On completing the course, students are expected to:

• Understand the basic principles, concepts and techniques in financial accounting
  
  
• Apply basic accounting knowledge to record business transactions and prepare financial statements and related information using computer software widely-used by small and medium enterprises
  
  
• Create and process end-of-period adjustment entries from given information
  
  
• Produce various kinds of reports of a given period for management decision, analysis and financial reporting purposes

• Relevant considerations in setting up a SME
  
  
• Daily transactions, year-end accounting reports, and submission of financial statements
  
  
• Cost calculation and financial reporting for SMEs within the manufacturing sector, financial reporting for partnership in SMEs, and evaluation of the business’ profitability, liquidity and efficiency and capital structure
  
  
• Understanding principles of financial accounting

Related further study opportunities in the VTC/Professional qualifications:

• Diploma/ Higher Diploma in related disciplines, and attempting the eight-paper Accounting Technician Examination, heading towards the professional accountancy qualification progressively
  
  
• Employment opportunities:
  Graduates equipped with the CAC qualification^# are able to start their career in the profession at the entry level
  
  
• Scholarships will be awarded to outstanding students to sponsor them to take the professional examinations organized by HKIAAT.

# Remark: Students will be granted the HKIAAT Certified Accounts Clerk (CAC) qualification upon successful completion of the course (without having to take the Book-keeping and Accounts Examination and Computerised Accounts Examination). Application fee is half of the normal cost (HK$110).

Study Life

• IVE (Lee Wai Lee)
  30 Renfrew Road, Kowloon Tong, Kln.