Adapting to Business Models Innovation The possibilities of business models innovation are boundless, especially in this generation where technology is growing rapidly. Organizations should take advantage of the current technological growth to change their ways of doing things and unlock great value. Understanding new business models are emerging faster than ever before, back in 2012,…
3E Accounting Clinches 6 Awards at ACQ5 Global Awards 2020 ACQ5 is a leading corporate magazine news site, read exclusively by influential senior executives in the industry. Since the launch of ACQ5 Awards in 2005, the awards stood out as a first in the global legal and financial publishing industry. Despite stringent criteria of the…
Basic Accounting Principles You Need to Know Before diving into the concepts of basic accounting principles, let us understand accounting principles in general and why they are important. Accounting principles refer to a set of rules that a company must follow while reporting its accounts and financial information. There are multiple accounting principle frameworks which…
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: 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…
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…
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…
3E Accounting Is Asia-Pacific’s First Robotics Accounting Firm – Morningstar Hong Kong 3E Accounting has been featured on Morningstar Hong Kong as the pioneer robotics accounting firm to apply robotics technology, disrupting the current Accounting and Professional Services industry in Asia-Pacific. The positive exposure from Morningstar Hong Kong attest to newsworthy impact of the achievement…
ETNet Recognises 3E Accounting as Asia-Pacific First Robotics Accounting Firm 3E Accounting has been featured on ETNet as the leading robotics accounting firm to deploy cutting-edge robotics technology in the Asia-Pacific region. This is an outstanding achievement for 3E Accounting’s newest outpost in Hong Kong which opened only 6 months ago in July 2020. The…
Financial Services Industry Gets Government Aid Amid Pandemic The Hong Kong government is allocating a $180-million budget to generate 1,500 new jobs for the financial services industry amid the high unemployment due to the coronavirus pandemic. The Secretary for Financial Services and the Treasury said that the financing was under the government’s anti-epidemic fund. The…