PHILIPPINE ACCOUNTING

STANDARDS
PAS 1 – PRESENTATION OF FINANCIAL STATEMENTS
PAS 2 – INVENTORIES (INV2RIES)
PAS 7 – CASH FLOW STATEMENT
PAS 8 – CHANGES IN ACCOUNTING ESTIMATES AND POLICIES
(ESTIM8S)
PAS 10 – EVENTS AFTER THE BALANCE SHEET DATE
(EVENTS;10S
PAS 11 – CONSTRUCTION CONTRACTS
PAS 12 – INCOME TAXES
PAS 16 – PROPERTY, PLANT, AD EQUIPMENT (PPE)
PAS 18 – REVENUE
PAS 19 – EMPLOYEE BENEFITS
PAS 20 – GOVERNMENT GRANTS
PAS 21 – CHANGES IN FOREIGN EXCHANGE RATE
PAS 23 – BORROWING COST
PAS 24 – RELATED PARTY DISCLOSURE (l2ELATED 4TY)
PAS 26 – RETIREMENT BENEFIT PLAN
PAS 27 – CONSOLIDTED AND SEPARETE FS
PAS 28 – INVESTMENT IN ASSOCIATES (A2CI8S)
PAS 29 – FINANCIAL REPORTING IN HYPERINFLATIONARY
ECONOMIES
PAS 31 – INTEREST IN JOINT VENTURES
PAS 32 – FINANCIAL INSTRUMENTS: PRESENTATION
PAS 33 – EARANINGS PER SHARE (3ARNING PER SHAR3)
PAS 34 – INTERIM FINANCIAL REPORTING
PAS 36 – IMPAIRMENT OF ASSETS
PAS 37 – PROVISIONS AND CONTIGENCIES
PAS 38 – INTAGIBLE ASSETS (ASS38S)
PAS 40 – INVESTMENT PROPERTY ( PRO40)
PAS 41 – AGRICULTURE
 PHILIPPINE FINANCIAL
REPORTING STANDARD
PFRS 1 – FIRST TIME ADOPTION OF PFRS
PFRS 2 – SHARED- BASED PAYMENTS
PFRS 3 – BUSINESS COMBINATIONS
PFRS 4 – INSURANCE CONTRACTS (SUPERSEDED BY PFRS 17)
PFRS 5 – NCAHFS/ DISCOUNTED OPERATIONS
PFRS 6 – EVALUATION OF MINERAL RESOURCES
PFRS 7 – FINANCIAL IMSTRUMENT: DISCLOSURES
PFRS 8 – OPERATING SEGMENTS
PFRS 9 – FINANCIAL INSTRUMENTS
PFRS 10 – CONSOLIDATEFINANCIAL STATEMENTS
PFRS 11 – JOINT ARRANGEMENTS
PFRS 12 – DISCLOSURE OF INTEREST IN OTHER ENTITIES
PFRS 13 – FAIR VALUE MEASUREMENT
PFRS 14 – REGULATORY DEFFERAL ACCOUNTS
PFRS 15 – REVENUE FROM CONTRACTS WITH CUSTOMERS
PFRS 16 – LEASES
PFRS 17 – INSURANCE CONTRACTS (EFFECTIVE JAN 1,2023)