: Detailed explanations of the Entity Concept , Going Concern , Monetary Unit , and Historical Cost principles.
The 2021–2024 editions of Basic Financial Accounting and Reporting have been updated to reflect the and the revised curriculum of the Commission on Higher Education (CHED) . : Detailed explanations of the Entity Concept ,
: Detailed explanations of journalizing, posting to the ledger, preparing trial balances, and finalizing financial statements. posting to the ledger
The 2024 and 2026 editions have been updated to reflect the latest and Philippine Accounting Standards (PAS) . preparing trial balances