查看完整版本 : From SME FRS to HKFRS

cpasowhat 2020-2-26 10:21 AM

From SME FRS to HKFRS

any c hing or c jie here has such an experience?  Any disclosures for the change?  I hv read the standards about first time adoption of HKFRS but not quite understood ..... hope someone here is able to advise, thanks.

awongyuk 2020-2-26 04:07 PM

一做做番三年....收貴好多喎:smile_04:

fb2d905c69ae04 2020-2-26 05:52 PM

[quote]原帖由 [i]awongyuk[/i] 於 2020-2-26 04:07 PM 發表 [url=https://www.discuss.com.hk/redirect.php?goto=findpost&pid=514916599&ptid=28893409][img]https://www.discuss.com.hk/images/common/back.gif[/img][/url]
一做做番三年....收貴好多喎:smile_04: [/quote]


因為係voluntary change in accounting policies?

awongyuk 2020-2-27 09:16 AM

[quote]原帖由 [i]fb2d905c69ae04[/i] 於 2020-2-26 05:52 PM 發表 [url=https://www.discuss.com.hk/redirect.php?goto=findpost&pid=514921450&ptid=28893409][img]https://www.discuss.com.hk/images/common/back.gif[/img][/url]



因為係voluntary change in accounting policies? [/quote]


:smile_41:要做cash flow statement,唔係要搞正番三年

fb2d905c69ae04 2020-2-27 12:19 PM

[quote]原帖由 [i]awongyuk[/i] 於 2020-2-27 09:16 AM 發表 [url=https://www.discuss.com.hk/redirect.php?goto=findpost&pid=514949152&ptid=28893409][img]https://www.discuss.com.hk/images/common/back.gif[/img][/url]



:smile_41:要做cash flow statement,唔係要搞正番三年 [/quote]


係嘅。根據HKFRS 1 para. 21,B/S要show3年。

cpasowhat 2020-2-27 04:35 PM

exactly .... revised fee quote agreed ..... almost double .... eheh

cpasowhat 2020-2-27 04:36 PM

good question ...... over the SME size test ..... over HK$200 million in total assets and total revenue so I guess no choice .....

cpasowhat 2020-2-27 04:38 PM

3 years' BS??? ... oh no .... what the xxxxxx .....

cpasowhat 2020-2-27 04:43 PM

I really really hate doing cash flow stmt ..... !!!!!!!!!!!!!!!!!!!!

fb2d905c69ae04 2020-2-27 08:59 PM

[quote]原帖由 [i]cpasowhat[/i] 於 2020-2-27 04:36 PM 發表 [url=https://www.discuss.com.hk/redirect.php?goto=findpost&pid=514971811&ptid=28893409][img]https://www.discuss.com.hk/images/common/back.gif[/img][/url]
good question ...... over the SME size test ..... over HK$200 million in total assets and total revenue so I guess no choice ..... [/quote]


You can choose HKFRS for Private Entities, which is equivalent to IFRS for SME.

cpasowhat 2020-3-12 11:58 AM

[quote]原帖由 [i]fb2d905c69ae04[/i] 於 2020-2-27 08:59 PM 發表 [url=https://www.discuss.com.hk/redirect.php?goto=findpost&pid=514982869&ptid=28893409][img]https://www.discuss.com.hk/images/common/back.gif[/img][/url]



You can choose HKFRS for Private Entities, which is equivalent to IFRS for SME. [/quote]
Just sharing - so only 2 years in a row fail the size test then 3rd year cannot use SME FRS

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查看完整版本: From SME FRS to HKFRS