HKAS 16 and HKAS 23 - property, plant and equipment , borrowing costs - Workshop 2018

My Offerings


This workshop will introduce the participants detailed overview of HKAS 16 Property, Plant and Equipment and HKAS 23 Borrowing Costs. This workshop will also be based on the current financial reporting standards applicable in Hong Kong and focus on the practical application to this standard.

Key topics covered:

Property, Plant and Equipment (HKAS 16)

  • Objective and scope of HKAS 16
  • Initial recognition and measurement
  • Subsequent measurement
    - Cost model
    - Revaluation model
  • Factors to consider when choosing which measurement model to apply
  • Accounting for derecognition
  • Disclosure

Borrowing Costs (HKAS 23)

  • The determination of which expenses constitute borrowing costs
  • The determining criteria for qualified assets
  • Eligibility of borrowing costs for capitalisation
  • Timing in commencing capitalisation of borrowing costs
  • The issues relating to suspension and cessation of capitalisation of borrowing costs
  • Disclosure

Trainer profile:

Kamsuo Wong, MA LLM MBA FCPA(Aust.)

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 property, plant and equipment
  • Understand initial measurement and recognition criteria
  • Understand alternative measurement subsequent to initial recognition
    - The cost model
    - The revaluation model
  • Know the factors to consider when selecting measurement models
  • Understand Accounting for derecognition
  • Know the implement the disclosure requirements of HKAS 16
  • Understand the determining criteria for qualified assets
  • Understand the eligibility of borrowing costs for capitalisation
  • Understand the commencement, suspension and cessation of capitalisation
  • Understand the Disclosure in respect of borrowing costs


This workshop is suitable for accountants, finance professionals and anyone who wants to gain knowledge in HKAS 16 and HKAS 23.



3 hours