FRS updates for reporting - Workshop 2020

The workshop aims to provide you with a detailed overview of leases accounting treatment under the new “HKFRS 16 Leases” which is mandatory effective for accounting period beginning on or after 1 January 2019.

My Offerings


One of the main roles of professional accountants is to prepare financial information with integrity for intended users to make decision. Understanding the updated accounting standards is essential for finance professionals to maintain competence and due care. The workshop aims to enhance your understanding of the new accounting standard – HKFRS 16 Leases with practical examples illustration and to discuss the main improvements in the revised Conceptual Framework.

Key topics covered:

  • Objective and Scope of HKFRS 16
  • Recognition exemptions
  • Accounting for leases in book for lessee
  • Accounting for leases in book for lessor
  • Sales and leaseback transactions
  • Key disclosures requirements
  • Main improvements in the revised Conceptual Framework

Trainer profile:

Polly Lo, CPA, MFA and Lecturer of Kaplan Financial

Polly is a CPA with several years auditing working experience in one of the Big 4 firms in Hong Kong. She is experienced in providing external audit assurance service to Hong Kong listed companies in retail, manufacturing and telecommunication business sectors. She also has an extensive experience in delivering professional examination trainings such as CPA Australia Ethics and Governance and Advanced Audit and Assurance to the public as being a full-time lecturer of Kaplan Financial.


  • Identify HKFRS 16 Leases accounting principles and disclosure requirements
  • Apply the principles learned throughout the course in a practical setting
  • Calculate relevant amounts for inclusion in the financial statements, observing the principles contained in the HKFRS 16 Leases
  • Identify the main improvements in revised Conceptual Framework


This workshop is suitable for accountants and anyone who need to enhance their understanding on the new accounting standards - HKFRS 16 Leases and the key improvements in revised Conceptual Framework.



3 hours

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