Academic
PACC Curriculum
A Capstone Journey of the PACC Curriculum
Many people have a perception that an accountant’s job is to merely deal with numbers. “Quite a number of students who studied accounting in their high school will immediately link accounting to journal entries, debits and credits.” Dr. Edmund Wong, Senior Lecturer of the Professional Accountancy (“PACC”) Programme said, “That refers to bookkeeping and does not describe accounting comprehensively. Accountants should be able to apply their technical knowledge, with the help of financial and business information, to solve business problems. This is one of the objectives of our Programme.” To help our students fulfil such learning outcome, the PACC Programme introduces its capstone course Capstone Project: Business Ethics and Entrepreneurship with an overall aim to provide students with practical opportunities to apply their knowledge to real-world business situations.
The capstone project requires students to work in teams to prepare a holistic business plan so as to drive the strategic development of an organisation. The PACC Programme collaborates with the Association of Chartered Certified Accountants (“ACCA”) and the CFA Institute through the adoption of the case question in the ACCA-CFA Institute Business Competition. The competition aims to advocate a new growth mindset for future professionals driving business success which coincides with our Programme’s learning objectives. Anthea Cheng, a PACC final-year student, took the capstone course and commented, “The capstone project enabled me and my fellows to reflect on the role of accountants in business. A successful business is contingent on its ability to learn and innovate which brings forward continuous improvement and evolution in processes and technology.”
In driving business success, accountants do play an important role. Anthea added, “An accountant has to consider the practicality of a proposed strategy and helps transform an innovative idea into a reality with budgeting and feasibility studies which ensures the long-term success of the business.”
Anthea Cheng (second from left) actively participated in both local and international business case competitions during her four-year university life. She and her team won the champion of the HSBC Financial Innovation Challenge in 2018.
The PACC curriculum stresses on students’ awareness on ethics and social issues. To let our students appreciate the roles of accountants on how to tackle with such issues in practice, the capstone project requires the teams to solve social issues like environment and sustainability in such business plan. Alice Zhou, another PACC final-year student who completed the capstone project, said, “While the capstone project strengthened my ability to evaluate the practicality of business proposals as an accountant, it urges me to reflect on the importance of ethics in businesses. Particularly, the experience extended my horizons beyond the narrow interests of the firm and left me thinking more about how to deliver positive outcomes for all the stakeholders resulting in long-term sustainability.”
Alice joined the business competition organised by ACCA in her penultimate year. Alice and her team, being one of the eight finalists of the competition in 2018/19, was awarded with the Research Excellence Award. “Compared with what I did in the ACCA competition a year ago,” Alice said, “I was able to work out a more logical, practical and complete presentation in my final-year. What I have learnt in my accounting-related courses throughout the entire curriculum extensively makes me become more sensitive to business issues when solving problems.”
This capstone course involves small group instruction in a flexible format with teachers acting as facilitators guiding the students through the learning process. Prof. Jacky Chau, one of the teachers leading the capstone project said, “Our capstone project emphasises on active learning by students. In tackling certain issues, students may need to integrate knowledge across multiple business disciplines and come up with creative solutions. We hope to foster an environment in which students can learn from each other through the collaboration in group projects and the sharing of ideas in discussions and presentations. The experience should be highly beneficial to the students as they embark on their careers.”
To prepare students to demonstrate the skills required in this capstone project, the Programme adopts case-based teaching in various courses and provides experiential learning activities such as case analysis workshops and professional seminars conducted by industry leaders. With close collaboration with professional bodies, the Programme aims to nurture future leaders in accountancy and business.
| Major required courses (60 units) (all are 3-unit courses unless specified) |
Major elective courses (9 units) (all are 3-unit courses unless specified) |
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|---|---|---|---|
| ACCT2111 | Introductory Financial Accounting | ACCT3005 (2 units) |
Accounting Field Study & Experiential Learning |
| ACCT2121 | Introductory Management Accounting | ACCT3241 |
Introduction to Python for Business and Accounting Analytics |
| ACCT3003 (1 unit) |
Professional Seminar Series | ACCT4211 | Accounting Information in Capital Market |
| ACCT3004 (2 units) |
Accounting Practicum & Experiential Learning (for Global Accounting Stream only) |
ACCT4212 | China Business Valuation and Analysis |
| ACCT3111 | Financial Reporting I | ACCT4213 | Financial Statement Analysis and Valuation |
| ACCT3112 | Financial Reporting II | ACCT4215 | Contemporary Accounting Issues in Global Market (for Global Accounting Stream only) |
| ACCT3121 | Cost and Management Accounting | ACCT4221 | Strategic Management Accounting |
| ACCT3142 | Contemporary Accounting Information Systems |
ACCT4231 | Internal Auditing and Risk Management |
| ACCT3151 | Business Law | ACCT4232 | Forensic Accounting and Audit Analytics |
| ACCT3152 | Company Law | ACCT4242 | Accounting Data Analytics for Business |
| ACCT3161 | Taxation | ACCT4243 | Data Visualisation in Accounting |
| ACCT4001 (2 units) |
Capstone Project: Business Ethics & Entrepreneurship |
ACCT4251 | Regulation and Compliance in the Financial Markets |
| ACCT4111 | Advanced Financial Accounting | ACCT4252 | Corporate Restructuring and Insolvency |
| ACCT4131 | Auditing | ACCT4253 | Chinese Legal Environment for Business |
| DOTE1030 | Economics for Business Studies I | ACCT4261 | Taxes and Business Strategy |
| DOTE1040 | Economics for Business Studies II | ACCT4262 | China Taxation |
| DOTE2011 (4 units) |
Statistical Analysis for Business Decisions | ACCT4263 | International Taxation |
| FINA2010 | Financial Management | ACCT4271 | Corporate Governance |
| MGNT1020 | Management | ACCT4281 | Applied Accounting & Financial Strategy |
| MGNT2511 (1 unit) |
Global Experiential Learning I | ACCT4282 | Reporting Issues in the Financial Service Industry |
| MGNT2512 (1 unit) |
Global Experiential Learning II | ||
| MGNT4010 | Strategic Management | ||
| MKTG2010 | Marketing Management | ||