CPD – 1808 US GAAP vs HKFRS/IFRS – Updates and Comparatives in Significant Areas

The accounting standards under both US GAAP and HKFRS/IFRS are both intriguing and complex. In most cases, the standards are consistent with each other; but in many other cases there are significant differences. We will focus on the major and relevant standards, drawing your attention to these differences and in addition to understand how 3rd parties like rating agencies are addressing issues like analytical adjustments and the treatment of derivatives and hybrids.

The course will cover:
-Business Combinations, Goodwill and Intangibles
-Distinguishing Debt and Equity Instruments
-Updates on views taken by Rating Agencies – Analytical Adjustments and ‘Equity Credit’
-Derivatives and Hedging

Information
Date:       17 June 2009 (Wednesday)
Time:       09:30 am – 4:30 pm
Language:English
CPD:       6 Hours

Fee: HK$2,800 (member)  HK$ 3,500 (non-member)
Early bird 15% discount  (deadline 18 May 2009)

CPD – 1810 HKAS, HKFRS, Financial Statement Analysis and Fair Value Accounting - learning lessons of the subprime issue

The adoption on fair value accounting has brought new attention to preparing financial statement on how assets and liabilities should be recognized. Any impact on the change of economic environment will now be easily exposed, for instance the sub prime issue is a one of the lesson that we should learnt from. This course is aim to focus on how fair value accounting is affected financial statements of a company.

The course will cover:
- The regulations and standard setters
- Summary of the main principles of key HKFRS/HKAS include:
•Presentation of Financial Statements (HKAS 1, 7, 8 and 24)
•HKFRS 5 Non-current Assets Held for Sale and Discontinued Activities
•Business Combinations (overview)
•Associates and Joint Ventures
•Property Plant and Equipment
•Intangible assets
•Provisions, Contingent Liabilities and Assets
•HKAS 32 and 39 Financial Instruments (overview)
•HKFRS 2 Share Based Payments (overview)
- Latest update on current issues

Information
Date:         18 June 2009 (Thursday)
Time:         09:30 am – 4:30 pm
Language: English
CPD:         6 Hours

Fee: HK$2,800 (member)  HK$ 3,500 (non-member)
Early bird 15% discount  (deadline 18 May 2009)

Corporate Finance

CPD – 1701 Strategic Investment Analysis and Valuation across asset classes: An Auditors Perspective – Stocks, Bonds, Options, Structured Investment Products, M&A, Private Equity and Hedge Funds

This workshop is designed to meet market and regulatory demand for accurate accounting and reporting techniques for financial markets securities and various derivative products.  Participants will analyze the various types of financial markets products, corresponding derivatives, along with their accounting, credit and associated risks.  The key focus of the workshop will be on the accounting treatment and the risk implications of each product within the overall treasury accounting framework.

In this workshop, you will learn to:

-Gain an understanding the general treasury accounting framework
-Understand derivatives – Forwards, Futures, Options, Repos
-Trading, Hedging and Speculating
-Valuation – Fair Value practice of valuing derivatives
-Gain an understanding of HKAS 39 and Hedge Accounting
-Accounting for derivative instruments
-Risk Assessment and management strategies for derivatives

The course will cover:
-General Accounting Framework for Securities
-Understanding Derivatives
-The Fair Value practice of measuring Derivatives
-Hedge Accounting
-Derivative instruments + Accounting
-Scandals + External Reporting Issues
-Value adding with Internal Reporting
-The Accounting tasks in Risk Assessment and Management
-Workshop Summary and Conclusion

Information
Date:        19 June 2009 (Friday)
Time:        09:30 am – 4:30 pm
Language: English
CPD:        6 Hours

Fee: HK$2,800 (member)  HK$ 3,500 (non-member)
Early bird 15% discount  (deadline 18 May 2009)