Financial Accounting and Taxation

Course Coordinators:

• Wong Wing Shun, BA (Hons) (CityU of HK); MSc (CityU of HK); MCG (HKMU); FCCA (ACCA); CPA (HKICPA); ACG, HKACG (HKCGI)
• Thomas Lau, BBA (HKU); MACC (CUHK); CPA (HKICPA)

Aims
The 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:

• An overview of financial accounting
• Operating activities
• Investing activities
• Financing activities
• Other issues in financial reporting
• Financial reporting by groups of 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
There will be seven three-hour tutorials and one six-hour day school.

Assessment
There are two assignments and one examination. Students must use Microsoft Word to prepare the assignments and submit the assignments via the Online Learning Environment (OLE).

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

Setbook(s)
HKICS online study materials will be provided.