PFRS Flashcards

1
Q

PFRS 1- FTAOPFRS

A

first time adoption of philippine financial reporting standards

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2
Q

pfrs 2- sbp

A

shared-based payment

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3
Q

pfrs 3- bc

A

business combinations

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4
Q

pfrs 5 ncahfsado

A

non-current assets held for sale and discontinued operations

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5
Q

pfrs 6 efaeomr

A

exploration for and evaluation of mineral resources

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6
Q

pfrs 7 fi:d

A

financial instruments:disclosures

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7
Q

pfrs 8 os

A

operating segments

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8
Q

pfrs 9 fi

A

financial instruments

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9
Q

pfrs 10 cfs

A

consolidated financial statements

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10
Q

pfrs 11 ja

A

joint arrangements

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11
Q

pfrs 12 doiioe

A

disclosures of interest in other entities

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12
Q

pfrs 13 fvm

A

fair value measurement

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13
Q

pfrs 14 rda

A

regulatory deferral accounts

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14
Q

pfrs 15 rfcwc

A

revenue from contracts with customers

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15
Q

pfrs 16 L

A

leases

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16
Q

pfrs 17 ic

A

insurance contracts

17
Q

TSDS

A

the sustainability disclosure standards

18
Q

romans 6:23 kjv

A

Romans 6:23 “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.”

describes the eternal life as a gift from God through Jesus Christ. When someone trusts in Christ, God credits then with Christ’s sinless life and accepts Christ’s death as payment for their sins. this results in eternal life with God and share in His glory