Program Curriculum

Required Courses

ACCT 5160 Corporate Financial Reporting I

Corporate financial reporting including topics in current assets, fixed assets, income taxes, liabilities, leases, off-balance sheet debt, equity, financial assets and dilutive securities.

ACCT 5170 Corporate Financial Reporting II

Corporate financial reporting including topics in inter-corporate investments, business combinations, multinational operations, pensions and earnings equity. 

ACCT 5180 Advanced Corporate Financial Reporting

Reporting of inter-corporate investments that convey significant influence or control and cross-border activities. Core topics include business combinations, consolidated financial statements, associated companies, and foreign currency issues. 

ACCT 5210 Managerial Accounting Foundations

Use of accounting data in decision-making, financial planning, control, and performance evaluation within organizations.

ACCT 5410 Taxation

The course introduces the fundamentals of Hong Kong taxation based on case law and legislation. Topics include: property tax, salaries tax, profits tax, depreciation allowances, personal assessment, and stamp duty.

ACCT 5510 Auditing

It covers the relevant principles, objectives and ethical requirements of audit and assurance services; identifies the audit process from client acceptance, design of audit procedures and express an appropriate audit conclusion based on the audit evidence obtained. Topics include: audit planning, audit evidence and documentation, internal control, completion of audit, audit opinion and reporting, professional ethics, rights and obligation of auditors.

ACCT 5630 Business Law

This course is designed for the study of Business Law with practical examples of the application of law in the real business world. The course materials cover topics highly relevant to the business managers in the decision making process. The end goal is to elevate the student's level of understanding of the surrounding legal environment.

ACCT 5640 Company Law

Law relating to companies registered in Hong Kong; company formation and records; share and loan capital; management and administration; reconstructions; mergers and take-overs; liquidation and receivership.

FINA 5120 Corporate Finance

Valuation of cash flow streams (PV of cash flow streams, annuities, and perpetuities); valuation of bonds; valuation of stocks using dividend discount model; capital budgeting decisions (NPV, IRR, payback); capital structure; limits to the use of debt (trade-off models); estimation of cost of debt and equity; WACC; terminal value.

 

Elective Courses*

ACCT 5140 Financial Statement Analysis

Integrated analysis of industry strategy, accounting policy, financial ratios and cash flows for application in equity valuation, credit analysis and bond ratings. Essential for those planning careers in financial management, investment analysis, credit analysis, business valuation, and consulting. 

ACCT 5220 International Treasury Management

The course covers specialised knowledge in international treasury operation and management control, risk management, inflation and foreign currency changes as well as international transfer pricing.

Remarks: Prescribed elective course for student who wish to apply for enrolling the HKICPA QP after completing MSAC program.

ACCT 5310 Fundamental and Quantitative Equity Analysis Using Accounting Information

The course covers fundamental equity analysis based on forecasted financial statements. It also introduces quantitative investment strategies based on the drivers of stock price movements. The course is useful for those planning careers in investment analysis, fund management and consulting.

ACCT 5430 Strategic Tax Planning

This course introduces the theoretical framework and applications of strategic tax planning. We teach strategic tax planning concepts and techniques from both a domestic and international perspectives. The course is intended for students interested in careers in financial management, tax planning professional, tax lawyers. The course covers major conceptual and applied tax planning for companies in China and US.

ACCT 5650 Corporate Governance and Compliance

The course covers corporate governance at two levels. At the practice level, it builds on students’ prior knowledge of company law, and introduces them to the various requirements of compliance by company boards as stipulated in the Hong Kong regulatory framework. At the company policies level, this course introduces students to broader aspects of corporate governance, focusing on the multitude and interaction of stakeholders and how their interests may be protected.

ACCT 5710 Data Analytics in Accounting

Data analytics is the process of collecting, organizing and analyzing big data in order to discover useful information for different uses. This course aims to provide students with knowledge of the nature and role of data analytics and how important it is to accountant as well as apply and understand big data issues and utilize data mining, data modeling, data analysis and data visualization techniques to solve accounting and business related issues.

ISOM 5360 Information Systems Auditing

This course introduces the fundamental concepts of information systems (IS) auditing. Topics include IS control and assurance, COBIT, business continuity planning, protection of information assets, auditing the network infrastructure, physical access exposures and controls, and disaster recovery management.

MGMT 5480 Strategic Management in China

The primary topic of this course is strategic management in the Chinese context. This course has three major objectives: 1) to help students understand the conditions under which different kinds of strategy have the potential to create economic value and competitive advantage for Chinese context; 2) to help students who plan to work in Chinese companies understand their roles and responsibilities in helping the companies to achieve competitive advantage; and 3) to help those, who work in foreign companies that either already have or will have operations in China, obtain the knowledge necessary to compete or cooperate with companies in Chinese context more successfully.

*Offering schedule of individual course is subject to availability