Certificate for Module (Preparatory Course - Strategic Financial Management) (CEF) - HKU SPACE: Accounting courses
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Accounting & Finance Accounting

Certificate for Module (Preparatory Course - Strategic Financial Management)
證書 (單元:策略財務管理備試班)

CEF Reimbursable Course

CEF Reimbursable Course

Course Code

Study mode
Start Date
To be advised
Next intake(s)
Every January and July
60 hours
Course Fee
HK$9900 per module
HKU SPACE Preparatory Course
APPLICATION OPEN - July 2021 Intake
Please enroll ASAP!!! Online enrolment is welcome

CEF reimbursable! Students who successfully complete the programme may claim up to 80% of the course fee.

This Preparatory Course is a CEF applicable course.
此備試班為持續進修基金之認可課程,學員於成功修畢HKU SPACE備試班後可申請學費退還。

This preparatory course aims to provide tuition support to students for studying the MSc in Professional Accountancy, University of London (UCL). This MSc programme provides students with an opportunity to develop and apply master's level knowledge, understanding and skills within accountancy and finance-related content.


Each preparatory course is of 60 hours with an aim to provide tuition support to students for studying the MSc in Professional Accountancy. Comprehensive online learning material is to be provided by UoL and this preparatory course will provide the essential face-to-face tuition teaching support.

One hour of learning equates to one CPD unit. Your studies could easily provide your full 40 units for one year. You can even carry forward 21 units to the next year.

Certificate for Module (Preparatory Course - Strategic Financial Management)

The programme will consider a range of major strategic financial issues of importance to the organisation. By doing so, it blends core principles of financial management with business strategies.


Certificate for Module (Preparatory Course - Strategic Financial Management)

On completion of the programme, students should be able to

  1. Formulate a financial strategy taking account of differed financing options;
  2. Identify and critique a range of investment appraisal techniques, select as appropriate and apply within the investment appraisal process, and make a justifiable recommendation;
  3. Explain the nature and significance of financial risk and uncertainty, and apply techniques to take account of these, including diversification, capital asset pricing model (capm) and the black-scholes option pricing model;
  4. Assess the implication of differing types of capital structures and their implications for cost of capital and associated decisions;
  5. Critique both the theoretical issues and influences on practical decisions associated with the development of dividend policy;
  6. Identify and discuss the drivers for mergers and acquisitions, the calculation of share valuation, and identify and critique the main forms of purchase consideration used; and
  7. Identify and describe the key financial risks facing a business, explain and demonstrate how financial instruments can be used to manage the financial risks within an appropriate risk strategy.


  • The finance function, financial objectives and financial markets
  • Measuring "value" in business
  • Financial performance evaluation. The dividend decision
  • Re-visiting investment appraisal techniques
  • Investment appraisal – theory, practice and complications
  • Risk in investment appraisal. "Real" options
  • Portfolio theory and the capital asset pricing model
  • Stock exchanges
  • Financing
  • Corporate bonds
  • Cost of capital – theory and practice
  • Capital structure
  • Investment and financing interactions
  • Business valuation
  • Mergers and acquisitions
  • Treasury risk management
  • Financial derivatives
  • Interest rate risk
  • Foreign currency risk
  • Foreign direct investment

Teaching and Learning Activities

Lecture: 60 hours


Coursework: One 3000-word assignment

Attendance Requirements

At least 70%


Students who are able to satisfy both the attendance requirement (minimum 70%) and pass the programme assessment will be conferred a "Certificate for Module (Preparatory Course - Strategic Financial Management)".

  • 60 hours per programme
    20 meeting(s)
    3 hours per meeting





Mounting of each course is subject to sufficient enrolment and solely at the discretion of the School. 
​HKU SPACE reserves all rights to make revisions or alternations to the course schedule, content, tutor or other details if necessary.

  • Contact hour for each preparatory course: 60 hours spanning over 20 weeks


An applicant must be a current ACCA Student and must have

(A) passed all nine ACCA Applied Knowledge and Applied Skills papers, or

(B) their equivalent.


Course Fee
  • Course Fee : HK$9900 per module (Fees are reviewed annually and subject to change without prior notice. Mounting of each course is subject to sufficient enrolment and solely at the discretion of the School.)
  • The CEF Institution Code of HKU SPACE is 100
CEF Courses
Certificate for Module (Preparatory Course - Strategic Financial Management)
證書 (單元:策略財務管理備試班)
COURSE CODE 33C123398 FEES $9,900 ENQUIRY 2867-8487
Continuing Education Fund Continuing Education Fund
This course has been included in the list of reimbursable courses under the Continuing Education Fund.

Certificate for Module (Preparatory Course - Strategic Financial Management)

  • This course is recognised under the Qualifications Framework (QF Level [6])
Enrolment Method

Please click here for online enrolment.