78
財務報告
Financial Report
Notes to the financial statements (continued)
財務報表附註（續）
for the year ended 31 March 2015
截至二零一五年三月三十一日止年度
3. SIGNIFICANT ACCOUNTING
POLICIES (continued)
Basis of preparation (continued)
In addition, for financial reporting purposes, fair value
measurements are categorised into Level 1, 2 or 3 based on
the degree to which the inputs to the fair value measurements
are observable and the significance of the inputs to the fair
value measurement in its entirety, which are described as
follows:
•
Level 1 inputs are quoted prices (unadjusted) in active
markets for identical assets or liabilities that the entity
can access at the measurement date;
•
Level 2 inputs are inputs, other than quoted prices
included within Level 1, that are observable for the
asset or liability, either directly or indirectly; and
•
Level 3 inputs are unobservable inputs for the asset or
liability.
The principal accounting policies are set out below.
Revenue recognition
Rendering of services
Revenue is measured at the fair value of the consideration
received or receivable. Provided it is probable that the
economic benefits will flow to the Council and the amount of
revenue and the costs incurred or to be incurred in respect
of the transaction, if applicable, can be measured reliably,
revenue is recognised in profit or loss as follows:
(i)
fees for rendering of accreditation services to
institutions are recognised in the period to the extent
the accreditation work is performed;
(ii)
advisory fees and consultancy fees are recognised in
the period in which such services are rendered;
(iii)
fees for rendering of qualifications assessment services
are recognised in the period in which such assessment
work is completed; and
(iv)
qualifications registry fees are recognised in the period
in which such services are rendered.
3.
主要會計政策（續）
編製基準
此外，就財務報告而言，公允值
計量根據公允值計量的輸入數
據可觀察程度及公允值計量的
輸入數據對其整體的重要性分
類為第一級、第二級或第三級，
概述如下：
•
第一級輸入數據指該實體
於計量日期可以取得的
相同資產或負債於活躍
市場的報價（未經調整）；
•
第二級輸入數據指就資產
或負債直接或間接地可觀
察的輸入數據（第一級內
包括的報價除外）；及
•
第三級輸入數據指資產
或負債的不可觀察輸入
數據。
主要會計政策載列如下。
收益確認
提供服務
收益以已收或應收的收費的公
允價值計量。如果經濟效益可能
會流入本局，而收益和成本（如
適用）又能夠可靠地計算時，收
益便會根據下列基準在盈餘或
虧損內確認：
(i)
向機構提供評審服務的
收費在評審工作完成的
期間內確認；
(ii)
諮詢和顧問費在服務提
供的期間內確認；
(iii)
提供資歷評估服務的收
費在評估工作完成的期
間內確認；
(iv)
資歷名冊費用在登記工
作完成的期間內確認。
