Issue no. 525 (18 December 2014)
  
  Dear members/member practices,  
     
 
 
 
 
  New Council and leadership  

At the special Council meeting following the AGM on 12 Dec., Dennis Ho, Partner of PricewaterhouseCoopers, was elected as the Institute's new President. The new Vice Presidents are Mabel Chan and Ivy Cheung. Click to see the full Council and press releases.
A Plus – Business without borders

The December issue looks into the forthcoming trans-Pacific and pan-Asian free trade agreements and how they might well reduce costs but also create regulatory complexities. Other features cover: recent corporate governance development for listed companies and the Institute's latest BCGD Awards, Japanese Institute of CPAs Chairman and President interview, Dymon Asia Capital Finance Director's success story and adventurous CPAs who travel to offbeat destinations. Click here to read.
Season's greetings from the Institute

The Institute wishes you, your family, friends and colleagues a wonderful and joyous festive season. Click to see the greeting e-card.
Holiday break for e-circular

The e-circular will be suspended for one week over the Christmas holidays and will resume in the week of 29 Dec.
 
A4S summit 2014

Prince Charles marked his Accounting for Sustainability Project’s 10th anniversary by setting a challenge to accountants worldwide at the A4S summit 2014 on 11 Dec. The project aims to convene senior leaders in the finance, accounting and investor community to pursue a sustainable economy. Click to see press release.
Early closing

The Institute and its library will close at 4 p.m. on 22 Dec. (winter solstice), 24 Dec. (Christmas Eve) and 31 Dec. (New Year's Eve).
Professional Diploma in Insolvency celebrates graduation

Congratulations to the 13 candidates who have successfully completed the Professional Diploma in Insolvency 2013-14. A graduation ceremony was held on 29 Oct. to present certificates of completion and awards for outstanding achievement. Click to see details and photos.
TUE sessions

The TUE sessions in January and February will cover guidance on preparation of combined financial statements, practical issues on HKFRS and common questions by SMPs when applying the code of ethics.
Global management accounting principles seminar

The seminar on 26 Jan. will talk about global management accounting principles and how they are applied in external reporting, management and budgetary control, and project and risk management. +
Reminders
Don't miss the Hong Kong Trade Development Council's 8th Asian Financial Forum on 19-20 Jan. Institute members get a 40% discount on a first-come-first-served basis via online registration by using the code "MHKA234".
Share your views at the 2014 IFAC global SMP survey now. Deadline has been extended to 22 Dec.
"The Power of Giving" workshop

WiseGiving Advisors will host a workshop on 17 Jan. to introduce the potential of strategic philanthropy. +
 
Competition results
Andy Leung and Gary Tam clinched the championship in the final match of the mini bridge tournament season on 13 Dec. Congratulations also to Dora Lo for winning the year-end grand prize, the Bridge Interest Group trophy. Click to see full results and photos.

Our golf team defeated the Hong Kong Medical Golfers Association's team in the annual golf tournament on 10 Dec. and became the 11-time champion. Click to see photos.

Our CPA runners won the championship of all the team categories including 10km, half marathon and full marathon races and many individual medals at the Recreation and Sports Club for Hong Kong Professional Bodies marathon competitions. Click to see results and photos of the prize presentation ceremony on 15 Dec.
Chinese painting class
Come join our first Chinese painting class (山水畫精習班), taught by the famous artist Lau Choi Cheong (劉才昌) starting from January at his studio in Causeway Bay.
Bridge training course
Come join the bridge training course for beginners starting on 14 Jan. to improve your bidding skills in this strategic card game.
 
Effective dates of IFRS
KPMG has published a reminder on new and revised pronouncements as at 31 Dec 2014. +
IFRS disclosure checklist
PwC has published an IFRS disclosure checklist for December 2014 year end. +
Practical guide for investment entities: exception to consolidation
PwC has published a guide on application of amendments to IFRS 10 Consolidated Financial Statements. +
Bulk purchase discount
The 2015 IFRS – Consolidated without early Application (Blue Book) is now on bulk purchase discount price of HK$945. +
 
New branded merchandise
A slim-style CPA silk tie is available for sale now. Get one to match with your skinny-fit suits. Don't forget to select gifts from our wide range of branded merchandise for your business associates and friends during the festive season. +
Music events
The Singing Interest Group is organizing a series of training courses ranging from singing, guitar playing to studio recording. Choose your favourite class and enjoy a balanced lifestyle. +

At the music appreciation night on 26 Jan., the speaker will share her insights in opera and musical melodies which can unwind your mind.
Sharp Peak hiking
The Sailing Interest Group is organizing a hiking tour on 17 Jan. for members to explore the Sharp Peak and the wonder of the nature.
Rowing courses
Various rowing courses for all levels will be held in January and February for members who want to improve their rowing skills or pick up a new sport.
 
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