General Financial Reporting Requirements under The Revised SRC Rule 68

Jovani of Account2Things

This webinar discusses guidelines in determining the appropriate accounting framework and additional form and content of FS.

The Revised SRC Rule 68 provides the general guidelines in determining whether an entity must apply the full PFRS, PFRS for SMEs or PFRS for SEs. It also guides FS preparers on the additional form and content of FS required to be filed with the SEC. <ul><li>Determining the appropriate financial reporting framework to use</li><li>Ensuring completeness of the Statement of Management's Responsibility (SMR)</li><li>Review on the supplementary schedules attached to the FS</li><li>Schedule of filing of FS for corporations</li><li>Comparative financial statements, presentation and its corresponding Auditor’s Report</li><li>Scale of fines and penalties, and test of materiality</li><li>Material Uncertainty Related to Going Concern paragraph, capital deficiency</li></ul>This webinar is best suited for small practitioners, auditors and FS preparers.Course level: Intermediate

Order of the day<ul><li>08:30 – Attendance and check-ins</li><li>09:00 – Webinar proper with quick breaks in between</li><li>11:30 – Q&A</li><li>11:45 – Kahoot games (with prizes)</li></ul>It's best practice to check-in early to sort any technical issues.

<h1>Note: This webinar will not earn you CPD credit. </h1>

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