Philippine Accounting Standards (PAS) and Philippine Financial Reporting Standards (PFRS)

Vocabulary flashcards summarizing each Philippine Accounting Standard (PAS) and Philippine Financial Reporting Standard (PFRS) mentioned in the lecture notes.

PAS 1

Presentation of Financial Statements

PAS 2

Inventories

PAS 7

Cash Flow Statement

PAS 8

Changes in Accounting Estimates and Policies

PAS 10

Events after the Balance Sheet Date

PAS 11

Construction Contracts

PAS 12

Income Taxes

PAS 16

Property, Plant, and Equipment

PAS 18

Revenue

PAS 19

Employee Benefits

PAS 20

Government Grants

PAS 21

Changes in Foreign Exchange Rate

PAS 23

Borrowing Cost

PAS 24

Related Party Disclosure

PAS 26

Retirement Benefit Plan

PAS 27

Consolidated and Separate Financial Statements

PAS 28

Investment in Associates

PAS 29

Financial Reporting in Hyperinflationary Economies

PAS 31

Interests in Joint Ventures

PAS 32

Financial Instruments: Presentation

PAS 33

Earnings per Share

PAS 34

Interim Financial Reporting

PAS 36

Impairment of Assets

PAS 37

Provisions and Contingent Liabilities and Contingent Assets

PAS 38

Intangible Assets

PAS 40

Investment Property

PAS 41

Agriculture

PFRS for SMEs

Philippine Financial Reporting Standard for Small and Medium-sized Entities

PFRS 1

First-time Adoption of PFRS

PFRS 2

Share-based Payments

PFRS 3

Business Combinations

PFRS 4

Insurance Contracts

PFRS 5

Non-current Assets Held for Sale and Discontinued Operations

PFRS 6

Exploration for and Evaluation of Mineral Resources

PFRS 7

Financial Instruments: Disclosures

PFRS 8

Operating Segments

PFRS 9

Financial Instruments

PFRS 10

Consolidated Financial Statements

PFRS 11

Joint Arrangements

PFRS 12

Disclosure of Interests in Other Entities

PFRS 13

Fair Value Measurement

PFRS 14

Regulatory Deferral Accounts

PFRS 15

Revenue from Contracts with Customers

PFRS 16

Leases

PFRS 17

Insurance Contracts