MSc Professional Accounting and Corporate Governance

Year of Entry


Application Deadline

Application Closed

Mode of Study


Mode of Funding


Indicative Intake Target


Minimum No. of Credits Required


Class Schedule

Professional Accounting Stream (PA Stream†): Weekday daytime and evenings and/or Saturday daytime; Corporate Governance Stream (CG Stream†): Weekday evenings and 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
Programme Aims and Objectives

The MScPACG 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.

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:

  • a score of 59 (revised paper-delivered test) or 79 (Internet-based test) on the Test of English as a Foreign Language (TOEFL)@#; or
  • an overall band score of 6.5 in International English Language Testing System (IELTS)@; or
  • a score 450 in the new College English Test (CET6) of Chinese mainland; or
  • other equivalent qualifications.

@TOEFL and IELTS scores are considered valid for two years. Applicants are required to provide their English test results obtained within the two years preceding the commencement of the University's application period. 

# Applicants are required to arrange for the Educational Testing Service (ETS) to send their TOEFL results directly to the University. The TOEFL institution code for CityU is 3401.

Fellowships Scheme

Fellowship awards are available for local students admitted to this programme under the Fellowships Scheme supported by the HKSAR Government. This programme in the priority area of “Business” is one of the targeted programmes listed under the Fellowships Scheme with 10 fellowship awards. Local students admitted to the programme in full-time, part-time or combined study mode will be invited to submit applications for the fellowships. 

Course Description

Core Courses (12 credit units)

  • Accounting Information Systems
  • Advanced Taxation
  • Corporate Governance
  • Law Relating to Business and Companies

Programme Stream (18 credit units)

Core Courses

Participants can choose one of the following two streams:

Professional Accounting Stream

  • Auditing
  • Corporate Accounting
  • Cost and Management Accounting
  • Financial and Management Accounting
  • Financial Management
  • Financial Reporting

Corporate Governance Stream

  • Boardroom Dynamics
  • Companies and Securities Regulations and Practice
  • Corporate Finance and Policies
  • Corporate Financial Reporting
  • Risk Management
  • Strategic Management and Business Policy

Electives (Optional)

Professional Accounting Stream

  • Boardroom Dynamics
  • Business Management for Accountants
  • Companies and Securities Regulations and Practice
  • Economics for Business
  • Professional Internship
  • Quantitative Decision Making Techniques
  • Risk Management
  • Strategic Management and Business Policy

Corporate Governance Stream

  • Auditing
  • Business Management for Accountants
  • Cost and Management Accounting
  • Economics for Business
  • Professional Internship
  • Quantitative Decision Making Techniques

Note: The course list and curriculum are subject to change and periodic review. 

Professional Accreditation

Hong Kong Institute of Certified Public Accountants (HKICPA)

This programme is an accredited programme by the HKICPA.  Graduates of the programme are required to pass the subjects as indicated in the approved curriculum (refer to the website at http://www.cb.cityu.edu.hk/ac/programmes/postgraduateAndRD/) in order to qualify for exemption of the relevant Associate Modules of the new Qualification Programme (QP).

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 and completed the academic qualification(s) within the last five years are eligible for exemption of the Modules concerned*. The final decision rests with the HKICPA.

*The exemption is subject to fulfilling the requirements of 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):


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.

# The exemption list is subject to periodic review by ACCA.

CPA Australia

This programme is accredited by CPA Australia.  Students of Professional Accounting Stream will be granted exemptions from all 6 foundation exams, subject to the successful completion of the required fundamental subjects either in bachelor's degree from 211/985 universities or this accredited master's programme.

Hong Kong Institute of Chartered Secretaries (HKICS) and The Chartered Governance Institute (CGI)

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

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


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

  • AC Entrance Scholarships
  • AC Academic Excellence Scholarships

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

†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.