The HKICPA's HKFRS Handbook includes various standards. Hong Kong Accounting Standard 1 Presentation of Financial Statements (HKAS 1) outlines the general requirements for financial statement ...

THE International Accounting Standards Board (IASB) recently released the third edition of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). The ...

"The update to the IFRS for SMEs Accounting Standard will improve the information provided to users of SMEs' financial statements while maintaining the simplicity of the standard," IASB chair Andreas ...

Cost allocation methods include standard costing ... Amy Fredin. "Cost Accounting: With Integrated Data Analytics," John Wiley & Sons, 2022, Pages 1-9. R. Parino et al., "Fundamentals of Corporate ...

The changes are based on the global accounting standard setter International Accounting ... annual reporting periods beginning on or after 1 January 2025 but earlier application was allowed.