AN ASSESSMENT OF THE FINANCIAL REPORTING PRACTICES OF SOME LISTED PHILIPPINE BANKS IN 2008

Arthur S. Cayanan

Abstract


This article shows the results of the assessment of the listed Philippine banks’ financial reporting practices as regards their compliance with the generally accepted accounting principles in the Philippines. The results were compared with the findings of the study on the 2003 annual reports of listed Philippinebanks.

Keywords


disclosures, loans and receivables, financial assets, financial liabilities, consolidated financial statements, special purpose vehicles, impairment losses

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