Financial Accounting and Taxation

ACT 8011BEF

Course Guide

ACT 8011BEF

Course Guide

Financial Accounting and Taxation

Course Start Date

N/A

Course Level

N/A

Length in Terms

N/A

Credits

N/A

Language

N/A

Fees ($) (including lab fees)

N/A

Future Terms

Quota and Schedule

Course Start Date	Course Level	Length in Terms	Credits	Language	Fees ($) (including lab fees)	Future Terms
N/A	N/A	N/A	N/A	N/A	N/A

Quota and Schedule

Course Coordinators:

Lau Yat Lui, BBA (HKU); MACC (CUHK); CPA (HKICPA)
To be announced

Excluded Combinations

ACT 8011BED; ACT 8061BEF; ACT 8064BEF

Courses Not Allowed to be Taken Again

ACT 8011BED

Aims

This course aims to provide students with the tools and skills necessary for making prudent and rational business decisions based on accounting knowledge. It introduces the key theories in corporate financial accounting, and develops students’ awareness to the institutional and regulatory aspects of the business environment in which accounting decisions are made for operating, investing and financing activities. This course also aims to provide students with the knowledge and skills to effectively interpret tax statutes, analyse practical tax problems, and apply the tax statutes and rules. It introduces students to the current tax statutes, case laws, and major types of direct and indirect taxes in Hong Kong.

Contents

Theories of accounting, conceptual and regulatory frameworks and financial statements
Revenue / receivables / cash cycle and revenue recognition
Accounting for inventory, fixed assets and investment securities
Debt and equity financing
Leases; provisions and contingent liabilities
Leases, earnings per share and accounting change
Accounting policies, estimates and errors; events after reporting period
Financial reporting by groups of companies
Overview of taxation and tax administration
Hong Kong property tax and salaries tax
Hong Kong profits tax
Personal assessment and stamp duty

Contact hours

A total of 60 contact hours in one term.

Assessment

There are two assignments and one closed-book written examination. Assignments should be prepared with Microsoft Word and submitted to Turnitin for plagiarism checking via the Online Learning Environment (OLE).

Set book(s)

Online study materials will be provided.