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Bundle package: ACCA Hong Kong accounting updates series 2025

ACCA Hong Kong is delighted to have invited experts from the Big Four firms to deliver the ACCA Hong Kong accounting updates series 2025

Overview

Hong Kong skyline

The bundle package includes four webinars on the following topics:

 

  • Overview of new updates made to HKAS 1, HKAS 21 and HKAS 7
  • Accounting for long service payment and subsidy scheme for abolition of MPF offsetting arrangement
  • An Overview of IFRS 18 – the New Presentation and Disclosure Requirements
  • Navigating the 2024 amendments to IFRS 9 and IFRS 7

Overview of new updates made to HKAS 1, HKAS 21 and HKAS 7 l On-demand l Cantonese l 1 CPD unit

  • Amendments to HKAS 1 - Classification of Liabilities as Current or Non-current (applicable to accounting periods beginning on or after 1 January 2024)
  • Amendments to HKAS 21and HKFRS 1 - Lack of Exchangeability (applicable to accounting periods beginning on or after 1 January 2025)
  • Amendments to HKAS 7 and HKFRS 7 - Supplier Finance Arrangements (applicable to accounting periods beginning on or after 1 January 2024)

Accounting for long service payment and subsidy scheme for abolition of MPF offsetting arrangement l On-demand l Cantonese l 1.5 CPD units

  • An introduction of legislation background long service payment and the government subsidy scheme
  • A recap of HKAS 19 requirements for accounting of defined benefit obligations
  • The two acceptable approaches in accounting for long service payment upon abolition of the MPF offsetting arrangement, with illustration through worked examples
  • Accounting for the subsidy scheme for abolition of MPF offsetting arrangement
  • An introduction of possible alternative accounting approaches
  • Practical considerations in determination of accounting policies and preparation for the transition date

An Overview of IFRS 18 – the New Presentation and Disclosure Requirements l On-demand l Cantonese l 1 CPD unit

  • Overview of IFRS 18 requirements
  • Major changes brought by IFRS 18
    • Specified categories and defined subtotals
    • Management-defined performance measures
    • Aggregation and disaggregation
  • Other consequential amendments
  • Transitions

Navigating the 2024 amendments to IFRS 9 and IFRS 7 l On-demand l Cantonese l 1 CPD unit

  • Settling financial liabilities using an electronic payment system
  • Classifying financial assets with contingent features, including ESG-linked features
  • Non-recourse assets and contractually linked instruments
  • Changes to classification-related disclosure requirements
  • Nature-dependent electricity contracts

Overview of new updates made to HKAS 1, HKAS 21 and HKAS 7:

Kenny Leung, Partner, PwC Hong Kong

Kenny Leung is a partner in the Assurance practice in PwC Hong Kong. He has more than 15 years of experience in assurance in Hong Kong, the United Kingdom and China serving various multinationals in transportation and logistics, real estate, hospitality, engineering and construction, wastewater treatment. Kenny assisted clients in various multi-locations group audit, initial public offering, and bond offering.

Given the wide spectrum of matured and emerging clients that Kenny has been involving with, his expertise lies in bringing different expertise in PwC to serve the wider needs of his clients. He also has good experience and connections in working with global teams in multi-locations group audit.

Kenny is a member of the Hong Kong Institute of Certified Public Accountants, a member of the Institute of Chartered Accountants in England and Wales, and an examination assessor of the Hong Kong Institute of Certified Public Accountants.

Accounting for long service payment and subsidy scheme for abolition of MPF offsetting arrangement:

Joe Ng, Partner, Professional Practice, EY

Joe Ng is a partner within professional practice department of Ernst & Young in Hong Kong. Joe has over 20 years of experience in providing accounting advisory and auditing services to financial institutions in Mainland China and Hong Kong, including large state-owned banks and international banks. He is experienced in accounting for financial instruments, in particular accounting for hedges, securitization, structured products and cryptocurrencies. Through the global network of EY IFRS professional group, he provides comments on IFRS developments and advises on accounting matters for EY clients across the globe.

Joe is the Chairman of the Financial Reporting Standard Committee of the HKICPA. He was involved in the development of accounting guidance published by the HKICPA on the abolition of MPF-LSP offsetting mechanism and that on the related government subsidy scheme.

An Overview of IFRS 18 – the New Presentation and Disclosure Requirements:

Samuel Ma, Partner, Deloitte China

Samuel Ma is a partner of the National Technical of Deloitte China. He has over 14 years of audit and assurance experience in Hong Kong and Shenzhen, serving listed clients in a wide range of industries. In his role with Deloitte, he provides advice and support to engagement teams and clients on of HKFRS/IFRS Accounting Standards financial reporting issues and application matters on Hong Kong capital market transactions. He is a member of the Chinese Institute of Certified Public Accountants and the Hong Kong Institute of Certified Public Accountants.

Navigating the 2024 amendments to IFRS 9 and IFRS 7:

Albert Chai, Partner, KPMG

Albert Chai is KPMG’s Asia-Pacific IFRS insurance leader. He is also a specialist in accounting for financial instruments, as well as cryptocurrencies and other digital assets. In his advisory role, he has focused on helping clients implement new standards and resolve emerging issues. He regularly speaks on financial reporting topics affecting insurers, banks and other companies.

Betty Fung, Senior Manager, KPMG

Betty Fung is a specialist in accounting for financial instruments under IFRS/HKFRS. She provides audit support to various listed and IPO clients on financial instruments related accounting issues. Before joining the Department of Professional Practice, she spent six years in the corporate audit practice in Hong Kong serving listed and multinational clients in a wide range of industries, including manufacturing, trading and healthcare.

  • The four webinars are conducted in Cantonese.
  • The four webinars are broadcast via ON24.
  • Each enrolee will receive an email confirmation including the webinar access links and passwords after successful registration.
  • Enrolee can access the recorded webinars until 31 March 2026.
  • Enrolee’s own attendance record can be downloaded in the webinar platform after attending each of the webinars.
  • The series is under ACCA’s Subsidy CPD Scheme. In the Scheme, three percent of seats of our selected CPD events are open on a complimentary and first-come, first-served basis to members who are currently entitled to reduced subscription and retired members on ACCA’s register. ACCA Hong Kong reserves the right to determine which CPD events are included under the Subsidy CPD Scheme. If you are eligible for the Scheme and would like to join the series, please drop us an email to hkinfo@accaglobal.com for enquiries.

Price

Member 410 HKD

Affiliate 410 HKD

Approved employer 620 HKD

Student 410 HKD

Public 820 HKD

Location

Hong Kong SAR of China

Date & time

On demand

Enquiries

Email enquiries hkinfo@accaglobal.com

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