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In this newsletter, we look at the following topics:
Proposals for revenue recognition, exposure draft on income tax and the future of lease accounting
The International Accounting Standards Board has been working hard to keep pace with what it promised to deliver in its work plan. In the last few months, it has issued a number of exposure drafts and discussion papers on topics that significantly changes the way how things are accounted for under current standards. In this month's HKFRS news, you will find the background and an outline of the key issues of the discussion papers on revenue recognition and lease accounting as well as on the exposure draft on income taxes.
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Read more by downloading our HKFRS News - May 2009 (pdf file, 73KB) for your reference.
Note: HKFRS has converged with IFRS effective from 1 January 2005. Contents contained in this newsletter are relevant to both HKFRS preparers and IFRS preparers.
Other Issues of HKFRS News
Accounting and Listing Rules Updates
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