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.

My Offerings

Overview

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.

Objectives

  • 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

Audience

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

Details

100053751

3 hours

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