Tags: PFRS for SMEs

Reduce the financial-statement disclosures

Posted on March 16, 2016 by | 0 Comments
(First of two parts) Financial statements in the Philippines for companies reporting under Philippine Financial Reporting Standards (PFRS), or its little brother, PFRS for small- and medium-sized enterprises (SMEs) are notorious for the horrendous disclosures attached to the financial statements.…
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Understanding PFRS for SMEs (Q&As)

Posted on February 9, 2013 by | 0 Comments
In  the SEC Commission En Banc meeting dated December 3, 2009, it decided to adopt the Philippine Financial Reporting Standards for Small and Medium-sized Entities (PFRS for SMEs).  The PFRS for SMEs were adopted by the Philippine Financial Reporting Standards Council (FRSC)…
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