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Financial Reporting IFRS HKFRS

VALTECH is ready to assist HKFRS 9

Categories: Financial Reporting IFRS HKFRS, Valuation Data Analytics|Tags: , , |

Requirements under the new HKFRS 9 on Expected Credit Loss: Most Financial Instruments are subject to Expected Credit Loss Assessments under HKFRS 9. ECL typically covers trade receivable, contract assets, loan and other receivables .A Simplified Approach for trade receivable based on a Provision Matrix of Lifetime ECL. A 3-Stage General Approach for loan and other receivables, and as a policy choice for trade and lease receivables with significant financing component. Forward looking economic scenarios and their impacts on a weighted average ECL.

HKFRS 16 / IFRS 16 Valuation Support for Lease

Categories: Financial Reporting IFRS HKFRS, News|Tags: , , |

Background of Lease - Updates Its specifies how a company will recognise, measure, present and disclose leases. The standard provides a single lessee accounting model, requiring lessees to recognise assets and liabilities for all leases unless the lease term is 12 months or less or the underlying asset has a low value. IFRS 16 was

Valtech Valuation helps you with IFRS9 / HKFRS 9 Expected Credit Loss

Categories: Financial Reporting IFRS HKFRS|Tags: , , , |

Professional, Supportable, and Audit-Ready ECL Solutions Valuation is a disciplined professional practice. It relies on quantitative science, but it equally depends on informed professional judgment. In financial reporting, there is no single "most accurate" figure; rather, the goal is to establish a supportable and reasonable valuation. When the purpose of a valuation is financial

IFRS 9 Challenges to Implementation

Categories: Financial Reporting IFRS HKFRS, Financial Instruments, News|

According to a recent survey by Bloomberg: "While firms globally are facing challenges in implementing financial accounting standard IFRS 9, a recent survey by Bloomberg shows that many firms in the Asia Pacific have missed the Jan. 1, 2018 implementation date completely. The survey, completed by firms in Hong Kong, India, Singapore and Taiwan showed

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