Transcription of FINANCIAL REPORTING PACKAGE FOR BANKS
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FINANCIAL REPORTING PACKAGE FOR BANKS
FINANCIAL REPORTING PACKAGE FOR BANKS (Updated as of 31 May 2019) FINANCIAL REPORTING PackageORGANIZATION OF THE INSTRUCTIONS OF THE FRP1 GENERAL INSTRUCTIONSWho must Report on What Forms/Schedules1 Frequency of Reporting2 Rules of Consolidation3 Amounts Reported3 STRUCTURE OF THE FRPT ypes of Books4 Regular Banking Book FCDU/EFCDUC ounterparty Classification4 Residents Government Bangko Sentral ng Pilipinas BANKS Private Corporations Non-Residents Central Government/Central Bank Public Sector Entities BANKS Corporations Multilateral AgenciesAdditional Information6 Classification as to Original Term Geographic Regions of Non-resident CounterpartiesMANUAL OF ACCOUNTSA sset AccountsCash on Hand8 Local Currency Foreign Currency Checks and
The Financial Reporting Package (FRP) is a set of financial statements for prudential reporting purposes composed of the Balance Sheet, Income Statement and Supporting Schedules. The FRP is primarily designed to align the BSP reportorial requirements with the (1) provisions of the Philippine Financial Reporting Standards
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