Continuing Professional Development (CPD) Programmes January 2005 Important Notice The Statement 1.500 Continuing Professional Development (CPD) was revised in September 2004 to reflect the consequential changes required as a result of the passage of the Professional Accountants (Amendment) Ordinance (PAO) 2004. Under the revised Statement, compliance with CPD requirements is now made one of the conditions for membership renewal under Section 28(2)(c) and 30(8)(a) and (b) of the PAO. Furthermore, the reporting period for CPD compliance has now been changed to the period covering 1 December of each year to 30 November of the following year. The first reporting period under this revised Statement should be from 1 December 2003 to 30 November 2004. For details, please refer to the HKICPA s homepage at http://www.hkicpa.org.hk under CPD. Members who require clarification regarding their CPD requirements or who have difficulties in complying with the CPD requirements, please call the Education and Training Department on 2287 7098 / 2287 7054. Seminars Fees for Seminar : HK$200 per HKICPA/ HKAAT Member HK$200 per International Affiliate (IA) HK$200 per HKICPA/HKAAT Student HK$330 per Non-member CPD Credit Hours : 2 hours Time : 6:30 p.m. - 8:30 p.m. Legal Issues Relating to Registration of Intellectual Property (IP) and its Tax Planning 5 January 2005 (Wed) Speakers : Ms. Yvonne Chua, Partner, Wilkinson & Grist, Hong Kong Ms Suzanne Wat, Partner, Tax Services, Technology, Info-Comms and Entertainment practice, PricewaterhouseCoopers Ltd. Target Audience : All interested parties Venue : Rooms 404-5, Level 4, Old Wing, Hong Kong Convention & Exhibition Centre This seminar will talk about the legal issues regarding the registration of IP as well as tax planning and other tax related issues on IP. Challenges of Mounting Changes in Workplace 6 January 2005 (Thur) Speaker : Ms. Susan So, Training Consultant, Family Therapist and Social Worker, Division Head of Professional Development, Yang Memorial Methodist Social Service Mr. Raymond Choy, Business Analyst and IT Consultant, Mobile Communication & Computing Target Audience : Professionals who are interested in the global trend of mounting workplace changes affecting their physical and psychological well-being Venue : Room 408, Level 4, Old Wing, Hong Kong Convention & Exhibition Centre This seminar adopts an interactive approach with simple self assessment to increase your understanding of your own physical, psychological and social well-being when facing mounting changes in workplace. Topics are as follows: Technology advances transforming our workplace in the last ten years Future trend in mobile technology affecting workplace changes Understand your position in waves of changes Human responses to changes: How it affects your physical, psychological and social well-being The psychological process of transition Facing changes gracefully with effective coping strategies 26 November 2004 1
Seminars (Cont d) Plan Ahead for a Fruitful Retirement 11 January 2005 (Tue) Speaker : Mrs. Ivy Lai, Head, Investor Education & Communications Department, Securities and Futures Commission, Hong Kong Target Audience : Executives who are not engaged in investment advisory work Venue : Plaza 5, Lower Lobby, Novotel Century Hong Kong, 238 Jaffe Road, Wanchai The seminar will discuss from an investor s perspective, issues that should be considered in retirement planning in light of increasingly complex investment products in the retail market. Discussions will focus on the following: General overview of the portfolio planning process Key features and risk characteristics of popular niche Consumerism in engaging investment advisory products (e.g. structured products, specialised funds and services investment linked assurance schemes) and some Cold calling scams common fallacies HKFRS 3 Business Combination and Related Amendments in HKAS 36 Impairment of Assets and HKAS 38 Intangible Assets 17 January 2005 (Mon) Speaker : Mr. Tommy H. K. Fung, Training & Technical Director, PricewaterhouseCoopers Target Audience : Accountants wishing to update themselves on recent developments in the interpretation of the Inland Revenue Ordinance Venue : Room 401, Level 4, Old Wing, Hong Kong Convention & Exhibition Centre These new standards are effective for accounting periods beginning on or after 1 January 2005. This seminar will cover the following topics: Overview of the main concepts for HKFRS 3 Business Combinations and related amendments to HKAS 36 Impairment of Assets and HKAS 38 Intangible Assets Implication for early application Discussion on specific topical areas, including assessment of impairment of goodwill, identification of intangible assets on business combinations, etc and their implementation issues Disclosure requirements and transitional arrangements A Review of Board of Review Cases Published in 2004 18 January 2005 (Tue) Speaker : Mr. David H. Southwood, Principal, Taxation Services, Grant Thornton Tax Limited Target Audience : Accountants wishing to update themselves on recent developments in the interpretation of the Inland Revenue Ordinance Venue : Everest Suite, Pacific Place Conference Centre, Level 5, One Pacific Place, 88 Queensway, Hong Kong The seminar will focus on the following: An overall review of the Board of Review cases published in 2004 An analysis of significant decisions relating to Profits Tax and Salaries Tax A review of Hong Kong Tax Cases published in 2004 2
Seminars (Cont d) HKFRS 5 Non-current Assets Held for Sale and Discontinued Operations 20 January 2005 (Thur) Speaker : Ms. Catherine Yuen, Manager, Technical Department, Ernst & Young Target Audience : Accountants, auditors and those who are interested Venue : Room 406-7, Level 4, Old Wing, Hong Kong Convention & Exhibition Centre HKFRS 5 was issued as part of the HKICPA s project to converge its financial reporting standards with IFRSs. This new standard fundamentally changes the existing approach to the reporting of discontinued operations and introduces a new classification of non-current assets (or disposal groups) held for sale. HKFRS 5 is effective for accounting periods beginning on or after 1 January 2005 and shall be applied prospectively. The seminar will cover the following: Principal approaches and new concepts of the Standard Classification of non-current assets (or disposal groups) as held for sale Presentation and disclosure requirements Recent Development of The Determination of Source of Profit as Reflected in Decided Cases 24 January 2005 (Mon) Speaker : Mr. Patrick K. W. Ho, Author of Hong Kong Taxation and Tax Planning Target Audience : Accountants, auditors, businessmen, financial managers, financial advisors and tax representatives Venue : Rooms 406-7, Level 4, Old Wing, Hong Kong Convention & Exhibition Centre The objective of this seminar is to go through the Hong Kong tax cases in the recent fifteen years, and find out how the concept on source of profit has been developed as reflected in the decided cases. The cases for discussion include Hang Seng Bank, TVB International, Euro Tech, Wardley Investment, Magna, Orion Caribbean, Emerson Radio, Indosuez W I Carr, Kwong Mile, Consco Trading, ING Baring Securities and advance ruling cases. Alternative Investment Market (AIM) 25 January 2005 (Tue) Speaker : Ms. Jane Zhu, Head of Asia Pacific, London Stock Exchange plc Target Audience : Those who are interested to know more about AIM Venue : Room 407, Level 4, Old Wing, Hong Kong Convention & Exhibition Centre The seminar will focus on the following: AIM - its unique attributes, recent development and growth prospects AIM, a market for international high growth companies Summary of AIM admission requirement and process Role of Nomad (Nominated Adviser) Role of stockbrokers Role of reporting accountants and solicitors Case study on some AIM listed companies What London Stock Exchange has to offer to the overseas companies 3
Seminars (Cont d) Knowledge Management for Business Survival 26 January 2005 (Wed) Speaker : Ms. Nancy Ling, Managing Partner, KM Business Institute Limited Target Audience : All interested parties Venue : Plaza 5, Lower Lobby, Novotel Century Hong Kong, 238 Jaffe Road, Wanchai The seminar will focus on the following: Adapting to the knowledge-based economy Weapon for competitive advantage Knowledge management to build corporate value Management Workshop Power Writing for Business Professionals Speaker : Mr. Paul Penfold, Training Consultant, SC Leaning, a subsidiary of Standard Chartered Bank Mr. Penfold has more than 10 years of training experience, specializing in tailored learning solutions for business and industry Target Audience : Business professionals with experience in business writing, who wish to upgrade their writing skills, polish their style, and develop versatility Dates : 15 & 22 January 2005 (Saturdays) Time : 9:00 a.m. 6:00 p.m. CPD Credit Hours : 16 Hours Venue : The Financial Career Institute, 12/F., Caroline Centre, 28 Yun Ping Road, Causeway Bay, Hong Kong. Fees : HK$3,000 per HKICPA/ HKAAT Member HK$3,000 per HKICPA or HKAAT Student HK$3,000 per International Affiliate (IA) HK$3,800 per Non-member With changing market demands, the ability to communicate effectively contributes significantly to one s work performance, job satisfaction, self-confidence and overall well being. This programme will enable you to master the power of modern business writing. Upon completion of the workshop, participants will be able to: Articulate and apply the characteristics of modern business writing Execute different types of writing Analyze and critique own and others writing: recommend improvement This is a 16-hour interactive workshop aided by group discussion and case study: The four characteristics of modern business learning - clear, concise, confident, engaging Writing techniques to apply these characteristics to your writing Writing strategies for common business scenarios How to organize information so your message stands out Developing versatility style, tone, levels of formality Different types of writing how to present information clearly and attractively, how to motivate people persuasively, how to write positive information and maximize goodwill, how to write negative information and minimize damage Best practices in business writings 4
Technical Workshop Due Diligence Speaker : Ms. Judy Tsang, B.A., MBA, MSc, CPA (HK), FCCA, CPA (Australia) Ms Tsang has extensive experience working and managing due diligence engagements, particularly for multinational enterprises, including US Fortune 500 companies, and global private equities, in respect of their investments in China and Asia Pacific. Ms. Tsang has participated in more than 100 deals over the last three years, of which 80% were China related investments, including top tier PRC state-owned enterprises and growing domestic companies. Target Audience Dates : All interested parties : 15, 22 & 29 January 2005 (Saturdays) Time : 9:00 a.m. 12:00 noon CPD Credit Hours : 9 Hours Venue : Room UR 1, SCOPE, City University of Hong Kong, 8/F, United Centre, Admiralty, Hong Kong Fees : HK$1,800 per HKICPA/ HKAAT Member HK$1,800 per HKICPA/ HKAAT Student HK$1,800 per International Affiliate (IA) HK$3,600 per Non-member This is a practical workshop on accounting and financial due diligence with the aim to deliver a comprehensive exploration on various aspects of doing due diligence - from proposal, accepting an engagement, planning, execution, reporting, completion and post-completion. This interactive workshop will comprise both theoretical discussion and practical case study illustration. By the end of the workshop, participants can be accustomed to the fundamental principles in approaching and executing due diligence and also be acquaint with the focuses that should be aware of when they are proceeding an investment. The workshop consists of three 3-hour sessions: Session 1 Accepting and planning due diligence (15 January 2005) Overview of accounting and financial due diligence and its role in an acquisition process Proposing and scoping a due diligence tailored to client s needs Risk assessment liability exposure, what we can do and what we cannot do Accepting an engagement and engagement letter Pre-due diligence planning Session 2 Executing due diligence (22 January 2005) Historic operating results analysis Balance sheet analysis Forecasting Working capital analysis Pro-forma adjustments Carve-out situation Session 3 Completing due diligence (29 January 2005) Different reportings for due diligence engagements Reporting on key findings and observations (the main themes of reporting) Writing tips in reporting Post-completion follow-up and updating a due diligence Other areas of due diligence, such as data-room procedures, review of audit working papers, tax due diligence, and vendor due diligence, etc. Exclusion from Liability The views expressed in the CPD programmes of the Hong Kong Institute of Certified Public Accountants remain those of the presenter(s) and are not necessarily shared by the Council of the Institute. Materials provided as part of the CPD programmes are for the purpose of individual s continuing professional development. Both the views expressed and the materials handed out in or in relation to the CPD programmes should not be used as a substitute for professional advice. The CPD programmes are presented without responsibility on the part of the speaker(s) or the Hong Kong Institute of Certified Public Accountants for loss occasioned in any person acting or refraining from action as a result of any view or statement expressed therein. HKICPA reserves the right to change the speaker for its CPD events due to unforeseeable circumstances, without prior notice. ~ END ~ 5
HONG KONG INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS CONTINUING PROFESSIONAL DEVELOPMENT ENROLMENT FORM EDUCATION & TRAINING DEPARTMENT HONG KONG INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS 4/F, TOWER TWO, LIPPO CENTRE 89 QUEENSWAY HONG KONG On-line Enrolment Service is now available! For details, please go to http://www.hkicpa.org.hk You may use the mailing label above to return this form together with payment(s) MEMBERSHIP NO. FULL NAME OF PARTICIPANT(S) BLOCK LETTERS COMPANY/FIRM MEMBERSHIP STATUS * CT System** (Please mark a " " for the event(s) enrolled) Seminar (Jan) Workshop 5 6 11 17 18 20 24 25 26 Management Technical 1 2 3 4 * Membership Status : NP - Non-Practising (HKICPA Member) P - Practising (HKICPA Member) IA International Affiliate S - HKICPA Student AAT AAT Student N - Non-Member ** Please put a if you choose to use the computerized ticketing (CT) system for registration. A confirmation receipt will be issued in place of an admission ticket by fax/post. For details of the CT system, please go to the Institute s homepage at: http://www.hkicpa.org.hk. Contact Person : Tel No. : Fax No. : E-mail : Payment(s) enclosed : Management Workshop Technical Workshop HKICPA/HKAAT Member or HKICPA/HKAAT Student or IA Non-Member HKICPA/HKAAT Member or HKICPA/HKAAT Student or IA Non-Member HKICPA/HKAAT Member or HKICPA/HKAAT Student or IA @ HK$3,000 per course @ HK$3,800 per course @ HK$1,800 per course @ HK$3,600 per course @ HK$200 per seminar Non-Member @ HK$330 per seminar HK$ ONE day before the function date, if applicants do not receive any admission tickets or confirmation receipts from HKICPA after their payment has been sent, please call Tel.: 2287 7058. NO REFUND will be made thereafter. Payment by : Cheque No. (Bank : ) For payment by credit card, please fill in the followings : Card Number : Cardholder s Name : (Please print) Date : Card Expiry Date (month/year) : Cardholder s Signature : For credit card payments, only HKICPA Affinity Credit Cards (Wing Lung Bank Limited) are accepted. HKICPA Visa FOR OFFICE USE Auth. Handled Code No. by Date NOTES : 1 Applications are always accepted on a first-come-first served basis. 2 Fax enrolments will be accepted ONLY for payments made by HKICPA Affinity Credit Card. (Fax: 2147 3293). To avoid duplication, please DO NOT send in your enrolment form again if you have already faxed it to the Institute. 3 After closing date OR in the event of oversubscription, priority will be given, in descending order, to members, student non-members. 4 ONE day before the function date, if applicants do not receive any admission tickets or confirmation receipts from us after their payment has been sent, please call Tel.: 2287 7058. NO REFUND will be made thereafter. 5 Cheques should be made payable to HONG KONG INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS. NO CANCELLATION can be made after cheques have been received by HKICPA. Please issue SEPARATE CHEQUE for each event. 6 The function will be postponed if typhoon signal No. 8 or above or Black Rainstorm warning is raised. Participants will be notified of the alternative date in due course. For details of the bad weather arrangement for CPD programmes, please refer to the Institute s homepage at www.hkicpa.org.hk/membership/cpd/activities/typhoon.pdf. 7 For certification of payment from the Institute, please make a request by completing the Certification of Payment for CPD Activities Form, which is accessible from the Institute s homepage www.hkicpa.org.hk/membership/cpd/activities/receipt.doc (under List of Activities), and return it by fax (2147 3293) or e-mail (iris@hkicpa.org.hk). 8 Please fill in the following label CLEARLY for mailing of admission ticket : Name : Name : Name of Firm : Name of Firm : Address : Address :