Special accounting considerations for intangible assets

This workshop aims to provide you with an overview of three important accounting standards: HKAS 38 Intangible assets, HKAS 23 Borrowing costs, and HKFRS 5 Non-current assets held for sale and discontinued operations.

This workshop will explore the objectives, scope, recognition criteria, measurement, and disclosure requirements of each standard, covering accounting treatments for research and development costs, website costs, derecognition, and borrowing costs. It will also address classification, measurement, and presentation issues related to non-current assets held for sale and discontinued operations with practical examples.

Key topics covered:

HKAS 38 Intangible assets

• Understanding the objective and scope of HKAS 38
• Understanding the recognition criteria and measurement
• Accounting for research and development costs
• Accounting for website costs
• Accounting for derecognition
• Understanding the disclosure requirements of HKAS 38

HKAS 23 Borrowing costs

• Understanding the objective and scope of HKAS 23
• Understanding the recognition criteria
• Understanding the disclosure requirements of HKAS 23

HKFRS 5 Non-current assets held for sale and discontinued operations

• Understanding the objective and scope of HKFRS 5
• Understanding conditions to classify assets as non-current assets held for sale
• Understanding the measurement
• Understanding the presentation of non-current assets held for sale
• Discussion of discontinued operations

Trainer:

Polly Lo
CPA, MFA and Lecturer at Kaplan Financial

Polly is a CPA with several years' auditing work experience at one of the Big 4 firms in Hong Kong. She is experienced in providing external audit assurance services to Hong Kong listed companies in the retail, manufacturing, and telecommunications business sectors.

She also has extensive experience delivering professional examination training sessions, such as CPA Australia Ethics and Governance, Advanced Audit, and Assurance and Financial Reporting of other professional examination bodies to the public and being a lecturer at Kaplan Financial.