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Hong Kong Financial Reporting Standards for SMEs (2nd Edition) (e-book)

Hong Kong Financial Reporting Standards for SMEs (2nd Edition) (e-book)

  • Author:
  • Publisher: Wolters Kluwer (HK) (formerly CCH)
  • ISBN: PFSME
  • Published In: September 2022
  • Format: e-Book , 600 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%)

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    Remarks: PRINT version is also available. Please click here to purchase PRINT version.

     

    *** Special Promotion: Buy e-book version will get a FREE hard copy of PRINT 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.

     
    Remarks: The price you pay now includes one year access to the online contents, plus free updates within one year. After one year, you will be asked to pay for an annual subscription fee again if you want to keep reading the online contents. The next year annual subscription fee will be determined by the publisher in the next year.

  • 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.

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