HKICPA Report Standards

HKICPA Standard Setting Department Staff Summary of Financial Reporting Standards

Hong Kong Accounting Standards (HKASs)
	HKAS 1 (Revised) Presentation of Financial Statements (March 2008)
	HKAS 27 (Revised) Consolidated and Separate Financial Statements (April 2008)
	Amendments to HKFRS 1 First-time Adoption of Hong Kong Financial Reporting Standards and HKAS 27 Consolidated and Separate Financial Statements - Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (November 2008)
	Amendments to HKAS 32 Financial Instruments: Presentation and HKAS 1 Presentation of Financial Statements - Puttable Financial Instruments and Obligations Arising on Liquidation (June 2008)
	Amendment to HKAS 39 Financial Instruments: Recognition and Measurement - Eligible Hedged Items (November 2008)

Hong Kong Financial Reporting Standards (HKFRSs)
	Amendments to HKFRS 1 First-time Adoption of Hong Kong Financial Reporting Standards – Additional Exemptions for First-time Adopters (August 2009)
	Amendments to HKFRS 2 Share-based Payment - Vesting Conditions and Cancellations (April 2008)
	Amendments to HKFRS 2 Share-based Payment – Group Cash-settled Share-based Payment Transactions (August 2009)
	HKFRS 3 (Revised) Business Combinations (April 2008)
	Amendments to HKFRS 7 Financial Instruments: Disclosures – Improving Disclosures about Financial Instruments (May 2009)

Improvements to HKFRSs
	Improvements to Hong Kong Financial Reporting Standards (November 2008)
	Improvements to Hong Kong Financial Reporting Standards 2009 (May 2009)

Hong Kong (IFRIC) Interpretations (HK(IFRIC)-Int)
	HK(IFRIC) Interpretation 15 Agreements for the Construction of Real Estate (August 2008)
	HK(IFRIC) Interpretation 16 Hedges of a Net Investment in a Foreign Operation (August 2008)
	HK(IFRIC) Interpretation 17 Distributions of Non-cash Assets to Owners (January 2009)
	HK(IFRIC) Interpretation 18 Transfers of Assets from Customers (May 2009)
	Amendments to HK(IFRIC) Interpretation 9 Reassessment of Embedded Derivatives and HKAS 39 Financial Instruments: Recognition and Measurement – Embedded Derivatives (May 2009)

HKFRS Update
	List of new and amended Standards and Interpretations issued that are applicable to December 2008 year-end, December 2009 year-end and after