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

Name: Hong Kong Financial Reporting Standards for SMEs (2nd Edition)
Brand: Wolters Kluwer (HK) (formerly CCH)
SKU: 9789887840541
Price: 1050.00 HKD
Availability: InStock
Author: Patrick Ng Po Hing
ISBN: 9789887840541

By Patrick Ng Po Hing

Wolters Kluwer (HK) (formerly CCH) September 2022

Specifications

ISBN-13: 9789887840541
Publisher: Wolters Kluwer (HK) (formerly CCH)
Publication: September 2022
Format: Paperback + eBook , 600 pages
Jurisdiction: Hong Kong ? Countri(es) for reference only

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

About the Author

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.

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