Event Information
Event code WSHP19121801 Event Flyer Closed 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
Full Hot and limited seat Promotion
Closed e-Learning Continuing Education Fund
  Choose Skin