YING WA GIRLS’ SCHOOLYING WA GIRLS’ SCHOOLBusiness,Business,

Accounting and Accounting and

Financial Financial

StudiesStudies

Prepared by: Mr. CHEUNGPrepared by: Mr. CHEUNG

Business Studies

Principles of Accounts

Commerce

Principles of Accounts

BAFS

Financial Studies

HKALE HKCEE

BusinessEnvironment

Introductionto

Management

Introductionto

Accounting

Basics of PersonalFinancial

Management

FinancialAccounting

CostAccounting

FinancialManagement

MarketingManagement

Human Resources Management

Compulsory Part

Business, Accounting and Financial Studies

ElectivePart

Accounting Accounting ModuleModule

Business Business Management Management

ModuleModule

40%40% 60%60%ACCT:70%ACCT:70%

BAFSAccounting profession

Financial / managerial accountingCalculate profit, assets and liabilities… and make

decision!

Business environmentDevelopment of HK, ethics, entrepreneur

ManagementBe an effective manager:Financial, human resources, risk, operation, marketing, organizational, logistic… and ethics

Financial studiesAs an smart investor:Know the market and products, learn risks and returns, draft portfolio, protect yourself…

Opportunity costMoney and bankingTime value of money

Types of production, GDP, inflation and unemployment

Sole trader, partnership, company

Links

• BAFS• www.edb.gov.hk/FileManager/

EN/Content_5999/bafs_final_e.pdf

• ECONOMICS• http://www.edb.gov.hk/

FileManager/EN/Content_5999/econ_final_e.pdf

Qualities of studying BAFS

• Analytical mind• Applications and scenariosApplications and scenarios• Current issuesCurrent issues

• Hardworking• Terms and vocabulary Terms and vocabulary • Foundation of business subjectsFoundation of business subjects

• Mathematics skills • Very important! Such as…Very important! Such as…• Processing Processing ＋＋ , , －－ , ×, ÷, % , ×, ÷, % • Q.U.I.C.K.I.L.YQ.U.I.C.K.I.L.Y• But nothing else!But nothing else!

BAFS Syllabus:some examples

Business Environment

• Hong Kong Business Environment

• Forms of Business Ownership

• Business Ethics and Social Responsibilities

Introduction to Management

• Effective Management

• Entrepreneurship and Small and Medium Enterprises (SMEs) Management

• Business Communication

Basics of Personal Financial Management• Time Value of Money

• Financial Market

• Consumer Credit

• Personal Financial Planning

• Investor Protection

What is Accounting?

Accounting is concerned with:

1. Recording of data (book-keeping)

2. Classifying and summarizing data (financial statements)

3. Communicating the data for decision making (annual report and accounting ratios)

Elective Part: Accounting

• Limited company accounts• Types of shares• Issue of shares

• Types of dividends

• Distribution of dividends

Elective Part: Accounting

• Debtors• Bad debts written off• Provision for bad debts

Elective Part: Accounting

• P/E ratio • Other accounting ratios• Analysis of profitability and financial position of different companies

Elective Part: Accounting

Career DevelopmentFor example : Accounting ( e.g. auditor , financial controller , chief accountant )Finance ( e.g. financial analyst , financial planner )Management ( e.g. chief executive officer , general manager )Education ( e.g. teachers , academics , educators )

Sub-degrees ( including associate degrees , higher diplomas and diplomas )e.g. Business Administration ,

Finance , Tourism

4-year Bachelor Degree s e.g. Business Administration ,

Accounting , Finance ,Information Systems

Business, Accounting and Financial Studies

Academic and career prospects

Some accounting degrees in HKHKUBachelor of Business Administration in Accounting and Finance工商管理學學士 ( 會計及財務 )

HKUSTProfessional Accounting工商管理學士 ( 專業會計學 )

CUHKProfessional Accountancy專業會計學

POLYUBBA (Hons) in Accountancy會計學 ( 榮譽 ) 工商管理學士學位

The direct route to become a CPA

Accounting Degree

HKICPA[Hong Kong Institute of Certified Public Accountants]

Qualification Programme

Accounting Experience

Workshops Examinations

Certified Public Accountant (CPA)Certified Public Accountant (CPA)

+

=

http://www.hkicpa.org.hk/

THE ENDTHE END55thth March 2010 March 2010