You have no items in your shopping cart.

Coming Soon Hong Kong Financial Reporting Standards for SMEs (2nd Edition)

Hong Kong Financial Reporting Standards for SMEs (2nd Edition) (includes FREE one year access of ONLINE version)

  • Author:
  • Publisher: Wolters Kluwer (HK) (formerly CCH)
  • ISBN: 9789887840541
  • Published In: August 2022
  • Format: Paperback + eBook , 600 pages
  • Jurisdiction: Hong Kong ? Disclaimer:
    Countri(es) stated herein are used as reference only

List Price: HKD 1,500.00

HKD 1,350.00 Save HKD 150.00 (10%)

Delivery Time: around 1-2 working days ?Extra 2-10 working days for address outside Hong Kong
Not yet published?

The publication date listed on our site is the latest information we have from the publisher, and that this date may change.

Most pre-orders will be dispatched on, or before publication date and we will make every effort to make sure they arrive with you as close to publication date as we can.

OR
  • Description 
  • Contents 
  • Author 
  • Details

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

     

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

     

    Hong Kong Financial Reporting Standards for SMEs (2nd Edition) provides comprehensive guidance on the application of financial reporting requirements under Hong Kong Financial Reporting Standards (“HKFRSs”) for auditors and accounting professionals in non-listed companies and small and medium-sized entities (SMEs).

    This Hong Kong Financial Reporting Standards for SMEs (2nd Edition) fully explains the recognition, measurement, presentation and disclosure at the key areas covered by the HKFRSs applicable for Private Entities and SMEs:

    • Topics not relevant for non-listed companies and SMEs are excluded.
    • Chapters are arranged based on individual HKFRS so that users can easily check and understand the subject matters involved.
    • Flow charts, explanations and practical examples are included to assist users’ understanding where appropriate.
    • Self-practice questions with solutions are included on the theory and practice of applying the financial reporting requirements.


    This book also includes a specific Chapter on Small and Medium-sized Entity Financial Reporting Framework and Financial Reporting Standards (“SME-FRF and SME-FRS”). Each Chapter includes a section identifying the differences in financial reporting and disclosure requirements between HKFRS and SME-FRS. Designed with the needs of the accounting professionals in mind, this book is an essential desktop reference for accountants, financial professionals and SME practitioner.

    Hong Kong Financial Reporting Standards for SMEs (2nd Edition) is an essential desktop reference for accounting professionals who are required to prepare the financial statements of private entities or SMEs. It also serves as a useful reference for auditors when analysing the financial statements of those entities.

    This handy reference guide includes easy-to-follow HKFRSs flow charts, explanations, practical examples and templates of disclosures that greatly facilitate understanding of the practical implementation issues involved in applying these complex standards.

  • Section A Statement of Financial Position and Statement of Profit or Loss and Other Comprehensive Income

    • Property, Plant and Equipment, and Impairment of Assets
    • Investment Property
    • Leases
    • Borrowing Costs
    • Government Grants and Other Government Assistance
    • Non-current Assets Held for Sale and Discontinued Operations, and Inventories
    • Intangible Assets
    • Financial Instruments
    • Provisions, Contingent Liabilities and Contingent Assets
    • Adjustments – Changes in Accounting Policies and Estimates, Correction of Errors, and Events after the Reporting Period
    • Income Taxes
    • Revenue
    • Employee Benefits
    • Share-based Payment

    Section B Statement of Cash Flows

    • Statement of Cash Flows

    Section C Disclosure

    • Related Party Disclosures
    • Fair Value Measurement

    Section D Consolidated Financial Statements

    • Revenue Principles of Consolidation
    • Employee Benefits Accounting for Subsidiaries
    • Accounting for Associates and Joint Arrangements
    • Foreign Currency Translation

    Section E Small and Medium-sized Entity Financial Reporting Framework and Financial Reporting Standard

    • The SME-FRF and SME-FRS
  • Mr. Ng Po Hing Patrick

    Mr. Ng is currently a Lecturer of the Department of Business, Hong Kong Institute of Vocational Education. 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 (in Finance) from King’s College of the University of Cambridge. He is a Fellow of the Hong Kong Institute of Certified Public Accountants, a Fellow of the Association of Chartered Certified Accountants, and an Honorary Hong Kong Accounting Technician. He had served as a Board Member of Hong Kong Institute of Accredited Accounting Technicians from 1999 to 2003, the Editor of the Members’ Journal of ACCA (Hong Kong) from 1997 to 2005 and 2007 to 2009, and the 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 has authored/co-authored twelve accounting textbooks entitled ‘‘Financial Accounting for Hong Kong’’, ‘‘HKIAAT Paper 1 Financial Accounting’’, ‘‘Introduction to Financial Accounting in Hong Kong’’, “Basic Cost Accounting in Hong Kong”, “New Senior Secondary BAFS Frank Woods’ Accounting Module Exam Practice 1”, ‘‘Financial Accounting’’, ‘‘Advanced Accounting’’, ‘‘HKAL – Principles of Accounts (Volume 1 & 2)’’, ‘‘HKIAAT Paper 7 Financial Accounting’’, “HKIAAT PBE Paper 1 “Financial Accounting”, ‘‘Examination Guide to ACCA Paper 13 (H) Financial Reporting Environment (Hong Kong)’’, ‘‘Accounting in Hong Kong: Regulatory Framework and Advanced Accounting Practice’’ and ‘‘Corporate Accounting – Business Combinations in Hong Kong’’.

    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 and substantial teaching and research experience to the Wolters Kluwer’s loose-leaf publication ‘‘Hong Kong GAAP – A Practical Guide to Accounting Standards’’ in 1999. It was then published as a bound book and retitled ‘‘Hong Kong Master GAAP: A Master Guide to Financial Reporting Standards” which goes into the 16th Edition in 2021.

    With Chinese Accounting Standards converging with International Financial Reporting Standards, Mr. Ng has extended his international knowledge of Financial Reporting Standards to another Wolters Kluwer’s publication, ‘‘China Master GAAP Guide’’, which was launched in 2004 and goes into the 12th Edition in 2022.

You may also be interested in these books:

The Hong Kong Company Secretary's Handbook: Practice and Procedure (11th Edition)
The Hong Kong Company Secretary's Handbook: Practice and Procedure (11th Edition)

List Price: HKD 535.00

HKD 518.95 Save HKD 16.05 (3%)

Hong Kong Tax & Accounting Practical Toolkit (Basic Package)
Hong Kong Tax & Accounting Practical Toolkit (Basic Package)
HKD 3,300.00
Hong Kong Taxation and Tax Planning, 20th Edition
Hong Kong Taxation and Tax Planning, 20th Edition
HKD 385.00
Compliance and Company Secretarial Practice of Hong Kong Listed Companies
Compliance and Company Secretarial Practice of Hong Kong Listed Companies

List Price: HKD 1,270.00

HKD 1,231.90 Save HKD 38.10 (3%)

Concise Guide: Compliance and Company Secretarial Practice of Hong Kong Private Companies (e-Book)
Concise Guide: Compliance and Company Secretarial Practice of Hong Kong Private Companies (e-Book)

List Price: HKD 1,910.00

HKD 1,852.70 Save HKD 57.30 (3%)

Hong Kong Company Secretary Checklist
Hong Kong Company Secretary Checklist

List Price: HKD 1,380.00

HKD 1,338.60 Save HKD 41.40 (3%)

Individual Income Tax Planning for Expatriates in China, 6th Edition
Individual Income Tax Planning for Expatriates in China, 6th Edition

List Price: HKD 1,280.00

HKD 640.00 Save HKD 640.00 (50%)

Hong Kong Master GAAP Guide, 15th Edition
Hong Kong Master GAAP Guide, 15th Edition

List Price: HKD 1,500.00

HKD 1,455.00 Save HKD 45.00 (3%)

China Master GAAP Guide (11th Edition)
China Master GAAP Guide (11th Edition)

List Price: HKD 1,500.00

HKD 1,455.00 Save HKD 45.00 (3%)

Financial Instruments: A Comprehensive Guide to Accounting & Reporting (2021)
Financial Instruments: A Comprehensive Guide to Accounting & Reporting (2021)

List Price: HKD 5,620.00

HKD 5,451.40 Save HKD 168.60 (3%)

Accounting Desk Book (2021)
Accounting Desk Book (2021)

List Price: HKD 3,520.00

HKD 3,414.40 Save HKD 105.60 (3%)

CPA's Guide to Effective Engagement Letters (14th Edition)
CPA's Guide to Effective Engagement Letters (14th Edition)

List Price: HKD 2,620.00

HKD 2,541.40 Save HKD 78.60 (3%)

Ernst & Young's International GAAP 2021
Ernst & Young's International GAAP 2021

List Price: HKD 2,200.00

HKD 2,134.00 Save HKD 66.00 (3%)

China Master Tax Guide 2021 (14th Edition)
China Master Tax Guide 2021 (14th Edition)

List Price: HKD 1,680.00

HKD 1,629.60 Save HKD 50.40 (3%)

PwC Manual of Accounting IFRS 2021 Set
PwC Manual of Accounting IFRS 2021 Set

List Price: HKD 2,227.20

HKD 2,075.99 Save HKD 151.21 (7%)

Hong Kong Company Law & Compliance Practical Toolkit (Basic Package)
Hong Kong Company Law & Compliance Practical Toolkit (Basic Package)
HKD 4,400.00