HKFRS and conceptual framework

- Refer to: Conceptual Framework For Financial Reporting 2010
(published by HKICPA)

- on Page 6, under Purpose and Status
The Conceptual Framework sets out the concepts that underlie the
preparation and presentation of financial statements for external users.
The purpose of the Conceptual Framework is:
(a) to assist the Council of the HKICPA in the development of future Hong
Kong Financial Reporting Standards and Accounting Guidelines and in
its review of existing HKFRSs and Accounting Guidelines.
.
.
.
(g)
The Conceptual Framework is not a HKFRS and Accounting Guideline and
hence does not define standards for any particular measurement or
disclosure issue. Nothing in this Conceptual Framework overrides
any specific HKFRS and Accounting Guideline.

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Refer to: HKFRS 1 (Revised) (February 2012)
First-time Adoption of Hong Kong Financial Reporting Standards

- on Page 15, Appendix A, Defined terms:

- Hong Kong Financial Reporting Standards (HKFRS)

Standards and Interpretations issued by the Hong Kong Institute of
Certified Public Accountants (HKICPA). They comprise:

(a) Hong Kong Financial Reporting Standards;

(b) Hong Kong Accounting Standards; and

(c) Interpretations.

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WK