to allocate the depreciable amount of an asset on a systematic ...
1

Equity method of accounting in Separate Financial Statements now allowed

Doesn’t this sounds interesting? Equity method of accounting in the separate financial statements are now allowed which will ...
0

Amendments to PAS 16 and PAS 41 for bearer plants

The requirement of the existing Philippine Accounting Standards (PAS)* 41 Agriculture, is to measure biological assets and agricultural ...
0

IFRS 15 Download and Learning Resources

Recently, the International Accounting Standards Board and the Financial Accounting Standards Board of US jointly issued a converged ...
0

IFRS 15 – Revenue from Contracts with Customers (final revenue standard)

International Financial Reporting Standards (IFRS) 15 specifies how and when an entity will recognize revenue as well as requiring ...
0

International Integrated Reporting Framework Finally Released

Last September 2013, we brought to you our thoughts on the integrated reporting in our article “Integrated Reporting: The future ...
0

Integrated Reporting: The future of corporate reporting

Financial reports, sustainability reports, annual reports – these are some amongst the wide variety of corporate reports being published ...
0

PIC Q&A No. 2012-01: Pooling of interest method on common control business combination

PIC Q&A No. 2012-01: PFRS 3.2 – Application of the Pooling of Interests Method for Business Combinations of Entities under Common ...
0

PIC Q&A No. 2012-02: Cost of a new building constructed on the site of a previous building

In Year 1, ABC Company acquired a land with a building for a basket price of P100 million and have allocated the cost based on relative ...
0

Revised PAS 19 (PAS 19R) Employee Benefits Technical Summary

The Revised Philippine Accounting Standards (PAS) 19, Employee Benefits (PAS 19R), has became effective or applicable for financial ...
0

Getting to Know PFRS 13, Fair Value Measurements

In accounting context, fair value is not an out-of-this-world term.  In fact, we see only few financial statements that do not use ...
6

IASB publishes Guide for Micro-sized Entities Applying the IFRS for SMEs

On June 27, 2013, the International Accounting Standards Board (IASB) issued a Illustrative Guidance entitled “A Guide for Micro-sized ...

What are you searching for?


Let us help you! Enter your 'search key word' to search an article / topic!