Implementation of IFRS 17, Insurance Contracts

07 Feb 2020

This accounting alert provides an implementation guide in evaluating the impact of IFRS 17 to the financial statements to insurers.

Deferral of IFRIC Agenda Decision on Over Time Transfer of Constructed Goods (PAS 23) for Real Estate Industry

07 Feb 2020

This accounting alert is issued to circulate Securities and Exchange Commission (SEC) Memorandum Circular No. 04-2020 which defers the implementation of the International Financial Reporting Interpretations Committee (IFRIC) agenda decision which clarify that borrowing costs on inventory for unsold units under construction are not capitalized.

BIR suspends requirement for PTU for CAS/CBA

07 Feb 2020

This Tax Alert is issued to inform all concerned on the suspension of the requirement for Permit-to-use (PTU) Computerized Accounting System (CAS), Computerized Books of Accounts (CBA) and components thereof.

IASB issues Classification of Liabilities as Current or Non-current (Amendments to IAS 1)

31 Jan 2020

This Accounting Alert is issued to circulate the new amendments published by the International Accounting Standards Board (IASB) on classification of liabilities as current or non-current.

SEC Memorandum Circular No. 2 - 2020 Filing of Annual Financial Statements and General Information Sheet

31 Jan 2020

This accounting alert provides reminders to all entities registered with the Securities and Exchange Commission (SEC or the Commission) in relation to the filing of their 2019 Annual Financial Statements (AFS) and General Information Sheet (GIS).