JK&C LIBRARYSEC Memorandum Circular No. 11, s. 2001
Overview
SEC Memorandum Circular No. 11, s. 2001 adopts into SEC rules and regulations certain Statements of Financial Accounting Standards approved by the Accounting Standards Council. These standards relate to financial statement presentation, inventories, contingencies, foreign exchange, intangible assets, investments, income recognition, stockholders’ equity, banking, business combinations, cash flow statements, income taxes, retirement benefit costs, borrowing costs, construction contracts, nonlife insurance, revenue, earnings per share, interim reporting, segment reporting, property, plant and equipment, related party disclosures, consolidated financial statements, investments in associates, joint ventures, discontinuing operations, and impairment of assets.
Full Text
Overview
SEC Memorandum Circular No. 11, s. 2001 adopts into SEC rules and regulations certain Statements of Financial Accounting Standards approved by the Accounting Standards Council. These standards relate to financial statement presentation, inventories, contingencies, foreign exchange, intangible assets, investments, income recognition, stockholders’ equity, banking, business combinations, cash flow statements, income taxes, retirement benefit costs, borrowing costs, construction contracts, nonlife insurance, revenue, earnings per share, interim reporting, segment reporting, property, plant and equipment, related party disclosures, consolidated financial statements, investments in associates, joint ventures, discontinuing operations, and impairment of assets.
Short Title / Subject
Adoption of Statements of Financial Accounting Standards Approved by the Accounting Standards Council
Full Text
|
IAS No. |
Title | |
| Framework |
- |
Framework for the Preparation andPresentation of Financial Statements |
| SFAS No. 1 (Revised) | 1 | Presentation of Financial Statements |
| SFAS No. 4 (Revised) | 2 | Inventories |
| SFAS No. 22 (Revised) | 7 | Cash Flow Statements |
| SFAS No. 13 (Revised) | 8 | Net Profit or Loss for the Period,Fundamental Errors and Changes in Accounting Policies |
| SFAS No. 31 | 14 | Segment Reporting |
| SFAS No. 30 | 34 | Interim Financial Reporting |
(Original Signed)
LILIA R. BAUTISTA
Chairperson
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Source
Official Source: Securities and Exchange Commission
Official URL: https://appointment.sec.gov.ph/mc-2001/sec-memorandum-circular-no-11-10/
Citation
Securities and Exchange Commission (SEC), Memorandum Circular, SEC Memorandum Circular No. 11, s. 2001, SEC Memorandum Circular No. 11, s. 2001, 2001-09-17
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Source
Securities and Exchange Commission Official source
Citation
Securities and Exchange Commission (SEC), Memorandum Circular, SEC Memorandum Circular No. 11, s. 2001, SEC Memorandum Circular No. 11, s. 2001, 2001-09-17