Accounting for HKFRS 9 - Workshop 2019

This workshop aims to provide you with an understanding of applying the recognition and disclosure requirements for financial instruments as required by the new HKFRS 9 Financial Instruments, along with HKFRS 7 Financial Instruments: Disclosure and HKAS 32 Financial Instruments: Presentation.

Key topics covered:

• What are financial instruments?
• Definition of a financial instrument
• Liability or equity
• Instruments that are a mix of liability and equity
• Contracts to buy or sell non-financial items
• Derivative financial instruments
• Recognition and derecognition of financial assets and financial liabilities
• Classification of financial assets and financial liabilities
• Initial measurement
• Subsequent measurement of financial assets
• Impairment of financial assets
• Impairment of financial assets carried at amortised cost
• Subsequent measurement of financial liabilities
• Investments in equity securities
• Liabilities designated at fair value through profit or loss
• Compound financial instruments
• Hedging relationships
• Accounting for hedging relationships
• Special accounting rules
• Assessing hedge effectiveness
• Discontinuing hedge relationships
• Increased disclosures
• Disclosure issues

Trainer profile:

Cheung Pat Yan Jacky CPA (Aust.), Lecturer, The Open University of Hong Kong

Jacky is a member of CPA Australia, and lecturer teaching financial reporting and management accounting in the Open University of Hong Kong.

• Identify primary and derivative financial instruments
• Recognise the criteria for the recognition and derecognition of financial assets and financial liabilities associated with financial instruments
• Demonstrate the approach to the classification, reclassification and measurement of financial assets and financial liabilities
• Apply the fair value hedge and cash flow hedge methods
• Operate measures and recognise financial instruments in the financial statements under HKFRS 9 and HKAS 32
• Execute the key disclosures required for financial instruments under HKFRS 7

This workshop is suitable for accounting and finance professionals who prepare, read, audit and analyse financial statements.