I’m studying and need help with a Business question to help me learn.
This is a group work, one listed company in Hong Kong will be assigned to each group.
Question 1 (60 marks)
Study the company's latest annual report that is available on the website https://www1.hkexnews.hk/search/titlesearch.xhtml?lang=en and write a report about the company's (1) property, plant and equipment; (2) investment property; and (3) intangible assets. By referring to the applicable accounting standards in Hong Kong, your analysis should cover the following:
Marks allocation
a) The nature of the assets; (15)
b) Changes during the year; (15)
c) Measurement basis (10)
d) Disclosures; and (10)
e) Any other significant issues (10)
Question 2 (40 marks)
For the company selected in Question 1, elaborate in detail on the company's accounting treatment of assets impairment, with reference to HKAS 36.