HKICPA QP Module 5 case studies
HKICPA QP Module 5 · Put your knowledge to work in context.
The Hong Kong Institute of Certified Public Accountants (HKICPA) promotes the Qualification Programme (QP) as a route to becoming a Hong Kong CPA, and its website describes the QP as building "a future-ready profession and a sustainable talent pool." Candidates typically encounter the QP through the Institute's "Become a Hong Kong CPA" and "QP" navigation sections, which group pages on pre-entry education, professional accountancy education, a Revised Practical Experience Framework, application and registration, timetable, fee schedule, programme accreditation, the QP graduate route, complaints against registered students, FAQ, and enquiries. The same navigation lists The Capstone, QP student support and benefits, QP Examination Support, and Publications for sales (New QP). The HKICPA QP Module 5 case studies are 5 cases and about 5,005 words.
1Case 1 - Bright Harvest Trading Ltd: offshore trading claim and the FSIE dividend
Bright Harvest Trading Ltd (BHT) is incorporated in Hong Kong and operates from a 600 sq ft office with four staff. It buys finished garments from an unrelated factory in Vietnam and sells them to customers in the United States and Germany.
1,071 words, about 5 min2Case 2 - Meridian Group: two-tiered profits tax rates and connected entities
Meridian Group is owned by Meridian Holdings Ltd, a BVI company with no Hong Kong operations. It owns 100% of three Hong Kong companies.
903 words, about 5 min3Case 3 - Ada Wong: rental reimbursement, share options and the salaries tax computation
Ada Wong is Regional Sales Director of a Hong Kong listed group and is employed by the Hong Kong parent company. For the year of assessment 2024/25 her package was: monthly salary HK 95,000; a 13th month payment of HK 95,000; a performance bonus of HK 250,000; and reimbursement of the full rent she pays under a tenancy agreement taken in her own name, HK 38,000 per month for 12 months.
884 words, about 4 min4Case 4 - Kwan Fong Manufactory Ltd: capital versus revenue, allowances and R&D relief
Kwan Fong Manufactory Ltd produces precision parts at a Sha Tin factory. Its assessable profits for the year ended 31 March 2025, before taking account of the items below, were HK 22,000,000.
1,093 words, about 5 min5Case 5 - Silverline Logistics Ltd: voluntary disclosure, penalties and provisional tax
Silverline Logistics Ltd is a Hong Kong company with a 31 March year end. Its 2023/24 profits tax return reported assessable profits of HK 5,200,000 and the tax was paid.
1,054 words, about 5 min