ACM speaks at CFO Summit

SGV Assurance Partner and Financial Accounting Advisory Services (FAAS) Leader for ASEAN and the Philippines Aris Malantic (ACM) recently spoke at the 10th Corporate Treasury & CFO Summit Philippines at the Fairmont Makati Hotel, Makati City. The summit, which focused on finance and treasury strategies to manage corporate growth, was attended by more than 300 financial executives.

ACM’s presentation covered an overview of the three new accounting standards (PFRS 9, PFRS 15, and PFRS 16), their business implications, related practical considerations, and key requirements. Illustrative examples were provided to aid in understanding the newly issued standards, which are bound to have a major impact on business operations.

Department of Budget and Management Secretary Benjamin Diokno was also present during the event, and opened the program with a keynote address. Executives from leading corporates and banks offered their insights on various topics related to corporate finance, such as the country’s current economic and market landscape, technological disruption, monitoring risk, and automation.