PFRS and PAS

Question 1

PFRS 1 (R)

Answer 1

First Time Adoption of Philippine Financial Accounting Standards (PFRS)

Question 2

PFRS 2

Answer 2

Share based payments

Question 3

PFRS 3 (R)

Answer 3

Business Combinations

Question 4

PFRS 4

Answer 4

Insurance Contracts (to be superseded by PFRS 17 on January 1, 2025)

Question 5

PFRS 5

Answer 5

Non current asset held for sale and discontinued operations

Question 6

PFRS 6

Answer 6

Exploration for and Evaluation of Mineral Sources

Question 7

PFRS 7

Answer 7

Financial Instruments: Disclosures

Question 8

PFRS 8

Answer 8

Operating Segments

Question 9

PFRS 9

Answer 9

Financial Instruments (2014)

Question 10

PFRS 10

Answer 10

Consolidated Financial Statements

Question 11

PFRS 11

Answer 11

Joint Arrangements

Question 12

PFRS 12

Answer 12

Disclosure of Interests in Other Entities

Question 13

PFRS 13

Answer 13

Fair Value Measurement

Question 14

PFRS 14

Answer 14

Regulatory Deferral Accounts

Question 15

PFRS 15

Answer 15

Revenue from Contracts with Customers

Question 16

PFRS 16

Answer 16

Leases

Question 17

PFRS 17

Answer 17

Insurance Contracts (effective on January 1, 2025)

Question 18

PAS 1 (R)

Answer 18

Presentation of Financial Statements

Question 19

PAS 2

Answer 19

Inventories

Question 20

PAS 7

Answer 20

Statement of Cash Flows

Question 21

PAS 8

Answer 21

Accounting Policies, Changes in Accounting Estimates and Errors

Question 22

PAS 10

Answer 22

Events After the Reporting Period

Question 23

PAS 12

Answer 23

Income Taxes

Question 24

PAS 16

Answer 24

Property, Plant and Equipment

Question 25

PAS 19 (R)

Answer 25

Employee Benefits

Question 26

PAS 20

Answer 26

Accounting for Government Grants and Disclosure of Government Assistance

Question 27

PAS 21

Answer 27

The Effects of Changes in Foreign Exchange Rates

Question 28

PAS 23 (R)

Answer 28

Borrowing Costs

Question 29

PAS 24 (R)

Answer 29

Related Party Disclosures

Question 30

PAS 26

Answer 30

Accounting and Reporting by Retirement Benefit Plans

Question 31

PAS 27 (A)

Answer 31

Separate Financial Statements

Question 32

PAS 28 (A)

Answer 32

Investments in Associates and Joint Ventures

Question 33

PAS 29

Answer 33

Financial Reporting in Hyperinflationary Economies

Question 34

PAS 32

Answer 34

Financial Instruments: Presentation

Question 35

PAS 33

Answer 35

Earnings Per Share

Question 36

PAS 34

Answer 36

Interim Financial Reporting

Question 37

PAS 36

Answer 37

Impairment of Assets

Question 38

PAS 37

Answer 38

Provisions, Contingent Liabilities and Contingent Assets

Question 39

PAS 38

Answer 39

Intangible Assets

Question 40

PAS 39

Answer 40

Financial Instruments: Recognition and Measurement

Question 41

PAS 40

Answer 41

Investment Property

Question 42

PAS 41

Answer 42

Agriculture