Financial reporting issues
Disclosure under HKAS 8 Accounting Policies Changes in Accounting Estimates Question A3 - Disclosure under HKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors For financial years th ...
財務報告的問題
Comparative info in financial statements for an entity 1st financial year 3-32014
Financial reporting issues
References to specific sections of the CO Question B1 – References to specific sections of the CO How should a company refer to the Companies Ordinance in its annual report for a financial year ending ...
Financial reporting issues
Disclosure under HKAS 10 Events after the Reporting Period Answer No. As the commencement of the new CO on 3 March 2014 and the transition to the no-par value regime have no immediate financial impact ...
Financial reporting issues
References to specific sections of the CO Answer No, the new CO and the financial reporting standards do not contain such requirement. This answer applies even if the date of approval of that annual r ...
CO-rewrite - non transitional QA
Meaning of wholly owned Question E1 – Meaning of "wholly owned" Section 379(3) exempts a holding company from preparing consolidated financial statements if it is a "wholly owned subsid ...
CO-rewrite - non transitional QA
Delivery of shareholders resolution or agreement on reporting exemption to the Companies Registrar Question D5 - Delivery of shareholders' resolution or agreement on reporting exemption to the Com ...
CO-rewrite - non transitional QA
Interaction between the eligibility for the reporting exemption Answer There is no clear link stated in the new CO between the requirements in section 379(3) (on the eligibility for not preparing cons ...
Part 9
Application of section 379 when the holding company was a wholly owned subsidiary Answer The requirement to prepare consolidated financial statements set out in section 379(2) applies to companies whi ...
Part 9
If the reporting entity is a wholly owned subsidiary of another body corporate Answer The requirement to prepare either company-level or consolidated financial statements is set out in section 379 of ...
Part 9
Consequences of the directors of a partially owned subsidiary of another body corporate missing the Answer Before 1 February 2019, if the directors miss the “six months before the year-end” deadline, ...
CO-rewrite - non transitional QA
Can a financial year be set to end on a specific day of the week rather than a specific date Answer Yes, this is now expressly provided for in the CO. Specifically, section 367 was amended by the 2018 ...
非過渡性安排的常見問題
Question A4 Contents of the directors report Section 129D 3 of the predecessor CO Cap 32
Part 9
Identifying the relevant accounting standards when a company that is not a holding company prepares Question 1.7: Identifying the relevant accounting standards when a company that is not a holding com ...
Part 9
Identifying the relevant accounting standards when a holding company prepares company Question 1.5: Identifying the relevant accounting standards when a holding company prepares company level financia ...
Part 9
Identifying the relevant accounting standards when a holding company prepares Question 1.6: Identifying the relevant accounting standards when a holding company prepares company level financial statem ...
Court-free amalgamation
Does the answer to question 3 also apply to a vertical amalgamation Does the answer to question 3 also apply to a vertical amalgamation? Answer In a vertical amalgamation, the answer depends on whethe ...
Court-free amalgamation
In a horizontal amalgamation the share capital of each of the amalgamating company or companies Answer Per section 678(2) of the CO Cap. 622, a cancellation of shares under Division 3 of Part 13 of th ...