Accounting & FinanceAccounting
Certificate for Module (Preparatory Course - Strategic Financial Management)
證書 (單元：策略財務管理備試班)
CEF Reimbursable Course
- Course Code
- AC084A
- QF Level
-
Financial assistance
Close QF Level panel
Continuing Education Fund
This course has been included in the list of reimbursable courses under the Continuing Education Fund.
- Study mode
- Part-time
- Start Date
- 13 Jul 2020 (Mon)
- Next intake(s)
- Every January and July
- Duration
- 60 hours
- Language
- English
- Course Fee
- HK$9900 per module
- Enquiries
-
2867 8487 / 2867 83142861 0278
APPLICATION OPEN - July 2020 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.
A degree from University of London is a mark of excellence and quality, respected by employers and universities worldwide.
1. MSc in Professional Accountancy is led by University College London (UCL) of London Univerisity. UCL ranks number 7 in 2018 QS ranking.
2. ACCA students study 3 subjects; ACCA affliates/members only study 2 subjects --- awarded Msc in Prof. Accountancy
This Preparatory Course is a CEF applicable course. For each module of HKU SPACE Preparatory Course, you only need to pay $1980 after CEF maximum subsidy ($7920) reimbursement. (per module)
此備試班為持續進修基金之認可課程，學員於成功修畢後可申請學費退還，扣除每科最高資助額（$7920）後，HKU SPACE備試班每科只需$1980學費。
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Announcement from University of London:
The University of London have decided to close Pathway 1 (the student pathway including the PG Certificate). Final intake for this Pathway 1 will be January 2021.
Pathway 2 for ACCA affiliates and members will remain open and unchanged.
This preparatory course aims to provide tuition support to students for studying the MSc in Professional Accountancy, University of London (UoL). 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.
A Master with distinction completed in 6 months! Hear the story at https://london.ac.uk/news-opinion/london-connection/profiles/shagufa-jamaldeen
#MSc in Professional Accountancy
The University of London (UoL) and the Association of Chartered Certified Accountants (ACCA) have developed a ground-breaking programme of study that allows you to complete the MSc in Professional Accountancy and your ACCA professional qualification at the same time.
This route to the ACCA qualification will be of value to accountants aspiring to senior roles and enable them to stand out from the crowd in terms of their qualifications. Compared with the cost of studying for an accountancy qualification and a master’s separately, this will save time and money for many ACCA students. The MSc modules are the first to be recognised by ACCA as counting towards the professional level of the ACCA qualification.
The MSc programme provides students with an opportunity to develop and apply master’s level knowledge, understanding and skills within accountancy and finance related content.
Who will benefit from this programme?
This prestigious master’s level qualification is open exclusively to ACCA students, affiliates and members.
ACCA full members can ‘top-up’ their professional qualification with this master’s degree by taking two modules.
ACCA students who have passed the fundamentals level (F1 – F9)/ Applied Knowledge and Applied Skills papers of the ACCA qualification can opt to continue towards their ACCA qualification by using the master’s degree as an equivalent to two of their final ACCA papers (P4 and P5).
Lead College: University College London (UCL)
The School of Management at University College London is responsible for the academic direction.
The research performed in the School of Management over the last six years has been rated as “world-leading” in the Research Excellence Framework 2014, a system for assessing the quality of research in UK universities.
The School offers programmes in management, technology entrepreneurship, information management for business, management science and business analytics.
Preparatory Course for MSc in Professional Accountancy
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.
Progression from the Postgraduate Certificate
On successful completion of the ACCA Professional level papers SBL and SBR, the student will be eligible to transfer their registration to the MSc degree under Pathway 1. Accredited prior learning of 90 credits will be granted for ACCA papers SBL and SBR and the MSc will be awarded on satisfactory completion of two University of London option modules and the compulsory project.
ACCA CPD Units
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.
# MSc in Professional Accountancy
Non-Local Higher and Professional Education (Regulation) Ordinance
This is an exempted course under the Non-local Higher and Professional Education (Regulation) Ordinance. It is a matter of discretion for individual employers to recognize any qualification to which this course may lead.
Application for this MSc programme with UoL
Applicants must submit an application in line with the procedures and deadlines set out on UoL's website. The ACCA Professional papers (P1 – P7) have been benchmarked at FHEQ level 7.
Certificate for Module (Preparatory Course - Strategic Financial Management)
On completion of the programme, students should be able to
- Formulate a financial strategy taking account of differed financing options;
- Identify and critique a range of investment appraisal techniques, select as appropriate and apply within the investment appraisal process, and make a justifiable recommendation;
- 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;
- Assess the implication of differing types of capital structures and their implications for cost of capital and associated decisions;
- Critique both the theoretical issues and influences on practical decisions associated with the development of dividend policy;
- 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
- 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.
Syllabus
- 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
Assessment
Coursework: One 3000-word assignment
Attendance Requirements
At least 70%
Award
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)".
Duration- 60 hours per programme
20 meeting(s)
3 hours per meeting
Four preparatory courses are to be offered covering the following UoL’s modules.
MSc Pathway 1 - Existing ACCA students with SBL and SBR
| Modules | ||
|
Strategic Financial Management (PAM004) AC084 |
2 Coursework Examination (3-hour) |
30% 70% |
|
Strategic Performance Management (PAM005) AC085 |
2 Coursework Examination (3-hour) |
30% 70% |
|
Strategic Financial Project (PAM006) AC083 |
Coursework Project |
30% 70% |
MSc Pathway 2 - Exisiting ACCA members or affilliates
| Modules | ||
|
Global Issues for the Finance Professional (PAM100) AC086 |
2 Coursework Project |
50% 50% |
|
Strategic Financial Project (PAM006) AC083 |
Coursework Project |
30% 70% |
Postgraduate Certificate - Exisiting ACCA students without SBL and SBR
| Modules | ||
| Strategic Financial Management (PAM004)
AC084 |
2 Coursework Examination (3-hour) |
30% 70% |
| Strategic Performance Management (PAM005)
AC085 |
2 Coursework Examination (3-hour) |
30% 70% |
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
To apply for the Preparatory Course for MSc in Professional Accountancy, applicants must first register with UoL as students of this MSc programme and enrol in the relevant module(s).
Entry Requirements of this MSc Programme
1) Academic Requirements
a) MSc Pathway 1
To qualify to register for the MSc under Pathway 1, an applicant must be a current ACCA Student and must have
- passed all the ACCA Applied Knowledge and Applied Skills papers or gained exemptions approved by ACCA; and
- passed ACCA Strategic Professional Essentials (SBL and SBR).
b) MSc Pathway 2
To qualify to register for the MSc under Pathway 2 an applicant must be a current ACCA Member or Affiliate.
If an applicant to Pathway 2 passed the last of the ACCA Professional level papers more than five years ago, they must fulfill CPD requirements and also they are required to successfully complete the assessment for the University of London Professional Accountancy Online Preparation Test which takes around 6 weeks. The Online Preparatory Test required: Keeping up with Change: Issues for the Financial Professional (offered by Coursera, MOOC)
c) Postgraduate Certificate
To qualify to register for the Postgraduate Certificate an applicant must be a current ACCA Student and must have
- passed all the ACCA Applied Knowledge and Applied Skills papers or gained exemption approved by ACCA.
2) English Language Requirements
A student will meet the English language requirement if they:
- have passed the English version of the nine ACCA Applied Knowledge and Applied Skills papers (or gained exemption by completing an English-language undergraduate degree approved by ACCA); or
- have passed the English version of either of the Strategic Professional Essentials (SBL or SBR), or equivalent; or
- are a current ACCA Member or Affiliate.
- 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.)
- (Additional Costs - You will also need to budget for: )
- (1. Course Fee for University of London: Details please visit https://london.ac.uk/courses/professional-accountancy#fees)
- (2. Exams (Pathway 1, MSc/PGCert): exam centres charge a fee for hosting your exams.)
- (3. Preparatory Costs: if your most recent ACCA pass was over five years ago, you’ll need to complete an online preparation course.)
- 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 2867-8475 |
|
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)
|
Application Form Application Form
Enrolment MethodImportant Notes
To apply for this Preparatory Course, applicants must first register with University of London as students of the MSc in Professional Accountancy programme and enrol in the relevant module(s).
Please click HERE for online enrolment
Payment Method1. Cash or EPS
Cash or EPS are accepted at any HKU SPACE Enrolment Centres.
2. Cheque or bank draft
Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please write the programme title(s) and the applicant’s name on the back of the cheque. You may either:
- in person by submitting the payment, completed form(s), and required supporting documents to any of our enrolment centres; or
- by mailing the above documents to any of our enrolment centres, specifying “Course Application” on the envelope.
3. VISA/MasterCard
Course applicants, who are holders of HKU SPACE Mastercard, can enjoy a 10-month interest-free instalment period for courses of HK$2,000 and over. For enquiries, please contact our enrolment centres.
4. Online payment
Online payment for short courses (first come, first served) and selected award-bearing programmes is available using PPS, VISA or Mastercard. Please refer to the Online Services page on the School website.
Notes
- For general and short courses, applicants may be required to pay the course fee in cash or by EPS, Visa or Mastercard if the course is to start shortly.
- Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, cheque or online PPS will be reimbursed by a cheque; fees paid by credit card will be reimbursed to credit card account used for payment.
- In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme teams for details.
- Fees and places on courses are not transferrable. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
- HKU SPACE will not be responsible for any loss of payment, receipt, or personal information sent by mail.
- For additional copies of receipts, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to ‘HKU SPACE’ to any of our enrolment centres. Such copies will normally be issued at the end of a course.
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