This course aims to:

1. provide students with an in-depth understanding of the underlying accounting concepts, standards and regulations governing the preparation of financial statements under Hong Kong GAAP for external users;
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. enable students to appreciate the implications of earnings management;
4. develop students’ analytical skills in interpreting the financial accounting information;