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tTGa. xo. 735.9ao? I 734-3949 TREiEO/ESPIrrul
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PREWEEK LECTURE NOTES
NOTE TO REVIEWEE:
The following is a list of guidelines and summarized financial accounting standards under Full PFRS. Comments in
t-extboxes highligh fel_5MEj.. Entities with public accountability and other economically
significant entities shall use full PFRS. Small and medium enterprises (SMEs) are to use PFRS for SMEs.
Inthe Philippines, more specificalty, an enttty ;s an SME (as defined by Philippine SEC; required to follaw PFRS for
SMEs) it all of the following conditions are net:
a.
The entity has total assets of befileen P3M and P35AM or total liabilities of between P3M and P250M
b.
It is not required to file financial statements under SRC Rule 68.1
c.
It is not in the process of filin-o its tinanciat statements for the purpose of issuing any class of instruments in a
public market
d. It is not a public utilitY, and
e. It is not a hotder of a secondary ltcense rssued by a regulatory agency (e.9. bank, all investment house etc.)
"ol!-ej&tg€Ilt
eiEsIS'F
Property, plant and eqLiipixentx
Intangibles*
Investment ,n associates and loint ventures*
Investment property*
Financral assets (at amortized cost and at fair value through OCIIL)*
Other long-term investments (e.9. Fund investments, Cash surrender value)
Deferred tax assetsx
Other assets (e.9. Noncurrent non-trade receivables)
LIABILITIES
current Liabilities
Trade and other payablesx
Current provisions*
Short-term borrowings
Current portion of long-term debt
' Current tax liability (lncome tax payable)+
Noncurrent Liabilities
Noncurrent portion of long-term debt
Finance lease liability
Deferred tax liabilityx
Other long-term debt
STOCKHOLDERS' EQUITY
Share Capitalx (Issued and Subscribed)
Reseryes*
' Share prem./APIC reserves (Excess over parr Treasury stock trans, other gains fr. capital transactions)
Accu mu I ated
3:1itJfii#5iuu,,on s u rp r u s
Accumulated tJnrealized Flolding Gains/Losses on Investment at Fair Value Through OCI/L
Accum u lated Foreign Exchan ge Tra nslation Ga ns/Losses i