Master of Science ACCOUNTING AND FINANCE

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1 Master of Science ACCOUNTING AND FINANCE In collaboration with University of Hull, UK School of Professional and Continuing Education College of Business and Finance January 2015

2 MSc ACCOUNTING AND FINANCE UNIVERSITY OF HULL Hull University Business School Established in 1927, University of Hull encompasses world-class teaching, research, impressive facilities, and a strong support network for over 20,000 students. The Business School has gained an enviable reputation as a centre of excellence for teaching, learning and research, as recognised by a number of independent accreditation and assessment bodies. Association of MBAs (AMBA) accreditation for its MBA course strengthens the school s status as a leading UK business school. Also, the school has recently achieved accreditation from The Association to Advance Collegiate Schools of Business (AACSB). Hull University Business School s research strength is in its performance in the latest Research Assessment Exercise: 85% of research returned by the school was as of an international standard, with over half that judged to be internationally excellent or world-leading. INTRODUCTION This programme is offered in collaboration with the University of Hull, UK. The MSc programme is designed for students to develop solid The programme enables students to: Critically make judgments about theory and practice in accounting and Apply transferable concepts such as governance, accountability and expectations to analyse issues in accounting Formulate research questions in a particular accounting and context that are based on appropriate conceptual frameworks, Extract, interpret and analyse statements for forecasting, valuation and managing risk in business Use numerical analysis appropriately in accounting and problem-solving and information presentation PROGRAMME HIGHLIGHTS Same dual-major degree now running in the UK by University of Hull Face-to-face teaching by Hull and local lecturers with global and market exposure Enable students to apply finance and accounting principles in evaluating the costs and benefits of strategic decisions Direct students the right path for growth and success in field of accounting and finance

3 PROGRAMME OVERVIEW Awarding University University of Hull Study Mode Part time Duration 24 months Medium of Instruction English Tuition Fee* HK$130,000 per programme (9 units in total) Application Fee HK$200 *The tuition fee is revised annually and is subject to change without prior notice. PROGRAMME STRUCTURE The MSc Accounting and Finance programme consists of 9 modules with 180 credits: Year Semester Module Title Year 1 Semester 1 Issues in Accounting and Accountability Professional Skills and Ethics Corporate Accounting and Financial Institutions Year 1 Semester 2 Foundations of Finance Financial Statement Analysis and Corporate Valuation Year 1 Semester 3 Accounting, Organisation and Control Option module - Information Systems in Business or Public Sector Accounting and Accountability Year 2 Semester 4 Corporate Financial Management Research Methods and Dissertation (Research Methods Part) Year 2 Semester 5 & 6 Research Methods and Dissertation (Dissertation Part) The above programme structure is intended to be used as a guide by prospective students. HKU SPACE and the University of Hull reserve the right to vary the structure. ENTRY REQUIREMENTS Applicants should have: a. a good honours degree or equivalent qualification; and b. one academic or work reference; and c. a good command of English. If the degree or equivalent qualification is from an institution where the language of teaching and assessment is not English, applicants shall provide evidence of English proficiency, such as: i. an academic IELTS 6 (5.5 in all skills) ii. or TOEFL IBT 79 (skills scores 17 Listening, 18 Reading, 20 Speaking, 17 Writing) iii. or Pearson PTE 54 overall with 51 in each skill iv. or Hong Kong Diploma of Secondary Education (HKDSE) Level 4 overall in English Language with a minimum of level 3 in each skill v. or HKALE Use of English at Grade E or above and a pass in all elements It is recommended that applicants should have a good level of competence in quantitative skills, such as have gained in the HKCEE Grade E in Mathematics or in the HKDSE Examination Level 2 in Mathematics, or equivalent. Any applicants not meeting the standard set of criteria for admission will be evaluated on an individual basis.

4 MODULE DESCRIPTION Issues in Accounting and Accountability The purpose of this unit is to enable students to gain a better understanding of a number of major issues in financial reporting, auditing and corporate governance and their impact on business and society. This module enables students to develop awareness of the wider issues and implications of accounting on business and society. This includes issues related to the development of accounting regulation and accounting theory, accounting issues in an international context, issues related to auditing and corporate governance, and issues related to social and environmental accounting. Professional Skills and Ethics This module provides guidance on academic and professional skills by integrating ethical theory with personal, organisational and societal levels of analysis. The aims of this module are two-fold. It enables students to develop their academic and professional skills, in order to place them within the context of their career aspirations, as well as to introduce students to ethical theory and issues, to enable them to develop a critical understanding of the complex interrelationships between personal conduct, organisational policy and procedures, and the role of organisations and management within society. This module stimulates students to reflect on how their own values and aims as managers affect themselves and others. Corporate Accounting & Financial Institutions This module aims to provide students with a solid understanding of the fundamental principles of financial accounting, management accounting, audit and corporate governance. The module also aims to ensure students are aware of the basic principles of modern financial markets, institutions, instruments and the role of participants in the financial system. In particular the module looks at how different parts of the financial system operate and are interlinked, what tools are available for managers especially when accounting for and financing a business, who the main participants of the financial markets providing funds are, such as institutional investors and the type of markets in which funds for a business can be raised. Foundations of Finance This module aims to provide students with a thorough understanding of key issues in the theory of finance and the relevance of theory for financial decision making for investors and firms. Distinctively from other introductory finance modules, emphasis is given to a thorough grounding in theoretical and applied finance. Specifically, a closer examination of risk-return relationship, portfolio analysis, asset pricing, capital structure, dividend policy and financial derivatives and risk management will be provided, where the material presented for each topic will also include empirical evidence relevant to the theory. Although the module is technical in nature, it does not require a prior knowledge of theoretical finance. Another distinctive feature of the module is its flexibility. It is designed to provide essential skills to both those wishing to follow careers in finance and those wishing to pursue further research in finance. Financial Statement Analysis and Corporate Valuation This module is designed to provide students with an understanding and critical awareness of the key features of financial statements and the skills to critically analyse these statements for a variety of decision contexts, including investment analysis, credit analysis, financing policies analysis and management communication analysis. This module develops students knowledge of the theory and practice of financial statement analysis and to place it in its broad business, accounting and financial context. The distinctive feature of this module is its emphasis on the analytical skills to use financial statements to analyse businesses and the link between financial statement data and stock market valuation. Accounting, Organisations and Control This module aims to enable students to develop their understanding of the issues and implications of accounting and control processes in an organizational setting and their impacts on businesses, governments and society. This includes greater understanding of the recent developments in contemporary management accounting and the role of the management accountant. This involves the issues associated with management accounting change programmes; management accounting applications in the public sector; the roles of global actors and networks in the diffusion of new practices; interfaces between management accounting and related disciplines/areas such as MIS, operations management;, corporate governance and risk management and environmental accounting agendas; and the implications of these issues for economy and society.

5 Information Systems in Business This module aims to introduce students to the fundamental knowledge about the theory and management of information system (IS) through the transformation of business enterprise. It also helps students critically assess the latest development of IS and participate in the businessvalue driven decision-making concerning the development, implementation and relevant IS issues. Public Sector Accounting and Accountability This module enables students to develop a better understanding of the issues of new public sector management, accounting and accountability within the public sector and not-for-profit organisations. Students will also understand the impact of new public management, marketization and consumerism upon accounting practice in the public sector. Emphasis will be placed on the roles of accounting and the construction of accounting numbers in decision-making, performance evaluation, control, governance and risk management, initiatives as part of complex control mechanisms in the public sectors. Corporate Financial Management This module explores a range of issues related to various investment and financing decisions under diverse market conditions that vary across borders, which, in the due course, provides the participants with broad knowledge, fundamental theories, and in depth analytical skills required by modern corporate financial management. This module develops a systematic understanding of corporate investment decisions and financing decisions against a competitive and uncertain economic and financial environment that has become increasingly integrated internationally, in conjunction with in-depth examinations of the effect of corporate financial policies on firm value. The distinctive feature of this module is its empirical nature. Participants are encouraged to develop critical views on issues presented in tutorial exercises used in this module. Where possible, lecture and tutorial discussion will attempt to resort to contemporary case study examples. Research Methods This module enables students to identify and reflect a range of skills and issues associated with postgraduate and management research. It consists of two main strands: approaches to business and management research (including ethical issues) and research methods in practice. The first strand enables students to consider a variety of research skills associated with business and management settings. It introduces research paradigms and theroretical traditions. In addition, students will explore some of the ethical issues they are likely to confront in carrying out research in organisations. Students will also learn about different research techniques to help them produce and carry out a research project. MSc Dissertation The dissertation provides students with an opportunity to develop their interests in an area appropriate to the main subject of their chosen MSc programme and to demonstrate an ability for individual research. It is the final integrating piece of work, built upon the taught modules and underpinned by a research methods module specific to their chosen programme. The research proposal prepared as part of that module could form the basis for the dissertation. The research process requires students to utilise the analytic, intellectual and knowledge skills developed during their programme. The dissertation is based on a piece of personal research undertaken by the student into an issue of personal concern or interest that relates to the material studied in their programme. Students are strongly encouraged to base their topic in business-related areas involving some primary research. The dissertation itself should demonstrate the student s understanding of appropriate theories and research methodologies as well as critical awareness of issues in the particular area that has been researched.

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7 Jan 2014 Master of Science ACCOUNTING AND FINANCE APPLICATION FEE: HK$200 AC / I. PERSONAL PARTICULARS Name in Chinese Please complete in BLOCK LETTERS, and tick the appropriate box(es). Name in English Title * Mr / Mrs. / Ms. / Miss Nationality Sex * Male / Female Date of Birth Permanent HK Resident Yes No (if No, please see Notes to Non-local Applicants) HKID Card / Passport No. Correspondence Address Home Telephone Office Telephone Fax. No. Mobile Phone Address * Please delete the inappropriate Current Occupation Position Employer s Name / Address Emergency Contact Person Contact Person Received the sum imprinted In case of emergency, we may need to contact your family or friend. Please suggest. Phone Received the sum imprinted Name Full Postal Address Fees are not refundable. Please also also complete this this partpart. Note: Note: The The HK$200 HK$150 application fee is fee non-refundable is and will and cover will cover the cost the of cost processing of processing your your application. If you When are accepted validated to attend by machine the course, this the will course also serve fee will to be acknowledge collected. receipt of your application for the above course. If you are accepted to attend the course, the course fee will be collected. Please see overleaf

8 ACADEMIC & PROFESSIONAL QUALIFICATIONS (IN REVERSE CHRONOLOGICAL ORDER) Please state qualifications relevant to the programme/course entry requirements you are applying for and attach the relevant proof of qualifications. Institution Award Received Dates of attendance (From / To) Professional Membership No. (optional) Part-time or Full-time TERTIARY EDUCATION Attach academic transcripts from all tertiary institutions attended. Examination IELTS TOEFL Others (Please specify) WORK EXPERIENCE In reverse chronological order: 1. Please list below your relevant work experience 2. Please attach an abbreviated resume which summarizes major professional achievements and job responsibilities that will be used to evaluate your professional experiences and qualifications Name of company Position held Full-time/ Part-time Date of employment (mm/yy to mm/yy)

9 OCCUPATIONAL BACKGROUND (for the current / latest employment) q Finance q Banking q Accounting q Marketing q IT q Education q Government q Unemployed q Others (Please specify): Fees (Please state who will be responsible for paying your course fees. If other than yourself, please give name and address of funding body): ADDITIONAL INFORMATION: Give any other information you wish to support your application, including a list of your publications (if applicable). Continue on a separate sheet if necessary

10 HKU SPACE ALUMNI All new enrolled students in the School will automatically become ordinary members of the HKU SPACE ALUMNI. If you DO NOT WISH to be a member of the HKU SPACE ALUMNI, please check this box. Equal Opportunities for Learning at HKU SPACE It is the School policy to offer equal opportunities to all applicants with or without disabilities. To enable us to meet the needs of all students, you are invited to indicate on this form whether you require any special assistance. If you do need such assistance, the School may approach you subsequently to obtain further details so as to facilitate our planning and assess how best we can help you. Special assistance required Yes No Statement on Collection of Personal Data 1. It is necessary for applicants to supply their personal data and to provide all the information requested in the application documents, as otherwise the School may be unable to process and consider their applications. 2. The personal data provided in this form will be used for processing your application for admission, and for registration, academic and administrative communication, alumni management and contacts, research, statistical and marketing (including direct marketing) purposes. The data will be solely handled by HKU SPACE staff but may be transferred to an authorised third party providing services to the School in relation to the above purposes and prescribed purposes as allowed by the law from time to time. 3. When the processing and consideration of all the applications for a particular programme have been completed: (a) the application papers of unsuccessful candidates will be destroyed (if you have indicated to receive our promotional materials in Paragraph 6 then your contact details and related papers would be retained for such purposes); and (b) the application papers of successful candidates will serve as part of the applicant s official student records and will be handled by HKU SPACE staff or by staff of an authorised third party providing services to the School in relation to the stated purposes. In all such circumstances, please be assured that any personal information you supply will be kept strictly confidential. 4. Upon enrolment, applicants will be required to submit a recent colour photo for student identification purpose. 5. The School will send urgent messages to students via Short Message Services (SMS) and supplement by other means such as (if the need arises). It is therefore important that the mobile phone and address that the applicant provides are accurate. Any change should be reported to the School immediately. Those who have genuine difficulty in receiving urgent messages via SMS should contact the programme teams for separate arrangements. Use of Personal Data related to Direct Marketing 6. From time to time, the School will send the latest updates and promotional materials to applicants/students and alumni on the availability of the programmes and courses, seminars and events, discounts and offers, clinics and other services as well as the alumni events, privileges and offers, networking opportunities and fund-raising initiatives through various communication channels such as direct-mail, and mobile phone, by using your personal data (including, but without limitation to, your name, contact details and other information collected in your profile such as the programme(s) you enrolled, your graduation year etc). You always have the right to make subsequent changes on your choice of receiving further marketing materials by sending a written unsubscribe request (by or by post) to the School at any time. If you DO NOT WISH to receive our latest updates and promotional materials through the communication channels as stated above, including discounts and offers from time to time, please check this box. 7. Under the provisions of the Personal Data (Privacy) Ordinance, applicants have the right to request the School to ascertain whether it holds your personal data, to be given a copy, and to apply for correction of the data, if deemed incorrect. Applications for access to personal data should be made by using a special request form and on payment of a fee. Such applications for access of information should be addressed to the Data Protection Officer, HKU SPACE. For general requests of personal data amendment, please fill out the Application Form for Personal Data Amendment and submit it to HKU SPACE. 8. For details on the School s policy on personal data (privacy), please refer to the School Prospectus or Website. General Notes to Applicants 1. Enrolment can be done in person at any of the School s Enrolment Counters by completing this application form and submitting it with the appropriate fee and relevant documents. You can also mail to the The Programme Director, Executive Certificate In Licensing Practices HKU SPACE 34/F, United Centre, 95 Queensway, Hong Kong. 2. Fees paid by crossed cheque or bank draft should be made payable to HKU SPACE. 3. For general and short courses, applicants may be required to pay the course fee in cash or by EPS, Visa or MasterCard if the course will start shortly. 4. If admission is on a first come, first served basis and if you do not hear from us before the course starts, you may assume that your application has been accepted, and should attend the course as scheduled. 5. If admission is by selection, the official receipt is not a guarantee that your application has been accepted. We will inform you of the result as soon as possible after the closing date for application. Unsuccessful applicants will be given a refund of programme/course fee if already paid. 6. If you do not know the teaching venue within 3 days of the starting date of the course, please check with the relevant programme team. 7. Course fees paid are not refundable except as statutorily provided or under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment). 8. Please refer to the HKU SPACE Prospectus and the official website for full details of enrolment procedures for HKU SPACE Programmes. Notes to Non-local Applicants To study in Hong Kong, all non-local applicants are required to obtain a student visa issued by the Immigration Department of the HKSAR Government, except for those admitted to Hong Kong as dependants, who do not need prior approval before taking up full-time and part-time studies. Non-local applicants issued with a valid employment visa also do not need prior approval to pursue part-time studies. It is the responsibility of individual applicants to make appropriate visa arrangements. Admission to a HKU SPACE academic programme/course does not guarantee the issue of a student visa. Applicants may wish to note that part-time courses are generally not considered by the Immigration Department for visa purposes except for self-financed, part-time locally accredited taught postgraduate programmes awarded within the HKU System through HKU SPACE. Declaration 1. I declare that all information given in this application form and the attached documents are, to the best of my knowledge, accurate and complete. 2. I authorise the School to obtain, and the relevant authorities to release, any information about my qualifications and/or employment as required for my application. 3. I consent that if registered, I will conform to the Statutes and Regulations of the University and the rules of the School. 4. I have noted, understood and agree to the contents of the above notes, Statement on Collection of Personal Data and HKU SPACE policy on personal data (privacy). Signature Date

11 Application form for MSc Accounting and Finance Part-Time Programme (Hong Kong) HKUSPACE Course Code: AC Title: (eg Miss, Mrs, Mr) PLEASE PRINT INFORMATION CLEARLY Date of Birth: (dd/mm/yy) Previous family name: (if applicable) Forename(s): (Given Name) Family name: (surname) Chinese name: HKID No.: Male / Female: Registration Number: (if previously or currently a student at University of Hull) Nationality: Proposed programme start date: (see note 1) Month: Year: Home address: Correspondence address: (if different to Home address) Country: Country: I can receive correspondence at this address until: (dd/mm/yy) Telephone numbers: Mobile: Home: Office: (if available) Disability : (see note 2) The University welcomes applications from disabled students and wants to ensure that students are informed about the support for teaching, learning and assessment that can be made available to support particular disabilities Do you consider yourself to have a disability? Yes No Please use the space below to tell us about your disability:

12 Name of School, College or University attended (including name, town & country) Education (see note 3) Qualification(s) Completed (State award type, overall mark/grade, subject/s taken). Please also attach certificates and transcripts of completed studies. From (month/year) To (month/year) Name of School, College or University attended (inc name, town & country) Education (see note 3) Qualification(s) Still to Be Completed (State award type, subject/s taken). From (month/year) To (month/year) English Language Qualification (see note 3) If English is not your first language please give details of the most recent English test you have taken and attach the certificate. Test: Date of Test: Result: Work Experience (in reverse chronological order) Name of Company Position Full-time / part-time From (month/year) To (month/year) NOTES 1. Personal data provided as part of an application for admission will, during the admissions process, be used solely for the purpose of admission, and in this connection the data will be handled by HKU SPACE and University of Hull staff only. 2. Applicants are advised to provide all of the information requested in the application documents, where applicable, as otherwise the HKU SPACE and the University of Hull may be unable to process and consider their applications. 3. When the processing and consideration of all the applications for a particular programme have been completed: (a) the application papers of unsuccessful candidates will be destroyed; and (b) the application papers of successful candidates will become part of the student file, in which connection, the data will thereafter be handled by HKU SPACE and University of Hull staff. 4. Under the provisions of the Personal Data (Privacy) Ordinance, applicants have rights to request access to, and to request the correction of their personal data. Applicants wishing to access or make corrections to their data, should submit written requests to the School of Professional and Continuing Education, The University of Hong Kong.

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14 Referee (see note 4) This section is not required for Hong Kong University SPACE students progressing to a degree programme Name: Position / Job title: What is this person s relationship to you?: (eg maths tutor) Address: address: Personal Statement Please write a brief summary of your reasons for applying to the University of Hull for the chosen programme and provide any additional information that you wish to be considered by the Admission Tutor you may, for example, wish to mention relevant work experience. If you have been out of education for some time please explain briefly why you wish to return to study. This section is not required for HKU SPACE students progressing to a degree programme

15 Please read these notes carefully before completing the application form. You are welcome to attach additional papers and use extra sheets if there is not enough space on the form. This form is for use only by: Students wishing to enter a University of Hull undergraduate degree programme taught overseas. NOTES FOR COMPLETING THE APPLICATION FORM 1 Start Date Please check the programme literature for relevant start dates. 2 Disability It is the School policy to offer equal opportunities to disabled and non-disabled applicants. To enable us to meet the needs of all students, you are invited to indicate on this form whether you consider yourself to have a disability. If you declare a disability, the School may approach you subsequently to obtain further details so as to facilitate our planning and assess how best we can provide support. Please be assured that any personal information you supply will be kept strictly confidential. Where necessary, the information will be communicated to other members of the HKU SPACE and the University of Hull educational and support services. If you are successful your student record will show that you have declared a disability. 3 Previous Education There are three sections, the first is for qualifications which are already completed (ie you have finished the course). In this section, you must list all qualifications that you have completed since age 15. Please ensure that you provide verification of these qualifications by attaching officially certified copies of certificates/transcripts to the application form. The second section is for qualifications that are currently incomplete (ie examinations where results are still pending). If up-to-date transcripts are available these should also be attached to the application form. If not currently available, these should be provided as soon as they become available. The third section is for you to list your most recent English Language qualification (if English is not your first language). Please ensure that you provide verification of this qualification by attaching an officially certified copy of the certificate to the application form. If meeting with a University representative you may provide photocopies of certificates/transcripts if you show the originals to our representative. 4 Referee Please provide the details of your referee, preferably someone who can comment on your academic ability. You may wish to enclose a sealed reference with your application. This is not required for HKU SPACE students progressing to a degree programme. 5 Declaration Please read the declaration carefully, then sign and date the statement once you have completed the form. 6 Criminal Convictions Declaration To help the University of Hull reduce the risk of harm or injury to its students caused by the criminal behaviour of other students, we must know about any relevant criminal convictions that you have. Relevant criminal convictions are only those convictions for offences against the person, whether of a violent or sexual nature, and convictions for offences involving unlawfully supplying controlled drugs or substances where the conviction concerns commercial drug dealing or trafficking. Convictions that are spent (as defined by the UK Rehabilitation of Offenders Act 1974) are not considered to be relevant and you should not reveal them. You must enter an X in the Criminal Convictions box if you have a relevant criminal conviction that is not spent. If you enter an X in the box, you will not be automatically excluded from the application process. However, we may want to consider your application further or ask you for more information before making a decision. If you are convicted of a relevant criminal offence after you have applied, you must tell us. Do not send details of the offence; simply tell us that you have a relevant criminal conviction. We may then ask you for more details. Equal Opportunities The Equal Opportunities Policy for the Admission of Students is available from The application form and accompanying notes are available in an alternative format from the College of Business and Finance at HKU SPACE

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19 DURATION OF STUDY AND AWARD Students can complete the programme in 24 months in part-time mode. Upon satisfactory completion, students will be awarded the MSc Accounting and Finance by the University of Hull. TEACHING MODE All modules will be taught through face-to-face lectures conducted by both Hull and HKU SPACE lecturers. Each module comprises 24 to 36 contact hours in a combination of lectures and tutorials. ASSESSMENT Assessment for most of the modules is based on a combination of continuous assessment and / or final end-of-semester examination. All students are required to undertake a dissertation or project which must be passed in its own right. PROFESSIONAL RECOGNITIONS Chartered Institute of Management Accountants (CIMA): Students are eligible to take CIMA Master Gateway Assessment during the 2nd year of study before graduation. Successful completion of CIMA Master Gateway and the HULL MSc Accounting & Finance programme will lead to 11 exemptions from CIMA professional examinations and be awarded the CIMA Advanced Diploma in Management Accounting The Association of Chartered Certified Accountants (ACCA): Graduates are eligible for exemption of Papers F1 to F4 Scholarships are offered to: - All alumni of the University of Hull - Full members of the following professional bodies: TMA, ACCA, CIMA, AIA, HKICPA and CPA Australia FURTHER STUDIES A qualification from the University of Hull is well recognised internationally. Graduates of the programme may pursue further studies in accounting, finance and other business-related disciplines at postgraduate level. CAREER OPPORTUNITIES The demand for accounting and finance talents in Hong Kong has always been strong, especially with multinational corporations continuing to pursue expansion into China and to look for candidates with solid accounting and finance skills. Therefore, graduates of this dual-major programme are well equipped with the advanced knowledge and skills in both accounting and finance disciplines to pursue a professional career in accounting, financial services or related sectors of the economy. Information in this publication is compiled by of HKU SPACE. Every care has been taken to insure its accuracy; however, the school will not be responsible for errors and reserves the right to amend programs, requirements and policies at any time without further notice. These are exempted courses under the Non-Local Higher and Professional Education (Regulation) Ordinance. It is a matter of discretion

20 PROGRAMME ENQUIRIES Mr. KK Ho Tel: Joyce Li Tel: WEBSITE AND ONLINE APPLICATION