HKFRS 16 - Leases - Workshop 2019

This workshop aims to provide you an insight and guidance into HKFRS 16 “Leases”. It will cover the key principles of the new lease accounting model for lessees, which is one of the key changes introduced by the new standard. The workshop will also highlight some of the other areas of change under the new standard and will provide a refresher on the principles of lease accounting for lessors, which remains substantially unchanged from HKAS 17.

My Offerings


The new leases standard, HKFRS 16 “Leases”, impacts lessee accounting quite significantly as a lessee will no longer be required to make a distinction between finance leases (on balance sheet) and operating leases (off balance sheet). Instead, the new model will require lessees to bring almost all leases on balance sheet (with some exemptions).

For lessors, the accounting is substantially unchanged from HKAS 17. However, other changes introduced by the new standard - such as the new lease definition - are still relevant to lessors and so it is important for lessors to also understand the key changes introduced by the new standard and the possible impact that these changes may have on their business.

In this workshop, the speaker will cover lease accounting for both lessees and lessors, as well as some of the key areas of change under the new standard, including the new guidance on the definition of a lease and the new accounting requirements for sale and leaseback transactions.

Key topics covered:

  • Scope of HKFRS 16
  • Classification of lease and criteria under HKFRS 16
  • Lessee accounting
    - Simplified accounting
    - Lessee accounting model
    - Lease modifications
  • Lessor accounting
    - Classification of finance leases and operating leases
  • Accounting for leasehold property (land and building)
  • Accounting for leasehold investment property
  • Sale and leaseback
  • Disclosure

Trainer profile:

Kamsuo Wong MA, LLM, MBA, FCPA(Aust.)

With three Master’s degrees under his belt, Kamsuo Wong, a candidate for a Doctorate degree of Education, is highly regarded as a multi-faceted academic backed by over fifteen years of extensive professional experience in accounting. He is a professional accountant in Hong Kong, United Kingdom and Australia and the member of Hong Kong Institute of Certified Public Accountants (CPA), Chartered Institute of Public Finance and Accountancy (CPFA), and CPA Australia (FCPA). He is also the Expert Council Advisor of International Financial Management Association. He is currently the Assistant Professor of Centennial College (an independent College established by University of Hong Kong), Adjunct Lecturer at a number of universities and tertiary education institutions.


  • Describe the definition of a lease contract and how to identify a lease contract
  • Apply the recognition and measurement requirements of HKFRS 16 for both lessee and lessor accounting
  • Explain the impact of lease modification and sale and leaseback transactions
  • Demonstrate judgement in common areas of complexity in lease contracts for both lessees and lessors (such as the determination of
  • lease payments and lease term)
  • Understand the key areas of change under HKFRS 16 compared to HKAS 17


This workshop is suitable for finance professionals who are involved in external reporting, financial management, financial accounting or auditing. Other users of financial information will also find the seminar beneficial.



3 hours

System is currently experiencing issues and we are working on a solution. If you encounter an error, please come back shortly and try again.