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  • In view of the unforeseen circumstances, the Information Technology Interest Group’s visit to Cyberport scheduled on 15 November will be cancelled.
  • In light of the latest development of the situation in Hong Kong and closure of external workshop venues, all QP workshops held in Hong Kong on 16 and 17 November 2019 will be cancelled for the sake of safety.
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References on 2010 version of HKFRS for Private Entities

References issued by the Institute

  • Illustrative financial statements
    • Example Directors' Report,  Auditor's Report and  Illustrative Financial Statements for Private Entities prepared in accordance with the HKFRS for Private Entities (with Hong Kong Companies Ordinance disclosures)

 

 

  • Submission to SME Implementation gorup

 

Q&A Issue 1 (2011/01)

"Use of the IFRS for SMEs in parent’s separate financial statements"

 

Q&A Issue 2 (2011/02)
"Entities that typically have public accountability"

 

Q&A Issue 3 (2011/03)
"Interpretation of 'traded in a public market'"

Q&A Issue 4 (2011/04)
"Investment funds with only a few participants"

Q&A (General, Issue 1)  "Application of the IFRS for SMEs for financial periods ending before the IFRS for SMEs was issued"

Q&A (General, Issue 2)  "Interpretation of "undue cost or effort" and "impracticable""

Q&A (Section 3, Issue 1) "Jurisdiction requires fallback to full IFRSs"

Q&A (Section 3, Issue 2) "Departure from a principle in the IFRS for SMEs"

Q&A (Section 3, Issue 3) "Prescription of the format of financial statements by local regulation"

Q&A (Section 30, Issue 1) –  Recycling of cumulative exchange differences on disposal of a subsidiary

Q&A (Section 11, Issue 1) – Fallback of IFRS 9 Financial Instruments

 

References Issued By IASB

The World Bank has made available for viewing on their website a two-part webcast presentation by Paul Pacter (IASB Board Member and Director, Standards-SMEs) An Overview of the IFRS for SMEs. Each part is approximately one hour long. The presentation reviews the requirements in each of the 35 sections of the IFRS for SMEs and highlights differences with full IFRSs.

 

To view the webcast presentations:

 

  

 

Last updated: 4 October 2017 

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