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In this newsletter, we look at the following topic:
HKFRS 7 Financial Instruments: Disclosures - Frequently asked questions (Part II)
These frequently asked questions ("FAQs") relate to the application of HKFRS 7 Financial Instruments: Disclosures. These follow on from the first set of HKFRS 7 FAQs published in the HKFRS News of November 2006 and highlight:
- the scope of HKFRS 7;
- fair value disclosures;
- defaults and breaches;
- hedge accounting disclosures; and
- some risk disclosures such as credit risk, liquidity risk and market risk.
HKFRS 7 is applicable for annual periods beginning on or after 1 January 2007.
Get Your Copy Here
Read more by downloading our HKFRS News - Feb 2008 (pdf file, 114KB) for your reference.
Note: HKFRS has converged with IFRS effective from 1 January 2005. Contents contained in this newsletter are relevant to both HKFRS preparers and IFRS preparers. Other Issues of HKFRS News
Accounting and Listing Rules Updates | 