Assurance Partners talk at PFRS Update Seminar

The Financial Executives Institute of the Philippines (FINEX) recently hosted a seminar entitled "PFRS Updates" at the Ballroom of Dusit Thani Manila, Makati City.

Assurance Partners Gina Detera and Zaldy Aguirre were among the key resource speakers at the seminar. Their presentations were well- received by the participants. The other speakers were lead technical standards partners from other major accounting firms.

Gina, who concurrently heads the Accounting Consulting Services (ACS) of the firm, discussed the "Revised PAS 19 on Pension" which took effect on 1 January 2013.  She also talked on "IAS 7 on Cash flow preparation".

Zaldy, who is Methodology Partner and Head of the Cebu branch office of the firm, lectured on "PFRS 10, the new standard on consolidation" and "PFRS 13, the new standard on fair value measurement".  Both standards took effect on 1 January 2013.  He also discussed "IFRS 3", which addressed business combination transactions.

Territory Assurance Leader Bles Pestaño initiated the holding of this forum for the benefit of FINEX members. Attending from the firm were Assurance and ACS Director Lois Abad and Senior Manager Apple De Chavez.

Also in photo: Representing the firm at the PRFRS seminar are from left: Zaldy Aguirre, Lois Abad, Bles Pestaño and Apple de Chavez.