Professional Recognition

Master of Science in Applied Accounting & Finance

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:

The Association of Chartered Certified Accountants (ACCA)

ACCA Paper Name	MScAAF Course
Accountant in Business (AB)	Full Course Completion
Management Accounting (MA)
Financial Accounting (FA)
Corporate & Business Law (CL)
Performance Management (PM)	Strategic Management Accounting & Controls (ACCT7220)
Taxation (TX)	Hong Kong & International Taxaton (ACCT7910)
Financial Reporting (FR)	Advanced Corporate Financial Reporting (ACCT7210) + Financial Statement Analysis & Business Valuation (FIN7260)
Audit & Assurance (AA)	Issues on Internal & External Auditing (ACCT7230)
Financial Management (FM)	Corporate Finance (FIN7210) + Financial Strategy (FIN7230)

The Hong Kong Institute of Certified Public Accountants (HKICPA)

QP Module	MScAAF Course
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:
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)

The Chartered Institute of Management Accountants (CIMA)

CIMA subject Code	Exempted papers for ‘Master’s Gateway’
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.
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

The Association of International Accountants (AIA)

AIA Code	AIA Paper Name	MScAAF Course
Module A
Paper 1	Financial Accounting 1	Full Course Completion
Paper 2	Business Economics
Paper 3	Management Accounting 1
Module B
Paper 4	Law	Full Course Completion
Paper 5	Auditing & Taxation
Paper 6	Information Processing
*Module C*
Paper 7	Auditing	Issues on Internal and External Auditing (ACCT7230)
Paper 8	Company Law	Full Course Completion
Paper 9	Management Information	Full Course Completion
Module D
Paper 10	Business Management	Full Course Completion
Paper 11	Financial Accounting 2	Advanced Corporate Financial Reporting (ACCT7210) + Financial Statement Analysis & Business Valuation (FIN7260)
Paper 12	Management Accounting 2	Strategic Management Accounting & Controls (ACCT7220)

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.