Financial Accounting and Taxation

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ACT 8011BED

More information: Course Guide
Financial Accounting and Taxation

ACT 8011BED

More information: Course Guide

Financial Accounting and Taxation

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Course Coordinator:

Thomas Lau, BBA (HKU), MACC (CUHK), CPA (HKICPA)

Aims

The 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. The course also aims to provide learners with the knowledge and skills to effectively interpret tax statutes, analyse practical tax problems, and apply the tax statutes and rules. It introduces learners to the current tax statutes, case laws, and major types of direct and indirect taxes in Hong Kong.

Contents

The course covers the following topics:

  • Theories of accounting, conceptual and regulatory
    framework, and financial statements
  • Revenue recognition
  • Accounting for inventory and fixed assets
  • Leases; provisions and contingent liabilities
  • 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

Learning support

There will be ten two-hour online lectures, and two six-hour compulsory face-to-face day schools.

The dates for the compulsory face-to-face day schools are as follows:

SessionDate
13 or 4 February 2024 (Saturday or Sunday)
23 or 4 or 5 May 2024 (Friday or Saturday or Sunday)


The timetable above is provisional and is subject to change without prior notice. You should check the confirmed timetable via MyHKMU of the HKMU website (Current Students) before the term starts.

Assessment

There are two assignments, two application-based assessments (conducted during compulsory day schools) and one examination. Assignments should be prepared with Microsoft Word, and submitted to Turnitin for plagiarism checking via the Online Learning Environment (OLE).

Equipment

Students will need access to a personal computer with an Internet connection.

Set book(s)

Online study materials will be provided.

Remarks

This is a two-term course starting in the Spring Term with teaching activities in the Summer Term. The course will end in the Summer Term.