FAAS conducts PFRS seminars

SGV Financial Accounting Advisory Services (FAAS) conducted a seminar on Philippine Financial Reporting Standard (PFRS) 16 – Leases on 25 November at the Washington SyCip Development Center. Over 100 financial professionals from various industries attended the event.

Assurance Partner John T. Villa (JTV) provided an overview of the significant provisions and salient features of the standard, including relevant tax considerations. FAAS Senior Director Alexander Bughaw then conducted exercises to help participants identify issues in the application of PFRS 16 and plan for its adoption.

JTV discussing the features of PFRS 16
Participants in the PFRS 16 seminar

As part of the thought-leadership programs of FAAS, several other partners conducted PFRS seminars in Makati, Cebu and Clark. These seminars were led by FAAS Partner Benjamin N. Villacorte (BNV), Assurance Partner Albert R. Bon (ARB), Global Compliance and Reporting Partner Frances J. Villamayor (FJV), and FAAS Senior Director TJ Ray Raagas.

SGV will be holding additional PFRS seminars on 16 December in Davao and 17 January in Makati. To register for the upcoming seminars, go to: http://www.sgv.ph/upcoming-seminars/ifrspfrs-seminar/