HKAS17 - Leases - Workshop 2017

My Offerings


This workshop will give you insights on the overview of HKAS 17 Leases. It will be based on the current financial reporting standards applicable in Hong Kong and will focus on the practical application to measure lease. An introduction of lease accounting reforms will also be covered.

Key topics covered:

  • Economical view of lease
  • Common leasing structures
  • Classification of lease and criteria under HKAS 17
  • Accounting treatment for finance lease and operating lease
  • Accounting for leasehold property (land and building)
  • Determination of the length of lease term in respect of HK land leases (HK-Int 4)
  • Accounting for leasehold investment property
  • Sale and leaseback
  • Manufacturer/dealer lessors
  • Disclosure
  • New lease accounting review (HKFRS 16)

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

  • Discuss the characteristics of a lease
  • Explain the difference between a finance and operating lease
  • Use HKAS 17 to correctly classify leases
  • Discuss the incentives to misclassify leases
  • Account for finance leases from the perspective of both lessee and lessor
  • Account for finance leases by manufacturer or dealer lessors
  • Account for operating leases from the perspective of both lessee and lessor
  • Recognise and account for sale and leaseback transactions
  • Discuss possible future changes to lease accounting
  • Update on HKFRS 16 and its implications


This workshop is suitable for accountants and finance professionals to gain knowledge of HKAS17. Those who are interested in this topic are welcome to attend.



3 hours