Financial Analysis in Hong Kong: Qualitative Examination of Financial Statements (2nd edition) for CEOs and Board Members

Appendix II. List of Financial Reporting Standards in Hong Kong

Appendix II List of Financial Reporting Standards in Hong Kong (Updated to March 2013) Preface and Framework PREFACE Preface to Hong Kong Financial Reporting Standards FRAMEWORK Conceptual Framework for Financial Reporting 2010 Hong Kong Accounting Standards (HKAS) HKAS 1 (Revised) Presentation of Financial Statements HKAS 2 Inventories HKAS 7 Statement of Cash Flows HKAS 8 Accounting Policies, Changes in Accounting Estimates and Errors HKAS 10 Events after the Reporting Period HKAS 11 Construction Contracts HKAS 12 Income Taxes HKAS 16 Property, Plant and Equipment HKAS 17 Leases HKAS 18 Revenue HKAS 19 Employee Benefits HKAS 19 (2011) Employee Benefits HKAS 20 Accounting for Government Grants and Disclosure of Government Assistance HKAS 21 The Effects of Changes in Foreign Exchange Rates HKAS 23 (Revised) Borrowing Costs HKAS 24 (Revised) Related Party Disclosures HKAS 26 Accounting and Reporting by Retirement Benefit Plans HKAS 27 (Revised) Consolidated and Separate Financial Statements HKAS 27 (2011) Separate Financial Statements HKAS 28 Investments in Associates HKAS 28 (2011) Investments in Associates and Joint Ventures HKAS 29 Financial Reporting in Hyperinflationary Economies HKAS 31 Interests in Joint Ventures HKAS 32 Financial Instruments: Presentation HKAS 33 Earnings Per Share HKAS 34 Interim Financial Reporting HKAS 36 Impairment of Assets HKAS 37 Provisions, Contingent Liabilities and Contingent Assets HKAS 38 Intangible Assets HKAS 39 Financial Instruments: Recognition and Measurement HKAS 40 Investment Property HKAS 41 Agriculture 208 Appendix II Hong Kong Financial Reporting standards (HKFRS) HKFRS 1 (Revised) First-time Adoption of Hong Kong Financial Reporting Standards HKFRS 2 Share-based Payment HKFRS 3 (Revised) Business Combinations HKFRS 4 Insurance Contracts HKFRS 5 Non-Current Assets Held for Sale and Discontinued Operations HKFRS 6 Exploration for and Evaluation of Mineral Resources HKFRS 7 Financial Instruments: Disclosures HKFRS 8 Operating Segments HKFRS 9 Financial Instruments HKFRS 10 Consolidated Financial Statements HKFRS 11 Joint Arrangements HKFRS 12 Disclosure of Interests in Other Entities HKFRS 13 Fair Value Measurement Hong Kong (IFRIC) Interpretations (HK[IFRIC]-Int) HK(IFRIC)-Int 1 Changes in Existing Decommissioning, Restoration and Similar Liabilities HK(IFRIC)-Int 2 Members’ Shares in Co-operative Entities and Similar Instruments HK(IFRIC)-Int 4 Determining whether an Arrangement contains a Lease HK(IFRIC)-Int 5 Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds HK(IFRIC)-Int 6 Liabilities arising from Participating in a Specific Market—Waste Electrical and Electronic Equipment HK(IFRIC)-Int 7 Applying the Restatement Approach under HKAS 29 Financial Reporting in Hyperinflationary Economies HK(IFRIC)-Int 8 Scope of HKFRS 2 HK(IFRIC)-Int 9 Reassessment of Embedded Derivatives HK(IFRIC)-Int 10 Interim Financial Reporting and Impairment HK(IFRIC)-Int 11 HKFRS 2—Group and Treasury Share Transactions HK(IFRIC)-Int 12 Service Concession Arrangements HK(IFRIC)-Int 13 Customer Loyalty Programmes HK(IFRIC)-Int 14 HKAS 19—The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction HK(IFRIC)-Int 15 Agreements for the Construction of Real Estate HK(IFRIC)-Int 16 Hedges of a Net Investment in a Foreign Operation HK(IFRIC)-Int 17 Distributions of Non-cash Assets to Owners HK(IFRIC)-Int 18 Transfers of Assets from Customers HK(IFRIC)-Int 19 Extinguishing Financial Liabilities with Equity Instruments HK(IFRIC)-Int 20 Stripping Costs in the Production Phase of a Surface Mine Hong Kong Interpretations (HK-Int)* HK-Int 4 Leases—Determination of the Length of Lease Term in respect of Hong Kong Land Leases HK-Int 5 Presentation of Financial Statements – Classification by the Borrower of a Term Loan that Contains a Repayment on Demand Clause * With effect from 24 May 2005,all Interpretations that are developed locally by the Institute are named Hong Kong Interpretations. Appendix II 209 Hong Kong (SIC) Interpretations (HK[SIC]-Int) HK(SIC)-Int 10 Government Assistance—No Specific Relation to Operating Activities HK(SIC)-Int 12 Consolidation—Special Purpose Entities HK(SIC)-Int 13 Jointly Controlled Entities—Non-Monetary Contributions by Venturers HK(SIC)-Int 15 Operating Leases—Incentives HK(SIC)-Int 25 Income taxes—Changes in the Tax Status of an Enterprise or its Shareholders HK(SIC)-Int 27 Evaluating the Substance of Transactions Involving the Legal Form of a Lease HK(SIC)-Int 29 Service Concession Arrangements: Disclosures HK(SIC)-Int 31 Revenue—Barter Transactions Involving Advertising Services HK(SIC)-Int 32 Intangible Assets—Web Site Costs GLOSSARY Glossary of Terms Relating to Hong Kong Financial Reporting Standards HKFRS-PE HKFRS for Private Entities SME-FRF...