專業技術文章

Financial Reporting

2024

• HKFRS 18: a paradigm shift in financial performance presentation (July 2024)
• Distinction between debt and equity (April 2024)
• A review of the revenue recognition requirements (January 2024)
• A Plus Article: Goodbye IAS 1; Hello IFRS 18 (January 2024)

2023

• A review of the impairment of financial instruments (October 2023)
• Classification of liabilities as current or non-current: what’s new? (April 2023)
• Proposed amendments to the IFRS for SMEs Accounting Standard (April 2023)

2022

• Are liabilities subject to conditions classified as current or non-current? (March 2022)
• A review of the classification and measurement of financial instruments (February 2022)
• A proposed IFRS with reduced disclosure requirements (January 2022)

2021

• What’s next for the IASB work plan? (December 2021)
• A step forward for reporting BCUCC (September 2021)
• A chance to tailor a new standard (September 2021)
• A step towards international sustainability standards (August 2021)
• Reconsidering consolidation, joint arrangements and related disclosures - A summary of specific areas of the Institute’s response to the
  IASB request for information on IFRS 10, 11 and 12 (June 2021)
• HKFRS 17 Insurance Contracts: Contractual service margin (May 2021)
• Meet the speaker - What to expect from two e-learning courses on SME-FRF & SME-FRS (May 2021)
• Speak now or forever hold your peace: the proposed new accounting model for business combinations under common control (April 2021)

2020

• Amendments to the SME Standard (July 2020)
• Setting the standard (April 2020)
• Goodwill: improvements to subsequent accounting (March 2020)
• Agenda decisions – time is of the essence (January 2020)
  

2019

• HKFRS 9 - key application challenges for corporates and practical tips (December 2019)
• Revenue recognition considerations in the engineering and construction industries  (August 2019)
• Fashioning global standards (July 2019)
• Applying the new revenue recognition requirements in the insurance intermediary industry (June 2019)
  

2018

• HKFRS 16 – Frequently asked questions on lease discount rate (December 2018)
• Lessee accounting – Farewell to Hong Kong Interpretation 4 (October 2018)

• The application of HKAS 12 Income Taxes in light of the recent Hong Kong profits tax regime (July 2018)

• Insurance accounting redefined (June 2018)
• Estimating expected credit loss under IFRS 9 (January 2018)

2017

• IFRS 13 Fair Value Measurement (December 2017)
• Judgements and estimates in revenue recognition (November 2017)
• Earnings per share errors (September 2017)
• Shaping the future of IFRS together (July 2017)
• Insurance brokers: Accounting for premiums receivable from policyholders (June 2017)
• IFRS 17 Insurance Contracts - the wait is over, now what? (June 2017)
• A glimpse into the future of insurance accounting (June 2017)
• Right here, right now - IAS 7 amendment (April 2017)
• Valuation premiums and discounts (April 2017)
• Non-IFRS performance measures:the good, bad and ugly (February 2017)

2016

• What you need to know about the new leases standard (December 2016)
• Client assets: to recognize or not to recognize on balance sheet? (October 2016)
• What to expect from the forthcoming Insurance Contracts standard (November 2016)
• HKFRS 15 - How the new standard affects revenue of real estate developers if significant financing component exists? (August 2016)
• Why the new requirements for classifying financial instruments, do, matter (July 2016)
• HKFRS 15 - Impact on real estate developers (June 2016)
• Implementing HKFRS 9's new impairment model (May 2016)
• Ticking time on new revenue recognition standard: Less than two years away now, but can you wait any longer? (April 2016)
• The future landscape of financial reporting disclosures (April 2016)
• The intricacies of implementing the new leases standard (February 2016)
• A new life on leases (February 2016)

2015

• 2015 amendments to HKFRS for Private Entities (November 2015)
• Facts and tips for the preparation of a business review (October 2015)
• The IASB's 2015 Agenda Consultation (September 2015)
• How the new standard affects revenue recognition of Hong Kong real estate sales before completion (August 2015)
• Overview of IASB exposure draft on the proposed changes to the existing Conceptual Framework (July 2015)
• HKFRS 9 Financial Instruments (May 2015)
• Amendments to HKFRS to improve the presentation and disclosure in financial reports and introduce minor clarifications to requirements for accounting for investment entities (April 2015)
• Valuation of interest rate swaps (March 2015)
• Issuance of Annual Improvements to HKFRSs 2012-2014 Cycle (March 2015)
• Amendments to HKFRS address separate financial statements and accounting for sale of assets (February 2015)
• The financial year and its related legal concept under the Companies Ordinance (January 2015)

2014

• New and revised standards, interpretations applicable to a year-end of December 2014 (December 2014)
• HKFRS 9 (2014) Financial Instruments completes comprehensive IASB response to financial crisis (November 2014)
• A closer look at the new revenue recognition standard (October 2014)
• Amendments to HKFRS issued by the Institute (September 2014)
• Issuance of a comprehensive standard for revenue recognition (August 2014)
• Proposed portfolio revaluation as alternative to general hedge model (July 2014)
• IASB Conceptual Framework: what busy CPAs need to know (June 2014)
• Accounting for transaction costs incurred in initial public offerings (June 2014)
• Quantum assessment of losses of inventories by forensic CPAs (May 2014)
• Small-and Medium-sized Entity Financial Reporting Framework and Financial Reporting Standard (Revised) (April 2014)
• Annual Improvements to HKFRSs 2010-2012 Cycle and 2011-2013 Cycle (March 2014)
• Major overhaul of hedge accounting included in HKFRS 9 Financial Instruments amendments (February 2014)
• New and revised standards applicable to 2013 year-end (January 2014)
• Application of fair value hierarchy to real estate (January 2014)

2013

• Consultation draft of SME Financial Reporting Framework and Financial Reporting Standard (Revised) has been issued for comment (October 2013)
• Comprehensive proposals for Insurance Contracts accounting have been issued for comment (September 2013)
• What needs to be considered in the classification of a joint arrangement as a joint venture or a joint operation under HKFRS 11 Joint Arrangements? (August 2013)
• How revised IASB draft Leases affects lessees and lessors (August 2013)
• Updates on IASB and FASB financial reporting projects (August 2013)
• The Institute has recently issued an invitation to comment on the IASB exposure draft Leases. (July 2013)
• Ten ways to make sure financial statements are not misstated (July 2013)
• The IFRS Foundation published educational material to assist preparers in applying IFRS/HKFRS 13 Fair Value Measurement.(June 2013)
• Financial reporting under the new Companies Ordinance (May 2013)
• The IASB launched an agenda consultation regarding the strategic direction in developing new accounting standards and setting of priorities for its work programme. (April 2013)
• Convertible bonds valuation in financial reporting (April 2013)
• The Institute issued an exception to the consolidation requirements in HKFRS 10 Consolidated Financial Statements, which is applicable to a particular class of business that qualifies as an "investment entity."  (March 2013)
• In preparing financial statements for the year ending 31 December 2012, what new or revised HKFRSs must I consider? (January 2013)
• Impact of new HKFRSs on joint arrangement in China (January 2013)

Auditing

• First year experiences with revised auditor's reports (November 2017)
• A look at the first year implementation of the new auditor's report in Mainland China (September 2017)
• Audit partner-client relationship: How long is too long? (March 2017)
• The coming of KAMs (November 2016)
• New Auditor’s Report: Observations from the U.K. experience (September 2016)
• Provision of non-assurance services to audit clients (January 2016)
• New and revised HKSAs on auditor reporting and auditor's responsibilities relating to other information (December 2015)
• Auditing in China - yesterday, today and tomorrow (November 2015)
• Signing arrangements of an auditor's report (June 2015)
• New and revised Auditor Reporting Standards (May 2015)
• Updates on auditors' reporting with reference to predecessor Companies Ordinance (Cap.32) for financial statements for periods ended before 3 March 2014 and applicability of PN 600.1 and PN 900 (May 2014)
• AATB 4 Guidance on section 408 of the Companies Ordinance (April 2014)
• IAASB proposals for enhancing the auditor's report: Potential impact on audits of unlisted entities (October 2013)
• Key updates on auditing and assurance (September 2013)

Ethics

• Institute’s response to the IESBA exposure draft on definitions of listed entity and public interest entity in the code of ethics (June 2021)
• Professional judgment: What it is and how to handle it (May 2017)
• New ethical standard gives new meaning on acting in the public interest (January 2017)
• Are you acting in accordance with the Code of Ethics for Professional Accountants? (March 2016)
• Overview of IESBA consultation paper on Improving the Structure of the Code of Ethics for Professional Accountants (January 2015)
• Overview of IESBA exposure draft relating to long association of personnel with an audit or assurance client (October 2014)
• Overview of IESBA exposure draft relating to non-assurance services (July 2014)
• How to avoid practice promotion pitfalls (July 2014)
• Important updates affect obligations of professional accountants in business (July 2013)

Sustainability Reporting

2024

• What’s next for the ISSB work plan? (January 2024)