Hong Kong Institute of CPAs
Logo Issue No. 124 (July 2020)
CPA Insights
From private to public

Sally Chau, Treasury Accountant at the Innovation and Technology Commission, discusses the differences and similarities between banking and government sectors in the field of accounting. She talks about how the QP met her needs and helped her to achieve her goals in a range of roles requiring a broad array of skills.

Tech Source

New leases standard in closer look – An analysis of lessee’s financial statements

International Financial Reporting Standard 16 Leases superseded International Accounting Standard 17 Leases and related interpretations. Under the new standard, the accounting treatment of leases by lessee changes fundamentally. In this article, Dr. Winnie S.C. Leung, Assistant Dean (UG) and Principal Lecturer of the Faculty of Business and Economics of the University of Hong Kong examines the new standard in more detail by analysing its impacts on lessee’s financial statements with an illustrative example and discussing the influence of the new standard on lessee's and lessor's financial reporting.


Student matters

Online enrolment periods for the December 2020 session

Online enrolment Enrolment opens Deadline
New QP - Associate Level 21 August 2020 10 September 2020
Current QP - module examinations (for existing students) 2 July 2020 28 July 2020
Current QP - module examinations (for new students registered after
28 July 2020)
3 Aug 2020 31 Aug 2020
Current QP - Final examination 2 July 2020 7 Sep 2020

Please complete the online enrolment in the QP by the deadlines as specified above. No late enrolment requests will be accommodated.

For enquiries, please email students.reg@hkicpa.org.hk or call 2287 7228 for further assistance.

QP Scholarships for the Year 2020

Congratulations to the 22 QP scholarship recipients for the year 2020. The Institute received 43 undergraduate and nine sub-degree nominations for this year's QP scholarships. The selection panel of the Institute's qualification and examinations board shortlisted 36 outstanding nominees for online interviews and subsequently recommended awarding the QP scholarships to 20 undergraduates and two sub-degree students.


Practical experience

We welcome 10 authorized employers and 28 authorized supervisors to the Institute's practical experience scheme. For students who have already completed the QP with sufficient practical experience for membership admission, please submit your membership applications on or before 20 July 2020.


Reporting and fraud risk arising from COVID-19 pose significant challenges for professional accountants

Stathis Gould, Director, Advocacy and Laura Leka, Senior Technical Manager, Global Accountancy Profession Support, at the International Federation of Accountants share why CPAs need to be alert to the pressure exerted on them or by them on others. 

This article is from A Plus May 2020 and its full version originally appeared on the IFAC Global Knowledge Gateway.


Tel: (852) 2287 7228
Email: hkicpa@hkicpa.org.hk
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