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ACPAPP Accounting Bulletin

ACPAPP Accounting Bulletin No. 04-2023 I March 31, 2023

PIC-Q&A-No-2022-04.pdf ( This circularizes Philippine Interpretations Committee (PIC) Questions and Answers (Q&A) No. 2022-04, PFRS 9 Business Model Assessment Practical Issues dated January 12, 2023. PIC Q&A No. 2022-04 is intended to provide guidance in applying the business model assessment of PFRS 9 in practice. Impairment of non-financial assets - common mistakes ( This In brief applies to all entities with significant non-financial assets that are required to be tested for impairment under IAS 36. Set out below is a refresher on some basic concepts on impairment of non-financial assets, and reminders on those aspects of the value in use (VIU) methodology where common mistakes are made.



Should you have any comments or questions arising from this publication,

please contact ACPAPP Secretariat.


ACPAPP is a united professional organization of CPAs in public practice that promotes professional excellence and ethical practice towards providing relevant services to the business world.

This communication contains general information only.

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