25 Jul 2025 Practical considerations in applying HKFRS Accounting Standards on transactions relating to Assets

Jul 25, 2025

This webinar offers practical guidance on applying HKFRS standards to a wide array of asset transactions. It reviews HKAS 16 on property, plant and equipment, HKAS 38 on intangible assets and HKAS 41 on agricultural assets, while also addressing emerging categories such as crypto-assets and gold bullion. Participants will gain clarity on recognition and measurement principles, impairment testing, revaluation models and disclosure requirements across these diverse asset classes.

Discussions will focus on the following transactions:

HKAS 16 – Property, Plant, and Equipment

▪️Exchange of Property, Plant and Equipment (Non-monetary exchange of PPE)

▪️Repairs and maintenance (expenses vs additions of PPE)

▪️Capitalization threshold consideration (expenses vs additions of PPE)

▪️Land lease extensions by the HKSAR Government

▪️Idle Property, Plant and Equipment

HKAS 38 – Intangible Assets

▪️Cloud-based arrangements / Software as a Service (SaaS)

HKAS 41 - Agriculture

▪️Brief introduction

Others:

▪️ Crypto assets

▪️ Investments in gold bullions

Event Details:

Date: 25 July 2025 (Friday)

Time: 7:00 pm – 8:30 pm

Channel: Zoom webinar

Language: Cantonese (with English slides).

Fee: $100 for AWAHK members & colleagues; $150 for non-members

CPD: 1.5 Hours

Speakers:

Mr. Kenneth Lau , Partner, Crowe (HK) CPA Limited

Kenneth has over 25 years of experience in providing audit and assurance services for listed and private entities, including IPOs and merger and acquisition engagements.

Kenneth is a Council Member and Past President of the Society of Chinese Accountants & Auditors. He holds the position as the Deputy Chairman for both Financial Reporting Standards Committee (“FRSC”) and the Small and Medium Practices Committee (SMPC)’s Technical Issues Support Group (“TISG”) of the HKICPA. Kenneth also serves as a member of the Financial Reporting Review Panel of the AFRC.

Ms. Candy Ng , Senior Manager, Crowe (HK) CPA Limited

Candy has over 20 years of experience in providing audit and assurance services for listed and private entities.

Candy is a Council Member and a Member of the Environmental, Social & Governance (ESG) Committee of AWAHK