ACCA Paper P2 (HKG) Corporate Reporting- Presentation of Financial Statements -HKAS 1 31 August 2012 - PowerPoint PPT Presentation

Loading...

PPT – ACCA Paper P2 (HKG) Corporate Reporting- Presentation of Financial Statements -HKAS 1 31 August 2012 PowerPoint presentation | free to download - id: 6c9ae8-ZmVlZ



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

ACCA Paper P2 (HKG) Corporate Reporting- Presentation of Financial Statements -HKAS 1 31 August 2012

Description:

ACCA Paper P2 (HKG) Corporate Reporting-Presentation of Financial Statements -HKAS 1 31 August 2012 Gary Leung www.garyleung.hk * ACCA P2- Dec 2012 – PowerPoint PPT presentation

Number of Views:26
Avg rating:3.0/5.0
Slides: 7
Provided by: GaryL162
Learn more at: http://www.garyleung.hk
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: ACCA Paper P2 (HKG) Corporate Reporting- Presentation of Financial Statements -HKAS 1 31 August 2012


1
ACCA Paper P2 (HKG) Corporate Reporting-Presentat
ion of Financial Statements -HKAS 1 31 August
2012
  • Gary Leung
  • www.garyleung.hk

2
Contents
  • Introduction
  • Amendments
  • Formats

3
Introduction
  • In June 2011, the HKICPA published amendments to
    HKAS 1 Presentation of Financial Statements.
  • Improve and align disclosure of OCI under HKFRSs
    and US GAAP

4
Statement of profit or loss and OCI
  • All items of income and expense recognised in a
    period must be presented either
  • in a single statement or
  • in two statements
  • a statement displaying components of profit or
    loss (separate income statement) and
  • a second statement beginning with profit or loss
    and displaying components of other comprehensive
    income.

5
Formats
Two Statements One Statement
Statement of Profit and Loss Statement of Profit or Loss and OCI
OCI profit for the year Statement of Profit or Loss and OCI
Statement of Changes in Equity Statement of Changes in Equity
6
Other Comprehensive Income
  • Present Other Comprehensive Income (OCI) into
    two groups-
  • Not reclassified subsequently to profit and loss
  • Reclassified when specific conditions met.
  • Change title of statement of comprehensive
    income to statement of profit or loss and OCI
    but allowed to use other title.
About PowerShow.com