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Accountancy service

The accounting system of Hong Kong derives from the United Kingdom. It mainly includes double entries, accrual concepts going concern and matching concept. Accounts are prepared in accordance with the HKGAAP

Hence, a company could employ requirements of the companies ordinance and a full-time accountant to keep the accounting record and financial statements according to the accounting standards. On the other hand, it can subcontract to other preparation of accounting record
The accounting period is not regulated by law in Hong Kong. The fiscal period could be ended on any day for the first year, but should be within 18 months and the fiscal period is not allowed to change arbitrarily without an appropriate reason. Accounts can be prepared annually, but it can be kept monthly, quarterly or yearly in accordance with requirements of the management.

If your esteemed company hires CPA agency, you must know what files you need to provide to them. At the same time, you should understand what accounting records are and record are returned to you for safe keeping
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