Highlights
Required:
Review the Financial Statements of HSBC (link provided above) carefully. For each of the following IFRSs/ IASs, summarize the recognition, initial measurement, subsequent measurement principles used as per each of these standards. In particular, discuss the deviations (if any) from the criteria laid out in each of the following standards:
1. IFRS 16- Leases
2. IAS 33- Earnings per share
3. IAS 12- Taxation
4. IFRS 9- Financial Instruments
5. IAS 32- Financial Instruments (Presentation)
Please ensure that you demonstrate your knowledge of the subject matter and analyze the amounts inHSBC financial statements along with the recognition. Measurement and disclosure principles laid
out in each of the standards listed above.Your work should be in a logical and cohesive essay with a brief introduction and conclusion.Please clearly make headings for each task. Place the company financial statement extracts as appendix or as images clearly labelled in your work.
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