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Account Analsis
The Hong Kong University of Science and Technology School of Business and Management
Part-time MBA Program (Shen Zhen intake 2011)

ACCT5100- Financial Accounting Foundations

Sun Hung Kai 2006 Case Assignment- L6G3

Professor Name: Ping-Sheng Koh | Date of Submission: December 04, 2011 | 20023539 | Eric | Liu Yike | 20023838 | Harry | Zheng Jun | 20023735 | Jacky | Yan Chao | 20023541 | Janice | Luo Zhihang | 20023606 | Elfin | Tang Juanjuan |

Sun Hung Kai 2006 Case Questions & Answer
Question 1 a) Identify three accounts on the balance sheet of Sun Hung Kai that represent tangible assets?
Fixed assets, Investment properties, Properties for sale. b) What are the differences among these accounts?
Fixed assets: Known as a non-current asset or as property, plant, and equipment, is a term used in accounting for assets and property which cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, which are described as liquid assets. In most cases, only tangible assets are referred to as fixed.
Investment properties: Investment properties are land and/or buildings held under a leasehold interest to earn long-term rental income and/or for capital appreciation. These include completed properties and land under development for future use as investment properties. Investment properties are stated in the balance sheet at fair value and are valued at least annually by independent valuer. Increase or decrease in fair value of investment properties is recognized in the profit and loss account. Upon disposal of an investment property, any gain or loss on disposal is recognized in the profit and loss account.
Properties for sale: It belongs to the commodity, be treated as an inventory account for real estate industry. It can bring sales revenue after be sold.

Question 2 a) What is purpose of amortization / depreciation? What is the difference between depreciation and
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