RegAlertRule · SEC · 21 Feb 2020
MC No. 04 s.2020 Deferment of IFRIC Agenda Decision on Over Time Transfer of Constructed Goods and PAS 23 Borrowing Costs for Real Estate Industry
The Securities and Exchange Commission issued Memorandum Circular No. 04 series of 2020 to defer the implementation of the IFRS Interpretations Committee Agenda Decision regarding the over time transfer of constructed goods. This directive specifically applies to the real estate industry and addresses the accounting treatment of borrowing costs under Philippine Accounting Standard 23. The deferment allows real estate entities additional time to comply with the new interpretation before its mandatory adoption.
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MC No. 04 s.2020 Deferment of the Implementation of IFRS Interpretations Committee (“IFRIC”) Agenda Decision on Over Time Transfer of Constructed Goods Philippine Accounting Standards (PAS) 23-Borrowing Cost) For Real Estate Industry
Date: 21 February 2020
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“AMENDMENT TO SEC MEMORANDUM CIRCULARS NO. ... NO. 4, SERIES OF 2020...”
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- Referred to by
“SEC MC No. 4, Series of 2020 Deferral of the Implementation of IFRS Interpretations Committee (“IFRIC”) Agenda Decision...”
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Amended 1 time · last 2021-07-13
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