Summaries of Hong Kong Financial Reporting Standards (FRS)

Preface and Framework
Hong Kong Accounting Standards (HKAS)
Hong Kong Financial Reporting Standards (HKFRS)

	PREFACE 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	Statements of Cash Flows
8	Accounting policies, changes in accounting estimates and errors
10	Event after the balance sheet date
11	Constructions contracts
12	Income taxes
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
31	Investments in joint ventures
32	Financial instruments: 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
6	Exploration for and Evaluation of Mineral Resources
7	Financial Instruments: Disclosures
8	Operating Segments
9	Financial Instruments
10	Consolidated Financial Statements
11	Joint Arrangements
12	Disclosure of Interests in Other Entities
13	Fair Value Measurement
14	Regulatory Deferred Accounts
15	Revenue from Contracts with Customers
16	Leases

Smart Truth Corporate Services Limited

K. Y. CHAN & CO.
Hong Kong CPA
Rm 1002, 10/F., Golden Gate Commercial Building,
136-138 Austin Road, Tsimshatsui, Kowloon
Hong Kong

Tel: (852)27399698
Fax: (852)27399313
Email: vc@vcpa.com.hk