STANDARDS PAS PFRS

Question 1

What is PFRS 1?

Answer 1

PFRS 1 (Revised): First-time Adoption of Philippine Financial Reporting Standards

Question 2

What is PFRS 2?

Answer 2

PFRS 2: Share-based Payment

Question 3

What is PFRS 3?

Answer 3

PFRS 3 (Revised): Business Combinations

Question 4

What is PFRS 4?

Answer 4

PFRS 4: Insurance Contracts

Question 5

What is PFRS 5?

Answer 5

PFRS 5: Non-current Assets Held for Sale and Discontinued Operations

Question 6

What is PFRS 6?

Answer 6

PFRS 6: Exploration for and Evaluation of Mineral Resources

Question 7

What is PFRS 7?

Answer 7

PFRS 7: Financial Instruments: Disclosures

Question 8

What is PFRS 8?

Answer 8

PFRS 8: Operating Segments

Question 9

What is PFRS 9?

Answer 9

PFRS 9 (2014): Financial Instruments

Question 10

What is PFRS 10?

Answer 10

PFRS 10: Consolidated Financial Statements

Question 11

What is PFRS 11?

Answer 11

PFRS 11: Joint Arrangements

Question 12

What is PFRS 12?

Answer 12

PFRS 12: Disclosure of Interests in Other Entities

Question 13

What is PFRS 13?

Answer 13

PFRS 13: Fair Value Measurement

Question 14

What is PFRS 14?

Answer 14

PFRS 14: Regulatory Deferral Accounts

Question 15

What is PFRS 15?

Answer 15

PFRS 15: Revenue from Contracts with Customers

Question 16

What is PFRS 16?

Answer 16

PFRS 16: Leases

Question 17

What is PFRS 17?

Answer 17

PFRS 17: Insurance Contracts (Effective January 1, 2025)

Question 18

What is PFRS 18?

Answer 18

PFRS 18: Presentation and Disclosure in Financial Statements (Effective January 1, 2027)

Question 19

What is PFRS 19?

Answer 19

PFRS 19: Subsidiaries without Public Accountability: Disclosures (Effective January 1, 2027)

Question 20

What is PAS 1?

Answer 20

PAS 1 (Revised): Presentation of Financial Statements

Question 21

What is PAS 2?

Answer 21

PAS 2: Inventories

Question 22

What is PAS 7?

Answer 22

PAS 7: Statement of Cash Flows

Question 23

What is PAS 8?

Answer 23

PAS 8: Accounting Policies, Changes in Accounting Estimates and Errors

Question 24

What is PAS 10?

Answer 24

PAS 10: Events after the Reporting Period

Question 25

What is PAS 12?

Answer 25

PAS 12: Income Taxes

Question 26

What is PAS 16?

Answer 26

PAS 16: Property, Plant and Equipment

Question 27

What is PAS 19?

Answer 27

PAS 19 (Revised): Employee Benefits

Question 28

What is PAS 20?

Answer 28

PAS 20: Accounting for Government Grants and Disclosure of Government Assistance

Question 29

What is PAS 21?

Answer 29

PAS 21: The Effects of Changes in Foreign Exchange Rates

Question 30

What is PAS 23?

Answer 30

PAS 23 (Revised): Borrowing Costs

Question 31

What is PAS 24?

Answer 31

PAS 24 (Revised): Related Party Disclosures

Question 32

What is PAS 26?

Answer 32

PAS 26: Accounting and Reporting by Retirement Benefit Plans

Question 33

What is PAS 27?

Answer 33

PAS 27 (Amended): Separate Financial Statements

Question 34

What is PAS 28?

Answer 34

PAS 28 (Amended): Investments in Associates and Joint Ventures

Question 35

What is PAS 29?

Answer 35

PAS 29: Financial Reporting in Hyperinflationary Economies

Question 36

What is PAS 32?

Answer 36

PAS 32: Financial Instruments: Presentation

Question 37

What is PAS 33?

Answer 37

PAS 33: Earnings per Share

Question 38

What is PAS 34?

Answer 38

PAS 34: Interim Financial Reporting

Question 39

What is PAS 36?

Answer 39

PAS 36: Impairment of Assets

Question 40

What is PAS 37?

Answer 40

PAS 37: Provisions, Contingent Liabilities and Contingent Assets

Question 41

What is PAS 38?

Answer 41

PAS 38: Intangible Assets

Question 42

What is PAS 39?

Answer 42

PAS 39: Financial Instruments: Recognition and Measurement

Question 43

What is PAS 40?

Answer 43

PAS 40: Investment Property

Question 44

What is PAS 41?

Answer 44

PAS 41: Agriculture