ACTIVITY CONTROL SHEET

# Title Day
Philippine Accounting Standards F 1 2 3 4 5 R
1 Presentation of Financial Statements
2 Inventories
7 Statement of Cash Flows
8 Accounting Policies, Changes in Accounting Estimates and Errors
10 Events after the reporting period
12 Income Taxes
16 Property, Plant and Equipment
19 Employee Benefits
20 Accounting for Government Grants and Disclosure of Government
Assistance
21 Effects of Changes in Foreign Exchange Rates
23 Borrowing Costs
24 Related Party Disclosure
26 Accounting and Reporting by retirement benefit plan
27 Separate Financial Statement
28 Investments in Associates and Joint Ventures
29 Financial Reporting in Hyperinflationary Economy
32 Financial Instrument: Presentation
33 Earnings Per Share
34 Interim Financial Reporting
36 Impairment of Assets
37 Provisions, Contingent Liabilities and Contingent Assets
38 Intangible Assets
40 Investment Property
41 Agriculture
Philippine Financial Reporting Standards
1 First time Adoption of Philippine Financial Reporting Standards
2 Shared based Payment
3 Business Combinations
5 Non-current Assets held for sale and discontinued operations
6 Exploration for and evaluation of mineral resources
7 Financial Instruments: Disclosures
8 Operating Segments
9 Financial Instruments
10 Consolidation Financial Instruments
11 Joint Arrangement
12 Disclosure of Interests in other entities
13 Fair Value Measurement
14 Regulatory Deferral Accounts
15 Revenue From Contracts with customers
16 Leases
17 Insurance Contracts
PAS 1: Financial Statements

Objective: Basis for presentation of general purpose financial statements which provides information that is useful fr
wide range users in making economic decision

Must provide the following:

 Assets
 Liabilities
 Equity
 Income and Expenses, including gains and losses
 Contributions by and distributions to owners (in their capacity as owners)
 Cash Flows

Components of Financial Statements

o Statement of Financial Position- at the end of period

o Statement of Profit or Loss and Other comprehensive income- for the period
*Can be presented as single statement
o