An update seminar on Philippine Financial Reporting Standards
November 25, 2008, 8:30 a.m. to 5:30 p.m.
(7:30 registration) at Makati A & B,
Makati Shangri-La Hotel, Makati City
As we continue to experience various PFRS changes, managing such and knowing its business implications remain to be a challenge in many aspects of our business. We have hurdled the significant change in 2005 but recent developments in accounting standards continue to impact our financial reporting. This seminar is designed to provide the information you need to overcome these challenges and to help you prepare for the revisions and improvements to PFRS.
This seminar will assess how far we have gone in adopting PFRS 7, Financial Instruments: Disclosure. We will also take a look at the amendments made to PAS 39, Financial Instruments: Recognition and Measurement effective July 1, 2008 in response to the current credit crisis and its impact on the financial statements. Information needed to have a better grasp of the provisions of these standards will be given.
We will also discuss practical implementation issues on these previouslyissued standards that we believe have become areas of struggle in preparing prior years’ financial statements. Let us analyze these issues and their accounting treatment under PFRS, with practical examples as illustrations.
- PAS 8, Accounting Policies, Changes in Accounting Estimates and Errors
- PAS 18, Revenue Recognition including IFRIC 13, Customer Loyalty Program
- PAS 19, Employee Benefits and PFRS 2, Share-Based Payments
Know the newly-issued revised standards and interpretation effective on or after January 1, 2009. These changes are expected to have impact on the presentation, recognition and measurement requirements under PFRS. As early as now, it is good to know how to deal with these revisions and improvements. To be covered in this seminar are:
- IAS 1, Presentation and Disclosures
- IAS 23, Borrowing Cost
- IAS 16, Property, Plant and Equipment
- IAS 27, Consolidated and Separate Financial Statements
- IAS 40, Investment Property
- IFRS 5, Non-current Asset Held for Sale and Discontinued Operation
- IFRS 8, Segment Reporting
- IFRS 3, Business Combination
- IFRIC 15, Agreement for Construction of Real Estate
In addition we will also cover regulatory developments, including recent SEC circulars, and tax regulations issued during the 1st half of 2008 that will impact the determination of your tax liabilities, This seminar also includes latest reportorial/compliance requirements of the Bureau of Internal Revenue and the SEC..
Seminar fee (includes hand-outs, lunch, AM & PM snacks, 12% VAT)
- P9,500.00/head if registering on or before November 14, 2008
- P10,000/person if registering after November 14, 2008
Please pay on or before November 20, 2008. Kindly make your check payable to “Isla Lipana & Co.” Cancellation of registration will only be honored until November 20, 2008.
Act now! Registration is until November 18, 2008 only.
Register online!
For more info, please call +63 (2) 845-2728 local 3172 (Badz) or 3045 (Jesy) or 3116 (Mylah).
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