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Estate Agents Authority Annual Report 2014/15
4. Critical Accounting Judgment and Key
Sources of Estimation Uncertainty
In the process of applying the EAA’s accounting policies,
which are described in note 3, management had made
the following judgments that have the most significant
effect on the amounts recognised in the financial
statements.
Allowances for bad and doubtful debts of
debtors
Debtors are measured at initial recognition at fair value,
and are subsequently measured at amortised cost using
the effective interest method. Appropriate allowances
for estimated irrecoverable amounts are recognised in
the statement of comprehensive income when there is
objective evidence that the asset is impaired.
In determining individual allowances, the EAA has
considered that detailed procedures have been in place
to monitor this risk. In determining whether allowance
for bad and doubtful debts is required, the EAA takes
into consideration the aging status, the likelihood of
collection and the estimated discounted future cash
flows. Specific allowance is made for debtors that are
unlikely to be collected. If the financial conditions of
these debtors were to deteriorate, resulting in an
impairment of their ability to make payments,
allowances may be required.
4.
關鍵會計判斷及估計不
確定因素之主要來源
於應用監管局之會計政策時（已
於附註
3
詳述），管理層作出下列
對財務報表所確認之金額具有最
重大影響之關鍵判斷。
應收賬款之呆壞賬撥備
應收賬款初次確認乃按公平價值
計算，其後則按實際利息法以攤
銷成本計算。倘有客觀證據顯示
該資產出現減值，則就估計不可
收回金額計算之適當撥備於全面
收益表內確認。
決定個別撥備時，監管局認為已
實施周詳程序以監控此項風險。
釐定是否需要作出呆壞賬撥備
時，監管局已考慮賬齡狀況、可
收回之可能性及估計貼現未來現
金流量。特定撥備僅就不大可能
收回之應收款項而作出。倘若此
等賬款轉壞，導致其還款能力減
退，則可能須作出撥備。
