Philippine Financial Reporting Standards for Android

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Key Details of Philippine Financial Reporting Standards

The Philippine Financial Reporting Standards (PFRS) are the new set of Generally Accepted Accounting Principles (GAAP) issued by the Accounting...
Last updated on July 9, 2020
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The Philippine Financial Reporting Standards (PFRS) are the new set of Generally Accepted Accounting Principles (GAAP) issued by the Accounting...

The Philippine Financial Reporting Standards (PFRS) are the new set of Generally Accepted Accounting Principles (GAAP) issued by the Accounting Standards Council (ASC) to govern the preparation of financial statements. These standards are patterned after the revised International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).