16 Jul 2014
This publication from Deloitte (Hong Kong) gives a high-level summary of HKFRS 15, "Revenue from Contracts with Customer," which is identical to IFRS 15 issued by the IASB.
24 Jun 2014
This newsletter discusses the recently issued IFRS 15 'Revenue from Contracts with Customers'.
17 Jan 2014
This special edition of Financial Reporting in Hong Kong contains a summary of accounting standards that are mandatorily effective for 2013 financial year. Application of many of these Standards requires significant judgement — how these new Standards are applied by entities for the first time would probably be the area of the regulatory focus when regulators review entities' financial statements.
15 Jan 2014
This newsletter describes the amendments in the 'Annual Improvements to HKFRSs 2011-2013 Cycle', which are identical to the amendments to IFRSs issued by the IASB in December 2013. These Annual Improvements contain amendments to four Standards, one of which relates to the commonly encountered issue as to whether an acquisition of a company whose principal assets are investment properties should be treated as an acquisition of assets or a business combination. This newsletter explains the amendment and the related accounting implications.
23 Jul 2012
This newsletter describes the amendments to HKFRS 10, HKFRS 11 and HKFRS 12 titled 'Consolidated Financial Statements', 'Joint Arrangements' and 'Disclosure of Interests in Other Entities: Transition Guidance' addressing how an entity should apply the transition guidance set out in HKFRS 10, HKFRS 11 and HKFRS 12.
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