This course aims to 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. Through a range of interactive learning experience, students will develop conceptual skills and professional competence in the preparation and reporting of financial accounting information under generally accepted accounting principles (GAAP) in Hong Kong. At the same time, this course aims to develop students’ analytical skills in interpreting the financial accounting information and enable students to appreciate the implications of earnings management.

Final examination [Closed-book examination]: 

Students will take final examination to assess their knowledge of financial reporting concepts and standards and their ability to apply the knowledge in solving accounting problems.

Students are required to pass both coursework and examination components to guarantee to pass the course. Failing either component may lead to failure in the course. The passing mark is generally 50.