China Master GAAP Guide (12th Edition) (e-Book)

1        Introduction

2        Basic Standard

3        ASBE 1 Inventories

4        ASBE 2 Long-Term Equity Investments

5        ASBE 3 Investment Property

6        ASBE 4 Fixed Assets

7        ASBE 5 Biological Assets

8        ASBE 6 Intangible Assets

9        ASBE 7 Exchange of Non-Monetary Assets

10     ASBE 8 Impairment of Assets

11     ASBE 9 Employee Benefits

12     ASBE 10 Enterprise Annuity Fund

13     ASBE 11 Share-based Payment

14     ASBE 12 Debt Restructuring

15     ASBE 13 Contingencies

16     ASBE 14 Revenue

17     ASBE 15 Construction Contracts

18     ASBE 16 Government Grants

19     ASBE 17 Borrowing Costs

20     ASBE 18 Income Taxes

21     ASBE 19 Foreign Currency Translation

22     ASBE 20 Business Combinations

23     ASBE 21 Leases

24     ASBE 22 Recognition and Measurement of Financial Instruments

25     ASBE 23 Transfer of Financial Assets

26     ASBE 24 Hedge Accounting

27     ASBE 25 Direct Insurance Contracts

28     ASBE 26 Reinsurance Contracts

29     ASBE 27 Extraction of Petroleum and Natural Gas

30     ASBE 28 Changes in Accounting Policies and Estimates, and Correction of Errors

31     ASBE 29 Events after the Balance Sheet Date

32     ASBE 30 Presentation of Financial Statements

33     ASBE 31 Cash Flow Statements

34     ASBE 32 Interim Financial Reporting

35     ASBE 33 Consolidated Financial Statements

36     ASBE 34 Earnings per Share

37     ASBE 35 Segment Reporting

38     ASBE 36 Related Party Disclosures

39     ASBE 37 Presentation of Financial Instruments

40     ASBE 38 First-Time Adoption of Accounting Standards for Business Enterprises

41     ASBE 39 Fair Value Measurement

42     ASBE 40 Joint Arrangements

43     ASBE 41 Disclosure of Interests in other Entities

44     ASBE 42 Non-current Assets and Disposal Groups Held for Sale and Discontinued Operations

45     Accounting Standards for Small-Sized Enterprises

Patrick P. H. Ng (M. Phil., BA (Hons), FCPA, FCCA, HON. H.K.A.T.) is a Lecturer of the Department of Business at the Hong Kong Institute of Vocational Education (Chai Wan). Previously, he was a Lecturer of the Department of Accountancy, City University of Hong Kong.

Mr Ng received a Bachelor of Arts Degree with First Class Honours (in Accounting, Finance & Economics) from the University of Essex and a Master of Philosophy (n Finance) from King’s College of the University of Cambridge. He is a Fellow of the Hong Kong Institute of Certified Public Accountants (HKICPA), a Fellow of the Association of Chartered Certified Accountants (ACCA), and an Honorary Hong Kong Accounting Technician. Mr Ng served as a board member of the Hong Kong Institute of Accredited Accounting Technicians (HKIAAT) from 1999 to 2003, editor of the Members’ Journal of ACCA (Hong Kong) from 1997 to 2005, 2007 to 2009, and chief editor of Accounting Personnel, the Journal of HKIAAT, from 1996 to 2006.

Mr Ng is an accomplished and well-respected writer in the field of accounting and financial reporting. He is the author/co-author of thirteenth accounting textbooks entitled, HKIAAT’s PBE Paper 1 Financial Accounting, Advanced Accounting, Financial Accounting for Hong Kong, New Senior Secondary BAFS Frank Woods’ Accounting Module Exam Practice 1, Introduction to Financial Accounting in Hong Kong, Basic Cost Accounting in Hong Kong, Financial Accounting, HKAL Principles of Accounts (Volumes 1 and 2), HKIAAT’s ATE Paper 1 Financial Accounting, HKIAAT’s ATE Paper 7 Financial Accounting, Examination Guide to ACCA Paper 13 (H) Financial Reporting Environment (Hong Kong), Corporate Accounting – Business Combinations in Hong Kong and Accounting in Hong Kong Regulatory Framework and Advanced Accounting Practice.

Mr Ng has published in total more than 65 articles on financial reporting and audit assurance disciplines, in international refereed journals, professional journals and refereed conference proceedings. He taught the Professional Stage of ACCA Examination Courses on Financial Reporting and Advanced Corporate Reporting Papers with the City University of Hong Kong for more than 11 years.

Mr Ng lent his many years of practical experience in accounting and auditing disciplines and substantial teaching and research experience to Wolters Kluwer’s loose-leaf publication ‘‘Hong Kong Master GAAP — A Practical Guide to Accounting Standards’’ in 1999. It was then published as a bound book and re-titled ‘‘Hong Kong Master GAAP Guide — A Master Guide to Financial Reporting Standards’’ which goes into the 16th Edition in 2021.

With Chinese Accounting Standards converging towards International Financial Reporting Standards (IFRS), Mr Ng has extended his international knowledge of Financial Reporting Standards to ‘‘China Master GAAP Guide” which was launched in 2004 and goes into the 12th Edition in 2023.

Mr Ng is also the Editor for “Hong Kong Financial Reporting Standards for SMEs (2022) Edition” which provides guidance on the application of financial reporting requirements applicable to non-listed companies and small and medium-sized entities.