How to transit to HKFRS 9 Financial Instruments? How to measure expected credit losses and assess the fair values of unquoted equity instruments?

HKFRS 9 / IFRS 9 Financial Instruments is already mandatorily effective (effective for annual periods beginning on or after 1 January 2018).  It replaces HKAS 39 Financial Instruments: Recognition and Measurement. For listed entities with December year end, they are required to adopt this new accounting standard in their interim accounts for the six months ending 30 June 2018.  

HKFRS 9 is significantly different from HKAS 39 on a number of aspects. In particular, HKFRS 9 has introduced dramatically different requirements regarding (a) classification and measurement of financial assets and (b) impairment on financial assets. With the new classification and measurement requirements, the accounting treatments of entities’ financial assets may be very different from those adopted under HKAS 39. Also, with the new impairment model introduced by HKFRS 9 (i.e. the expected loss model), additional impairment losses may have to be recognised much earlier.

Furthermore, the transitional requirements from HKAS 39 to HKFRS 9 are complex.

In this seminar, our speakers will share with you practical issues on how to transit from HKAS 39 to HKFRS 9. They will also share with you approaches to assess impairment losses under the expected loss model and the fair values of unquoted equity instruments within the scope of HKFRS 9.

If you would like to attend this seminar, please click here for registration. For queries, you may contact Ms. Manda Fung at +852 2738 7789 or  mandafung@moorestephens.com.hk
 

Details of the seminar
Date:	29 May 2018, Tuesday
Time:	2:00pm – 2:30pm (Registration)
	2:30pm – 5:00pm (Seminar session)
Venue:	27/F Club Lusitano Ice House Street, Central, Hong Kong
Language:	Cantonese
CPD unit:	2.5 hour
RSVP:	click here
	(Confirmation will be sent one week prior to the seminar)

 

About the speakers
	Candy Fong, Technical Consultant   Candy Fong has about 18 years of experiences in applying HKFRSs or IFRSs. She was a technical and audit partner of a Big 4 accounting firm before September 2016.   Candy has substantial experience in overseeing projects for implementation and application of International Financial Reporting Standards or Hong Kong Financial Reporting Standards for large conglomerates and multinational corporations.   Candy is a member of the Financial Reporting Standards Committee of the Hong Kong Institute of Certified Public Accountants. She is also a panel member of a number of accounting projects of the Institute.
	Kenneth Ma, Director – Corporate Finance & Valuation   Kenneth Ma has over 10 years’ experience in providing valuation and corporate finance services in Hong Kong, mainland China, and  Asia Pacific region. He had set up branches for a Hong Kong based appraisals firm in Malaysia and Singapore and managed the valuation team of a renowned international accounting firm.   Kenneth handles various types of valuations and financial modelling assignments for derivatives trading, public flotation, financing, joint-venture, merger & acquisition, public documentation, litigation support, etc. Kenneth is a charter holder of the Chartered Financial Analyst (CFA) and the Chartered Alternative Investment Analyst (CAIA). He is also a Registered Valuer Member of the Royal Institute of the Chartered Surveyor.

 
 

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