PFRS/PAS
| PFRS | Title | Effective Date |
| PFRS 1 | First-time Adoption of Philippine Financial Reporting Standards [superseded by PFRS 1 (Revised)] |
01/01/05
|
| Amendments to PFRS 1: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate |
01/01/09
| |
| PFRS 1 (Revised) | First-time Adoption of Philippine Financial Reporting Standards |
07/01/09
|
| Amendments to PFRS 1: Additional Exemptions for First-time Adopters |
01/01/10
| |
| Amendment to PFRS 1: Limited Exemption from Comparative PFRS 7 Disclosures for First-time Adopters |
07/01/10
| |
| Amendments to PFRS 1: Severe Hyperinflation and Removal of Fixed Date for First-time Adopters |
07/01/11
| |
| Amendments to PFRS 1: Government Loans |
01/01/13*
| |
| PFRS 2 | Share-based Payment |
01/01/05
|
| Amendments to PFRS 2: Vesting Conditions and Cancellations |
01/01/09
| |
| Amendments to PFRS 2: Group Cash-settled Share-based Payment Transactions |
01/01/10
| |
| PFRS 3 | Business Combinations [superseded by PFRS 3 (Revised)] |
01/01/05
|
| PFRS 3 (Revised) | Business Combinations |
07/01/09
|
| PFRS 4 | Insurance Contracts |
01/01/05
|
| Amendments to PFRS 4: Financial Guarantee Contracts |
01/01/06
| |
| PFRS 5 | Non-current Assets Held for Sale and Discontinued Operations |
01/01/05
|
| PFRS 6 | Exploration for and Evaluation of Mineral Resources |
01/01/06
|
| PFRS 7 | Financial Instruments: Disclosures |
01/01/07
|
| Amendments to PFRS 7: Transition |
01/01/07
| |
| Amendments to PFRS 7: Reclassification of Financial Assets |
07/01/08
| |
| Amendments to PFRS 7: Reclassification of Financial Assets - Effective Date and Transition |
07/01/08
| |
| Amendments to PFRS 7: Improving Disclosures about Financial Instruments |
01/01/09
| |
| Amendments to PFRS 7: Disclosures - Transfers of Financial Assets |
07/01/11
| |
| Amendments to PFRS 7: Disclosures - Offsetting Financial Assets and Financial Liabilities |
01/01/13*
| |
| Amendments to PFRS 7: Mandatory Effective Date of PFRS 9 and Transition Disclosures |
01/01/15*
| |
| PFRS 8 | Operating Segments |
01/01/09
|
| PFRS 9 | Financial Instruments |
01/01/15
|
| Amendments to PFRS 9: Mandatory Effective Date of PFRS 9 and Transition Disclosures |
01/01/15*
| |
| PFRS 10 | Consolidated Financial Statements |
01/01/13*
|
| Amendments to PFRS 10: Transition Guidance |
01/01/13*
| |
| Amendments to PFRS 10: Investment Entities |
01/01/14*
| |
| PFRS 11 | Joint Arrangements |
01/01/13*
|
| Amendments to PFRS 11: Transition Guidance |
01/01/13*
| |
| PFRS 12 | Disclosure of Interests in Other Entities |
01/01/13*
|
| Amendments to PFRS 12: Transition Guidance |
01/01/13*
| |
| Amendments to PFRS 12: Investment Entities |
01/01/14*
| |
| PFRS 13 | Fair Value Measurement |
01/01/13*
|
Philippine Accounting Standards (PASs)
| PAS | Title | Effective Date |
| PAS 1 | Presentation of Financial Statements [superseded by PAS 1 (Revised)] |
01/01/05
|
| Amendment to PAS 1: Capital Disclosures |
01/01/07
| |
| PAS 1 (Revised) | Presentation of Financial Statements |
01/01/09
|
| Amendments to PAS 1: Puttable Financial Instruments and Obligations Arising on Liquidation |
01/01/09
| |
| Amendments to PAS 1: Presentation of Items of Other Comprehensive Income |
07/01/12*
| |
| PAS 2 | Inventories |
01/01/05
|
| PAS 7 | Statement of Cash Flows1 |
01/01/05
|
| PAS 8 | Accounting Policies, Changes in Accounting Estimates and Errors |
01/01/05
|
| PAS 10 | Events after the Reporting Period2 |
01/01/05
|
| PAS 11 | Construction Contracts |
01/01/05
|
| PAS 12 | Income Taxes |
01/01/05
|
| Amendments to PAS 12 - Deferred Tax: Recovery of Underlying Assets |
01/01/12
| |
| PAS 14 | Segment Reporting [superseded by PFRS 8] |
01/01/05
|
| PAS 16 | Property, Plant and Equipment |
01/01/05
|
| PAS 17 | Leases |
01/01/05
|
| PAS 18 | Revenue |
01/01/05
|
| PAS 19 | Employee Benefits [superseded by PAS 19 (Amended)] |
01/01/05
|
| Amendments to PAS 19: Actuarial Gains and Losses, Group Plans and Disclosures [superseded by PAS 19 (Amended)] |
01/01/06
| |
| PAS 19 (Amended) | Employee Benefits |
01/01/13*
|
| PAS 20 | Accounting for Government Grants and Disclosure of Government Assistance |
01/01/05
|
| PAS 21 | The Effects of Changes in Foreign Exchange Rates |
01/01/05
|
| Amendment: Net Investment in a Foreign Operation |
01/01/06
| |
| PAS 23 | Borrowing Costs [superseded by PAS 23 (Revised)] |
01/01/05
|
| PAS 23 (Revised) | Borrowing Costs |
01/01/09
|
| PAS 24 | Related Party Disclosures [superseded by PAS 24 (Revised)] |
01/01/05
|
| PAS 24 (Revised) | Related Party Disclosures |
01/01/11
|
| PAS 26 | Accounting and Reporting by Retirement Benefit Plans |
01/01/05
|
| PAS 27 | Consolidated and Separate Financial Statements [superseded by PAS 27 (Revised)] |
01/01/05
|
| PAS 27 (Revised) | Consolidated and Separate Financial Statements [superseded by PAS 27 (Amended)] |
07/01/09
|
| Amendments to PAS 27: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate[superseded by PAS 27 (Amended)] |
01/01/09
| |
| PAS 27 (Amended) | Separate Financial Statements |
01/01/13*
|
| Amendments to PAS 27 (Amended): Investment Entities |
01/01/14*
| |
| PAS 28 | Investments in Associates [superseded by PAS 28 (Amended)] |
01/01/05
|
| PAS 28 (Amended) | Investments in Associates and Joint Ventures |
01/01/13*
|
| PAS 29 | Financial Reporting in Hyperinflationary Economies |
01/01/05
|
| PAS 30 | Disclosures in the Financial Statements of Banks and Similar Financial Institutions [superseded by PFRS 7] |
01/01/05
|
| PAS 31 | Interests in Joint Ventures [superseded by PFRS 11] |
01/01/05
|
| PAS 32 | Financial Instruments: Disclosure and Presentation |
01/01/05
|
| Financial Instruments: Presentation |
01/01/07
| |
| Amendments to PAS 32: Puttable Financial Instruments and Obligations Arising on Liquidation |
01/01/09
| |
| Amendment to PAS 32: Classification of Rights Issues |
02/01/10
| |
| Amendments to PAS 32: Offsetting Financial Assets and Financial Liabilities |
01/01/14*
| |
| PAS 33 | Earnings per Share |
01/01/05
|
| PAS 34 | Interim Financial Reporting |
01/01/05
|
| PAS 36 | Impairment of Assets |
01/01/05
|
| Amendments to PAS 36: Recoverable Amount Disclosures for Non-Financial Assets |
01/01/14*
| |
| PAS 37 | Provisions, Contingent Liabilities and Contingent Assets |
01/01/05
|
| PAS 38 | Intangible Assets |
01/01/05
|
| PAS 39 | Financial Instruments: Recognition and Measurement |
01/01/05
|
| Amendments to PAS 39: Transition and Initial Recognition of Financial Assets and Financial Liabilities |
01/01/05
| |
| Amendments to PAS 39: Cash Flow Hedge Accounting of Forecast Intragroup Transactions |
01/01/06
| |
| Amendments to PAS 39: The Fair Value Option |
01/01/06
| |
| Amendments to PAS 39: Financial Guarantee Contracts |
01/01/06
| |
| Amendments to PAS 39: Reclassification of Financial Assets |
07/01/08
| |
| Amendments to PAS 39: Reclassification of Financial Assets - Effective Date and Transition |
07/01/08
| |
| Amendments to PAS 39: Embedded Derivatives |
06/30/09
| |
| Amendment to PAS 39: Eligible Hedged Items |
07/01/09
| |
| PAS 40 | Investment Property |
01/01/05
|
| PAS 41 | Agriculture |
01/01/05
|
| PAS 101 | Financial Reporting Standards for Non-publicly Accountable Entities [superseded by PFRS for SMEs] |
01/01/05
|
| Amendment to PAS 101: Change in Effective Date [superseded by PFRS for SMEs] |
01/01/05
|
1 As a result of the changes in terminology made by PAS 1 in 2007, the title of PAS 7 was changed from Cash Flow Statements toStatement of Cash Flows.
2 As a result of the changes in terminology made by PAS 1 in 2007, the title of PAS 10 was changed from Events after the Balance Sheet Date to Events after the Reporting Period. |
| Annual Improvements to PFRSs |
Effective Date
|
| Improvements to PFRSs (Approved in 2008) | |
| Amendments to PAS 1, PAS 16, PAS 19, PAS 20, PAS 23, PAS 27, PAS 28, PAS 29, PAS 31, PAS 36, PAS 38, PAS 39, PAS 40, PAS 41 |
01/01/09
|
| Amendments to PFRS 5 |
07/01/09
|
| Improvements to PFRSs (Approved in 2009) | |
| Amendments to PFRS 2, PAS 38, Philippine Interpretation IFRIC–9, Philippine Interpretation IFRIC–16 |
07/01/09
|
| Amendments to PFRS 5, PFRS 8, PAS 1, PAS 7, PAS 17, PAS 36, PAS 39 |
01/01/10
|
| Amendment to PAS 18, Appendix |
05/27/09
|
| Improvements to PFRSs (Approved in 2010) | |
| Amendments to PFRS 3, Transition requirements for amendments to PAS 21, PAS 28 and PAS 31 made as a result of PAS 27 (Revised) |
07/01/10
|
| Amendments to PFRS 1, PFRS 7, PAS 1, PAS 34, Philippine Interpretation IFRIC–13 |
01/01/11
|
| Annual Improvements to PFRSs 2009-2011 Cycle | |
| Amendments to PFRS 1, PAS 1, PAS 16, PAS 32 and PAS 34 |
01/01/13*
|
| * | For BOA/PRC Approval |
