Prepared by: Mr. CHEUNG

Business Studies Principles of Accounts
BAFS Commerce Principles of Accounts
Financial Studies

Business, Accounting and Financial Studies
Compulsory Part
Accounting Module Elective Part Business Management Module
Business Environment
Introduction to Accounting
Introduction to Management
Basics of Personal Financial Management
40%
Financial Accounting
Cost Accounting
Financial Management
Human Resources Management
Marketing Management
60%

B A FS
Accounting profession Financial / managerial accounting Calculate profit, assets and liabilities … and make decision!
Business environment Development of HK, ethics, entrepreneur Management Be an effective manager: Financial, human resources, risk, operation, marketing, organizational, logistic … and ethics Financial studies As an smart investor: Know the market and products, learn risks and returns, draft portfolio, protect yourself …

Types of production, GDP, inflation and unemployment Sole trader, partnership, company Opportunity cost Money and banking Time value of money

Links
• • BAFS www.edb.gov.hk/FileManager/EN/ Content_5999/bafs_final_e.pdf
• • ECONOMICS http://www.edb.gov.hk/FileManag er/EN/Content_5999/econ_final_e .pdf

Qualities of studying BAFS
• Analytical mind • Applications and scenarios • Current issues • Hardworking • Terms and vocabulary • Foundation of business subjects • Mathematics skills • Very important! Such as… • Processing ＋, －, ×, ÷, % • Q.U.I.C.K.I.L.Y
• But nothing else!

some examples

Business Environment
• • • Hong Kong Business Environment Forms of Business Ownership Business Ethics and Social Responsibilities

• • •
Introduction to Management
Effective Management Entrepreneurship and Small and Medium Enterprises (SMEs) Management Business Communication

• • • • •
Basics of Personal Financial Management
Time Value of Money Financial Market Consumer Credit Personal Financial Planning Investor Protection

What is Accounting?
Accounting is concerned with: 1. Recording of data (book-keeping) 2. Classifying and summarizing data (financial statements) 3. Communicating the data for decision making (annual report and accounting ratios)

Elective Part: Accounting
• Limited company accounts • Types of shares • Issue of shares

Elective Part: Accounting
• Types of dividends • Distribution of dividends

Elective Part: Accounting
• Debtors • Bad debts written off • Provision for bad debts

Elective Part: Accounting
• P/E ratio • Other accounting ratios • Analysis of profitability and financial position of different companies

Academic and career prospects Career Development
For example : Accounting ( e.g. auditor , financial controller , chief accountant ) Finance ( e.g. financial analyst , financial planner ) Management ( e.g. chief executive officer , general manager ) Education ( e.g. teachers , academics , educators )
4-year Bachelor Degree s
e.g. Business Administration , Accounting , Finance , Information Systems
Sub-degrees
( including associate degrees , higher diplomas and diplomas ) e.g. Business Administration , Finance , Tourism
Business, Accounting and Financial Studies

Some accounting degrees in HK
HKU Bachelor of Business Administration in Accounting and Finance 工商管理學學士(會計及財務) HKUST Professional Accounting 工商管理學士(專業會計學) CUHK Professional Accountancy 專業會計學 POLYU BBA (Hons) in Accountancy 會計學(榮譽)工商管理學士學位

The direct route to become a CPA
Accounting Degree HKICPA [Hong Kong Institute of Certified Public Accountants] Qualification Programme
Workshops Examinations +
Accounting Experience
= Certified Public Accountant (CPA)
http://www.hkicpa.org.hk/

5 th March 2010