Undergraduate Courses 2016-17

Overview of accounting in business and social contexts; use of accounting information for accountability and decision making in companies, non-profit organizations, and government; major elements of accounting, including assets, liabilities, revenues and expenses; discharge of accountability by companies through corporate social and environmental reports.

For SB&M students, and programs that designate the course as a required/specified elective course. This is the first course of the principles of accounting sequence. Introduction to the concepts and principles of financial accounting, including the analysis, recording, and reporting of business transactions and preparation of financial statements.

Overview of accounting issues useful to non-business majors. Topics include an introduction to the uses of accounting information, financial reporting, and financial statement interpretation. For Non-SB&M students only.

For SB&M students, and programs that designate the course as a required/specified elective course. This is the second course of the principles of accounting sequence. It introduces concepts, accounting methods, and analytical tools related to managerial and cost accounting. Topics include fundamental cost concepts, job-order and process costing systems, CVP analysis, budgets and standards, segment reporting, and decision-making using cost information.

Study of the application of generally accepted accounting principles to accounting for business organizations; evaluation of balance sheet accounts and the related effects on income determination.

Continuation of ACCT 3010. Special problems in accounting for owner's equity and long-term liabilities including corporate bonds, leases, deferred taxation and pensions.

Financial accounting concepts and practices with particular emphasis on the analysis and interpretation of financial reports and data.

This course covers advanced quantitative methods for management decision-making (decision trees, linear regression, learning curves, and linear programming), pricing and transfer pricing decisions, allocation of common and joint costs, variance analysis, performance measurement and incentive compensation.

This course is to provide students with an awareness of the overall legal framework in which businesses in Hong Kong operate so as to enable them to apply the relevant laws and practices to business problems and practical solutions. The main objective is to give students an understanding of how the society and business function in different socio-legal contexts like the legal system and process and its influence on citizens’ social rights and duties; the enforcement and honoring of agreement between private citizens, the use of business organizations in commercial society, the relationship between employee and employer from social and legal perspectives, the growing importance of business ethics and corporate social responsibilities etc.

Sources and application of the law; torts; contracts; tendering; product, professional and criminal liability; employment law; commercial law; occupational health and safety law and regulations; workers' compensation; patents; intellectual property. (Note: For non-majors only; Engineering students will have priority in course registration.)

Introductory-level seminars and workshops on the accounting/auditing professions; development of life-skills including writing and other communication skills; and individual thinking skills; ethics for accountants. For SB&M students only.

Addresses accounting issues associated with (1) intercorporate investment activity that conveys significant influence or control and (2) cross-border activities. The core topics addressed are business combinations, consolidated financial statements, associated companies, and foreign currency issues.

Analyses of a company's accounting policies, ratio and cash flows for the purposes of valuation and risk assessment. Course is essential for careers in financial management, investment analysis, credit analysis, business valuation, and consulting. SBM third year standing preferred.

The Hong Kong taxation system and its administration; taxation of individuals, partnerships and corporations; stamp duty; obligations compliance.

Objectives, standards and procedures of auditing; preparation of working papers; applications of statistical sampling; computer-assisted auditing and auditing of electronic data processing (EDP) services; professional liability and ethics.

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.

Directed study of selected problems in accounting not covered in other courses.