This course aims to:

1) develop students' conceptual skills and professional competence in the preparation and reporting of financial accounting information under generally accepted accounting principles (GAAP) in Hong Kong.

2) provide students with an in-depth understanding of the underlying accounting concepts and accounting standards governing the preparation of financial statements under Hong Kong GAAP for external users.

Continuous Assessment: 50%

Examination: 50%

Examination Duration: 3 hours

Final examination :
Students are required to explain GAAP in Hong Kong, and to apply appropriate accounting standards to recognize and measure important accounting items.


# DEC AT element

Students are required to pass both coursework and examination components to guarantee to pass the course. Failing either component may lead to failure in the course. The passing mark is generally 50.