Our webinar will provide an update on latest accounting standards developments/changes, practical application issues of existing standards and forthcoming reporting changes and implications.
This webinar will focus on:
- Change in terms of debt agreements – debt modification vs extinguishment assessment under HK/IFRS 9 can be difficult. Useful tips will be provided on performing this assessment.
- Impairment of financial assets – share practical application challenges and commonly-asked questions in developing a robust ECL impairment model.
- IBOR reform – be cautious the financial impacts are more than hedge accounting.
- Government grants – how companies should account for different forms of government assistance.
- Other imminent hot topics
Attention will be given to areas where additional consideration and adjustments are likely to be required due to the impact of COVID-19, which will help you to better prepare for the upcoming annual reporting season.
About the speakers
SIMON RILEY, Director and Head of Financial Reporting Advisory, BDO
In his role, with operational responsibility for BDO's system of quality control, Simon is focusing on various projects arising from recent internal and external reviews, coordinating quality reviews of BDO on an on-going basis as well as dealing with quality-related issues when they arise.
Simon has over 25 years of experience in technical accounting, quality and standard-setting with large international accounting firms and standard setters in a number of countries. Most recently he was with the HKICPA as Director of Standard Setting which included responsibilities for implementing and operating the due process by which financial reporting, auditing and ethical requirements are set in Hong Kong. Previously, as Technical Director of an international network, he advised member firms on implementing and operating ISQC 1-compliant systems of quality control, performed quality control reviews, as well as provided technical support to the network's International Auditing Practices Committee.
Simon is a Chartered Accountant (New Zealand) and Chartered Secretary.
WINNIE CHAN, Principal of Financial Reporting Advisory, BDO
In her role, Winnie is focusing on advising clients on the practical implementation of new accounting standards.
Winnie has over 16 years of experience in the accounting profession. Before joining BDO, she was with the HKICPA as Associate Director of Standard Setting. Her key responsibilities at HKICPA involved taking lead in standard setting initiatives in HKFRS projects, handling HKFRS interpretation issues, liaising with regulatory bodies on HKFRS related matters, and providing training on the latest developments of accounting standards.
Winnie has extensive experience in providing assurance services. During her time with international firms, she worked with a wide range of clients including listed, privately owned groups as well as public sector clients.
Winnie is a Hong Kong Certified Public Accountant, Fellow member of the Institute of Chartered Accountants in England and Wales and Chartered Secretary.
This event will incorporate slides which you can view on a PC and audio broadcast technology which requires only the speakers in your device. Therefore, on the day, please ensure the audio volume of your device is turned up. You are recommended to log in the webinar (which will be provided by email after your successful registration) a few minutes before the webinar starts to make sure you have no problem with the connection.
Details are as follows:
||Friday, 20 November 2020
||09:30 – 12:30 (webinar session)
||Cantonese and English
||Free of charge
||This webinar is of particular relevance for preparers of HK/IFRS financial statements and CFOs who have to strategically manage financial reporting developments.
||3 hours (*The recognition of CPD hours by your professional organisations is subject to their CPD policies.)
||1. For any enquiries, please contact contact Cecilia Young at +852 2218 3760 or [email protected]
||2. Login information will be sent to you by email after successful registration.
||3. BDO reserves the final right of acceptance of registration.