HKFRS 16 became effective for accounting periods beginning on or after 1 January 2019. The standard has significant impacts on the accounting for leases across different industries, and its implementation requires new information and judgements. The standard may also have impact on different aspects of a business beyond accounting. In this seminar, Roy will discuss the implementation issues of HKFRS 16 with illustrative examples, and illustrate its potential impact on business. In addition, Alec and Kim Man, with their extensive experience as Professional Accountants in Business (PAIBs), will share their business perspectives on the key issues and challenges in implementing the new standard and practical insights on how to handle such issues in a panel discussion.
Roy Leung, Partner, Head of Accounting Change Advisory, KPMG
Roy has extensive experience in advising clients on GAAP conversion and the accounting and business implications of changes in accounting standards. He has served clients from a variety of sectors including retail, manufacturing, utilities, real estate, logistics and transportation. Roy is a regular speaker on financial reporting, capital markets and corporate governance. He is a member of the Council of the Hong Kong Institute of Certified Public Accountants, as well as a member of the Departmental Advisory Committee of the Accountancy Department of the City University of Hong Kong. Roy is also a member of the Chinese Institute of Certified Public Accountants.
About the Panelists:
Alec is a Chartered Accountant qualified with KMPG in London. He had held various senior finance positions in MNCs including the Group Finance Director of Dairy Farm, Jardine Pacific and Zung Fu covering business operations in many Asian countries, and the Group Treasurer of Jardine Matheson. He has extensive business experience in retailing, motor dealerships, restaurants, engineering and construction, logistics and transportation, IT distribution and solutions. He is a member of the Qualification and Examinations Board, Professional Accountants in Business Committee and Professional Development Committee of HKICPA. He is also an Adjunct Professor at The Hang Seng University of Hong Kong and had completed the Advanced Management Program at Harvard Business School.
Kim Man Wong is currently the Chief Financial Officer of Hong Kong Electric Investments. He has over 30 years of experience in financial management and accounting in Hong Kong and other countries. He holds a Bachelor’s and Master’s degree in Business Administration. He is also a member of HKICPA. He has actively involved in accounting education and professional development all these years. He is currently the Chairman of Accountancy Advisory Board of Lingnan University and the Chairman of Professional Development Committee of HKICPA. He is also a Panel Convenor of the Financial Reporting Review Panel of Financial Reporting Council.
||01:00 PM - 01:00 AM|
||Ming Hua Hall, 4/F., St. James' Settlement, No. 85 Stone Nullah Lane, Wanchai, Hong Kong|
CPD Hours: Completed CPD hours will be granted to attendees who have attended a full session of seminar. For those who have not attended full session, the number of CPD hours will be discounted accordingly. For the exact recognition of the CPD hours, please check with the respective Institute or Association. Bad Weather Arrangement: This event may be cancelled or re-scheduled when typhoon no.8 or black rainstorm warning is hoisted. Please refer to our website www.ADF.hk for the arrangement. Organizer: Accounting Development Foundation Limited (ADF)
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