27 June / 27 July / 24 August 2023 Revisit of Business Combination

Jun 9, 2023

Revisit of Business Combination – 27 June (Tue)/27 July (Thur)/24 August (Thur) 2023

**27 June 2023 (Tuesday)- Revisit of Business Combination (Part 1 of 3) – Overview & Latest Updates

Businesses often expand by acquisitions and operate through setting up different entities. The group financial statements become important reports that summarize the performance of the groups as single economic entities.

HKFRS 3 (Revised) Business Combinations that provides guidelines on preparing the group financial statements is complex to apply.

Areas to be covered in this seminar: 1. HKFRS 10 – Consolidated Financial Statements 2. HKFRS 3- Acquisition method and the latest update 3. Measurement period adjustments 4. Treatment of full/partial goodwill and gain on bargain purchase

**27 July 2023 (Thursday)- Revisit of Business Combination (Part 2 of 3) – Step Acquisition

Shareholdings in investees may build up gradually until the holding company achieves ultimate control. This is referred to as step acquisition. An increase in shareholdings in investees may or may not lead to the acquisition of subsidiaries.

Areas to be covered in this seminar: 1. Treatment of step acquisitions 2. Increases in shareholdings that do not lead to the acquisition of subsidiaries 3. Contingent consideration 4. Merger Accounting

**24 August 2023 (Thursday)- Revisit of Business Combination (Part 3 of 3) – Loss of Control

A decrease of shareholdings in subsidiaries may or may not lead to the loss of control in subsidiaries. When control is lost, this has been referred to as 'crossing an accounting boundary' and a gain or loss on disposal is normally calculated. On the contrary, when control is retained, it is not considered as the disposal of a subsidiary. Instead, it is accounted for as equity transactions.

Areas to be covered in this seminar: 1. Treatment of loss of control of subsidiaries 2. Decreases in shareholdings that do not lead to the loss of control of subsidiaries 3. Deemed disposals of subsidiaries 4. HKAS 27 (Revised) Consolidated and Separate financial statements

Event Details Date: 27 June 2023, 27 July 2023 & 24 August 2023

Time: 7.00pm to 8.30pm

Fee: HK$100/per webinar for AWAHK members; HK$150/per webinar for non-members

CPD Hours: 1.5 hours per session

Language : Cantonese

Speaker Profiles:

Eunice Chu, CPA, EC Training & Advisory Limited

Eunice Chu is an experienced corporate trainer. Equipped with profound knowledge of International/Hong Kong Financial Reporting Standards (I/HKFRS), Eunice is a reputable and well-respected speaker of technical seminars and training to the commercial sector, the finance community, universities, government officers and corporates of Hong Kong, Macao, Vietnam, Cambodia and Asia.

She is the founder of EC Training and Advisory Ltd and Eunice Chu CPA & Co, which delivers professional training and advisory services to the accounting community through ACCA, the Society of Chinese Accountants and Auditors (SCAA), the Association of Women Accountants (Hong Kong) Limited (AWAHK), the Shanghai National Accounting Institute, the government of Macao and Hong Kong. She also maintains an online education platform http://learning.eunicechu.com.

Currently, she is a Senior Lecturer at Kaplan Hong Kong. She is also the Committee Member of ACCA Hong Kong, a Council member of AWAHK, the Chairman of the Professional Development Committee of AWAHK, the Training Committee of SCAA and the Hong Kong Association of Professional Accountants (HKAPA).

Prior to that, Eunice was the Head of Policy of ACCA Hong Kong, and Regional Finance Director of the Asia Pacific Region of Sony Music Asia Inc and Revlon Inc. She had also worked as an auditor at PricewaterhouseCoopers.

She holds a Master's and Bachelor's degree in Business Administration from the University of London and the Chinese University of Hong Kong respectively. She is a member of ACCA, HKICPA, ISCA, SCAA, AWAHK and HKAPA.

To register, please click https://docs.google.com/forms/d/e/1FAIpQLSeaZtEMWOCAoJJgoZyb_pwrwPAvyMERUwNSV-8C2ozmHdBYQA/viewform