HK GAAP definition

HK GAAP means the generally accepted accounting standards, principles and practices applicable in Hong Kong;

Examples of HK GAAP in a sentence

  • As a result, the amount of the net interest capitalised under HK GAAP is lower than that under US GAAP.

  • Under HK GAAP, there is no specific accounting standard to account for the compensation element in these call options.

  • Main principles proposed in revising the RM process were: Balance between NAA and Industry.

  • In subsequent years, the annual depreciation for the net interest capitalised under HK GAAP is lower than that under US GAAP.

  • Under HK GAAP, costs incurred on development projects relating to the design and testing of new or improved projects are recognised as an intangible asset if certain criteria could be fulfilled.


More Definitions of HK GAAP

HK GAAP means the Hong Kong Financial Reporting Standards published by the Hong Kong Institute of Certified Public Accountants, as the same may be amended from time to time.
HK GAAP. Hong Kong Statements of Standard Accounting Practices issued by the Hong Kong Society of Accountants and the accounting principles generally accepted in Hong Kong
HK GAAP means the generally accepted accounting principles of Hong Kong including the financial reporting standards and interpretations issued by the Hong Kong Institute of Certified Public Accountants which comprise (i) Hong Kong Financial Reporting Standards, (ii) Hong Kong Accounting Standards and (iii) Interpretations.
HK GAAP has the meaning set forth in the Series B Purchase Agreement.