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Conceptual Framework and Reporting Standard: Small and Medium Sized Enterprise 1. Certain topics are not dealt with in the PFRS for SMEs. These topics include: a. Going concern b. Periodicity c. Consistency of presentation d. Earnings per share   2. Entity with total assets of more than P3.0M to P100M or total liabilities of more than P3.0M to P100M are   a. Micro entity b. Small sized entity c. Medium sized entity d. Corporation   3. .Entity with total assets of more than P100.0M to P350M or total liabilities of more than P100.0M to P250M are   a. Micro entity b. Small sized entity c. Medium sized entity d. Corporation

Conceptual Framework and Reporting Standard: Small and Medium Sized Enterprise 1. Certain topics are not dealt with in the PFRS for SMEs. These topics include: a. Going concern b. Periodicity c. Consistency of presentation d. Earnings per share   2. Entity with total assets of more than P3.0M to P100M or total liabilities of more than P3.0M to P100M are   a. Micro entity b. Small sized entity c. Medium sized entity d. Corporation   3. .Entity with total assets of more than P100.0M to P350M or total liabilities of more than P100.0M to P250M are   a. Micro entity b. Small sized entity c. Medium sized entity d. Corporation

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Conceptual Framework and Reporting Standard: Small and Medium Sized Enterprise

1. Certain topics are not dealt with in the PFRS for SMEs. These topics include:

a. Going concern
b. Periodicity
c. Consistency of presentation
d. Earnings per share
 
2. Entity with total assets of more than P3.0M to P100M or total liabilities of more than P3.0M to P100M are
 
a. Micro entity
b. Small sized entity
c. Medium sized entity
d. Corporation
 
3. .Entity with total assets of more than P100.0M to P350M or total liabilities of more than P100.0M to P250M are
 
a. Micro entity
b. Small sized entity
c. Medium sized entity
d. Corporation
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