Accounting Cycle in Hong Kong

Accounting Cycle in Hong Kong

Your Guide to the Accounting Cycle in Hong Kong Before we dive into the nuts and bolts of the accounting cycle in Hong Kong, let us learn what an accounting cycle is and what processes come under it. Any company, whether small or large, must record and present its financial statements in a defined period.…

Bookkeeping and Accounting in Hong Kong

Bookkeeping and Accounting in Hong Kong

Bookkeeping and Accounting in Hong Kong: Key Differences Before we dive deep into the differences between bookkeeping and accounting in Hong Kong, let us understand what they are and why they are essential for every company. Bookkeeping and accounting are two of the most essential tasks for every business. They are also thought to be…

Accounting Risks During COVID-19 in Hong Kong

Accounting Risks During COVID-19 in Hong Kong

Understanding the Accounting Risks During COVID-19 in Hong Kong: Facts and Challenges Understanding the key accounting risks during COVID-19 can be a make-or-break for thousands of businesses. In this blog, we will learn about the major areas that accountants and companies must consider to successfully deal with these turbulent times. The coronavirus pandemic has become…

Implementation of IFRS 16 in Hong Kong

Implementation of IFRS 16 in Hong Kong

Your Guide to Understanding the Implementation of IFRS 16 in Hong Kong Before we dive into the implementation of IFRS 16 and its impact on companies operating in Hong Kong, let us understand the basics of this accounting standard. IFRS 16 (International Financial Reporting Standard 16) is the latest lease accounting standard developed by the…