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
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This note was uploaded on 02/24/2012 for the course ACT 407 taught by Professor Mshui during the Fall '11 term at The Open University.

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

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