• Thomas Tsang

Restructuring of companies under common control

In group restructuring under common control, the investments costs usually by way of new issue of shares in consideration for the issued share capital of the subsidiary. This is to avoid gain or loss resulted from restructuring.

7 views0 comments

Recent Posts

See All

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