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Associate Level – Financial Accounting
4 sections available · 32 chapters available
Free Associate Level – Financial Accounting study notes for HKICPA QP (Hong Kong CPA) students. Each chapter below covers a key topic with worked examples and practice prompts you can take into the thinka app.
Describe the Framework of Financial Accounting and Reporting
Historical development of the accountancy profession
The conceptual framework of financial reporting
Legal and reporting framework applicable to financial accounting in Hong Kong
Standard setting process and role of Hong Kong Financial Reporting Standards
Accounting guidelines, professional pronouncements and exposure drafts
SME Financial Reporting Framework and Financial Reporting Standard
HKFRS for Private Entities as a reporting option
Apply Appropriate Accounting Principles and Concepts to Account for Business Transactions
Accounting policies, changes in accounting estimates and errors
Revenue
Inventories
Property, plant and equipment
Intangible assets
Investment property
Financial assets, financial liabilities and equity instruments
Borrowing costs
Impairment of assets
Leases
Events after the reporting period
Provisions, contingent liabilities and contingent assets
Income taxes
The effects of changes in foreign exchange rates
Related party disclosures
Non-current assets held for sale and discontinued operations
Earnings per share (EPS)
Fair value measurement
Prepare and Present Financial Statements in Accordance with Hong Kong Financial Reporting Standards
Apply the Accounting Principles and Concepts to Prepare Financial Statements with Simple Group Structures
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