Professional Recognition

Professional Recognition

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
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)
The Hong Kong Institute of Certified Public Accountants (HKICPA)
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)
The Chartered Institute of Management Accountants (CIMA)
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
The Association of International Accountants (AIA)
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.

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