Member of Grant Thornton International You’re invited to an Accounting update on...

New and Revised Philippine Accounting Standards (PAS) and Philippine Financial Reporting Standards (PFRS) Topics Covered:

Session 1 – October 26, 2005 (Wednesday)

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PAS 1

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PAS 8

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PAS 27

: : : Presentation of Financial Statements Accounting Policies, Changes in Accounting Estimates and Errors Consolidated and Separate Financial Statements -

PAS 28

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PAS 31

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PAS 33

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PAS 19

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PFRS 2

: : : : : Investments in Associates Interests in Joint Ventures Earnings Per Share Employee Benefits Share-based Payment

Dates and Venue:

P&A Training Center, 4 th Floor 111 Paseo de Roxas Avenue, Makati City October 26, 2005 (Session 1); October 27, 2005 9 am to 5 pm (Registration starts at 8 am) (Session 2); November 11, 2005 (Session 3)

Registration and Payment:

Registration fee for each session is P2,750 per person (VAT inclusive). Companies sending more than one participant and/or participants attending more than one session are entitled to a 10% discount.

Payment - Cash or check payable to Punongbayan & Araullo, to be sent to our office at the 20th floor, Tower 1, The Enterprise Center, 6766 Ayala Ave. cor. Paseo de Roxas, Makati City on or before October 24, 2005.

Session 2 – October 27, 2005 (Thursday)

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PAS 2

: Inventories -

PAS 10

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PAS 24

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PAS 32

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PAS 39

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PAS 40

: Events After Balance Sheet Date : Related Party Transactions : Financial Instruments: Disclosure and Presentation : Financial Instruments: Recognition and Measurement : Investment Property

Session 3 – November 11, 2005 (Friday)

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PAS 16

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PAS 17

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PAS 21

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PAS 36

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PAS 38

: Property, Plant and Equipment : Leases : The Effects of Changes in Foreign Exchange Rates : Impairment of Assets : Intangible Assets -

PFRS 1

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PFRS 3

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PFRS 5

: First-time Adoption of PFRS : Business Combination : Non-current Assets Held for Sale and Discontinued Operations Lunch and snacks will be served.

For inquires, contact

Mai Sigue-Bisnar

(T: 887-9430 E: [email protected]

) or

Liza Jasa

(T: 886-55-11 ext. 750 E: [email protected]

). Please submit accomplished enrollment forms

on or before October 22, 2005

. Our representative will be contacting you to confirm your participation.