IDNStudy.com, ang iyong mapagkukunan ng eksaktong at maaasahang mga sagot. Magtanong ng anumang bagay at makatanggap ng agarang tugon mula sa aming dedikadong komunidad ng mga eksperto.

.Describe the purpose of accounting standards such as the Phil. Financial Reporting Standard(PFRS)and the Phil. Accounting Standard(PAS).​

Sagot :

Answer:

The rationale for using the IFRS/Philippine Financial Reporting Standards (PFRS) is to ensure consistency in recording, recognizing and measuring financial transactions, which, if followed properly, will ensure stability and transparency throughout the financial reporting process of the company