Thomas TsangFor start up, they need seed funds to develop their new ideas into a successful business. The key is how much would you new idea worth. It is a believe in success and how much it believe you can grow to a sustainable size and provide a expected return to the seed funds inventor.
In contract revenue to recognise using input method, one of the key audit procedures is to ascertain the budgeted cost of the project contract is reasonable. We need to test the underlining assumptio
For change of accounting policy for PPE from cost model to revaluation model. It is not follow FRS 8 as exempted from prior year adjustment. The change will apply prospectively from the date of reva
When receivables classified from current to non-current, it needs to be measured at fair value upon reclassification. The different will be charged to profit and loss. It is because the receivables