CRYPTO: Valuation of crypto (in the context of IFRS 13)

Updates on previous article (CRYPTO: Accounting for non-monetary asset?) Philippine Interpretations Committee (PIC) Q&A, February 2019The Philippine Interpretations Committee (PIC) approved PIC Q&A No. 2019-02 discussing Accounting for Cryptographic Assets in February 2019. The four (4) possible subsets of crypto-assets…
CRYPTO: Accounting for non-monetary asset?

Background As you may have already knew, crypto-assets first gained traction (with the name ‘Bitcoin’ a.k.a. the ‘digital’ gold) following the 2008/9 global financial crisis – created by people who lost their trust and respect to governments and central banks.…
New accountancy tracks forthcoming

GAME-breaking changes are forthcoming in the area of accountancy education and the licensure examination process. These new accountancy tracks for the accountancy profession are among the revisions of the accountancy law that the Board of Accountancy (BOA) will be submitting…
eBIRForms version 6.1 now available

Update: Current version of eBIRForms Offline Package is v7.6.1. Click here to download this latest version. After almost two weeks of unavailability, eBIRForms are now accessible. But aside from that, eBIRForms Offline Package version 6.1 has been released and it’s advised…