Philippine Accounting Standards Download PDF



Philippine Accounting Standards

The Philippine Accounting Standards (PAS) along with the Philippine Financial Reporting Standards (PFRS) are the current set of Generally Accepted Accounting Principles (GAAP) in the Philippines. They were issued by the Accounting Standards Council (ASC) to govern the preparation of financial statements. They are based from the International Accounting Standards (IAS) which was adopted by the Philippine Financial Reporting Standards Council (PFRSC) and subsequently approved by the Securities and Exchange Commission.

Given below is the complete list of Philippine Accounting Standards along with the links to the PDF files which you could download and save to your computer or smartphone. Study them well and know them by heart. Simply scroll down and and click on the links to download the Philippine Accounting Standards that you need.

PAS Phillippine Accounting Standards

PAS Phillippine Accounting Standards

PAS
Title Effective
Date
PAS 1 Presentation of Financial Statements [superseded by PAS 1 (Revised)]
01/01/05
  Amendment to PAS 1: Capital Disclosures
01/01/07
PAS 1 (Revised) Presentation of Financial Statements
01/01/09
  Amendments to PAS 32 and PAS 1: Puttable Financial Instruments and Obligations Arising on Liquidation
01/01/09
  Amendments to PAS 1: Presentation of Items of Other Comprehensive Income
07/01/12*
PAS 2 Inventories
01/01/05
PAS 7 Cash Flow Statements
01/01/05
PAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
01/01/05
PAS 10 Events after the Balance Sheet Date
01/01/05
PAS 11 Construction Contracts
01/01/05
PAS 12 Income Taxes
01/01/05
  Amendments to PAS 12 – Deferred Tax: Recovery of Underlying Assets
01/01/12
PAS 14 Segment Reporting [superseded by PFRS 8]
01/01/05
PAS 16 Property, Plant and Equipment
01/01/05
PAS 17 Leases
01/01/05
PAS 18 Revenue
01/01/05
PAS 19 Employee Benefits
01/01/05
  Amendments to PAS 19: Actuarial Gains and Losses, Group Plans and Disclosures
01/01/06
PAS 19 (Amended) Employee Benefits
01/01/13*



PAS
Title Effective
Date
PAS 20 Accounting for Government Grants and Disclosure of Government Assistance
01/01/05
PAS 21 The Effects of Changes in Foreign Exchange Rates
01/01/05
  Amendment: Net Investment in a Foreign Operation
01/01/06
PAS 23 Borrowing Costs [superseded by PAS 23 (Revised)]
01/01/05
PAS 23 (Revised) Borrowing Costs
01/01/09
PAS 24 Related Party Disclosures [superseded by PAS 24 (Revised)]
01/01/05
PAS 24 (Revised) Related Party Disclosures
01/01/11
PAS 26 Accounting and Reporting by Retirement Benefit Plans
01/01/05
PAS 27 Consolidated and Separate Financial Statements [superseded by PAS 27 (revised)]
01/01/05
PAS 27 (Revised) Consolidated and Separate Financial Statements
07/01/09
  Amendments to PFRS 1 and PAS 27: Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate
01/01/09
PAS 27 (Amended) Separate Financial Statements
01/01/13*
PAS 28 Investments in Associates
01/01/05
PAS 28 (Amended) Investments in Associates and Joint Ventures
01/01/13*
PAS 29 Financial Reporting in Hyperinflationary Economies
01/01/05
PAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions [superseded by PFRS 7]
01/01/05
PAS 31 Interests in Joint Ventures
01/01/05
PAS 32 Financial Instruments: Disclosure and Presentation
01/01/05
  Financial Instruments: Presentation
01/01/07
  Amendments to PAS 32 and PAS 1: Puttable Financial Instruments and Obligations Arising on Liquidation
01/01/09
  Amendment to PAS 32: Classification of Rights Issues
02/01/10
  Amendments to PAS 32: Offsetting Financial Assets and Financial Liabilities
01/01/14*
PAS 33 Earnings per Share
01/01/05
PAS 34 Interim Financial Reporting
01/01/05
PAS 36 Impairment of Assets
01/01/05
PAS 37 Provisions, Contingent Liabilities and Contingent Assets
01/01/05
PAS 38 Intangible Assets
01/01/05
PAS 39 Financial Instruments: Recognition and Measurement
01/01/05
  Amendments to PAS 39: Transition and Initial Recognition of Financial Assets and Financial Liabilities
01/01/05
  Amendments to PAS 39: Cash Flow Hedge Accounting of Forecast Intragroup Transactions
01/01/06
  Amendments to PAS 39: The Fair Value Option
01/01/06
  Amendments to PAS 39 and PFRS 4: Financial Guarantee Contracts
01/01/06
  Amendments to PAS 39 and PFRS 7: Reclassification of Financial Assets
07/01/08
  Amendments to PAS 39 and PFRS 7: Reclassification of Financial Assets – Effective Date and Transition
07/01/08
  Amendments to Philippine Interpretation IFRIC–9 and PAS 39: Embedded Derivatives
06/30/09
  Amendment to PAS 39: Eligible Hedged Items
07/01/09
PAS 40 Investment Property
01/01/05
PAS 41 Agriculture
01/01/05
PAS 101 Financial Reporting Standards for Non-publicly Accountable Entities [superseded by PFRS for SMEs]
01/01/05
  Amendment to PAS 101: Change in Effective Date
01/01/05