Study AccountancyMaster of Accountancy Charles Sturt University The Master of Accountancy is a part-time degree programme offered by Charles Sturt University in collaboration with the Centre for Advanced and Professional Studies (CAPS), Caritas Francis Hsu College (CFHC). The degree offered in Hong Kong is of the same standing and recognition as the degree offered by the University in Australia. Caritas Francis Hsu College (CFHC) is an Approved Post Secondary College registered under the Post Secondary Colleges Ordinance (CAP 320) in Hong Kong for the delivery of higher education programmes. Under CFHC, the Centre for Advanced and Professional Studies (CAPS) specializes in the local administration of tertiary programmes offered in Hong Kong by overseas institutions and also institutions in Mainland China. The programme is designed to provide a generalised professional accounting education to graduates of non-accounting disciplines and to satisfy the academic requirements of the Australian accounting professional bodies, including the Institute of Chartered Accountants in Australia (ICAA) and the Certified Practising Accountants Australia (CPA Australia). The degree opens the way to many new career directions. Students are trained to work in the public practice as
are prepared to take up senior managerial positions in commerce and industry as well as become accounting academics. The Master of Accountancy degree is accredited by both
and is recognised internationally. Graduates are eligible for immediate membership of the CPA Australia. Full membership of CPA Australia is then accessible by further attempting five examination papers in Hong Kong together with 3 years' supervised or 5 years' unsupervised work experience in the accounting/finance field. As Certified Practising Accountants, these full members of CPA Australia can also apply for membership to the Hong Kong Society of Accountants (HKSA). The programme consists of 12 subjects which are as follows:
Prerequisite: N/AThe main objective is to provide students with a foundation for a modern profession education in accounting. Introduces students to the discipline in an integrated manner dealing with both management accounting and financial accounting and developing and using quantitative, information technology and communication skills. Provides the basis for an iterative and spiral approach to accounting, introducing students to areas of accounting dealt with in greater depth in later subjects.
Prerequisite: N/AFocuses on management accounting for costing and control purposes in an organisational context. The subject emphasises the use of quantitative techniques and computer software including spreadsheets and presentation graphics. An overview of Management Accounting Theory with emphasis on Systems Design and Contingency Theory provides a framework for the analysis of conventional and modern cost accounting paradigms.
Prerequisite: ACC511or ACC501The focus is on aspects of management accounting which assist decision makers in organisations. Models of choice are evaluated together with quantitative operation research techniques and the role played by the management accountant in providing information for these choice models. Extensive use is made of computer software designed to support the decision making function.
Prerequisite: ACC511or ACC501Builds upon the introduction to financial accounting provided in prerequisite subjects. The major focus is on partnership and company accounting requirements including corporate external reporting practices, the analysis and interpretation of financial statements, accounting for corporate restructuring, and statutory and professional issues.
Prerequisite: ACC511Integrates accounting and finance functions in the setting of the financial institutional environment; includes theories of investment and financing, and an examination of analytical tools relevant to modern financial decision making. Appropriate computer software is used to assist financial analysis.
Prerequisite: ACC514Deals with the accounting and reporting requirements of corporations set down by legislation and the professional accounting bodies in Australia. It follows on from ACC514 Financial Accounting, concentrating on accounting for different forms of business combinations, including parent-subsidiary relationships, foreign subsidiaries, associated companies and joint ventures. Some of the more current financial reporting disclosure requirements for companies are also studied, as an introduction to the many more advanced aspects of financial reporting to be continued in ACC518 Current Developments in Accounting Thought.
Prerequisite: ACC514Examines the impact of auditing concepts on professional and legal exercise of responsibilities. Covers application of advanced audit techniques, including appropriate mathematical and computer models; control of audit quality and audit for specific purposes.
Prerequisite: ACC516A critical review of developments in accounting theory and professional standards including the search for a conceptual framework, the evaluation and comparison of various accounting models and discussion of contemporary accounting and reporting issues.
Prerequisite: N/AThe subject introduces students to the Australian Constitution and the Australian legal system and provides topics on the legal framework of business regulation and substantive law relevant to accounting. Topics also encompass contract law, agency, partnership, torts, trusts, negotiable instruments, credit transactions and business ethics and the law.
Prerequisite: LAW511This subject provides the student with comprehensive view of various common law principles and legislative enactments affecting business activity in the modern world. Topic areas covered include the law relating to companies, the legislative controls on business activity under the Securities Industry legislation and the Trade Practices Act, and the law relating to financial failure of business activity.
Prerequisite: N/AExamines the principles of Australian taxation law and practice. The notion of carrying on a business, the nature and derivation of assessable income (including capital gains), incurring of allowable deductions, the taxation of trading stock and the impact of Fringe Benefits Tax are considered in the context of taxpayers who are individuals, partnerships and companies.
Prerequisite: N/AProvides a foundation in macro and microeconomics principles appropriate to the accounting discipline. Includes consumer behaviour and the theory of demand; the theory of the firm, investment and technology, welfare and public policy, the determination of aggregate income, theories of inflation and the understanding of economic techniques appropriate to management decision making. Programme DurationThe programme is normally taken over 3 years (6 sessions). There is an accelerated programme which can be taken over 2 years (4 sessions). Mode of StudyThe programme is delivered via the following modes: Compulsory Advisory Sessions An advisory session is conducted for each subject by CSU lecturers in Hong Kong. The sessions are held once in each semester, over weekends that consist of Friday evenings plus two full days on Saturdays and Sundays in April and September respectively. Students are compulsorily required to attend the seminars. Self-study Quality study materials are specially designed and professionally prepared for subjects offered under the programme. The study package for each subject contains
Assessment PolicyAssessment for each subject is by
which are held in
during daytime on weekdays. To qualify for the award of the Master of Accountancy degree, students must satisfactorily complete the required 12 subjects. A "pass" grade for each subject is awarded only when students achieve a pass in all assessment items for that subject. Admission Requirements Applicants for the programme must possess ONE of the following qualifications:
English is the medium of instruction, and students are expected to have a good command of the English language. Credit ExemptionsThe maximum amount of credit is
The qualifying criteria for obtaining credit exemptions are that the subject content, assessment method and standard of previous studies must be equivalent to those prescribed for the Master of Accountancy subjects. Intakes Per Annum There
are two intakes per year:
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