Technical update on HKFRS/IFRS 9: Financial Instruments (Re-run)

2018-08-24

香港商界會計師協會將於2018年8月24日再次舉辦有關香港財務報告準則/ 國際財務報告準則第9號的研討會,請參閱以下活動內容(英文版本):

Date:       24 August 2018 (Friday)
Time:    6:15pm - 7:00pm (Registration and Networking)
                7:00pm - 8:30pm (Seminar Time) (CPD: 1.5)
Venue:     PwC Conference Centre, 21/F Edinburgh Tower, The Landmark,    
                  15 Queen’s Road Central. Hong Kong
Language: Cantonese
Speaker: Ms. Edith Wong – Director of Assurance, PwC
Quota:       100
Fee:        Free for HKBAA Members ($50 for Non-members)


Content:

Effective on and after 1 January 2018, HKFRS/IFRS 9 was developed to make financial reporting for financial instruments more relevant and understandable. The reforms introduced by HKFRS 9 are consistent with requests from the G20, the Financial Stability Board and Others. 
 
HKFRS 9 brings together the classification and measurement, impairment and hedge accounting phases of the IASB’s project to replace HKAS 39 Financial Instruments: Recognition and Measurement. 
 
HKFRS 9 is built on a logical, single classification and measurement approach for financial assets that reflects the business model in which they are managed and their cash flow characteristics. 
 
Built upon this is a forward-looking expected credit loss model that will result in more timely recognition of loan losses and is a single model that is applicable to all financial instruments subject to impairment accounting. 
 
In addition, HKFRS 9 addresses the so-called ‘own credit’ issue, whereby banks and others book gains through profit or loss as a result of the value of their own debt falling due to a decrease in credit worthiness when they have elected to measure that debt at fair value. 
 
HKFRS 9 also includes an improved hedge accounting model to better link the economics of risk management with its accounting treatment.
 
Speaker’s Bio
 
Edith is a Director in PwC’s Financial Services Risk and Regulation Team in Assurance Practice in Shenzhen and Hong Kong. She has over 14 years of professional experience in China and Hong Kong. Edith provides both assurance and advisory services to a wide range of financial institutions, specialising in banking, insurance, securities and capital market. She has accumulated extensive expertise in advisory services for IFRS 9 for insurers, banks, securities brokers and asset managers. She is also familiar with securities trading, treasury, corporate and retail credit, branch operations, financial reporting and regulatory compliance including capital rules and liquidity rules under Hong Kong Monetary Authority’s and Securities and Futures Commission’s regimes.
 
Online Registration
Individual Member:Google Link https://goo.gl/forms/A9gunk7uij6iG5lu2
Corporate Member Registration Form
 
Non-member Registration
 
Registration Deadline: 20 August 2018 (Monday)
 
** Confirmation email would be sent after the date of deadline
Enquiries: Tel: (+852) 3703 6511 / (+852) 3703 6512
E-mail:enrol@hkbaa.hk  / member@hkbaa.hk