CPA Review Forum - 

Oathtaking

The above link is the description of the registration schedule to PICPA and the requirements for the Oathtaking ceremony. Please download it directly or go to www.picpa.com.ph for more information.

International Financial Reporting Standards

* IFRS 1 First-time Adoption of International Financial Reporting Standards

* IFRS 2 Share-based Payment

* IFRS 3 Business Combinations

* IFRS 4 Insurance Contracts

* IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

* IFRS 6 Exploration for and Evaluation of Mineral Assets

* IFRS 7 Financial …

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The Framework:

* defines the objective of financial statements
* identifies the qualitative characteristics that make information in financial statements useful
* defines the basic elements of financial statements and the concepts for recognising and measuring them in financial statements
* provides concepts of capital maintenance

[Framework, paragraph 1, hereafter abbreviated F.1]

General Purpose Financial Statements
The …

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Objective of the Preface to IFRS

Sets out IASB's mission and objectives, the scope of International Financial Reporting Standards (IFRS), due process for developing IFRS and Interpretations, and policies on effective dates, format, and language for IFRS.

IASB's Objectives

* Under the IASCF Constitution, the objectives of the IASB are:

o (a) to develop, in the public interest, a …

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