![Example of Financial Statements Prepared Under PFRS for SMEs](https://i0.wp.com/philcpa.org/wp-content/uploads/2016/03/novedad_10431.jpg?resize=150%2C150&ssl=1)
Example of Financial Statements Prepared Under PFRS for SMEs
Small and Medium-sized Entities (SMEs) are widespread in the Philippines. According to the DTI-NCR, SMEs comprises of 99.6% (in number) of the Philippine enterprise. It’s inevitable, therefore, that there are many companies reporting under Philippine Financial Reporting Standards for Small…