82
Financial Report
財務報告
82
Notes to the Financial Statements (continued)
財務報表附註（續）
For the year ended 31 March 2016
截至二零一六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
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;
3.
主要會計政策（續）
編製基準（續）
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
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；