Issue no. 43 (4 February 2010)
 
One of the four major investments recently announced by the Institute is The Academy project, in which we plan to introduce new and enhanced online learning and networking services for members. As the first step, we are now introducing the online Competency Development Tool (CDT). The tool aims to help you plan your career, identify the competencies you need to reach the top of your career stream and, most importantly, link you to some resources to assist you in your professional development. Developed by the New Zealand Institute of Chartered Accountants, CDT is licensed for the Institute’s use in Hong Kong. We adapted the tool after interviewing our members in focus groups so that it would suit the needs of CPAs working in Hong Kong and on the mainland.

Click for the Chief Executive’s Introduction and highlights of the tool. We encourage you to visit our CDT webpage to learn more and hope you will enjoy the benefits brought to you by this versatile online tool. During the premiere launch, thanks to the project funding received from the Professional Services Development Assistance Scheme of the Commerce and Economic Development Bureau, the Institute is offering a free subscription, valid until 31 December 2010 for 1,000 members. This is open to members who attend an information session or participate in a lucky draw. From 1 April 2010, members can subscribe for the normal price of $190 to enjoy all the benefits of CDT.
 
The highlights of CPD seminars for this month:
   
A refresher course of 30 hours on Current Financial Reporting Standards has been scheduled over 5 days from 27 February to 26 March. The speaker Mr. Paul M.Y. Yeung is an experienced consultant, writer and lecturer in financial reporting, auditing and business ethics. This course is reimbursable for CEF purposes and is an excellent opportunity to update your financial reporting skills. Please click here for details.
   
An evening seminar entitled "US Tax: Internal Revenue Service (IRS) Investigations and Voluntary Disclosures" is scheduled for 10 February. This seminar is conducted by Mr. Richard Weisman, a US tax partner based in the Hong Kong office of Baker & McKenzie. The seminar will explain the relevant US tax rules and the voluntary disclosure programme applicable to US citizens and green card holders wherever they live in the world. Click here for the limited seats.
 
Lastly, the Institute has invited Prof. the Hon. K C Chan, SBS, JP, Secretary for Financial Services and The Treasury, to share his views on the Budget 2010/11 with us on 24 February 2010.  Please mark your diary and watch for further details of this important event.
Technical Competencies
 
Audit and Assurance Download Enrolment Form      
   
Conducting an Operational Audit - 26 Feb    
   
Internal Auditing of Procurement - 11 Mar   
   
Business Finance Download Enrolment Form
   
Restructuring Distressed Listed Companies - 10 Mar   
   
Credit Analysis for SMEs Case Study Workshop (Part 1) (re-run) - 11 Mar  
   
Valuation of Company Assets in IPOs - 12 Mar   
   
Credit Analysis for SMEs Case Study Workshop (Part 2) (re-run) - 18 Mar   
 
Financial Accounting and Reporting Download Enrolment Form
   
TUE103 - Annual Improvements for 2008 and 2009 - 23 Feb
   
Conducting an Operational Audit - 26 Feb    
   
A Refresher Course on Current Financial Reporting Standards - 27 Feb to 26 Mar    
   
TUE104 - Overview of IFRS/HKFRS 9 - 2 Mar
   
TUE106 - Revenue: Recognition and Measurement - 16 Mar
   
TUE107 - Liabilities: An overview of HKAS 37 - 23 Mar
   
TUE108 - Impairment of Non-current, Non-financial Assets: HKAS 36 - 30 Mar
   
HKFRS for Private Entities - Overview Session (5th run) - 15 Apr
   
HKFRS for Private Entities - Overview Session (6th run) - 22 Apr
   
   
Taxation Download Enrolment Form
   
US Tax: Internal Revenue Service (IRS) Investigations and Voluntary Disclosures - 10 Feb   
   
Generic Competencies
 
General Business and Professional Knowledge Download Enrolment Form
   
Insolvency Preparatory I - 27 Feb to 24 Apr   
   
Marketing Professional Service Firms - 3 Mar   
   
Internal Auditing of Procurement - 11 Mar   
 
Leadership and Business Strategy Download Enrolment Form
   
Marketing Professional Service Firms - 3 Mar   
   
Internal Auditing of Procurement - 11 Mar   
 
Values, Ethics and Attitudes Download Enrolment Form
   
Competency Development Tool (CDT) Briefing Session (Free) - 23 Feb or 1 Mar   
Download Enrolment Form
 
Frequent travellers can earn CPD hours by enrolling in a hassle-free self-study programme. Here are your choices:
e-Seminar

e-Learning is one of the fastest ways to make up CPD hours at any time, anywhere.

Annual Taxation Update 2009 [EC063]
Financial Reporting Forum 2009 - Stay tuned for the developments of HKFRS/IFRS [EC062]
Practical Implementation of HKAS 1 (Revised) Presentation of Financial Statement [EC061]
Financial Reporting I [EC057]
Financial Reporting II [EC058]
Financial Reporting III [EC059]
Financial Reporting IV [EC060]
Annual Auditing Update 2008 [EC056]
Annual Accounting Update 2008 [EC055]
Financial Reporting Forum 2008 – Stay tuned for the developments of HKFRS/IFRS/ASBE [EC054]
Audit Planning and Risk Assessment [EC053]
   
e-Manager
Want to hone your management and business skills? A total of 83 e-manager courses, developed by the US Skillsoft Corporation, offer you a wide range of business subjects for flexible online study.
 
Others
 
HKICPA/Open University of HK (OUHK) - Collaboration programme for online courses in Chinese Business Law.
 
 


 
Online Resources

CAS Plus
IAS Plus

EY Resources for IFRS
   
KPMG
Virtual Library

PwC's Ideas
and Insights

Free Courseware



Learning Resource Centre
 
This IFAC LRC provides you with a wealth of knowledge ranging from professional training to a learning resource network.  A great way to enrich yourself at your own pace and space. Click here.
 
Free resources to support IFAC's revised Code of Ethics for Professional Accountants: visit the Resources section of www.ifac.org/Ethics.

SFC Investors Education
 
eLibrary
ProQuest - Accounting & Tax with Standards.
 
Input your CPD hours (including CPD training organized by outside providers) in MyCPA. Although it is not equivalent to your CPD declaration, this online record helps you to keep track of your CPD achievements. MyCPA also lists your enrolment status for CPD courses.
 
Hot offers:
All professional titles at members' discount of 15% from:
Bloomsbury Books Limited
(all business titles)
Academic & Professional Book Centre (all regular titles)
 
Any suggestions for our CPD programmes?  You are most welcome to give us your views on any CPD-related matters. Thank You!