Issue no. 234 (11 December 2008)
Dear Members / Member Practices,
 
  Institute news
       
 

Council election resultsClick here to see the names of the seven newly elected council members. The results will be officially announced at the AGM this Friday, 12 Dec., 5:30 p.m. at 27/F, Wu Chung House. The new president and vice presidents will be elected at a special meeting afterwards.

  
       
A Plus combination issue (Jan/Feb)
The January and February issues of A Plus will be combined to give members more substantial content during the holidays. The issue will be published before the Chinese New Year and the following issue will appear in March.
Annual report
  The 2008 full annual report has been published and you can download it from the web. The report shows how our equestrian and accounting traditions have played a role in Hong Kong's social and economic development.
Fair value accounting
Briefing notes on fair value accounting prepared for the Hong Kong government by Marvin Cheung, trustee of the IASC Foundation were printed in the December issue of A Plus. The notes explain the background of mark-to-market accounting and the economic crisis. +
Annual dinner photos
Click here to see photos of the annual dinner on 3 Dec., where 600 members and guests attended and heard remarks from guest of honour Secretary for Financial Services and the Treasury Professor K.C. Chan.
Talk on financial crisis and recession
Come join the seminar on 3 Jan. to hear how we can survive the financial downturn from Tsang Chung-wing, deputy chief editor of the Hong Kong Economic Times. +
Training mission
Pass on your knowledge and experience to train up CPAs by becoming a QP workshop facilitator.
Early closing
The Institute and its library will close early at 4 p.m. on 24 Dec. for Christmas Eve and on 31 Dec. for New Year's Eve.
 
  Member services
Tech gadgets
Come join the Merry Monday on 3 Jan. to learn more about how technology gadgets help you become more productive. +
Cross-border match
Guangzhou Institute of CPAs won the champion of the friendly football match hosted by the Institute on 6-7 Dec. Click here to see photos.
Table tennis
Click here to see results of the CPA table tennis competition, which finished on 10 Dec.
Sailing
Two of the three Institute sailing teams finished in 8th and 9th places in the around the Island race on 23 Nov. Click here to see photos.
Click here to see the at-a-glance calendar for more member activities.
   
  Mainland news
企業財務會計決算報表
財政部就關於印發2008年度企業財務會計決算報表發出通知。+
企業會計準則講解
財政部就關於征訂《企業會計準則講解2008》發出通知。+
 
  Tech update

Handbook update

Members' handbook update no. 58 contains Reclassification of Financial Assets - Effective Date and Transition (Amendments to HKAS 39 Financial Instruments: Recognition and Measurement and HKFRS 7 Financial Instruments: Disclosures). +

Reclassification of financial assets
KPMG has published IFRS Briefing Sheet on Reclassification of Financial Assets - Effective Date and Transition (Amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures). +
 
  CPD
Subprime and auditing
The popular topic "Aftermath of subprime - risk management, auditing and financial reporting considerations" in the annual auditing conference will be re-run on 5 Jan.
PRC business
Come join the seminar on 7 Jan. to learn skills for doing business in the mainland. +
WorkSmart series
This workshop series helps you define your professional objectives, develop a plan to work smarter and achieve greater effectiveness at work. It starts 7 Feb. +
 
To enrol in CPD programmes, please click here.
 
  International news
2008 global leadership survey
IFAC's 2008 global leadership survey shows that accounting institutes are helping their members understand standards during the financial crisis. The survey’s release marks the beginning of the World Accountancy Week (7-13 Dec.) and gives the perspectives of the leaders of 110 accountancy organizations.
XBRL rules
U.S. Securities and Exchange Commission chairman Christopher Cox says it is finalizing rules this month on the interactive data format for public company financial reports, AccountancyAge.com reports. +
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