This is an accountancy and finance master programme accredited by the Association of Chartered Certified Accountants (ACCA), the Hong Kong Institute of Certified Public Accountants (HKICPA), the Chartered Institute of Management Accountants (CIMA) and the Association of International Accountants (AIA).
Graduates of this programme could apply for exemptions as follows:
| ACCA Paper Name | MScAAF Course |
|---|---|
| Business and Technology (BT) | Full Course Completion |
| Management Accounting (MA) | |
| Financial Accounting (FA) | |
| Corporate and Business Law (LW) | |
| Performance Management (PM) | Strategic Management Accounting and Controls (ACCT7220) |
| Taxation (TX) | Hong Kong and International Taxation (ACCT7910) |
| Financial Reporting (FR) | Advanced Corporate Financial Reporting (ACCT7210) |
| Audit and Assurance (AA) | Issues on Internal and External Auditing (ACCT7230) |
| Financial Management (FM) | Corporate Finance (FIN7210) |
Depending on the previous academic background of the student, a maximum of 10 modules at the Associate Level under the New Qualification Programme (New QP) can be granted to MScAAF students. The ultimate number of module exemptions granted will also vary according to the student’s choice of courses in the MScAAF programme:
| QP Module | MScAAF Course |
|---|---|
| Module 6 Financial Accounting | Advanced Corporate Financial Reporting (ACCT7210) |
| Module 7 Financial Management | Strategic Management Accounting and Controls (ACCT7220) + Corporate Finance (FIN7210) + Investment and Portfolio Analysis (FIN7220) + Financial Statement Analysis and Business Valuation (FIN7260) |
| Module 8 Principles of Auditing | Issues on Internal and External Auditing (ACCT7230) |
| Module 9 Principles of Taxation | Hong Kong and International Taxation (ACCT7910) |
| Module 10 Business and Company Law | Commercial and Company Law (ACCT7920) |
On successful completion of a CIMA three-hour gateway exam, MScAAF graduates will be awarded the CIMA Advanced Diploma in Management Accounting and be granted exemption from all certificate, operational and management level exams in CIMA Professional Qualification.
| CIMA Subject Code | Exempted Papers for 'Master's Gateway' |
|---|---|
| BA1 | Fundamentals of Business Economics |
| BA2 | Fundamentals of Management Accounting |
| BA3 | Fundamentals of Financial Accounting |
| BA4 | Fundamentals of Ethics, Corporate Governance and Business Law |
| E1 | Organisational Management |
| P1 | Management Accounting |
| F1 | Financial Reporting and Taxation |
| OCS | Operational Case Study Exam |
| E2 | Project and Relationship Management |
| P2 | Advanced Management Accounting |
| F2 | Advanced Financial Reporting |
| AIA Paper Name | MScAAF Course |
|---|---|
| Foundation Level | |
| Financial Accounting | Full Course Completion |
| Management Accounting | |
| Corporate Governance and Audit | |
| Business Management | |
| Professional 1 Level | |
| Financial Accounting and Reporting 1 | Advanced Corporate Financial Reporting (ACCT7210) + Financial Statement Analysis and Business Valuation (FIN7260) |
| Principles of Governance and Audit | Issues on Internal and External Auditing (ACCT7230) |
| Management Accounting | Strategic Management Accounting and Controls (ACCT7220) |
| Business Law for Accountants | Full Course Completion |
| Taxation (UK) | Hong Kong and International Taxation (ACCT7910) |
NOTE:
* Subject to the approval of ACCA, HKICPA, CIMA and AIA.
* Students need to submit individual application to apply for the exemptions.
* Updated information will be provided on the websites of ACCA, HKICPA, CIMA and AIA.