Acct.101-2 Introductory Accounting

2 Terms; 6 Credits

This course aims to equip students with the basic understand-ing of the principles and the concepts of accounting; and to develop students' ability to apply the accounting principles and concepts to the preparation of financial and related information in order to meet internal and external obligations.
Upon Completion of this course, students will be able to:
a) outline the role and principles of financial accounting and reporting;
b) understand the principles and concepts of accounting and to apply them;
c) have a thorough grounding in the basic mechanics of accounting;
d) prepare financial statements for sole proprietors, partner-ships and corporations.

Acct. 201-2 Intermediate Financial Accounting I & II

2 Terms; 6 Credits

This course is designed to equip students with the ability to prepare and interpret financial statements, to present financial information of limited companies in compliance with Hong Kong's statutory requirements and accounting standards, to understand the conceptual framework of financial reporting, and the current developments of accounting standards and practices.
The course consists of the following topics, which are grouped into three main categories:
The accounts of limited companies: issue and redemption of share and loan capital; distributable profits; published accounts and the disclosure requirements; capital reductions and re-organizations; and business combinations.
The accounting treatments of specialized transactions: intangible assets - goodwill and research and development costs; tangible assets - investment properties and inventories; revenue and borrowing costs; and deferred taxation.
The analysis and interpretation of financial statements: ratio analysis, cash flow analysis, earnings per share implication; segmental analysis; inter-firm comparison; and share valuation.

Acct. 210 Cost and Management Accounting

1 Term; 3 Credits

This is a second-year term course. The aim of management accounting is to provide information to managers for planning, decision-making and control. This includes job/product costing, cost-volume-profit analysis, pricing, make or buy, addition or deletion of a product line, utility of limited resources, inventory management, budgets and standard costing etc.
This course focuses on the design and implementation of a cost management system of an enterprise that is confronted with global competition. Upon completion of this course, students will be able to understand the basic principles, methods and techniques of cost accounting, analyze cost data for planning and control, and apply marginal and relevant costing for pricing or other short-term decision-making.
The couse will emphasize training up students' critical-thinking ability. They will be encouraged to see things from different points of view, taking into considerations the internal situations and external environments. Tutorials and applications of spreadsheet are used to help students apply theories on problem solving.

Acct. 300 Advanced Financial Accounting

1 Term; 3 Credits

The course aims to provide students with the knowledge in the accounting theory and practice for the preparation of group accounts, group cash flow statements and foreign subsidiaries; and provide students with the knowledge in the accounting theory of profit measurement and capital maintenance in inflationary period.
Upon completion of this course, students should be able to explain the principles of business combinations and understand the issues involved in preparing group financial statements and foreign subsidiaries, and appreciate the problems of profit measurement and asset valuation in a period of changing prices.

Acct. 330 Accounting Information Systems

1 Term; 3 Credit

This course is designed to help students acquire the necessary understanding and knowledge of information systems (IS). It can help students understand the impact of information technology in the business processes and provide them with knowledge of the importance of Accounting Information Systems (AIS) in achieving organizational goals. The course can also provide students with hands-on experience in using spreadsheet, database, and accounting software. Through the course, the students can recognize the design, implementation and evaluation of AIS and broaden their understanding of the issues related to the deployment of AIS in the organization.

Acct. 340 Financial Management

1 Term; 3 Credit

This course aims to provide students with an understanding of the basic skills and concepts required for the study of finance and for their application to financial management; explore the analysis of financial management decision making within firms with an emphasis on the application of theory to practice; and understand the relevance of modern financial theory to financial management.
Upon completion of this course, students should be able to:
a) describe the main forms of long-term and short-term finance for companies;
b) appreciate the nature and scope of working capital management;
c) identify the factors which determine the capital structure of companies;
d) explain the impact of dividend policy on corporate valuation;
e) describe the main methods for raising equity finance and for issuing bonds;
f) explain the effects of diversification in risk analysis;
g) describe the features of the Capital Asset Pricing Model; and
h) appreciate the importance of making long-term financial planning and forecasting.

Acct. 350 Accounting Theory

1 Term; 3 Credit

This course aims to enable students to understand and think critically the implications of financial accounting on the fair and efficient operation of the market economy; and provide a decision usefulness approach for students to understand the current financial accounting and reporting environment.
Upon completion of this course, students should be able to:
a) recognise the implications of efficient markets on financial reporting and the standard setter as a mediator between the conflicting interests of investors and managers;
b) develop a conceptual framework of objectives of account-ing;
c) evaluate the qualitative characteristics of accounting information;
d) understand the decision usefulness approach of the reporting requirement; and
e) understand the responsibility and power of standard setting process.

Acct. 360 Systems Analysis and Design

1 Term; 3 Credit

The course aims to provide students with an in-depth understanding of how information systems support business requirements; and to ensure students can exercise the tools and techniques in systems analysis and design.
Upon completion of this course, students should be able to:
a) identify the role of systems analysts in a typical business organization;
b) explain the principles of managing an information systems project;
c) participate in the implementation, monitoring and main-tenance of an information systems solution; and
d) appreciate and apply the tools and techniques used in the systems development process.

This course aims to provide training for students to apply the auditing concepts to audit of corporate financial statements, including the audit of transaction cycles and the audit of electronic data processing systems. Students will learn the different forms of reports and how to choose an appropriate one in a given situation. At the end of the course, students are expected to know the audit procedures for different transaction cycles, including computer auditing, and how to write an audit report.

This course aims to introduce students to the basic principles of taxes as operated under the Hong Kong Inland Revenue Ordinance and its administration. It enables students to understand the scope of charge, basis of assessment and relief of the salaries tax, profits tax and property tax. Students will learn the relief under the personal assessment and the scope of charge and basis of assessment of stamp duty and estate duty. Students will also learn and understand the general tax planning in salaries tax, profits tax and property tax. At the end of the course, students should be able to understand the basic principles of taxation law and system in Hong Kong. Students should be able to understand the impact of case law, interpret the tax statutes and prepare basic tax computations; and understand the recent developments to the Inland Revenue Ordinance.

This course is designed to develop in students an awareness and understanding of ethical concepts and issues in the accounting profession and general business environment. The course can also enable students to handle ethical dilemmas in professional accounting and business settings. Upon completion of this course, the students should be able to identify and analyze the ethical issues in professional accounting and general business environment. Students can apply the knowledge in ethics to professional accounting and business ethical problems and know how to deal with them appropriately.

This course aims to give students the opportunity to undertake and develop an independent project in the accounting context. Upon completion of this course, the students should be able to identify research problems and design a research project independently. Students can conduct an independent project in accounting and business areas by themselves; and communicate the research findings in a report concisely and effectively.