The SGV Knowledge Institute, in collaboration with the SGV Financial Accounting Advisory Services (FAAS) team, hosted a seminar titled “A closer look at the new PFRS Accounting Standard: PFRS 18, Presentation and Disclosure in Financial Statements” on 27 January 2026 at the SGV Cebu Training Rooms.
The session brought together finance and accounting professionals for an in-depth discussion on the new presentation and disclosure requirements under PFRS 18. SGV Cebu Partner-in-Charge and Assurance Partner Margem A. Tagalog opened the seminar by highlighting that PFRS 18 is more than a regulatory update as it fundamentally reshapes the way the statement of profit or loss is presented and redefines how performance measures are disclosed.
The morning session was led by SGV Assurance Partner and Professional Practice Director Dhonabee B. Señeres, who shared insights on the new requirements and categories for classification under PFRS 18. SGV Assurance Growth Areas Leader and SGV Financial Accounting Advisory Services (FAAS) Leader Aris C. Malantic and SGV FAAS Senior Director Dwayne Justin G. Ignacio led the afternoon session, focused on the enhanced guidance on aggregation and disaggregation, the new requirements for management-defined performance measures and the transition to the new standard.
The seminar was spearheaded by Aris who also served as an instructor and resource speaker. The event was organized by FAAS Senior Director Dwayne Justin G. Ignacio, Associate Director Lorene A. Libao, and Administrative Lead Kristine Kaye E. Bacay, with the support of the SGV FAAS team.
The seminar underscored SGV’s commitment to equipping finance teams with the knowledge and tools needed to navigate evolving accounting standards with confidence. Beyond the technical aspects of the new standard, SGV shared key considerations for preparers in the following areas: Strategy, Compliance, Processes, Data and Systems, Internal Reporting, Performance Measurement, Investor Relations, and People.
Another run of the PFRS 18 seminar sessions will be scheduled at the SGV Makati and Davao offices. A separate announcement will be released by SGV FAAS team regarding the final dates.
