MACC7001 Financial Accounting Foundation
This course provides an introduction to financial statements and the financial reporting process and focuses on fundamental accounting concepts and principles. We will study how the economic transactions of a firm are reported in financial statements and related disclosures. Topics examined include the conceptual framework of financial accounting, the accounting cycle, financial statements, current and long-term assets, revenue recognition, debt and equity financing, and leases. The goals of this course are to equip students with a basic set of skills that can be applied to prepare and analyze financial statements and prepare them for more advanced financial accounting courses.
MACC7002 Management Accounting
This course offers an in-depth analysis of management accounting systems and their use in firms’ decision-making, planning, and control. Major topics include the different methods of product costing, the design of planning and budgeting systems, and performance measurement issues. Some management control and corporate finance issues for multinational corporations will be discussed. Corporate ethics are also incorporated into the discussions.
MACC7003 Advanced Financial Accounting
This course aims to provide students with sound and in-depth technical and conceptual knowledge of recognition, measurement, and disclosure issues in relation to advanced financing accounting topics, including financial instruments, derivatives, foreign currency transactions, and business combinations. We will examine how to account for various financial instruments and derivatives under International Financial Accounting Standards. We will explore different types of foreign currency transactions and apply accounting rules for hedging activities. A major focus of this course is group accounting. We will analyze transactions where one firm acquires significant influence or control over another firm and prepare consolidated financial reports in compliance with international financial reporting requirements. Translation of foreign currency financial statements will also be discussed for multinational business groups.
MACC7004 Taxation Framework and Planning
This course aims to introduce the Hong Kong tax system. It provides students with knowledge of property tax, salaries tax, profits tax, tax depreciation allowance, personal assessment, and tax administration. The course will develop students’ analytical ability to solve technical tax problems in a systematic way. It will prepare students so that they can demonstrate generic skills and develop an ethical outlook and sense of professional integrity when dealing with tax related-issues. This course further imparts students with an understanding of global tax planning considerations and strategies, including China Tax, for the relevant tax regulations and planning techniques.
MACC7005 Legal and Ethical Environment of Business
Managers and executives today must have a solid understanding of some core legal principles and ethical reasoning skills in the business context. This course will provide each student with a solid legal foundation, especially in a global context. We will discuss broad legal principles and how they affect business today, analyzing several cross-border business transactions and court cases. Simultaneously, we will pay specific attention to the ethical frameworks that can affect such scenarios, study various professional ethical perspectives, leadership and engage in personal reflection to determine how best to operate ethically in a complex business environment.
MACC7006 Accounting Data and Analytics
This course is composed of two parts. In the first part, students will be exposed to why analytics are important in accounting professions and learn about how financial and accounting data are generated and stored in modern Accounting Information Systems (AIS). Students will learn to build queries to pull data from AIS or databases, learn to perform descriptive analytics using various data visualization techniques, and identify potential problems and relevant issues. In the second part, students will learn about entry to medium-level predictive accounting models and their practical applications, such as performance forecasting and credit scoring. Students will learn to use a statistical computing software programme (R) to perform the analysis.
MACC7007 Auditing and Corporate Services
The objective of this course is to develop students’ understanding of the decisions made and methods used by auditors when verifying management's assertions in corporate financial statements. Auditing does not take place in a vacuum, but rather in a complex economic, regulatory, and institutional environment that is evolving and changing. In addition, this environment varies across countries, and auditing is very much a global business. Thus a second objective is to develop students’ understanding of the forces that have shaped and continue to shape auditing practices in Hong Kong (China), mainland China, the US, and elsewhere (e.g., major corporate bankruptcies and frauds, changing government regulations here and abroad). The course will emphasize the basic principles, concepts, and methods of auditing.This course introduces the basic concepts in quantitative business analysis to help you gain a clear understanding of the key elements in the decision making process. We discuss methods that are used extensively in business organizations. These methods provide you with the tools and the skills to approach, analyze, and solve problems of varying scales. Furthermore, this course aims at improving a decision-maker’s overall problem solving ability by stressing approaches to 1) understand and question assumptions, 2) consider a richer set of solution alternatives, and 3) consider diverse measures of performance.
MACC7008 Business Valuation and Fundamental Analysis (Capstone Course)
This course focuses on the use of financial statement information to analyze and value firms. It covers such topics as accounting quality analysis, profitability and risk assessment, forecasting, and valuation models. Accounting quality analysis covers earnings management practice, management incentives to manage earnings, and methods of detecting earnings management. Profit and risk assessment includes in-depth traditional ratio analysis and the concept and measurement models of expected returns. A financial forecasting technique that is built upon the balance-sheet equation and accounting ratios, as well as various valuation models, will also be discussed. Furthermore, the course will cover the due diligence process for mergers and acquisitions. Course projects enable students to apply accounting knowledge into business problems in the real world. Students will have the summary of these projects at beginning of the programme for better preparation.