Company: ABLV
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001213900-25-034677
Chunk: 188

Company: Able View Global Inc.
Filing Date: 2025-04-23
Form: 20-F
Item: Item 19
Chunk 188
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SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The consolidated financial statements of the Company
have been prepared in accordance with the accounting principles generally accepted in the United States of America (“ U. S. GAAP”).

Basis of consolidation

The consolidated financial statements include
the accounts of the Company and its wholly and majority owned subsidiaries. All transactions and balances among the Company and its subsidiaries
have been eliminated upon consolidation.

All intercompany transactions and balances have
been eliminated upon consolidation.

Use of estimates

The preparation of consolidated financial statements
in conformity with U. S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities, disclosures of contingent assets and liabilities on the date of the consolidated financial statements, and the reported amounts
of revenue and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, management
reviews these estimates and assumptions using the currently available information. Changes in facts and circumstances may cause the Company
to revise its estimates. The Company bases its estimates on past experience and on various other assumptions that are believed to be reasonable,
the results of which form the basis for making judgments about the carrying values of assets and liabilities. Estimates are used when
accounting for items and matters including, but not limited to, determinations of the useful lives and valuation of long-lived assets,
allowances for credit losses for accounts receivable and other receivables, valuation of deferred tax assets, and other provisions and
contingencies.

Foreign currency
translation

Transactions denominated in currencies other than
the functional currency are translated into the functional currency at the exchange rates prevailing on the dates of the transaction.
Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency
using the applicable exchange rates on the date of the balance sheet.

The reporting currency of the Company and its
subsidiaries is U. S. dollars (“ US$”) and the accompanying consolidated financial statements have been expressed in US$.

In general, for consolidation purposes, assets
and liabilities of the Company and its subsidiaries whose functional currency is not the US$, are translated into US$, using the exchange
rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses
resulting from translation of financial statements of the Company and its subsidiaries are recorded as a separate component of accumulated
other comprehensive income within the statement of shareholders’ equity.

F-10

ABLE