Milly Wu

Business Valuation Associate | Senior Accountant

Hong Kong SAR

About

• Business Valuation Associate with experience in delivering CICBV-compliant valuations for financial reporting, transaction, tax reorganization, and litigation support purposes. Proficient in financial modelling (DCF, comparable companies, precedent transactions) and valuation of complex areas including Purchase Price Allocation (PPA), intangible assets, impairment testing (VIU/FVLCD), and convertible instruments. • Experienced in industry research, guideline company analysis, and transaction multiples. Proven ability to review and challenge third-party valuation reports. • Background in audit with strong knowledge of IFRS and financial statements.

Experience

  • Business Valuation Associate at Xu & Xie CPA LLP
    Jun 2023 - Present · 3 yrs 2 mos

    • Performed business valuations for 100+ private and listed companies across multiple industries for financial reporting, transaction, and tax purposes. • Developed robust financial models, including DCF, comparable companies, and precedent transactions approaches. • Estimated WACC and discount rates using CAPM and cost of debt analysis. • Performed Purchase Price Allocation (PPA) for acquisition transactions, including identification and valuation of intangible assets. • Conducted impairment testing (VIU and FVLCD) under IFRS (IAS 36), including cash flow forecasting and discount rate determination. • Valued complex financial instruments (e.g., convertible debentures) using appropriate valuation models (e.g., option pricing and discounted cash flow). • Conducted industry research, identified guideline companies, and analyzed transaction multiples. • Prepared valuation reports for financial reporting, tax reorganization, and litigation support purposes. • Reviewed and challenged third-party valuation reports for audit and advisory engagements

  • Teacher and Assistant Manager at Elite Pathways Learning Inc.
    Jan 2023 - May 2023 · 5 mos

    • Taught Mathematics to students from Grade 1 to Grade 10, both in-person and online. • Designed teaching materials, assignments and exam papers. • Provided administrative support for educational operations.

  • Senior Accountant at Cheng & Cheng Limited
    Jul 2022 - Sep 2022 · 3 mos

    • Performed audit procedures and completed tax returns. • Prepared working papers and documentation for audit assignments. • Handled full sets of accounts, including journal entries, accounts payable, accounts receivable. • Liaised with clients to obtain financial data and resolve accounting issues.

  • Jason Lee & Co. Certified Public Accountants (Practising) (Permanent Full-time · 3 yrs 1 mo)
    • Audit Senior
      Jul 2021 - Jun 2022 · 1 yr

      • Led audit engagements for SMEs across various industries, ensuring compliance with HKFRS. • Analyzed financial statements and identified key risk areas, providing insights relevant for financial analysis. • Evaluated revenue recognition, expenses, and balance sheet items to assess financial performance and position. • Prepared audit working papers and financial statements, including P&L, balance sheet, and cash flow.

    • Audit Intermediate
      Jan 2020 - Jun 2021 · 1 yr 6 mos

    • Audit Trainee
      Jun 2019 - Dec 2019 · 7 mos

  • Mathematics Tutor at SO-IN Education Centre - K.E.
    Aug 2018 - Nov 2018 · 4 mos

    • Taught Mathematics to primary school students, fostering a strong foundational understanding. • Conducted tutorial classes and maintained regular communication with parents to track student progress. • Developed and prepared teaching materials, and assessed student assignments.