Preparing consolidated financial statement (HKAS 2 & 36) - Workshop 2016

The program will introduce the participants to a detailed overview of HKAS 2 Inventories and HKAS 36 Impairment of Assets. The program will be based on the current financial reporting standards applicable in Hong Kong and will focus on the practical application to measure inventories, property, plant and equipment, and intangible assets.

The program outline will include:
Inventories (HKAS 2)
• Fundamental principle of HKAS 2
• Measurement of inventories
• Procedure to ascertain cost
• Cost for work-in-progress
• Disclosure

Impairment of Assets (HKAS 36)
• Objective of HKAS 36
• Indications of impairment
• Determining of recoverable amount
• Identification of cash generating unit (CGU)
• Impairment of CGU
• Disclosure

Language: Cantonese supplemented with English

Learning objectives

The learning outcomes of the program include:
• Understanding the financial reporting standards on HKAS 2 Inventories and HKAS 36 Impairment of Assets
• Application of reporting standards in Hong Kong
• Hear insights from the following subject matter expert:

Mr Kamsuo Wong, FCPA (Aust.)
Mr Kamsuo Wong, FCPA (Aust.), CPA (HK), CPFA (UK), MA, LLM, MBA is highly regarded as a multi-faceted academic with over 15 years of extensive professional experience. He is currently a part-time lecturer at a number of universities and tertiary institutions for the subjects of Financial Reporting, Financial Management and Business and Company Law.  Mr Wong has gained a number of professional qualifications in Hong Kong, Australia and United Kingdom.


This program is suitable for Finance Managers, Financial Accountants, Cost accountants, Management Accountants, Financial Auditors, Financial Analysts and users of financial statements

3 hours