Financial Reporting in Hong Kong 2010

Author: Deloitte Touche Tohmatsu
Publisher: CCH Hong Kong
ISBN: 9789881884251
Published In: March 2010
Format: Hardback , 2650 pages
Jurisdiction: Hong Kong ? Disclaimer:
Countri(es) stated herein are used as reference only

New Edition is available now !

Description
Contents

Details

Financial Reporting in Hong Kong 2010 is the ideal one-stop shop for entities reporting under Hong Kong Financial Reporting Standards (HKFRSs).

This edition includes significant revisions to the previous edition, reflecting both new and revised HKFRSs that became effective as a result of the end of the IASB’s stable platform period in 2009.

This book deals comprehensively with standards and other pronouncements that apply for accounting periods beginning in 2009, the end of IASB’s stable platform, and covers further standards and pronouncements issued up to 31 December 2009 that will apply from 2010. In addition, it addresses the legal and regulatory requirements in relation to financial reporting in Hong Kong.

Key Benefits

For professionals engaged in preparing, analysing and interpreting financial information prepared under HKFRSs, this book provides you with invaluable assistance by:

explaining the requirements of HKFRSs with extensive illustrative examples;
offering in-depth interpretation and commentary where HKFRSs are silent, ambiguous or unclear; and
addressing commonly-encountered practical issues

Key Features

A full list of all HKFRSs and related guidance as issued by the HKICPA at 31 December 2009
Detailed illustrations and examples
Interpretation and commentary on unclear HKRS areas
Tackles frequently encountered practical issues

Where the HKICPA or IASB guidance is ambiguous or insufficient, interpretative materials are highlighted by grey shading

This edition of the manual includes the reporting and accounting requirements contained in:

The Framework
HKFRSs 1 to 9
HKASs 1, 2, 7, 8, 10 to 12, 16 to 21, 23, 24, 26 to 29, 31 to 34 and 36 to 41
HK(IFRIC)–Int 1, 2, and 4 to 19
HK(SIC)–Int 10, 12, 13, 15, 21, 25, 27, 29, 31 and 32
HK–Int 1 and 4
Accounting Guideline 5
The Companies Ordinance in respect of disclosures in the annual financial statements, transactions with officers and directors and directors’ reports;
Listing Rules and GEM Rules in respect of annual and interim financial statements, and summary financial reports; and
Hong Kong Standards on Auditing (HKSA) 700 and 701 in respect of the auditor’s report
A summary of HKFRS 9 Financial Instruments
Business Combinations (HKFRS 3 (2004))
A list of HKFRSs and related guidance issued by the HKICPA in issue at 31 December 2009
A comparison between HKFRSs and IFRSs at 31 December 2009
A glossary of terms, which provides definitions for expressions used throughout this manual and in Hong Kong and international accounting literature
IFRS for SMEs