Course Coordinator: To be announced
You are advised to have already studied ACT B210, or ACT B211 and ACT B212.
This course aims to introduce learners to the basic conceptual and regulatory framework for financial accounting in Hong Kong. It explains the standard-setting process and conceptual framework underlying the financial reporting in Hong Kong. It also introduces appropriate financial accounting treatment for various types of business enterprises in Hong Kong.
The course covers the following topics:
- Conceptual framework of financial reporting
- Preparing financial statements
- Consolidated financial accounting
- Interpreting accounts
- Capital structure and profit distribution
There will be four three-hour tutorials.
There are two assignments and one examination. Students must use word processing software (such as Microsoft Word) to prepare the assignments, and submit the assignments via the Online Learning Environment (OLE).
Elliott and Elliot (2022), Financial Accounting and Reporting, 20/E, Pearson.