HKICPA QP Module 1 Accounting case studies
HKICPA QP Module 1 Accounting · Put your knowledge to work in context.
The HKICPA Qualification Programme (QP) is the Institute's professional accountancy education pathway, and Module 1 Accounting is the accounting module within it. The Institute's own navigation presents the QP as a structured programme with defined stages: a pre-entry education requirement, professional accountancy education, a Revised Practical Experience Framework, application and registration, a timetable, a fee schedule, programme accreditation, a position paper, the Capstone, and support for registered students. The HKICPA QP Module 1 Accounting case studies are 5 cases and about 4,668 words.
1Brightline Software: Allocating a Bundled Licence, Configuration and Support Contract
Brightline Software Ltd (BSL), a Hong Kong company with a 31 December year-end, signed a contract on 1 January 20X5 to supply a customer with (i) a standard on-premise accounting software licence, (ii) a six-month configuration service, and (iii) three years of post-contract support (PCS). The software is fully functional without the configuration, which the customer's own IT team could perform using readily available resources.
878 words, about 4 min2Harbour Logistics: Lease Term, Incentives and a Mid-Term Sublease
Harbour Logistics Ltd (HLL), a Hong Kong company with a 31 December year-end, leased a warehouse on 1 January 20X5 for a non-cancellable term of five years, with an option to extend for a further three years at then-market rent. Annual rent is HK 1,200,000 payable in arrears.
984 words, about 5 min3Peak Retail: Goodwill, Allocable and Unallocable Corporate Assets
Peak Retail Group Ltd (PRG) prepares consolidated financial statements to 31 December. It has two cash-generating units (CGUs): Hong Kong retail and Mainland wholesale.
927 words, about 5 min4Golden Anchor: Restructuring Provision, Litigation and Subsequent Events
Golden Anchor Manufacturing Ltd (GAM) has a 31 December year-end. On 15 December 20X5 its board formally approved a plan to close its Tsuen Wan factory and relocate production to Dongguan.
954 words, about 5 min5Dragon Holdings: Step Acquisition, Contingent Consideration and Deferred Tax
Dragon Holdings Ltd (DHL) prepares consolidated financial statements to 31 December. On 1 October 20X5 it acquired an additional 55% of Panda Tech Ltd (PTL) for cash HK 110 million, giving it 75% and control.
925 words, about 5 min