HK GAAP

Room 602, 6/F., Taurus Building

21A/B Granville Road, Tsimshatsui, Hong Kong

Tel: (852)27399698 Fax: (852)27399313

Email: vc@vcpa.com.hk

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Summaries of Hong Kong Financial Reporting Standards (FRS) Preface and Framework Hong Kong Accounting Standards (HKAS) Hong Kong Financial Reporting Standards (HKFRS) English version only
	FREFACE AND FRAMEWORK
	Preface to Hong Kong Financial Reporting Standards
	Framework for the Preparation and Presentation of financial Statements

HKAS	HONG KONG ACCOUNTING STANDARDS
1	Presentation of financial statements
2	Inventories
7	Cash flow statements
8	Accounting policies, changes in accounting estimates and errors
10	Event after the balance sheet date
11	Constructions contracts
12	Income taxes
14	Segment reporting
16	Property, plant and equipment
17	Leases
18	Revenue
19	Employee benefits
20	Accounting for Government grants and disclosure of Government assistance
21	The effects of changes in foreign exchange rates
23	Borrowing costs
24	Related party disclosures
26	Accounting and reporting by retirement benefit plans
27	Consolidated and separate financial statements
28	Investments in associates
29	Financial reporting in hyperinflationary economies
30	Disclosures in the financial statements of banks and similar financial institutions
31	Investments in joint ventures
32	Financial instruments: Disclosure and presentation
33	Earnings per share
34	Interim financial reporting
36	Impairment of assets
37	Provisions, contingent liabilities and contingent assets
38	Intangible assets
39	Financial instruments: Recognition and measurement
40	Investment property
41	Agriculture

HKFRS	HONG KONG FINANCIAL REPORTING STANDARDS
1	First-time adoption of Hong Kong Financial Reporting Standards
2	Share-based payment
3	Business combinations
4	Insurance contracts
5	Non-current assets held for sale and discontinued operations

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K. Y. Chan & Co. is a registered firm of the Hong Kong Institute of Certified Public Accountants

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K. Y. CHAN & CO.

Room 602, 6/F., Taurus Building

21A/B Granville Road

Tsimshatsui

Hong Kong

Tel: (852)27399698

Tel: (852)27399313

Email: vc@vcpa.com.hk