Hong Kong Financial Reporting Standards for SMEs, 2nd Edition (1 year online subscription + hardcopy)

This Hong Kong Financial Reporting Standards for SMEs 2nd Edition fully explains the recognition, measurement, presentation and disclosure at the key areas covered by the HKFRSs applicable for Private Entities and SMEs:

• Topics not relevant for non-listed companies and SMEs are excluded.
• Chapters are arranged based on individual HKFRS so that users can easily check and understand the subject matters involved.
• Flow charts, explanations and practical examples are included to assist users’ understanding where appropriate.
• Self-practice questions with solutions are included on the theory and practice of applying the financial reporting requirements.

This book also includes a specific Chapter on Small and Medium-sized Entity Financial Reporting Framework and Financial Reporting Standards (“SME-FRF and SME-FRS”). Each Chapter includes a section identifying the differences in financial reporting and disclosure requirements between HKFRS and SME-FRS. Designed with the needs of the accounting professionals in mind, this book is an essential desktop reference for accountants, financial professionals and SME practitioner.

Key Benefits (How will readers profit from reading this title)*

Hong Kong Financial Reporting Standards for SMEs 2nd Edition is an essential desktop reference for accounting professionals who are required to prepare the financial statements of private entities or SMEs. It also serves as a useful reference for auditors when analysing the financial statements of those entities.

This handy reference guide includes easy-to-follow HKFRSs flow charts, explanations, practical examples and templates of disclosures that greatly facilitate understanding of the practical implementation issues involved in applying these complex standards.