Online seminar: HKFRS 16 Leases and the recent amendment
2020-10-23
HKFRS 16 Leases became effective for annual periods beginning on or after 1 January 2019. It replaces HKAS 17 Leases and the related Interpretation HK(IFRIC)-Interpretation 4 Determining whether an arrangement contains a lease. The new Standard introduces a single lessee accounting model that will require lessees to recognise assets and liabilities for all leases with limited exceptions.
In June 2020, the HKICPA issued Covid-19-related rent concessions, an amendment to HKFRS 16. The amendment permits lessees, as a practical expedient, not to assess whether particular rent concessions occurring as a direct consequence of the Covid-19 pandemic are lease modifications and instead to account for those rent concessions as if they were not lease modifications. This amendment does not affect lessors.
The Hong Kong Business Accountants Association (HKBAA) will hold an online seminar on 23 October 2020 (Friday) on the topic “HKFRS 16 Leases and the recent amendment”, details of which are as follows:
Date: 23 October (Friday)
Time: 6:30 pm – 8:00 pm (*CPD: 1.5)
*Remarks: require to login and join the whole seminar
Speaker:
- Mr. Jacky Lai, Partner, Ernst & Young
- Mr. Roy Leung, Partner, KPMG
Language: Cantonese
Fee: Free for HKBAA Members
Contents
This webinar will provide an overview of the key accounting requirements of HKFRS 16. It will share with participants some practical issues in applying HKFRS 16 using real-life scenarios and discuss how to apply the requirements to these scenarios.
This webinar will also cover the amendment to HKFRS 16 and walk through with participants how to apply the amendment to common real-life examples.
Registration
Individual member registration: https://forms.gle/9EpUvBTnjWdYB5CSA
Corporate member group registration：http://www.hkbaa.hk/uploads/editor/5874537bb2337.pdf
Deadline: 21 October 2020 (Wednesday)
Enquiries
Tel： 3792 0952/ 3792 0951 (HKBAA Secretariat)
2593 2389/ 9192 3166 (Ms. Gogo Ko, Vice President and Convenor of
Professional Development Committee)
E-mail：member@hkbaa.hk
**於截止報名日期後，本會秘書處將根據網上報名資料以電郵發送確認報名通知及介紹網路視頻研討會的登入資料及方法。
Hong Kong Business Accountants Association
Professional Development Committee