Financial Reporting in Hong Kong

31 December accordance with HKAS accounting policy adjustment amortised cost apply assessment asset or liability assets and liabilities balance sheet date basis business combination carrying amount cash flow hedge cent change in fair Chinese Accounting Standards date of transition deferred tax asset depreciation derecognition determined disclosure dividend effective interest rate embedded derivative entity entity's equity instruments estimate example fair value financial assets financial instruments financial liability financial statements first-time adopter forward contract functional currency goodwill hedge accounting hedge relationship hedged item hedging instrument HIBOR HKAS 12 HKAS 39 HKFRS HKICPA Hong Kong host contract IFRIC impairment loss income statement initial recognition intangible asset interest rate swap investment property issued issuer lease loan measured option payments period plant and equipment previous GAAP profit or loss purchase put option recognised in profit recoverable amount revaluation shares subsidiary taxable temporary difference transfer transferor transition to HKFRSS