B407 Week 13 Tutorial worksheet

B407 Week 13 Tutorial worksheet - B407F Week 13 Tutorial...

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B407F Week 13 Tutorial worksheet – Overview of the framework of accounting and interim reporting Question 3 (a) HKAS 34 Interim Financial Reporting requires that an interim financial report should include interim financial statements (complete or condensed) for periods as follows: a statement of financial position as of the end of the current interim period and a comparative statement of financial position as of the end of the immediately preceding financial year ; a statement of comprehensive income for the current interim period and cumulatively for the current financial year to date, with a comparative statement for the comparable interim periods (current and year-to-date) of the immediately preceding financial year ; a statement of changes in equity cumulatively for the current financial year to date, with a comparative statement for the comparable year-to-date period of the immediately preceding financial year; and a statement of cash flows cumulatively for the current financial year to date, with a comparative statement for the comparable year-to-date period of the immediately preceding financial year; Selected explanatory notes. (b) HKAS 34 Interim Financial Reporting provides that revenues that are received seasonally, cyclically, or occasionally within a financial year should not be anticipated or deferred as of an interim date if anticipation or deferral would not be appropriate at the end of the entity's financial year. Wonderful Land Holdings
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B407 Week 13 Tutorial worksheet - B407F Week 13 Tutorial...

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