WebJul 5, 2007 · contracts may be excluded from the scope of HKAS 39 • HKAS 39.2e states that: Financial guarantee “if an issuer of financial guarantee contracts – has previously asserted explicitly that it regards such contracts as insurance contracts and – has used accounting applicable to insurance contracts, • the issuer may elect to apply either ... Web(e) Going concern As at 31 December 2024, the Group’s current liabilities exceeded its current assets by RMB44,164,000. The Group had cash and cash equivalents of RMB255,238,000 as at 31 December 2024. Management has given careful consideration to the future liquidity and performance of the Group

HKSA 570 Going Concern - Hong Kong Institute of …

WebAn entity shall not prepare its financial statements on a going concern basis if management determines after the reporting date that either: (a) it intends to liquidate the entity or to cease trading; or (b) that it has no realistic alternative but to do so. Title: Updates and Summaries Template 2014-07 WebJan 6, 2024 · The pre-agenda research item on subsequent events is designed to: Evaluate the effectiveness of the existing guidance for identifying and reporting subsequent events; and. Consider the need for revisions to those standards. If the board determines that additional guidance is needed, it would consider developing revised standards for … je picole jul traduzione

Sample Financial Statements and Sample Audit Documents …

WebMar 16, 2024 · The going concern concept is a key assumption under generally … WebThe HKAS, which is based on the International Financial Reporting Standards, helps to ensure minimum disclosure levels for financial transactions. They are present to assist in recognizing, measuring, and presenting disclosure requirements for general-purpose financial statements. In conclusion, HKAS provides an overview of what constitutes a ... WebHKAS 1 stipulates that, when preparing an entity’s financial statements, the management … jepice doma