HKAS40 - Investment in Property - Workshop 2017

This workshop aims to give you insights on the overview of HKAS 40 Investment Property. It will be based on the current financial reporting standards applicable in Hong Kong and will focus on the practical application to this standard.

Key topics covered:

  • Objective and scope of HKAS 40
  • Initial recognition and measurement
  • Subsequent measurement
  • Cost model
  • Fair value model
  • The interaction between HKAS 2 Inventories, HKAS 16 Property, Plant and Equipment and HKAS 40 Investment Property
  • Accounting for derecognition
  • Disclosure

Trainer profile:

Kamsuo Wong, MA LLM MBA FCPA(Aust.) CPA(HK) CPFA (UK)

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.

Learning objectives

  • Understand the nature of investment property
  • Understand initial measurement and recognition criteria
  • Alternative measurement subsequent to initial recognition
    - The cost model
    - The fair value model
  • Understand the factors to consider when selecting measurement models
  • Accounting treatment at the change in use (transfer to, or from, investment property)
  • Accounting for derecognition
  • Implement the disclosure requirements of HKAS 40


This workshop is suitable for accountants and finance professionals to gain knowledge of HKAS40. Those who are interested in this topic are welcome to attend.

3 hours