Adoption of Revised PAS 1 for Ficial Reporting

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SEC MEMORANDUM CIRCULAR NO. 5, S. OF 2007: Adoption of Revised PAS 1 for Ficial Reporting

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Title Supreme Court: Adoption of Revised PAS 1 for Ficial Reporting

Law: Sec Memorandum Circular No. 5, S. Of 2007

Decision Date: Oct 19, 2007

The Securities and Exchange Commission adopts the revised Philippine Accounting Standard No. 1, enhancing financial statement presentation to improve analysis and comparability, effective for annual periods starting January 1, 2009.

adoption

financial statements

accounting standard

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