Event Information
Event code WSHP19121801 Event Flyer Full Language Cantonese with English terminology
Event name Definition of a Business (Amendments to HKFRS 3 Business Combinations)
CPD hours 2.0
Competency Accounting and Financial Reporting
Level 2 - Intermediate
Contact Ms. Betsy Liang at 2287-7009 or tls@hkicpa.org.hk

In January 2019, the HKICPA issued amendments to the definition of a business in HKFRS 3 Business Combinations. The amendments are intended to assist entities to determine whether a transaction should be accounted for as a business combination or as an asset acquisition. Distinguishing between a business combination and an asset acquisition is important because the accounting treatments are different. One important difference is that the acquirer recognises ‘goodwill’ only in acquiring a business, but not in acquiring a group of assets. 

The workshop will go through the amendments, including the revised definition of a business and the optional concentration test that help assess whether a company has acquired a group of assets, rather than a business. The workshop will walk through with participants how to apply the amendments with some examples and also share with participants some practical issues in applying HKFRS 3.  


Event Date
Date / Time CPD hours Venue
18 Dec 2019 (09:30 - 11:30) 2.0 27/F, Wu Chung House 213 Queen's Road East, Wanchai, Hong Kong
Fee Information
Type Fee (HKD)
Enrolment Member 500.00
Student 500.00
non-HKICPA Member 750.00
Enrolment Date
Enrolment from 18 Oct 2019 (00:00) to 13 Dec 2019 (23:59)
The enrolment is full.
Full Hot and limited seat Promotion
Closed e-Learning Continuing Education Fund
Support programme: Five percent of seats at selected CPD events are available free of charge to members who are unemployed, not working and planning to rejoin the workforce. The Institute reserves the right to select which CPD events are applicable to this offer.
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