China Master GAAP Guide (12th Edition) (includes FREE one year access of ONLINE version)

Author: Patrick P. H. Ng
Publisher: Wolters Kluwer (HK) (formerly CCH)
ISBN: 9789887617112
Published In: March 2023
Format: Paperback , 1092 pages
Jurisdiction: Hong Kong ? Disclaimer:
Countri(es) stated herein are used as reference only

List Price: HKD 1,500.00

HKD 1,455.00 Save HKD 45.00 (3%)

Download Order Form

Add to Wishlist
| Add to Compare

Description
Contents
Author

Details

Remarks: e-Book version is also available. Please click here to purchase the e-Book version.

*** Special Promotion: Buy PRINT version (i.e. hard copy) will get FREE one year access to e-Book version ***

Wolters Kluwer’s China Master GAAP Guide has long enjoyed a reputation for being the indispensable handbook on accounting and auditing practices in China. In keeping with tradition, this latest China Master GAAP Guide 12^th Edition provides comprehensive and up-to-date commentary on China’s Accounting Standards for Business Enterprises (ASBE) along with detailed explanations, applications, and worked examples for each of the 42 Specific Standards issued by the Ministry of Finance.

Recent developments in the field are also adequately addressed, covering such areas as the International Financial Reporting Standards (IFRS) on joint arrangements, business combinations, financial instruments, revenue from contracts with customers, and the requirements on the Application Guidance and interpretations.

Coherent with the development of the IFRS (IFRS 16 Leases), the amended ASBE 21 Leases introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value.

The China Master GAAP Guide 12^th Edition includes a brand-new chapter to fully explain the new requirements of the amended ASBE 21. Besides, it also covers the requirements of the amended ASBE 7 Exchange of Non-monetary Assets and ASBE 12 Debt Restructuring in detail.

Equipped with worked examples, systematic analyses, as well as a reader-friendly index, the China Master GAAP Guide 12^th Edition is the essential tool for all accountants and other professionals who perform accounting or auditing work for business enterprises in China.

This China Master GAAP Guide 12^th Edition provides:

a separate chapter for each ASBE;
various worked and applied examples to enhance understanding on ASBE; and
comprehensive, practical and up-to-date commentary on ASBE.

Each of the 42 Specific Standards is explained in detail. Chapters on the Basic Standard and Accounting Standards for Small-sized Enterprises are also included.

1 Introduction

2 Basic Standard

3 ASBE 1 Inventories

4 ASBE 2 Long-Term Equity Investments

5 ASBE 3 Investment Property

6 ASBE 4 Fixed Assets

7 ASBE 5 Biological Assets

8 ASBE 6 Intangible Assets

9 ASBE 7 Exchange of Non-Monetary Assets

10 ASBE 8 Impairment of Assets

11 ASBE 9 Employee Benefits

12 ASBE 10 Enterprise Annuity Fund

13 ASBE 11 Share-based Payment

14 ASBE 12 Debt Restructuring

15 ASBE 13 Contingencies

16 ASBE 14 Revenue

17 ASBE 15 Construction Contracts

18 ASBE 16 Government Grants

19 ASBE 17 Borrowing Costs

20 ASBE 18 Income Taxes

21 ASBE 19 Foreign Currency Translation

22 ASBE 20 Business Combinations

23 ASBE 21 Leases

24 ASBE 22 Recognition and Measurement of Financial Instruments

25 ASBE 23 Transfer of Financial Assets

26 ASBE 24 Hedge Accounting

27 ASBE 25 Direct Insurance Contracts

28 ASBE 26 Reinsurance Contracts

29 ASBE 27 Extraction of Petroleum and Natural Gas

30 ASBE 28 Changes in Accounting Policies and Estimates, and Correction of Errors

31 ASBE 29 Events after the Balance Sheet Date

32 ASBE 30 Presentation of Financial Statements

33 ASBE 31 Cash Flow Statements

34 ASBE 32 Interim Financial Reporting

35 ASBE 33 Consolidated Financial Statements

36 ASBE 34 Earnings per Share

37 ASBE 35 Segment Reporting

38 ASBE 36 Related Party Disclosures

39 ASBE 37 Presentation of Financial Instruments

40 ASBE 38 First-Time Adoption of Accounting Standards for Business Enterprises

41 ASBE 39 Fair Value Measurement

42 ASBE 40 Joint Arrangements

43 ASBE 41 Disclosure of Interests in other Entities

44 ASBE 42 Non-current Assets and Disposal Groups Held for Sale and Discontinued Operations

45 Accounting Standards for Small-Sized Enterprises

Patrick P. H. Ng (M. Phil., BA (Hons), FCPA, FCCA, HON. H.K.A.T.) is a Lecturer of the Department of Business at the Hong Kong Institute of Vocational Education (Chai Wan). Previously, he was a Lecturer of the Department of Accountancy, City University of Hong Kong.

Mr Ng received a Bachelor of Arts Degree with First Class Honours (in Accounting, Finance & Economics) from the University of Essex and a Master of Philosophy (n Finance) from King’s College of the University of Cambridge. He is a Fellow of the Hong Kong Institute of Certified Public Accountants (HKICPA), a Fellow of the Association of Chartered Certified Accountants (ACCA), and an Honorary Hong Kong Accounting Technician. Mr Ng served as a board member of the Hong Kong Institute of Accredited Accounting Technicians (HKIAAT) from 1999 to 2003, editor of the Members’ Journal of ACCA (Hong Kong) from 1997 to 2005, 2007 to 2009, and chief editor of Accounting Personnel, the Journal of HKIAAT, from 1996 to 2006.

Mr Ng is an accomplished and well-respected writer in the field of accounting and financial reporting. He is the author/co-author of thirteenth accounting textbooks entitled, HKIAAT’s PBE Paper 1 Financial Accounting, Advanced Accounting, Financial Accounting for Hong Kong, New Senior Secondary BAFS Frank Woods’ Accounting Module Exam Practice 1, Introduction to Financial Accounting in Hong Kong, Basic Cost Accounting in Hong Kong, Financial Accounting, HKAL Principles of Accounts (Volumes 1 and 2), HKIAAT’s ATE Paper 1 Financial Accounting, HKIAAT’s ATE Paper 7 Financial Accounting, Examination Guide to ACCA Paper 13 (H) Financial Reporting Environment (Hong Kong), Corporate Accounting – Business Combinations in Hong Kong and Accounting in Hong Kong Regulatory Framework and Advanced Accounting Practice.

Mr Ng has published in total more than 65 articles on financial reporting and audit assurance disciplines, in international refereed journals, professional journals and refereed conference proceedings. He taught the Professional Stage of ACCA Examination Courses on Financial Reporting and Advanced Corporate Reporting Papers with the City University of Hong Kong for more than 11 years.

Mr Ng lent his many years of practical experience in accounting and auditing disciplines and substantial teaching and research experience to Wolters Kluwer’s loose-leaf publication ‘‘Hong Kong Master GAAP — A Practical Guide to Accounting Standards’’ in 1999. It was then published as a bound book and re-titled ‘‘Hong Kong Master GAAP Guide — A Master Guide to Financial Reporting Standards’’ which goes into the 16th Edition in 2021.

With Chinese Accounting Standards converging towards International Financial Reporting Standards (IFRS), Mr Ng has extended his international knowledge of Financial Reporting Standards to ‘‘China Master GAAP Guide” which was launched in 2004 and goes into the 12th Edition in 2023.

Mr Ng is also the Editor for “Hong Kong Financial Reporting Standards for SMEs (2022) Edition” which provides guidance on the application of financial reporting requirements applicable to non-listed companies and small and medium-sized entities.