New Hong Kong financial statement guide

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08 Mar 2006

Deloitte (China) has published (PDF 3,118k).

The objective of this guide is to provide assistance with the process of drafting 2005 financial statements prepared in conformity with Hong Kong Financial Reporting Standards (HKFRSs). As of 1 January 2005, HKFRSs became fully harmonised with International Financial Reporting Standards (IFRSs), except for a few minor differences. This process resulted in the revision of numerous Standards and Interpretations and the issuance of several brand new Standards and Interpretations. The cumulative effect of these revisions and new Standards is that entities are being required to rewrite substantially their financial statements in 2005. The new guide includes 2005 HKFRS model financial statements, a presentation and disclosure checklist for 2005, and a section summarising the key changes made to the listing rules that affect the disclosure and presentation of information in the 2005 annual report.

Correction list for hyphenation

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