Business, Accounting and Financial Studies (BAFS)
Panel members
Ms HO SHUK HAN
Ms LI LUN MEI
Objectives

 

RATIONALE

  • Response to changing social and economic forces

The main pillars of the Hong Kong economy are financial services, producer services, logistics and tourism. To maintain both our competitive edge and economic sustainability as a service-oriented and knowledge-driven economy, Hong Kong needs a workforce which can transform ideas into high value-added services. Business is the process of creating value through commerce and production. Business education aims to nurture students’ interest and talent in business by developing in them the necessary knowledge and skills, positive values and attitudes to create value through identifying needs, generating ideas and transforming them into business opportunities.

 

  • Capacity for lifelong learning

The school curriculum should equip students with the abilities and attitudes to become independent learners. At senior secondary level, business education develops in students the intellectual breadth and capacity for lifelong learning to cope with the demands of an increasingly complex world.

 

  • Qualities of citizenship

Business and financial activities constitute an integral part of our daily lives as we work, consume, save and invest. Besides providing students with knowledge and skills for dealing with business and financial activities in adult life, business education should also aim to promote qualities of citizenship. Students should be given opportunities to develop ethical and responsible behaviour so that they can fulfil their roles effectively as consumers, investors, employees and/or entrepreneurs in adult life. Students are expected to take social and ethical considerations into account in analysing and evaluating business issues. In a
fast-changing and knowledge-based local and global economy, they need to possess a variety of intellectual and communication skills, as well as positive values and attitudes, so that they can act competently, confidently, and ethically in both familiar and novel situations. They also have to be conversant with the business environment, so as to make effective decisions, not only as members of the business world, but also as socially responsible citizens.

 

  • Accounting as an integral part of business education

In tackling business problems, one needs to draw upon knowledge and skills from different business areas, such as accounting, finance and management. Students need a solid foundation to understand and integrate knowledge and practice from the various areas that play a contributory role. In the business environment, accounting serves as a language of business for both internal and external communication. People use accounting information, together with other business knowledge such as finance, marketing, and human resources, in
making business decisions. The business curriculum should, therefore, enable students to acquire a common body of business knowledge, including accounting, to deal with the dynamic business environment.

 

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

 


Lesson topics

HKDSE BUSINESS, ACCOUNTING AND FINANCIAL STUDIES:


COMPULSORY PART
  • Business Environment
    • Hong Kong business environment
    • Forms of business ownership
    • Business ethics and social responsibilities




  • Introduction to Management
    • Management functions
    • Effective management
    • Key business functions
    • Entrepreneurship and small and medium enterprises (SMEs) management
    • Business communication


  • Introduction to Accounting
    • Purposes and the changing role of accounting
    • Uses of financial statements
    • Accounting principles and conventions
    • The accounting cycle
    • Basic ratio analysis






  • Basics of Personal Financial Management
    • Fundamental of financial management
    • Personal financial management



    [ECON SCHOOL,03/11/2011]


ELECTIVE PART:
  • Accounting Module(applicable to the first two cohorts of NSS)
    • Financial Accounting
    • Cost Accounting





    [Bank of Canada]


    [Bank of Canada]



  • Business Management Module
    • Financial Management
    • Marketing Management
    • Human Resources Mangement

Students' work
  • Hong Kong Institute of Education: Fair Market
  • Hong Kong and Shanghai Banking Corporation: Youth Financial Planner Competition
  • Hong Kong Poly University: Youth Entrepreneurship Programme (with Scholarship Award)
  • Hong Kong Youth Institute and Business Partners: Wofoo Millennium Entrepreneurship Programme – Injection Business and Design into Historic Building / Creative Industries – Creative Opportunitites
  • Accounting Projects: Application of Accounting Theories and Ratios, Reflection of Current Business Issues.






Activity record

  • Hong Kong Institute of Education: Fair Market
  • Hong Kong and Shanghai Banking Corporation: Youth Financial Planner Competition
  • Hong Kong Poly University: Youth Entrepreneurship Programme (with Scholarship Award)
  • Hong Kong Baptist University: New Trends of Accounting
  • Hong Kong Youth Institute and Business Partners: Wofoo Millennium Entrepreneurship Programme – Injection Business and Design into Historic Building(Merit Award)
  • Hong Kong Monetary Authority: Joint visit with Economics Society
  • Hong Kong Tung Wah Group: Business Ethics and Corporate Governance Seminar (Dr CF Szeto and Mr YC Cheung)











  • London Chamber of Commerce Industry Examination and Qualification: BOOK-KEEPING AND ACCOUNTING
    • Level 1 (Awards of Distinctions and Honorable Award of Global Millennium)



    • Level 1 (Medallion for Book-keeping World & Country Gold Certificate of Award)
      • Wong Ho Wing Holly
    • Level 2 (Awards of Distinctions and Honorable Award of Silver World and Country Medallion)

    • Level 2 (Awards of Distinctions)
      • Fong Wai Yan
      • Hiew Yee Won
      • Chung Kai Ki
      • Liu Pak Lun
    • Level 3 (Awards of Distinctions)
      • Lam Wai Leong
      • Lam Wai Tong Terry
      • Leung Chak Yan Ernie
      • Leung Chiu Ni
      • Leung Yik Hon Alex
      • Ng Ka Ching
      • To Lai Pik
    • Hong Kong Institute Of Accredited Accounting Technicians Examination


    • Examination Results of Paper 1(E)
      • Pass with Distinction
        • Wong Sze Pui
        • Iu Kwok Sing
      • Pass with Credit
        • Cheung Ching Man
        • Lee Ngo Lam Carmel
        • Yip Yan Yi

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