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