Technical Q&A, APlus


Technical Q&A, APlus

 SME Financial Reporting Framework and Standard
  Qualifying entities with an overseas parent company (SME-FRF & SME-FRS)
  Qualifying entities for SME-FRF (SME-FRF & SME-FRS)
  
 Financial Reporting Standards
  New financial reporting standards to consider for preparing annual report for the year ended 31 December 2007 (HKFRS)
  New financial reporting standards to consider for preparing annual report for the year ended 31 December 2008 (HKFRS)
  Accounting treatment for non-monetary donations (Framework)
  First-time adoption of HKFRSs from SME-FRS (HKFRS 1)
  Guidance on implementing HKFRS 2 (HKFRS 2)
  Share options that are forfeited or lapse after the end of the vesting period (HKFRS 2)
  Scope of HKFRS 3 (HKFRS 3)
  Change of accounting policy from acquisition accounting to merger accounting (HKFRS 3/AG 5)
  New titles of financial statements (HKAS 1 (Revised))
  Enactment or substantive enactment of tax rates (HKAS 12)
  Deferred tax for a change in fair value on available-for-sale financial assets (HKAS 12)
  Utilization of revaluation surplus (HKAS 16)
  Calculation of relevant statutory entitlements under employment (amendment) ordinance (HKAS 19)
  Recognition of revenue arising from sale and repurchase agreement on an asset other than a financial asset (HKAS 18)
  Functional currency (HKAS 21)
  Identification of relatd party relationships for two parties subject to significant influence form the same source (HKAS 24)
  Application of "available for use" in paragraph 10 (HKAS 27)
  Definition of control in the preparation of consolidated financial statements (HKAS 27)
  Preparation of financial statements using equity method of accounting (HKAS 28)
  Classification of the liability and equity of a compound financial instrument (HKAS 32)
  Separation of convertible instruments (HKAS 32)
  Identifying an asset that may be impaired (HKAS 36)
  Determination of useful lives of intangible assets (HKAS 38)
  Fair value considerations (HKAS 39)
  Intra-group financial guarantees (HKAS 39)
  Early repayment clause as an embedded derivative (HKAS 39)
  Initial measurement of financial assets and financial liabilities: Transaction costs (HKAS 39)
  Derecognition of financial assets (HKAS 39)
  Separation of land and building components of investment property (HKAS 40)