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/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 Policy Assessment for each subject is by

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: