Corporate financial reporting including topics in (1) the environment, the standard setting process, and the conceptual framework underlying financial reporting, (2) the key procedures used for financial statements related to receivable derecognition, asset revaluation and revenue recognition.

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. 

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.

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.

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.

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. 

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.

This course provides a study of the fundamental accounting principles and problems related to financial reporting for mergers, acquisitions and corporate divestitures. Within this context, the course will also examine topics in financing and valuation, corporate governance, and business strategies. Students will learn to convert financial statement data into decision-enhancing information, and express strategic business plans and investment ideas in a powerful and convincing way.

This course covers financial statement analysis and risk management practices for financial institutions, with an emphasis on global banks. It aims to provide students with a solid grounding in the critical evaluation of banks’ financial performance, accounting practices, and risk management.

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.

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.

Remarks: Prescribed elective course for enrolling the HKICPA QP after completing MSAC program.

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.

Remarks: Prescribed elective course for enrolling the HKICPA QP after completing MSAC program.

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.

Remarks: Required elective course for Accounting Analytics concentration.

With the foundation of ACCT 5710 Data Analytics in Accounting, this course aims to provide students with advanced and practical knowledge of application in data analytics designed by accounting professionals and enable students to apply and understand data analytics technologies to perform audit, enhance financial reporting, and minimize risks as accounting professionals.

Remarks: Required elective course for Accounting Analytics concentration.

This course introduces the application of quantitative and machine learning technology in equity investing. It covers classical equity valuation theories, cutting-edge capital market research and recent development in quantitative and machine learning technology. Students will be required to apply the knowledge to develop and test equity investment strategies.

Alternative investments are the fastest growing sector of the financial industry, and probably the least understood, including by several market professionals. Although the range of sophistication in people associated with alternative investments varies substantially, it is more and more common to use them in investment strategies, either as direct investments or through funds of funds or structured products. The purpose of this course is to give participants a good understanding and workable knowledge of the techniques that should be part of the tool kit of anyone investing in, analyzing and/or advising private and institutional clients on the inclusion of alternative investments - and more specifically hedge funds - in their portfolios. Furthermore, this course will enable the participants to absorb the analytical arguments in the technical publications - the in-house research notes of financial institutions and in practitioner oriented journal - that deal with alternative investments and to apply them.

Introduction to database management systems with emphasis on business applications. Technical and administrative considerations in database implementation. Students implement a business system using a commercial-off-the-shelf software package. 

Remarks: Required elective course for Accounting Analytics concentration.

Data plays an increasingly important role in business decision making. This course introduces the key concepts and applications of business analytics in the world of Big Data. Example business problems to be solved analytically include customer relationship management, financial trading, social media marketing, search engine strategy, etc. Hands-on experience with popular data analytical tools will be included.

Remarks: Required elective course for Accounting Analytics concentration.

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.