hkas 39 vs hkfrs 9

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should be improved quickly, the project to replace HKAS 39 is divided into three main phases. As each phase is completed, the relevant portions of HKAS 39 will be deleted and chapters in HKFRS 9 will be created to replace the requirements in HKAS 39.

Technical Resources This webpage contains pronouncements, guides and articles that are relevant to HKFRS 9 Financial Instruments. Effective Date Financial periods beginning on or after 1 January 2018. Affected standards Supersedes HKAS 39 Financial

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FINANCIAL INSTRUMENTS (HEDGE ACCOUNTING AND AMENDMENTS TO HKFRS 9, HKFRS 7 and HKAS 39) CHAPTERS 4 CLASSIFICATION1 4.2.2 5 MEASUREMENT1 5.2.1 6 HEDGE ACCOUNTING 6.1.1 7 EFFECTIVE DATE AND APPENDICES

Why It Matters – Financial Assets

Reasons for issuing HKFRS 9 IN1 HKFRS 9 Financial Instruments sets out the requirements for recognising and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial items. This Standard replaces HKAS 39 .

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HKFRS 9 and HKAS 39 on Financial Instruments Programme Code: S111027S Financial Instruments standard, HKAS 39 is often viewed as one of the most complicated standards. HKFRS 9, issued in November 2009 and further modified in November 2010, was

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The HKICPA decided to replace HKAS 39 Financial Instruments: Recognition and Measurement over a period of time. The first instalment, dealing with classification and measurement of financial assets, was issued as HKFRS 9 in November The requirements

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1 January 2018. HKFRS 9 supersedes HKAS 39 Financial Instruments: Recogni – tion and Measurement on its effective date. An outline of HKFRS 9’s new impairment model HKAS 39 contained many different impairment models associated with the

HKFRS 9 brings together the classification and measurement,impairment and hedge accounting phases of the IASB’s project to replace HKAS 39 Financial Instruments: Recognition and Measurement. HKFRS 9 is built on a logical, single classification and measurement approach for financial assets that reflects the business model in which they are managed and their cash flow characteristics.

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HKFRS 9 “Financial Instruments” is the first of a three-phase project to replace HKAS 39 “Financial Instruments: Recognition and Measurement” on classification and measurement of financial instruments. Guidance on impairment methodology and

HKFRS/IFRS 9 Financial instruments (hedge accounting and amendments to HKFRS/IFRS 9, HKFRS/IFRS 7 and HKAS/IAS 39) 2014/01 HKFRSs/IFRSs (including HK(IFRIC) Interpretations/IFRICs) and amendments that are mandatory for the first time for 31

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value) to the entire hybrid contract. HKAS 39 continues to apply for a hybrid contract with a host that is not within the scope of HKFRS 9 (that is, an entity shall apply the requirements in paragraphs 11 – 13 and AG27 – AG33B of HKAS 39 to determine

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1 Hong Kong Financial Reporting Standards: HKAS 39 “Financial Instruments: Recognition and Measurement” (Relevant to PBE Paper I – Financial Reporting) Lindy W W Yau, ACA, FCCA, FAIA, FCPA and Morris Y M Kwok, MPA, ACMA, CPA HKAS 39 provides

28/6/2014 · 我想問下 HKFRS 9 同 HKAS 39 的主要分別? 除 FA 有分別外, 其他也保留 HKAS 39 的做法嗎? (eg: Impairment?) cheers~ 其實有幾多版友真係會透過 MRA 入 ICAEW? Second tier vs commercial 四捨唔入,每筆記錄做定最後出個大數先做? 請會計整好左份

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HKFRS 9 (2014) Financial Instruments HKICPA Standard Setting Department Staff Summary (September 2014) replaces earlier versions of HKFRS 9 and completes the project to replace HKAS 39. 2 Main features of HKFRS 9 (2014) 7. HKFRS 9 (2014

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2 HKAS 32, HKAS 39 and HKFRS 7 HKAS 32 ⇒Disclosure and presentation HKAS 39 ⇒Recognition and measurement • The most interesting standards • The most lengthiest standards • The most complex standards • Cover some unusual or more complex

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我們為何提早採納HKFRS 9 ?HKAS 39所規定的對沖會計法既 複雜且規則化,導致實體的風險 管理活動不符合對沖會計的資 格。以HKFRS 9取代HKAS 39,目 的是要將實體進行風險管理活動 的影響反映在其

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1 SHINEWING (HK) CPA Limited – Newsletter December 2013 HKFRS 9 Financial Instruments Hedge Accounting and Amendments to HKFRS 9, HKFRS 7 and HKAS 39 December Newsletter – Issue No. 07/2013 MAIN FEATURES A substantial overhaul of

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HKICPA seminar: HKFRS 9 Expected Credit Losses Program Code: SCPD17011601 HKFRS 9 (2014) Financial instruments will be mandatorily effective for the accounting period beginning on or after 1 January 2018 and will replace HKAS 39 . It

Staff Summary of HKFRS Preface and Framework Conceptual Framework for Financial Reporting Hong Kong Accounting Standards (HKASs) HKAS 1 (Revised) Presentation of Financial Statements Amendments to HKAS 1 (Revised) Presentation of Financial

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1 SHINEWING (HK) CPA Limited – Newsletter December 2013 HKFRS 9 Financial Instruments Hedge Accounting and Amendments to HKFRS 9, HKFRS 7 and HKAS 39 December Newsletter – Issue No. 07/2013 MAIN FEATURES A substantial overhaul of

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HKFRS 9 Financial Instruments (2014) Newsletter – Issue No. 11/2014 MAIN FEATURES Hong Kong Financial Reporting Standard (“HKFRS”) 9 (2014) incorporates the contents of previously issued piecemeal HKFRS 9 issued in 2009, 2010 and

8/8/2019 · 你個heading唔arm wor, hksa39 仲未死得曬, 只係financial assets 去左hkfrs9 0個邊, 印象中htm, afs 好似仲用得, 但係佢一轉我就改左睇hkfrs9~ 唔怪得有d老師教hkas 32,skip左唔提hkas 39,直講hkfrs 9。上年我仲死讀d hkas 39 classification!變得咁快!

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2 HKAS 32, HKAS 39 and HKFRS 7 HKAS 32 ⇒Disclosure and presentation HKAS 39 ⇒Recognition and measurement • The most interesting standards • The most lengthiest standards • The most complex standards • Cover some unusual or more complex

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Other than those s pecific items excluded from HKAS Example 32 and 39 and HKFRS 7, consider the following: 1. Tony buys a 6-month future contract in oil with a bank over the counter and Tony uses it to hedge with the oil that it would buy in 6 months for his

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(HKAS 39 para. 9) A regular way purchase or sale of financial assets shall be recognised and derecognised, as applicable, using trade date accounting or settlement date accounting. (HKAS 39 para. 38) April 2005 Page 3 of 19 3.2 Derecognition of a

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HKFRS 9 Financial Instruments became effective on 1 January 2018 and replaced HKAS 39 Financial Instruments: Recognition and Measurement. The standard introduces a new approach to classification and measurement of financial assets based on the entity’s

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4 Scope – Excluded from IAS 32 and 39 IAS 39 Interests in subsidiaries, associates and joint ventures accounted for under IAS 27, 28 and 31 U Ri h d bli i d l hi h IAS 1 li IAS 32 U IFRS 7 Rights and obligations under leases to which IAS 17 applies except for

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accounting. To achieve hedge accounting under both IAS/HKAS 39 and IFRS/HKFRS 9, an entity is required to formally designate and document the hedging relationship. A critical component is the linkage to their risk management strategy, which may be

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HKFRS 9 requires retrospective application. The Amendments may constitute a change in practice for some entities. Therefore, if entities apply a different accounting treatment for modifications of financial liabilities under HKAS 39, they are required to apply the

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A key change brought about by HKFRS 9 is the ability to hedge a risk component of a non-financial item. Unlike HKAS 39, the hedge accounting model in HKFRS 9 allows greater flexibility which aligns the treatment of financial and non-financial items to also

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• HKFRS 9 Financial Instruments (including Hedge Accounting and amendments to HKFRS 9, HKFRS 7 and HKAS 39) issued in Dec. 2013 • Annual Improvements 2010-2012 Cycle • Annual Improvements 2011-2013 Cycle • HKFRS 14 Regulatory Deferral

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it is measured at fair value through pro˜t or loss (“FVTPL”) applying HKFRS 9 but would not have been measured at FVTPL in its entirety applying HKAS 39; and it is not held in respect of an activity that is unconnected with contracts within the scope of HKFRS 4.

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ACCOUNTING MINI-SERIES HKFRS 9 – New Hedge Accounting Model I n the 2008 Annual Report, our accounting mini-series talked about hedging and how CLP used derivatives to hedge its foreign currency, interest rate and energy price risks. Accounting for

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of HKFRS/IFRS 9. Therefore, for financial liabilities designated a FVTPL, entities can continue to apply HKAS/ IAS 39 but follow the presentation requirement in HKFRS/ IFRS 9 and present the changes in ‘own credit’ in OCI . This amendment is expected to

20/3/2018 · HKAS 39 既 PARAGRAPH 9 (P.15) Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturity that an entity has the positive intention and ability to hold to maturity (see Appendix A paragraphs AG16

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Valuation for Financial Instruments under HKFRS 9 Effective for annual periods beginning on or after 1 January 2018, a new standard on financial instruments accounting – HKFRS 9 “Financial Instruments” will be adopted to replace HKAS 39 “Financial Instruments

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i Introduction This publication presents illustrative consolidated financial statements for a fictitious listed company, VALUE HKFRS Limited. The financial statements comply with Hong Kong Financial Reporting Standards (HKFRS) as issued at 30 September 2018

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HKFRS 9 (2014) addresses the classification, measurement and recognition of financial assets and financial liabilities. The final version of HKFRS 9 (2014) was issued in September 2014. It replaces the guidance in HKAS 39 “Financial

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As mentioned in the first part, HKFRS 9 “Financial Instruments” is divided into three main phases to replace HKAS 39 “Financial Instruments: Recognition and Measurement”. The section “derecognition of financial assets” in HKAS 39 has been replaced in