The audited 2020 Annual report of HSBC is available at the following link: https://www.hsbc.com/investors/results-and-announcements/annual-report Please download the annual report (as shown in below...

The audited 2020 Annual report of HSBC is available at the following link: https://www.hsbc.com/investors/results-and-announcements/annual-report Please download the annual report (as shown in below screenshot). Utilise the FINANCIAL STATEMENT section to address the following tasks: 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 (15 marks) 2. IAS 33- Earnings per share (10 marks) 3. IAS 12- Taxation (15 marks) 4. IFRS 9- Financial Instruments (15 marks) 5. IAS 32- Financial Instruments (Presentation) (5 marks) Please ensure that you demonstrate your knowledge of the subject matter and analyze the amounts in HSBC 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. You are required to use academic resources and e-library. Please do not cite Investopedia, Wikipedia and other unreliable websites. Please research from published academic journals and textbooks the access of which is available to you. Proper intext citation and bibliography must be done using Harvard style. NO ASSIGNMENTS WILL BE ACCEPTED WITHOUT A SIGNED COVERSHEET PASTED AS IMAGE IN THE SUBMISSION
Jun 19, 2021
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