Philippine Accounting Standards

Effect
PAS ive
Title Date

Presentation of Financial
Statements [superseded by PAS 01/01/
PAS 1 1 (Revised)] 05

Amendment to PAS 1: Capital 01/01/

Disclosures 07

PAS 1 Presentation of Financial 01/01/

(Revised) Statements 09

Amendments to PAS 32 and PAS

1: Puttable Financial Instruments
and Obligations Arising on 01/01/
Liquidation 09

Amendments to PAS 1:
Presentation of Items of Other 07/01/
Comprehensive Income 12*

01/01/
PAS 2 Inventories 05

01/01/
PAS 7 Cash Flow Statements 05

Accounting Policies, Changes in 01/01/

PAS 8 Accounting Estimates and Errors 05

Events after the Balance Sheet 01/01/

PAS 10 Date 05

01/01/
PAS 11 Construction Contracts 05
 01/01/
PAS 12 Income Taxes 05

Amendments to PAS 12
Deferred Tax: Recovery of 01/01/
Underlying Assets 12

Segment Reporting [superseded 01/01/

PAS 14 by PFRS 8] 05

01/01/
PAS 16 Property, Plant and Equipment 05

01/01/
PAS 17 Leases 05

01/01/
PAS 18 Revenue 05

01/01/
PAS 19 Employee Benefits 05

Amendments to PAS 19: Actuarial

Gains and Losses, Group Plans 01/01/
and Disclosures 06

PAS 19 01/01/
(Amended) Employee Benefits 13*

Accounting for Government

Grants and Disclosure of 01/01/
PAS 20 Government Assistance 05

The Effects of Changes in Foreign 01/01/

PAS 21 Exchange Rates 05

Amendment: Net Investment in a 01/01/

Foreign Operation 06
 Borrowing Costs [superseded by 01/01/
PAS 23 PAS 23 (Revised)] 05

PAS 23 01/01/
(Revised) Borrowing Costs 09

Related Party
Disclosures [superseded by PAS 01/01/
PAS 24 24 (Revised)] 05

PAS 24 01/01/
(Revised) Related Party Disclosures 11

Accounting and Reporting by 01/01/

PAS 26 Retirement Benefit Plans 05

Consolidated and Separate

Financial
Statements [superseded by PAS 01/01/
PAS 27 27 (revised)] 05

PAS 27 Consolidated and Separate 07/01/

(Revised) Financial Statements 09

Amendments to PFRS 1 and PAS

27: Cost of an Investment in a
Subsidiary, Jointly Controlled 01/01/
Entity or Associate 09

PAS 27 01/01/
(Amended) Separate Financial Statements 13*

01/01/
PAS 28 Investments in Associates 05

PAS 28 Investments in Associates and 01/01/

(Amended) Joint Ventures 13*

PAS 29 Financial Reporting in 01/01/

 Hyperinflationary Economies 05

Disclosures in the Financial

Statements of Banks and Similar
Financial Institutions [superseded 01/01/
PAS 30 by PFRS 7] 05

01/01/
PAS 31 Interests in Joint Ventures 05

Financial Instruments: Disclosure 01/01/

PAS 32 and Presentation 05

Financial Instruments: 01/01/

Presentation 07

Amendments to PAS 32 and PAS

1: Puttable Financial Instruments
and Obligations Arising on 01/01/
Liquidation 09

Amendment to PAS 32: 02/01/

Classification of Rights Issues 10

Amendments to PAS 32:

Offsetting Financial Assets and 01/01/
Financial Liabilities 14*

01/01/
PAS 33 Earnings per Share 05

01/01/
PAS 34 Interim Financial Reporting 05

01/01/
PAS 36 Impairment of Assets 05

Provisions, Contingent Liabilities 01/01/

PAS 37 and Contingent Assets 05
 01/01/
PAS 38 Intangible Assets 05

Financial Instruments: 01/01/

PAS 39 Recognition and Measurement 05

Amendments to PAS 39:

Transition and Initial Recognition
of Financial Assets and Financial 01/01/
Liabilities 05

Amendments to PAS 39: Cash

Flow Hedge Accounting of 01/01/
Forecast Intragroup Transactions 06

Amendments to PAS 39: The Fair 01/01/

Value Option 06

Amendments to PAS 39 and PFRS 01/01/

4: Financial Guarantee Contracts 06

Amendments to PAS 39 and PFRS

7: Reclassification of Financial 07/01/
Assets 08

Amendments to PAS 39 and PFRS

7: Reclassification of Financial
Assets Effective Date and 07/01/
Transition 08

Amendments to Philippine
Interpretation IFRIC9 and PAS 06/30/
39: Embedded Derivatives 09

Amendment to PAS 39: Eligible 07/01/

Hedged Items 09

01/01/
PAS 40 Investment Property 05
 01/01/
PAS 41 Agriculture 05

Financial Reporting Standards for

Non-publicly Accountable
Entities [superseded by PFRS for 01/01/
PAS 101 SMEs] 05

Amendment to PAS 101: Change 01/01/

in Effective Date 05