‌Accounting

Lee Shau Kee School of Business and Administration Professional Recognition   ‌Accounting  

Association of Chartered Certified Accountants (ACCA)

Association of Chartered Certified Accountants (ACCA)

Undergraduate Programmes

BBA/BBA (Hons) graduates are entitled to exemptions of up to a maximum of 9 papers (out of 13 papers) of the examinations organized by the ACCA Examinations Scheme. Details of exemptions for these HKMU graduates in both full-time and distance learning study modes are as follows:

Exempted ACCA examination papers
BBAHPAJ1/ BBAHPAJ2/ BBAHPAJ3/ BBAACT/ BBAACT1/ BBAHACT/ BBAHACT1 (Full-time/Distance Learning) Graduates
Passed HKMU courses
Paper AB
Accountant in Business*
Exempted upon completion of programme^
Paper MA
Management Accounting
Exempted upon completion of programme^
Paper FA
Financial Accounting
Exempted upon completion of programme^
Paper LW
Corporate and Business Law
Exempted upon completion of programme^
Paper PM
Performance Management
[ACT B405/ACT B405F + ACT B313/ACT B313F]
Paper TX
Taxation
[ACT B404/ACT B404F]
OR
[ACT B414/ACT B414F + ACT B415/ACT B415F]
OR
ACT B414F
(2020 Graduates Onwards for
BBA (HONS) IN PROFESSIONAL ACCOUNTING Only)
Paper FR
Financial Reporting
[ACT B331/ACT B331F +
ACT B332/ACT B332F +
ACT B407/ACT B407F]
Paper AA
Audit and Assurance
[ACT B406/ACT B406F]
OR
[ACT B416/ACT B416F + ACT B417/ACT B417F]
Paper FM
Financial Management
FIN B280/FIN B280F

* The name of this paper was recently changed to “Business and Technology” by ACCA

^ While MGT B399/MGT B399F Management Policy and Strategy and MGT B398/MGT B398F Business Strategy form an excluded combination, students who would like to seek exemptions from ACCA examination papers must take MGT B399/MGT B399F instead of MGT B398/MGT B398F.

Exempted ACCA examination papers
BBAHATJ1/ BBAHATJS (Full-time) Graduates
Passed HKMU courses
Paper AB
Accountant in Business*
Exempted upon completion of programme^
Paper MA
Management Accounting
Exempted upon completion of programme^
Paper FA
Financial Accounting
Exempted upon completion of programme^
Paper LW
Corporate and Business Law
Exempted upon completion of programme^
Paper PM
Performance Management
ACT B405F + ACT B313F
Paper TX
Taxation
ACT B414F
Paper FR
Financial Reporting
ACT B332F + ACT B407F
Paper AA
Audit and Assurance
ACT B416F + ACT B417F
Paper FM
Financial Management
FIN B280F

* The name of this paper was recently changed to “Business and Technology” by ACCA

^ While MGT B399/MGT B399F Management Policy and Strategy and MGT B398/MGT B398F Business Strategy form an excluded combination, students who would like to seek exemptions from ACCA examination papers must take MGT B399/MGT B399F instead of MGT B398/MGT B398F.

Graduates of ABA and BBA/BBA (Hons) non-accounting programmes are entitled to exemptions of up to a maximum of 2 and 9 papers respectively, of the examinations organized by the ACCA Examinations Scheme. Details of exemptions for HKMU graduates in both full-time and distance learning study modes are as follows:

Exempted ACCA examination papers
ABA Graduates
BBA/BBA (Hons) Non-Accounting (Full-time/ Distance Learning) Graduates
Passed HKMU courses
Paper AB
Accountant in Business*
Exempted upon completion of programme^
Paper MA
Management Accounting
N/A
[ACT B212/ACT B212F +
ACT B313/ACT B313F]
OR
[BUS B220F + ACT B313F]
Paper FA
Financial Accounting
[ACT B210/ACT B210F]
OR
[ACT B211/ACT B211F +
ACT B212/ACT B212F]
OR
[BUS B220F]
Paper LW
Corporate and Business Law
N/A
[LAW B260/LAW B260F +
LAW B302/LAW B302F]
OR
[LAW B262/LAW B262F +
LAW B333/LAW B333F]
OR
[BUS B220F + LAW B333F]
Paper PM
Performance Management
N/A
[ACT B405/ACT B405F+
ACT B313/ACT B313F]
Paper TX
Taxation
N/A
[ACT B404/ACT B404F]
OR
[ACT B414/ACT B414F +
ACT B415/ACT B415F]
Paper FR
Financial Reporting
N/A
[ACT B331/ACT B331F +
ACT B332/ACT B332F +
ACT B407/ACT B407F]
Paper AA
Audit and Assurance
N/A
[ACT B406/ACT B406F]
OR
[ACT B416/ACT B416F +
ACT B417/ACT B417F]
Paper FM
Financial Management
N/A
FIN B280/FIN B280F

* The name of this paper was recently changed to “Business and Technology” by ACCA

^ While MGT B399/MGT B399F Management Policy and Strategy and MGT B398/MGT B398F Business Strategy form an excluded combination, students who would like to seek exemptions from ACCA examination papers must take MGT B399/MGT B399F instead of MGT B398/MGT B398F.

Postgraduate Programmes

Graduates of the MPA/MPACW/PDPA, MBA and MCG are entitled to exemptions of certain papers of the examinations organized by the ACCA. Details of exemptions that may be claimed for graduates are as follows:

Exempted ACCA examination papers
MPA/MPACW/PDPA
MBA
MCG
Passed HKMU courses
Paper AB
Accountant in Business*
Exempted upon completion of programme
Paper MA
Management Accounting
Exempted upon completion of programme
Paper FA
Financial Accounting
Exempted upon completion of programme
Paper LW
Corporate & Business Law
Exempted upon completion of programme
Exempted upon completion of programme
LAW B868
Paper PM
Performance Management
N/A
N/A
ACT B865
Paper TX
Taxation
ACT B864
Paper FR
Financial Reporting
N/A
N/A
ACT B861 & ACT B863
Paper AA
Audit and Assurance
N/A
N/A
ACT B866
Paper FM
Financial Management
FIN B862

* The name of this paper was recently changed to “Business and Technology” by ACCA

In order to apply for corresponding paper exemptions, students must have completed the programme and have passed the stated courses at the HKMU before completion of the programme. The exact number of exemptions depends on the respective courses students have passed before completion of the programme and is subject to ACCA’s final decision.
 
Please refer to the ACCA website for information on the latest development and related professional recognition.

Association of International Accountants (AIA)

The holders of the listed qualifications shall be awarded the following exemptions:

Undergraduate Programmes

Qualification
AIA Professional Examinations
BBA (Hons) Accounting & Taxation
(01/01/2021 to 31/12/2024)
Foundation Level
Financial Accounting
Management Accounting
Corporate Governance and Audit
Business Management

Professional 1 Level
Financial Accounting and Reporting 1 on the basis of Company Accounting II (ACT B332F) Plus Advanced Financial Reporting and Analysis I (ACT B407F)
Principles of Governance and Audit on the basis of Auditing I (ACT B416F) Plus Auditing II (ACT B417F)
Management Accounting on the basis of Management and Cost Accounting (ACT B313F) Plus Advanced Management Accounting (ACT B405F)
Business Law for Accountants Taxation (UK) on the basis of Taxation I (ACT B414F) Plus Taxation II (ACT B415F)
BBA (Hons) in Professional Accounting
(01/01/2021 to 31/12/2024)
Foundation Level
Financial Accounting
Management Accounting
Corporate Governance and Audit
Business Management

Professional 1 Level
Financial Accounting and Reporting 1 on the basis of Company Accounting II (ACT B332F) Plus Advanced Financial Reporting and Analysis I (ACT B407F)
Principles of Governance and Audit on the basis of Auditing I (ACT B416F) Plus Auditing II (ACT B417F)
Management Accounting on the basis of Management and Cost Accounting (ACT B313F) Plus Advanced Management Accounting (ACT B405F)
Business Law for Accountants Taxation (UK) on the basis of Taxation I (ACT B414F) Plus Taxation II (ACT B415F)
BBA (Hons) in Accounting
(01/01/2021 to 31/12/2024)
Foundation Levell
Financial Accounting
Management Accounting
Corporate Governance and Audit
Business Management

Professional 1 Level
Financial Accounting and Reporting 1 on the basis of Company Accounting II (ACT B332) Plus Advanced Financial Reporting and Analysis I (ACT B407)
Principles of Governance and Audit on the basis of Auditing I (ACT B416) Plus Auditing II (ACT B417)
Management Accounting on the basis of Management and Cost Accounting (ACT B313) Plus Advanced Management Accounting (ACT B405)
Business Law for Accountants Taxation (UK) on the basis of Taxation I (ACT B414) Plus Taxation II (ACT B415)

While MGT B399/MGT B399F Management Policy and Strategy and MGT B398/MGT B398F Business Strategy form an excluded combination, students who would like to seek exemptions from ACCA examination papers must take MGT B399/MGT B399F instead of MGT B398/MGT B398F.

Postgraduate Programmes

Qualification
AIA Professional Examinations
Master of Accountancy
(01/01/2021 to 31/12/2024)
Foundation Level
Financial Accounting
Management Accounting
Corporate Governance and Audit
Business Management

Professional 1 Level
Financial Accounting and Reporting 1 on the basis of Accounting for Corporations (ACTB861F) Plus International Financial Reporting Issues (ACYB810F)
Principles of Governance and Audit on the basis of Advanced Auditing (ACYB826F) Plus Ethics & Corporate Governance (ACYB807F)
Management Accounting on the basis of Management Accounting (ACYB805F) Plus Treasury & Financial Management (FINB862F)
Business Law for Accountants Taxation (UK) on the basis of Taxation Framework (ACTB864F) Plus Advanced Taxation (ACYB804F)

Please refer to the AIA website for information on the latest development and related professional recognition.

The Chartered Institute of Management Accountants (CIMA)

Students and graduates of Master of Accountancy are eligible for Master’s gateway route to the CIMA Professional Qualification.
 
They may claim exemption of up to a maximum of ten subjects on the basis of completion of corresponding HKMU courses. Students can start taking the Management Case Study exam after completing the first semester study, followed by the Strategic level exams. Details of exemptions that may be claimed are as follows:
Subject name
Subject level
BA1 Fundamentals of Business Economics
Certificate BA
BA2 Fundamentals of Management Accounting
Certificate BA
BA3 Fundamentals of Financial Accounting
Certificate BA
BA4 Fundamentals of Ethics, Corporate Governance and Business Law
Certificate BA
E1 Organisational Management*
Operational
P1 Management Accounting
Operational
F1 Financial Reporting and Taxation**
Operational
E2 Project and Relationship Management***
Management
P2 Advanced Management Accounting
Management
F2 Advanced Financial Reporting
Management
*  The name of this paper was recently changed to “Managing Finance in a Digital World” by CIMA
** The name of this paper was recently changed to “Financial Reporting” by CIMA
***The name of this paper was recently changed to “Managing Finance in a Digital World” by CIMA

Please refer to the CIMA website for information on the latest development and related professional recognition.

CPA Australia

Graduates of BBA (Hons) in Accounting (distance learning mode), BBA (Hons) in Professional Accounting and BBA (Hons) in Accounting and Taxation are entitled to exemptions of all 6 papers at Foundation Level of the CPA Program. Details of exemptions that may be claimed for graduates are as follows:

Foundation Level of CPA Program
Foundations of AccountingBusiness Finance
Economics & MarketsFinancial Accounting & Reporting
Fundamentals of Business LawManagement Accounting
The graduates will be eligible to apply for the CPA Australia Associate membership.
 
While MGT B399/MGT B399F Management Policy and Strategy and MGT B398/MGT B398F Business Strategy form an excluded combination, MGT B398F/MGT B398 cannot be used to claim exemption from Foundation Level papers of the CPA Program. Students who would like to seek exemptions from Foundation Level papers should take MGT B399/MGT B399F Management Policy and Strategy instead of MGT B398/MGT B398F Business Strategy.
 
CPA Australia’s Latest Developments
Please refer to CPA Australia website for information on the latest development and related professional recognition.

Hong Kong Institute of Certified Public Accountants (HKICPA)

Postgraduate Diploma in Professional Accounting (PDPA) / Master of Professional Accounting (MPA)
Students with HKICPA recognized undergraduate degree and have fulfilled the pre-entry requirement of Qualification Programme (QP) will be eligible for registration as students of the HKICPA under the Qualification Programme upon the completion of the PDPA or the compulsory courses within the MPA. It is the students’ responsibility to verify if their undergraduate degrees are recognized by the HKICPA.
 
 

BBA (Hons) in Accounting (BBAHACT), BBA (Hons) in Accounting and Taxation (BBAHATJ), and BBA (Hons) in Professional Accounting (BBAHPAJ)
The BBA (Hons) in Accounting offered in distance learning, and the BBA (Hons) in Accounting and Taxation and BBA (Hons) in Professional Accounting offered in full-time mode have been accredited by the HKICPA as approved accountancy degree programmes under the Institute’s Qualification Programme (QP).

Approved Curriculum for Programme Accreditation – BBA (Hons) in Accounting

QP Associate Level Modules
Subjects required for QP module exemption
M1
Accounting
ACT B210 Introduction to Accounting
M2
Management Accounting
ACT B313 Management & Cost Accounting
ACT B405 Advanced Management Accounting
M3
Business Economics
ECON A231 Introduction to Microeconomics
ECON A232 Introduction to Microeconomics
BUS B171 Business Statistics
BUS B272 Quantitative Methods for Decision Making
M4
Business Management
ACT B405 Advanced Management Accounting
FIN B280 Introduction to Financial Management
MGT B240 Principles and Practices of Management
MGT B399^ Management Policy and Strategy
MKT B250 Introduction to Marketing
M5
Information Management
ACT B304 Accounting Information Systems
M6
Financial Accounting
ACT B331 Company Accounting I
ACT B332 Company Accounting II
ACT B407 Advanced Financial Reporting and Analysis I
M7
Financial Management
ACT B210 Introduction to Accounting
ACT B313 Management and Cost Accounting
ACT B405 Advanced Management Accounting
FIN B280 Introduction to Financial Management
M8
Principles of Auditing
ACT B416 Auditing I
ACT B417 Auditing II
M9
Principles of Taxation
ACT B414 Taxation I
M10
Business and Company Law
LAW B262 Business Law I
LAW B333 Company Law I

^ MGT B399/MGT B399F Management Policy and Strategy and MGT B398/MGT B398F Business Strategy form an excluded combination. However, MGT B398/MGT B398F cannot be used to claim exemption from Module 4 Business Management. Students who would like to seek exemption from Module 4 must take MGT B399/MGT B399F instead of MGT B398/MGT B398F.

Approved Curriculum for Programme Accreditation – BBA (Hons) in Accounting and Taxation, and BBA (Hons) in Professional Accounting*

QP Associate Level Modules
Subjects required for QP module exemption
M1
Accounting
BUS B220F Integrated Business Functions
M2
Management Accounting
ACT B313F Management & Cost Accounting
ACT B405F Advanced Management Accounting
M3
Business Economics
BUS B200F Integrated Business Foundation
M4
Business Management
BUS B220F Integrated Business Functions
ACT B405F Advanced Management Accounting
FIN B280F Introduction to Financial Management
MGT B399F^ Management Policy and Strategy
M5
Information Management
ACT B304F Accounting Information Systems
M6
Financial Accounting
ACT B331F Company Accounting I
ACT B332F Company Accounting II
ACT B407F Advanced Financial Reporting and Analysis I
M7
Financial Management
BUS B220F Integrated Business Function
ACT B313F Management and Cost Accounting
ACT B405F Advanced Management Accounting
FIN B280F Introduction to Financial Management
M8
Principles of Auditing
ACT B416F Auditing I
ACT B417F Auditing II
M9
Principles of Taxation
ACT B414F Taxation I
M10
Business and Company Law
BUS B220F Integrated Business Functions
LAW B333F Company Law I

*Senior year entrants with deficiency in pre-entry requirements will be required to take alternate or additional courses.

^ MGT B399/MGT B399F Management Policy and Strategy and MGT B398/MGT B398F Business Strategy form an excluded combination. However, MGT B398/MGT B398F cannot be used to claim exemption from Module 4 Business Management. Students who would like to seek exemption from Module 4 must take MGT B399/MGT B399F instead of MGT B398/MGT B398F.

This information is for students who have sat for and passed all courses at HKMU prior to the completion of the programmes. All students’ qualifications are subject to the HKICPA’s assessment and final decision. 

Please refer to the HKICPA website for information on the latest development and related professional recognition.

Institute of Chartered Accountants in England and Wales (ICAEW)

The university is recognised as an ICAEW Partner in Learning, working with ICAEW in the professional development of students. For details, please refer to the ICAEW website.
 

BBA (Hons) Accounting, BBA (Hons) Professional Accounting and BBA (Hons) Accounting and Taxation – Summary of ACA Credits 2020

ICAEW Module
Awarded on the basis of passes in HKMU courses
Minimum Pass Mark required for all modules
Accounting
ACT B210 Introduction to Accounting
50%
Assurance
ACT B416 / ACT B416F Auditing I
50%
Business, Technology and Finance
Credit will be awarded to students who obtain an award of 2:1 and above (GPA 3.00+)
Law
LAW B262 / LAW B262F Business Law I OR
BUS B220F Integrated Business Functions (module 3)
LAW B333 / LAW B333F Company Law I
50%
Management Information
ACT B313 / ACT B313F Management and Cost Accounting
ACT B405 / ACT B405F Advanced Management and Accounting
50%
Principles of Taxation
ACT B414 / ACT B414F Taxation I
50%
Business Strategy and Technology
MGT B399^ / MGT B399F^ Management Policy and Strategy
ACT B405 / ACT B405F Advanced Management Accounting
50%
Financial Management
FIN B280 / FIN B280F Introduction to Financial Management
FIN B386 / FIN B386F Financial Decision Making
50%

^ MGT B399/MGT B399F Management Policy and Strategy and MGT B398/MGT B398F Business Strategy form an excluded combination. However, MGT B398F/ MGT B398 cannot be used to claim exemption from the ‘Business Strategy & Technology’ module. Students who would like to seek exemption from this module must take MGT B399/MGT B399F instead of MGT B398/MGT B398F.

Taxation Institute of Hong Kong (TIHK)

Graduates of BBA (Hons) in Professional Accounting, BBA (Hons) in Accounting, and BBA (Hons) in Accounting and Taxation will be eligible for exemptions from the Certified Tax Adviser (CTA) Qualifying Examination papers on the basis of successful completion of corresponding HKMU courses. Details of exemptions that may be claimed for graduates are as follows:

Exempted CTA examination papers
BBA (Hons) in Professional Accounting and BBA (Hons) in Accounting Graduates
BBA (Hons) in Accounting and Taxation Graduates
Successfully completed HKMU courses
Paper 1
Accounting and Finance
ACT B331/ACT B331F +
ACT B332/ACT B332F +
ACT B313/ACT B313F +
FIN B280/FIN B280F
Paper 2
Hong Kong Tax
ACT B414/ACT B414F
Paper 4
PRC Tax
ACT B419F

Please refer to the TIHK website for information on the latest development and related professional recognition.