Aim: This paper aims to develop and assess the understanding and application of the principles and mechanics of financial reporting.
Examination Format:
Question 1 Consolidated Financial Statements 25 Marks
Question 2 Single Company Financial Statements 25 Marks
Question 3 Statements of Cash Flows and/or Interpretation of Accounts 25 Marks
Question 4 Other Areas - Financial Reporting Standards 15 Marks
Question 5 Other Areas - Financial Reporting Standards 10 Marks
Reference Books or Readings
Author
|
Title
|
Publisher
|
Hui, W. F. and Ng, P. H. |
Accounting in Hong Kong: Regulatory Framework and Advanced Accounting Practice |
City University of Hong Kong Press |
Chow, L., Taylor, D. W. and Tsui, C. |
Advanced Financial Accounting in Hong Kong |
Longman |
HKICPA |
HKICPA Members’ Handbook: Foreword, Framework and Accounting Standards |
HKICPA |
Kaplan |
Paper F7 Financial Reporting (International) |
Kaplan |
BPP |
Paper F7 Financial Reporting International Stream |
BPP |
Course Outline:
Chapter |
Title |
HKAS/HKFRS |
1 |
| |
2 |
| |
3 |
| |
4 |
HKAS 18 | |
5 |
Accounting Policies, Changes in Accounting Estimates and Errors |
HKAS 8 |
6 |
HKAS 17 | |
7 |
HKAS 10 & 37 | |
8
9 |
HKAS 16 HKAS 40 | |
10 |
HKAS 38 | |
|
| |
11 |
HKAS 36 | |
12 |
HKAS 23 | |
13 |
Accounting for Government Grants and Disclosure of Government Assistance Answers |
HKAS 20 |
14 |
HKAS 24 | |
15 |
HKAS 2 & 11 | |
16 |
HKAS 32, 39, HKFRS 7 | |
17 |
HKAS 12 | |
18
19 |
Consolidated Statement of Financial Position |
HKAS 27 |
20 |
| |
21 |
HKAS 28 | |
22 |
HKAS 7 | |
23 |
Answers |
|
24 |
HKAS 33 |
Useful Link
Edited by: Harris Lui