20 June 2019 HKFRS Leases 16

Dec 20, 2017

20 June 2019 HKFRS Leases 16

The new lease accounting standard, HKFRS 16 Leases had been effective for annual periods beginning on or after 1 January 2019. It replaces HKAS 17 Leases and related interpretations including HK(IFRIC)-Interpretation 4 Determining whether an arrangement contains a lease. The new Standard introduces a single lessee accounting model that will require lessees to recognise assets and liabilities for all leases with limited exceptions. This will impact the balance sheet, income statement and cash flows of all companies with lease agreements regardless of the industry that the company operates in. Companies need to determine the extent of the accounting impact as soon as possible to manage the consequential business implications.


The seminar will cover key requirements of HKFRS 16 “Leases”, highlight areas that may result in a change in practice, and will include practical examples on hot topics such as determining discount rates and lease terms.


Event details:

Date : 20 June 2019 (Thursday)

Time : 7:00 – 8:30 pm

Venue : 6/F, 12 Taikoo Wan Road Taikoo Shing

Fee : $100 for AWAHK members, $150 for non- members

CPD : 1.5 hours

Language : Cantonese with English handouts


Speakers :

Kenneth Chan is a Partner of Deloitte China. He has extensive experiences in IFRS and US GAAP, and initial public offering experiences on Stock Exchange in Hong Kong and United States. He has been actively involved in various debt and equity offering activities in Hong Kong, the U.S. and Singapore. He also managed numerous accounting advisory projects, new lease standards implementation projects and multi GAAP conversion projects.


Please [e-register] immediately and send in your cheques payable to “AWAHK” (with the names of participant marked at the back of the cheque) to our office at 8/F, Chinachem Tower, 34-37 Connaught Road Central, Hong Kong.

Enrolment is made on a first come first served basis with priority to AWAHK members.

For further information, please contact AWAHK at 6229 9628.  You can also email to info@awahk.hk.