Highlights

The Small and Medium-sized Entity Financial Reporting Standard (SME-FRS) is widely used in Hong Kong by private companies that satisfy a number of criteria. Compared to the Hong Kong Financial Reporting Standards (HKFRS), they differ in a number of ways in terms of application, classification and measurement. 

In this webinar, a number of examples will be used to illustrate the key differences between SME-FRS and HKFRS, with a particular focus on the business combination. The following areas will be covered:

1. Application criteria of the SME FRS and size test
2. Comparison of group financial reporting, consolidation requirements

Highlight the top five applications' differences, including leases, borrowing costs, investment properties, intangible assets, and revenue recognition.

Speaker(s)

Ms. Eunice Chu, CPA, EC Training & Advisory Limited

Eunice Chu is an experienced corporate trainer. Equipped with profound knowledge of International/Hong Kong Financial Reporting Standards (I/HKFRS), Eunice is a reputable and well-respected speaker of technical seminars and training to the commercial sector, the finance community, universities, government officers and corporates of Hong Kong, Macao, Vietnam, Cambodia and Asia. 

She is the founder of EC Training and Advisory Ltd and Eunice Chu CPA & Co, which delivers professional training and advisory services to the accounting community through ACCA, the Society of Chinese Accountants and Auditors (SCAA), the Association of Women Accountants (Hong Kong) Limited (AWAHK), the Shanghai National Accounting Institute, the government of Macao and Hong Kong. She also maintains an online education platform http://learning.eunicechu.com.

Currently, she is a Senior Lecturer at Kaplan Hong Kong. She is also the Committee Member of ACCA Hong Kong, a Council member of AWAHK, the Chairman of the Professional Development Committee of AWAHK, the Training Committee of SCAA and the Hong Kong Association of Professional Accountants (HKAPA).

Prior to that, Eunice was the Head of Policy of ACCA Hong Kong, and Regional Finance Director of the Asia Pacific Region of Sony Music Asia Inc and Revlon Inc. She had also worked as an auditor at PricewaterhouseCoopers. 

She holds a Master's and Bachelor's degree in Business Administration from the University of London and the Chinese University of Hong Kong respectively. She is a member of ACCA, HKICPA, ISCA, SCAA, AWAHK and HKAPA.