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Philippine Financial Reporting Standards: Number Title Effective Date

This document lists the Philippine Financial Reporting Standards (PFRS) and Philippine Accounting Standards (PAS) along with their corresponding titles and effective dates. There are 16 PFRS standards covering topics like business combinations, share-based payments, insurance contracts, and leases. There are also 40 PAS standards addressing topics such as presentation of financial statements, inventories, events after the reporting period, employee benefits, and intangible assets. The standards provide requirements for financial reporting in the Philippines and specify when each individual standard takes effect.

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50 views2 pages

Philippine Financial Reporting Standards: Number Title Effective Date

This document lists the Philippine Financial Reporting Standards (PFRS) and Philippine Accounting Standards (PAS) along with their corresponding titles and effective dates. There are 16 PFRS standards covering topics like business combinations, share-based payments, insurance contracts, and leases. There are also 40 PAS standards addressing topics such as presentation of financial statements, inventories, events after the reporting period, employee benefits, and intangible assets. The standards provide requirements for financial reporting in the Philippines and specify when each individual standard takes effect.

Uploaded by

ahdj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Philippine Financial Reporting Standards

Number Title Effective date


First-time Adoption of Philippine Financial
PFRS 1 (Revised) July 1, 2009
Reporting Standards
PFRS 2 Share-based Payment January 1, 2005
PFRS 3 (Revised) Business Combinations July 1, 2009
PFRS 4 Insurance Contracts January 1, 2005
Non-current Assets Held for Sale and
PFRS 5 January 1, 2005
Discontinued Operations
Exploration for and Evaluation of Mineral
PFRS 6 January 1, 2006
Resources
PFRS 7 Financial Instruments: Disclosures January 1, 2007
PFRS 8 Operating Segments January 1, 2009
PFRS 9 (2014) Financial Instruments January 1, 2018
PFRS 10 Consolidated Financial Statements January 1, 2013
PFRS 11 Joint Arrangements January 1, 2013
PFRS 12 Disclosure of Interests in Other Entities January 1, 2013
PFRS 13 Fair Value Measurement January 1, 2013
PFRS 14 Regulatory Deferral Accounts January 1, 2016
PFRS 15 Revenue from Contracts with Customers January 1, 2018
PFRS 16 Leases January 1, 2019
PFRS 17 Insurance Contracts January 1, 2021
Philippine Accounting Standards

Number Title Effective date


PAS 1 (Revised) Presentation of Financial Statements January 1, 2009
PAS 2 Inventories January 1, 2005
PAS 7 Statement of Cash Flows January 1, 2005
Accounting Policies, Changes in
PAS 8 January 1, 2005
Accounting Estimates and Errors
PAS 10 Events after the Reporting Period January 1, 2005
PAS 12 Income Taxes January 1, 2005
PAS 16 Property, Plant and Equipment January 1, 2005
PAS 17 Leases January 1, 2005
PAS 19 (Revised) Employee Benefits January 1, 2013
Accounting for Government Grants and
PAS 20 January 1, 2005
Disclosure of Government Assistance
The Effects of Changes in Foreign
PAS 21 January 1, 2005
Exchange Rates
PAS 23 (Revised) Borrowing Costs January 1, 2009
PAS 24 (Revised) Related Party Disclosures January 1, 2011
Accounting and Reporting by Retirement
PAS 26 January 1, 2005
Benefit Plans
PAS 27 (Amended) Separate Financial Statements January 1, 2013
Investments in Associates and Joint
PAS 28 (Amended) January 1, 2013
Ventures
Financial Reporting in Hyperinflationary
PAS 29 January 1, 2005
Economies
PAS 32 Financial Instruments: Presentation January 1, 2007
PAS 33 Earnings per Share January 1, 2005
PAS 34 Interim Financial Reporting January 1, 2005
PAS 36 Impairment of Assets January 1, 2005
Provisions, Contingent Liabilities and
PAS 37 January 1, 2005
Contingent Assets
PAS 38 Intangible Assets January 1, 2005
Financial Instruments: Recognition and
PAS 39 January 1, 2005
Measurement
PAS 40 Investment Property January 1, 2005
PAS 41 Agriculture January 1, 2005

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