Highlights

HKFRS 16, Leases has become effective for accounting periods beginning on or after 1 January 2019. The new standard does not only result in practical challenges for financial reporting, but also the way how businesses are managed. In this seminar, the two speakers will share different perspectives on the key issues in implementing the new standard and practical insights on how to handle such issues, based on their respective experience as practicing accountant and experienced executive in the retail industry.

Speaker(s)

1. Mr. Roy Leung, Partner, Head of Accounting Change Advisory, KPMG

Mr. Leung has extensive experience in advising clients on GAAP conversion and the accounting and business implications of changes in accounting standards. He has served clients from a variety of sectors including retail, manufacturing, utilities, real estate and transportation. He is a regular speaker on financial reporting, capital markets and corporate governance.

Mr. Leung is a member of the HKICPA Council, also serving on the Professional Conduct Committee, Registration and Practicing Committee and the Professional Development Committee. He serves on the Departmental Advisory Committee of the Department of Accountancy of the City University of Hong Kong and the Accounting Advisory Board of the Hong Kong University of Science and Technology. Mr. Leung is also a member of the Chinese Institute of Certified Public Accountants.

2. Mr. Alec Tong, Partner, Jupiter Capital Ltd

Mr. Tong is a Chartered Accountant qualified with KPMG in London. He has held various senior finance positions in multi-national corporations including the Group Finance Director of Dairy Farm, Jardine Pacific and Zung Fu covering business operations in many Asian countries, and the Group Treasurer of Jardine Matheson. He has extensive business experience in retailing, motor dealerships, restaurants, engineering and construction, logistics and transportation, IT distribution and solutions.

Mr. Tong is a member of the Qualification and Examinations Board, Professional Accountants in Business Committee and Professional Development Committee of HKICPA. He is also an Adjunct Professor at The Hang Seng University of Hong Kong and has completed the Advanced Management Program at Harvard Business School.

About the Chairman:

Kim Man Wong, Chief Financial Officer, Hong Kong Electric Investments

Mr. Kim Man Wong is currently the Chief Financial Officer of Hong Kong Electric Investments. He has over 30 years of experience in financial management and accounting in Hong Kong and other countries. He holds a Bachelor’s and Master’s degree in Business Administration. He is also a member of HKICPA.

He has actively involved in accounting education and professional development all these years. He is currently the Chairman of Accountancy Advisory Board of Lingnan University and the Chairman of Professional Development Committee of HKICPA. He is also a Panel Convenor of the Financial Reporting Review Panel of Financial Reporting Council.