MSc Professional Accounting and Corporate Governance

Year of Entry


Application Deadline

Application Closed

Mode of Study


Mode of Funding


Intermediate Award

Postgraduate Diploma and Postgraduate Certificate in Professional Accounting and Corporate Governance

Indicative Intake Target


Minimum No. of Credits Required

Master's Degree: 36, Postgraduate Diploma: 24, Postgraduate Certificate: 12

Class Schedule

Professional Accounting Stream (PA Stream†): Weekday daytime and evenings and/or Saturday daytime; Corporate Governance Stream (CG Stream†): Weekday evenings and/or Saturday afternoons. Evening classes normally start at 7:00pm with a duration of 3 hours.

Normal Study Period

Full-time: 1 year (PA Stream†)
Part-time: 2 years (PA Stream† & CG Stream†)

Maximum Study Period

Full-time: 2.5 years;
Part-time/Combined mode: 5 years

Mode of Processing

Applications are processed on a rolling basis. Review of applications will start before the deadline and continue until all places are filled. Early applications are therefore strongly encouraged.
Programme Leader
Dr Zheng WANG
PhD (Maryland)
+852 3442 5204
+852 3442 0349
General Enquiries
AC General Office
+852 3442 7760
+852 3442 0349
Programme Aims and Objectives

The MSPACG programme aims to provide an active learning environment to develop students for leadership positions in the professional accounting and corporate governance area in Hong Kong and the Greater China region.

Programme Intended Learning Outcomes (PILOs)

Upon successful completion of this Programme, students should be able to:

  1. Apply creative and critical thinking, analytical, qualitative and quantitative skills to business problem solving with special reference to accounting and governance functions.
  2. Explain, analyze and apply relevant rules and regulations related to accounting and corporate governance issues.
  3. Recognize ethical dilemmas and legal issues and respond appropriately by applying relevant ethical and legal concepts and codes of ethics issued by relevant authorities.
  4. Apply creative and critical thinking in solving accounting, corporate governance and related business problems using a multi-disciplinary approach.
  5. Communicate, work and manage themselves effectively both independently and within a team environment.
Entrance Requirements

For Professional Accounting Stream, applicants must:

  • hold a non-accounting degree from a recognised university;
  • hold an equivalent qualification acceptable to CityU.

For Corporate Governance Stream, applicants must:

  • hold a degree from recognised universities or professional membership from recognized institutions; or
  • hold an equivalent qualification acceptable to CityU.

Applicants whose entrance qualification is obtained from an institution where the medium of instruction is not English should also fulfill the following minimum English proficiency requirement:

  • Score 550 (paper-based test) or 59 (revised paper-delivered test) or 79 (Internet-based test) in the Test of English as a Foreign Language (TOEFL); or
  • Overall band score of 6.5 in International English Language Testing System (IELTS); or
  • Score 450 in the new College English Test (CET6) of Chinese mainland or a pass in the old CET-6 test; or
  • Other equivalent qualifications


Course Description

Core Courses — Advanced Taxation; Corporate Governance; Economics for Business; Financial Management; and Law Relating to Business and Companies.


Required Courses

Participants can choose one of the following two streams:

  • Professional Accounting Stream — Accounting Information Systems; Auditing; Corporate Accounting; Cost and Management Accounting; Financial and Management Accounting; Financial Reporting; and Quantitative Decision Making Techniques.
  • Corporate Governance Stream — Business Ethics for Professional Accountants and Company Secretaries; Companies and Securities Regulations and Practice; Corporate Accounting I; Corporate Accounting II; Corporate, Employment and Business Law; Human Resources Management; Strategic Management and Business Policy.


Electives (Optional)

Professional Accounting Stream (two courses from the following):

  • Business Ethics for Professional Accountants and Company Secretaries
  • Companies and Securities Regulations and Practice
  • Corporate, Employment and Business Law
  • Human Resources Management
  • Professional Internship
  • Strategic Management Accounting
  • Strategic Management and Business Policy

Corporate Governance Stream (two courses from the following):

  • Accounting Information Systems
  • Auditing
  • Cost and Management Accounting
  • Professional Internship
  • Quantitative Decision Making Techniques

Note: The course list is subject to change during the academic year.

Professional Accreditation

Hong Kong Institute of Certified Public Accountants (HKICPA)

All core and required courses in the Professional Accounting Stream have been accredited as a Conversion Programme of the HKICPA, offering entry to its Qualification Programme.

Applicants have the responsibility to check the syllabuses of the Associate Level Modules of the new QP, their official transcripts and the syllabus of subjects studied, to ascertain that their previous studies at the undergraduate level are on a par with the corresponding QP modules and hence qualify for module exemption.  Otherwise, students are required to study and pass the designated elective course(s) if they would like to enroll in the new QP and obtain exemption of those relevant QP modules.

Only those students who have studied and passed in the subjects with substantial coverage relevant to Modules of the Associate Level of the new QP of HKICPA are eligible for exemption of the Modules concerned#. The final decision rests with the HKICPA.

To learn more about the new QP, you may wish to refer to the Position Paper of the new QP, which was released in January 2017 (link appended below):


# The exemption is subject to fulfilling the requirements of HKICPA.


Association of Chartered Certified Accountants (ACCA)

Professional Accounting Stream is also recognized by the ACCA for a possible maximum exemption of 9 papers* from its professional examination scheme.

*  Exemption list is subject to periodic review by ACCA.


CPA Australia

CPA Australia has accredited the Master of Science in Professional Accounting and Corporate Governance since 2015.


Hong Kong Institute of Chartered Secretaries (HKICS) and Institute of Chartered Secretaries and Administrators (ICSA)

Corporate Governance Stream graduates may enjoy full exemption from the professional examinations of the HKICS and the ICSA**.

**The full exemption is subject to fulfilling the requirements of HKICS.



Subject to funding and annual approval, admitted applicants are automatically considered for three types of scholarships (hence, no separate application is necessary):

  • AC Entrance Scholarships
  • AC Academic Excellence Scholarships
  • AC Internship Awards (for Professional Accounting Stream)

For details, please visit AC website at http://www.cityu.edu.hk/ac under Programmes & Courses.

Bonus Features

Applicants who meet the entry requirements but wish to exit early from the programme may apply for the Postgraduate Diploma or Postgraduate Certificate of the programme after completion of the designated courses and number of credit units.

†Part-time mode for Corporate Governance Stream. Combined mode for Professional Accounting Stream.
† Combined mode: Local students taking programmes in combined mode can attend full-time (12-18 credit units per semester) or part-time (no more than 11 credit units per semester) study in different semesters without seeking approval from the University. For non-local students, they will be admitted to these programmes for either full-time or part-time studies. Non-local students must maintain the required credit load for their full-time or part-time studies and any changes will require approval from the University.