This webinar discusses the requirements of the Philippine Financial Reporting Standards for Small Entities (PFRS for SEs) concerning the measurement of assets at certain amounts that will be reflected on the financial statements. These measurements may be based on cost, lower of cost or market, fair value, among others, depending on the type of asset. Professional accountants should have a clear grasp of these accounting requirements in order to service their clients and employers. It is for this reason that this webinar is being conducted.