Business, Accounting and Financial Studies Sacred Heart Canossian College Learning Objectives Hong Kong is an International Financial Center Report of Economist Intelligence Unit (March 2012) => Hong Kong is the top city in terms of financial maturity Learning Objectives Accountant Financial planners Sales and marketing manager “To maintain our economic sustainability, HK needs a workforce which can translate ideas into value through commerce and production.” (Education Bureau) Knowledge/ Understanding • The relationships of different business areas; • the dynamic environment in which businesses operate • the functions of management in formulating effective strategies for businesses; • the importance of accounting in managing a business; • the importance of managing personal finance. Skills • use information technology to locate, select, and organize relevant business information for decision-making; • investigate, analyze, and evaluate business issues from a variety of perspectives; • communicate business information and issues effectively. Value • be informed, active and responsible participants in the business world; • be critically aware of the importance of socially responsible and ethical business behaviour; • behave responsibly in controlling their personal finances. Curriculum Framework Business, Accounting and Financial Studies Compulsory Part (S4) Business Environment Introduction to Accounting Introduction to Management Basics of Personal Financial Management Accounting Module Elective Part (S5 & S6) Financial Accounting Cost Accounting Business Management Module Marketing Management Financial Management Human Resources Management 7 School Assessment Mark Allocation: Common Test: 15% Examination: 60% Term work and lesson preparation: 25% Total: 100% Public Assessment Paper I (1 ½ hours) – 40% (Compulsory module) Multiple Choice Questions Short Questions No SBA!! Paper 2 (2 ½ hours ) – 60% (Elective module) Short Questions Application Problems / Case Studies Case Questions/ Essay Questions Participated in the DBS Social Enterprise Experience in 2011-2012 Wrote the business proposal, designed our own products and awarded the chance and seed money to operate a stall in the flower market. We made a profit of over HKD 40,000! Curriculum Framework – Elective Part (Management) Financial • Budgeting • Sources of financing capital • Investment appraisal • Working capital management • Risk management Marketing • Role of marketing • Marketing research • Customer behaviour • Marketing strategies for goods and services • Consumerism Human Resources • Functions of Human Resources Management • Development of a quality workforce How much capital do I need? How can I raise the fund? (Use my own $ or borrow $?) How should I manage my capital? Financial Management How many staff should I employ? How can I train them? How should I recruit the workers? How much salary should I pay them? Any other benefits will I give them? How do I set the prices of my products? Where should I set up my shop? Who are my target customers? What Products/ services do they want? How can I promote my products to the customers? Career Path Hong Kong University (Students intake) Bachelor of Economics and Finance and Bachelor of Business Administration (305) Bachelor of Business Administration (Law) (70) BBA (International Business and Global Management) (30) Career Path HKUST Bachelor of Science in Global Finance BBA in Marketing BBA in Management Career Path Jobs related to marketing: Marketing Executives Events Executive Product Manager Online Marketing Executive Brand manager Career Path Jobs related to HR management: Recruiting and Development Manager Talent Development Manager Compensation and Benefit Manager Training Manager Career Path Jobs related to financial management: Financial Planner/ Consultant Asset Manager Market Risk Commodities Quantitative Analyst Suitable Candidates ☺Good Analytical Skills – apply the learned concepts to analyze the cases ☺Good Problem- solving Skills – understand the problems the companies in the cases face and suggest solutions ☺Good (Written) Communication Skills – express ideas coherently and clearly