Describe philippine accounting standard pas

Assignment Help Financial Accounting

Reference no: EM133378908

Questions:

1. Describe Philippine Accounting Standard (PAS)

2. State the objectives of PAS 1

3. Identity who are covered by PAS 1.

4. Discuss the purpose of financial statements

5. List the components of a complete set of financial statements

6. Discuss the concept of fair presentation

7. Explain the things that should be disclosed in case an entity departed from compliance with the Philippine Financial Reporting Standards (PFRSs)

Reference no: EM133378908

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