B u s i n e s s , A c c o u n t i n g & F i n a n c i a l S t u d i e s

Curriculum Aims

The overall aims of the Business, Accounting and Financial Studies (BAFS) curriculum are:

to provide students at senior secondary level with fundamental business knowledge and skills, and develop their positive values and attitudes, so that they can fulfil their roles competently and confidently as consumers, investors, employees and/or entrepreneurs;

to develop students’ generic skills in research, analysis, leadership, team-building, communication, critical thinking, creativity, and problem-solving and transfer them to different domains;

to explore different aspects of business to prepare students for life, for learning and for employment.

Overview of the learning elements of the curriculum framework

Accounting Strand

Compulsory Part

1a Business Environment

Hong Kong Business Environment
Forms of Business Ownership
Business Ethics and Social Responsibilities

1b Basics of Management

Management Functions
Small and Medium Enterprises

1d Basics of Personal Financial Management

Time Value of Money
Consumer Credit
Personal Financial Planning and Investment
Stock Trading as an Investment

Elective part

2a Financial Accounting

Purposes and Role of Accounting
Double entry system
Books of Original Entry and types of Ledgers
Trial balance
Period-end Adjustments relating to the preparation of Financial Statements
Financial Reporting for different forms of business ownership
Control System
Incomplete Records
Accounting Assumptions, Principles and Conventions
Financial Analysis

2b Cost Accounting

Cost classifications, concepts and terminology
Marginal and absorption costing
Cost accounting for decision-making

Business Management Strand

Compulsory Part

1a Business Environment

Hong Kong Business Environment
Forms of Business Ownership
Business Ethics and Social Responsibilities

1c Basics of Accounting

Purposes and Role of Accounting
The Accounting Cycle
Uses of Financial Statements
Accounting Assumptions, Principles and Conventions

1d Basics of Personal Financial Management

Time Value of Money
Consumer Credit
Personal Financial Planning and Investment
Stock Trading as an Investment

Elective Part

3a Introduction to Management

Management functions
Key Business functions
Small and medium enterprises

3b Financial Management

Financial analysis
Budgeting
Sources of financing
Capital investment appraisal
Working capital management

3c Human Resources Management

Functions of human resources management
Development of a quality workforce

3d Marketing Management

Role of marketing
Marketing research
Customer behavior
Marketing Strategies for goods and services

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