Page 143 - HKSYU Prospectus 2018-19

Accounting

DESCRIPTION OF COURSES (BComm DEGREE PROGRAMME)

ACCT 101-2 Introductory Accounting
2 Terms; 6 Credits

This course aims to equip students with a basic understanding of the principles and
concepts of accounting; and to develop students' ability to apply them to the preparation of
financial statements and related information in order to meet internal and external obligations.
Topics include basic mechanics of accounting procedures, concepts, and principles of
financial accounting, preparation of financial statements for sole proprietors, partnerships and
corporations, and analysis of financial statements using ratio analysis.

ACCT 201-2 Intermediate Financial Accounting
2 Terms; 6 Credits

This course aims to develop students’ understanding of the conceptual framework for
financial reporting and accounting concepts, standards, and rules in accordance with the
International Financial Reporting Standards (IFRS) in order to analyse accounting problems
and integrate accounting information for critical evaluation of financial position of business
organizations and make informed judgments for solving business and accounting prob-
lems. Topics include conceptual framework for financial reporting and accounting concepts,
standards, recognition and valuation of assets, liabilities, equities, and special topics: dilutive
securities, earnings per share, investments in debt and equity securities, accounting for
income taxes, accounting for leases, and pensions accounting.

ACCT 210 Cost and Management Accounting
1 Term; 3 Credits

This course aims to develop in students an understanding of the building blocks of cost
and product costing systems. It develops students’ generic and quantitative skills to analyse
and use cost information for planning, control, performance evaluation, and decision-making.
Topics include job costing, process costing, activity-based costing, cost-volume-profit
analysis, budgeting, flexible budgets, standard costing, variance analysis, and relevance cost
analysis for pricing decision etc.

ACCT 300 Advanced Financial Accounting
1 Term; 3 Credits

The course aims to equip students with the knowledge of the accounting principles and
concepts of a group of companies; develop students’ professional competence to apply the
accounting principles and concepts in the preparation and reporting of group financial
statements; provide students with an understanding of the effects of foreign currencies on
financial reporting. Topics include principles of business combinations and the issues involved
in preparing accounts for a group of companies, accounting concepts and principles to
prepare consolidated financial statements, effects of foreign currency in transactions and

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