Revaluation of Fixed Assets and Reported Earnings in Selected Philippine Firms

  • Erlinda S. Echanis UP College of Business Administration
  • Arthur S. Cayanan UP College of Business Administration


The authors estimated the impact on Earnings Per Share of revaluations of fixed assets in three listed Philippine corporations.  The authors conclude that the Statement of Financial Accounting Standards (SFAS) No. 12 governing such revaluations may be inadequate in providing important information for the investing public.  The authors also note apparent violations of SFAS No. 12 procedures and disclosure requirements and recommend greater vigilance on the part of regulatory bodies. 


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