3 Sep 2024 Leveraging Technology to Navigate the Post-Offsetting MPF-LSP Accounting Landscape

Aug 7, 2024

The accounting treatment of the abolition of the MPF-LSP offsetting mechanism can be significantly streamlined through the implementation of simple digital solutions

In this webinar, the speakers explored innovative digital tools that leverage just a few key parameters to assist organizations in accurately forecasting and calculating the required provision for long-service payments.

By harnessing the power of technology, finance professionals learned how to handle the complex accounting work involved in the post-offsetting era with greater efficiency and ease.

The speakers

a. Briefly explained the accounting treatment provided by the education guidance of HKICPA

b. Demonstrated how these digital solutions can automate tedious tasks, minimize the risk of errors, and provide real-time visibility into the financial implications of the MPF-LSP offsetting abolition.

Speakers:

Lee Kwok Tung

Lee Kwok Tung (ATung) is a visionary digital strategist who led the digital transformation of four major listed companies in Hong Kong, China, and Asia, focusing on e-commerce growth. He drives transformative change by revolutionizing business processes and corporate cultures with cutting-edge technology. Acting as a bridge between mainstream and emerging technologies, he drives innovation and exceptional results. Currently, he is exploring no-code AI platforms for robotic process automation and enhancing e-business formations. He runs a YouTube channel and online tutorials dedicated to sharing his knowledge. His dedication to embracing technological advancements reflects his commitment to providing sustainable solutions for organizations in the digital age.

Eunice Chu, CPA

Eunice 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 a Committee Member of ACCA Hong Kong, a Council member of AWAHK, the Co-Chairman of the Professional Development Committee of AWAHK, a member of 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.