Financial Accounting and Taxation

ACT B811F

Course Guide

FINANCIAL ACCOUNTING AND TAXATION

ACT B811F

Course Guide

FINANCIAL ACCOUNTING AND TAXATION

Course Start Date

Aut 2024

Course Level

Postgraduate

Length in Terms

1 term

Credits

10

Language

Chinese

Fees ($) (including lab fees)

Details

Future Terms

Quota and Schedule

Course Start Date	Course Level	Length in Terms	Credits	Language	Fees ($) (including lab fees)	Future Terms
Aut 2024	Postgraduate	1 term	10	Chinese	Details

Quota and Schedule

Course Coordinator:

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

Dr James Xede, BComm (UCC, Ghana); MMSc, PhD (XMU, Xiamen, China)

Excluded Combinations

ACT B825; ACT B861; ACT B861CW; ACT B861F; ACT B864; ACT B864CW; ACT B864F

Courses Not Allowed to be Taken Again

ACT B811

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 of 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, regulatory and conceptual frameworks, financial statements and operating segments
Inventory and revenue recognition
Property, plant and equipment, investment property and intangible assets Leases and provisions and contingencies Accounting policies, change in accounting estimates and errors
Events after reporting period
Financial reporting by groups of the company
Overview of taxation and tax administration
Hong Kong property tax and salaries tax
Hong Kong profits tax
Personal assessment and stamp duty

Learning Support

A total of 60 contact hours in one term, consisting of 12 three-hour lectures and 12 two-hour tutorial classes.

Assessment

Assessment for this course involves two assignments, class participation and the final examination. The continuous assessment portion of the course accounts for 50% of the total course score, while the final examination accounts for the remaining 50% of the total course score. The two assignments account for 40% of the total course score and class participation accounts for 10%. Students are required to submit assignments via the Online Learning Environment (OLE).

Set book(s)

Ho, Patrick K.W. and Mak, Kevin P.L. (2023). Hong Kong Taxation and Tax Planning (21st Edition). Pilot Publishing Co. Ltd.

A custom textbook will also be provided.

Course Coordinators:
Dr Kevin Li, BBA (Hons), MSc (Econ) (HKUST); DBA (Macquarie University); FCCA, FCPA (HKICPA), CPFAcct
Wong Chun Yin, BBA (Hons), MAcc (CUHK); MCG (HKMU); CPA; ACG; HKACG (CS, CGP)

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 of 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 frameworks, and financial statements
Revenue /receivables /cash cycle, and revenue recognition
Accounting for inventory, fixed assets and investment securities
Debt and equity financing
Leases, earnings per share and accounting change
Financial reporting by groups of the company
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 across one term.

Assessment
The continuous assessment portion of the course, which consists of two assignments and classroom participation, accounts for 40% of the total course score, while the final examination accounts for the remaining 60% of the total course score.

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

Set book(s)

Ho, P. K. W. & Mak, K. P. L. (2023). Hong Kong taxation and tax planning (21st ed.). Pilot Publishing.

A custom textbook will also be provided.