Amendment on Booking of ROPA Timing

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BSP CIRCULAR NO. 555: Amendment on Booking of ROPA Timing

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Title Source: Supreme Court: Amendment on Booking of ROPA Timing

Law: Bsp Circular No. 555

Decision Date: Jan 17, 2007

The Monetary Board amends the accounting guidelines for Real and Other Properties Acquired (ROPA), stipulating that properties acquired through foreclosure or dation in payment must be booked upon specific legal actions and require independent appraisal for values exceeding P5 million.

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