Accounting and Financial Reporting

Institute courses

• HKFRS 3 Business Combinations

Publications

• IFRS 3 Business Combinations
• IFRS: Business Combinations under Common Control
• New Guidance Available on Integrating Climate-Related Matters into Financial Reporting
• HKFRS 3 (Revised) (ACCA Global)

Institute courses

• Common application issues of HKFRS 9 Financial Instruments and HKFRS 15 Revenue from Contracts with Customers (Highlight video)

Courses in collaboration with other organizations

• IFRS: Financial Instruments (IAS 32, IFRS 9, IFRS 7) (from AICPA/CIMA)

Publications

• Educational guidance on COVID-19 related financial reporting issues
• Guidance – IFRS 9 and COVID-19 (from the International Accounting Standards Board)
• HKFRS 9 – key application challenges for corporates and practical tips (APlus December 2019)

Institute courses

• Common application issues of HKFRS 9 Financial Instruments and HKFRS 15 Revenue from Contracts with Customers (Highlight video)

Courses in collaboration with other organizations

• IFRS: Revenue from Contracts with Customers (from AICPA/CIMA)

Publications

• HKFRS 15 – Summary of industry guidance
• Q&As: HKFRS 15 Revenue Recognition Considerations in the Engineering and Construction Industries
• Q&As: Recognition of IPO sponsor fee income under HKFRS 15
• Illustrative examples on IPO sponsor fee income
• APlus articles:
  • How the new standard affects revenue recognition in Hong Kong real estate sales before completion (Aug 2015)
  • How to account for sales incentives and selling costs incurred on real estate apartment sales contracts (Jun 2016)
  • How the new standard affects revenue of real estate developers if significant financing component exists (Aug 2016)
  • Applying the new revenue recognition requirements in the insurance intermediary industry (Jun 2019)
  • Revenue recognition considerations in the engineering and construction industries (Aug 2019)
  • Covid-19 related financial reporting issues for 2020 reporting periods (Jun 2020)
• HKFRS 15, basis for conclusions and illustrative examples
• Additional references issued by Standard Setters and Regulators
• Useful reference issued by other organisations

Institute courses

• Impairment post-HKFRS 16 (video)

Courses in collaboration with other organizations

• IFRS: Leases (IFRS 16) (from AICPA/CIMA)

Publications

• Educational guidance on COVID-19 related financial reporting issues
• HKFRS 16 – Frequently asked questions on lease discount rate
• Illustrative examples on rent concessions
• Illustrative examples on covid-19-related rent concessions
• Lessee accounting – Farewell to Hong Kong Interpretation 4

Institute courses

• Financial Reporting for Reinsurance Contracts Held under HKFRS 17 Insurance Contracts
• Interaction between Risk-Based Capital and HKFRS 17 Insurance Contracts
• HKFRS 17 Insurance Contracts – Measurement Models
• HKFRS 17 Insurance Contracts – An Update in a Nutshell

Publications

• HKFRS 17 Contractual Service Margin educational guidance

Institute courses

• HKAS 36 Impairment of Assets

Publications

• New Guidance Available on Integrating Climate-Related Matters into Financial Reporting

Institute courses

• Common application issues of Accounting Guideline 5 Merger Accounting for Common Control Combinations (Highlight video)

Publications

• New and Major Standards Resources Centre
• Technical Bulletins, Circulars and Examples Reports

Institute courses

• SMEs/SMPs: You should know… (Highlight video)
• The Small and Medium-sized Entity Financial Reporting Framework and Financial Reporting Standard (Audio) (re-launch) (Highlight video)

Publications

• Amendments to the SME Standard (APlus July 2020)
• COVID-19-related financial reporting issues for SME-FRF & SME-FRS financial statements (Aug 2020)
• SMP and SME Resource Centre