Online seminar: HKFRS 16 Leases and the recent amendment


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

  • Mr. Jacky Lai, Partner, Ernst & Young
  • Mr. Roy Leung, Partner, KPMG 
(Please click here for speakers’ bio)

Language:  Cantonese
Fee:            Free for HKBAA Members
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.
Individual member registration:
Corporate member group registration:
Deadline: 21 October 2020 (Wednesday)
Tel:  3792 0952/ 3792 0951 (HKBAA Secretariat)
          2593 2389/ 9192 3166 (Ms. Gogo Ko, Vice President and Convenor of
                                                Professional Development Committee)

Hong Kong Business Accountants Association
Professional Development Committee