This course aims to:

1. provide students with technical knowledge in processing, preparing and reporting accounting information for external users in a modern economy;
2. develop students' conceptual skills and professional competence in the preparation and reporting of financial accounting information under generally accepted accounting principles (GAAP) in Hong Kong;
3. provide students with an in-depth understanding of the underlying accounting concepts and accounting standards governing the preparation of financial statements under Hong Kong GAAP for external users.
4. review the functions and information needs of management in the contemporary business environment.
5. provide students with the knowledge of inventory valuation and product costing in a manufacturing company at a level suitable for managers.