Highlights

Year-End Financial Reporting for 2024: Standards Changes and Challenges

As accountants diligently prepare and finalize financial reports for companies with a year-end of 2024, timely guidance is essential. The Hong Kong Institute of Certified Public Accountants (HKICPA) published a pertinent paper, 'Financial Reporting Considerations for Closing Out 2024', in February 2025, providing the industry with valuable insights and support. 

This webinar will distill the main points from this important document, focusing on the essential financial reporting considerations that affect the closing process for 2024. These include:

A. Amended HKFRS Accounting Standards mandatorily effective on 1 January 2024 

• HKAS 1 Presentation of Financial Statements
• HKFRS 16 Leases
• Amendments to HKAS 7 and HKFRS 7: Supplier Finance Arrangements

B. Topical issues

1. Macroeconomic uncertainties and their financial reporting implications
2. Accounting implications of recent updates on laws and regulations
3. Climate-related matters on financial reporting and connectivity

Speaker(s)

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

Eunice Chu is an experienced corporate trainer. Equipped with profound knowledge on International/Hong Kong Financial Reporting Standards (I/HKFRS), Eunice is a reputable and well-respected speaker of technical seminars and trainings to the commercial sector, 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 to the accounting community through ACCA, the Society of Chinese Accountants and Auditors (SCAA), the Association of Women Accountants (Hong Kong) Limited (AWAHK), Accounting Development Foundation (ADF), the University of Mansford, the government of Macao and Hong Kong. It also maintains an online education platform http://learning.eunicechu.com.

Currently, she is the Committee Member of ACCA Hong Kong, Council member of SCAA and AWAHK.

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

She holds a Master and Bachelor 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 and AWAHK.