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.








(3)   ACTIVITY RECORD

 

Activity / Programme

 

October 2018

School Orientation Day

Whole school

December 2018

BAFS Mock Examination held by the Hong Kong Institute Certified Accountants Association (HKICPA)

S6 Business, Accounting and Financial Studies students

December 2018

School Open Day Game Stalls

Whole school

February 2019

Internal School Stock Trading Guru Competition: S4

S4 Business, Accounting and Financial Studies students

March 2019

Stock Trading Guru Competition
held by the Hong Kong Association for Business Education (HKABE) and the Chin Family (TCF).

Winners of Internal School Stock Trading Guru Competition: S4

April 2019

S3 Stock Trading Board Game Competition (School Heat)

S3 class representatives

May 2019

S3 Stock Trading Board Game Competition (School Final)

S3 class representatives

May-July 2019

Building Your Careers

S4-S6 students

 

 

 

 

 

 

 

The BAFS and Economics Society organized some creative and fun game booths on the 60th Anniversary’s Open Day (15th December, 2018).


OPEN DAY:  Parents’ and students’ playing interactive Personal Finance Concepts games, using iPads.

OPEN DAY:  A visitor enjoying the fishing game a lot.

image1[1694]
OPEN DAY:  Using tablets to pay games


OPEN DAY:  Lots of primary students playing with the puzzles.

 

 


Orientation Day

 


155dfb91-6b32-4ea6-8da8-6ea0c2b65866[1678] 

 

 

 


Stock Trading Board Game Competition


 

S3 Stock Trading Board Game Competition

 


S4 Stock Trading Guru Competition

Inter-school Stock Trading Guru Competition

 


Winners:

AU YEUNG KOK CHI  (S4B, 2018-19)

KWOK KING HIN     (S4R, 2018-19)

NG TSZ HIM ISAAC   (S4B, 2018-19)

YUNG YAN LAM     (S4G, 2018-19)

 

 

 

 

 


HK Institute of Vocational Education 會計新丁工作坊

 

 
Building Your Careers: S4 Group (joint event with Careers Team)

 

  
Building Your Careers:  S5 Group (joint event with Careers Team)

 

 

 

4)  ACHIEVEMENTS

4.1)
2018/2019 HKICPA/HKABE Joint Scholarships for BAFS (Hong Kong Institute of Certified Public Accountants and Hong Kong Association for Business Education Limited)
5B 2018-19, LI SZE YUNG

4.2)
2018/2019 HKICPA/HKABE BAFS MOCK EXAMINATION (Hong Kong Institute of Certified Public Accountants and Hong Kong Association for Business Education Limited):

4.2.1.
Certificate for Outstanding Performance [2018/2019 HKICPA/HKABE BAFS MOCK EXAMINATION (Hong Kong Institute of Certified Public Accountants and Hong Kong Association for Business Education Limited)]

  • 6B 2018-19, CHEUNG KA HEI
  • 6B 2018-19, WONG CHEUK LAM JACQUELINE

4.2.2.
Certificate for Good Performance [2018/2019 HKICPA/HKABE BAFS MOCK EXAMINATION (Hong Kong Institute of Certified Public Accountants and Hong Kong Association for Business Education Limited)]

  • 6G 2018-19, CHIU SIU CHING
  • 6G 2018-19, WONG YIU TING
  • 6R 2018-19, LEE YUI PAANG

4.3)
2019 School Stock Trading Guru Competition (Investor and Financial Education Council)
Certificate of Champion

  • 4B 2018-19, NG TSZ HIM ISSAC

Certificate of First Runner-up

  • 4R 2018-19, KWOK KING HIN

Certificate of Second Runner-up

  • 4B 2018-19, AU YEUNG KOK CHI
  • 4G 2018-19, YUNG YAN LAM

 

 

5)    USEFUL WEBSITES
Organisations 機構組織
Business Environment Council商業環保協會
http://www.bec.org.hk

Chinese General Chamber of Commerce香港中華總商會
http://www.cgcc.org.hk

Chinese Manufacturers’ Association of Hong Kong香港中華廠商聯合會
http://www.cma.org.hk

Commerce & Economic Development Bureau商貿及經濟發展局
http://www.cedb.gov.hk/

Consumer Council消費者委員會
http://www.consumer.org.hk

Federation of Hong Kong Industries, The  香港工業總會
http://www.fhki.org.hk

Financial and Services Bureau財經事務及庫務局
http://www.fstb.gov.hk

The Hong Kong Federation of Youth Groups香港青年協會
http://www.hkfyg.org.hk/

Hong Kong Association of Banks, The香港銀行公會
http://www.hkab.org.hk/index.jsp

Hong Kong Ethics Development Centre香港道德發展中心
http://www.icac.org.hk/hkedc

Hong Kong Exchanges and Clearing Limited香港交易所
http://www.hkex.com.hk

Hong Kong Export Credit Insurance Corporation香港出口信用保險局
http://www.hkecic.com

Hong Kong Franchise Association香港特許經營權協會
http://www.franchise.org.hk

Hong Kong General Chamber of Commerce香港總商會
http://www.chamber.org.hk

Hong Kong Monetary Authority香港金融管理局
https://www.hkma.gov.hk/eng

Hong Kong Mortgage Corporation Limited香港按揭證券有限公司
http://www.hkmc.com.hk

Hong Kong Productivity Council香港生產力促進局
http://www.hkpc.org

Hong Kong Trade Development Council香港貿易發展局
http://www.hktdc.com/

Invest Hong Kong投資推廣署
http://www.investhk.gov.hk/

Junior Achievement Hong Kong國際成就計劃香港部
http://www.jahk.org

Junior Chamber International Hong Kong國際青年商會香港總會
http://jcihk.org

Mandatory Provident Fund Schemes Authority強制性公積金計劃管理局
http://www.mpfa.org.hk

Official Receiver’s Office破產管理局
http://www.oro.gov.hk/cht/home/home.htm

RTHK on internet香港電台
http://www.rthk .org.hk

Security and Futures Commission證券及期貨事務監察委員會
http://www.sfc.hk

Trade and Industry Department工業貿易處
http://www.tid.gov.hk

Youth Development Council (YDC)青年企業家發展局
http://www.ydc.org.hk

Associations 公會及學會
Hong Kong Institute of Accredited Accounting Technicians香港財務會計協會
http://www.hkaat.org.hk/

Hong Kong Institute of Certified Public Accountants香港會計師公會
http://www.hkicpa.org.hk/

Hong Kong Institute of Human Resource Management香港人力資源管理學會
http://www.hkihrm.org/index.php

Hong Kong Institute of Marketing香港市務學會
http://www.hkim.org.hk/

Hong Kong Management Association香港管理專業協會
http://www.hkma.org.hk

Hong Kong Society of Financial Analysts, The香港財經分析師學會
http://www.hksfa.org

Institute of Financial Planners of Hong Kong香港財務策劃師學會
http://www.ifphk.org

Society of Registered Financial Planners註冊財務策劃師協會
http://www.rfp-hk.org/public_html/index.php

Taxation Institute of Hong Kong, The香港稅務學會
http://www.tihk.org.hk

Information & Data related to Business (Local) 與商業有關的資訊及數據
Company Registry公司註冊處
http://www.info.gov.hk/cr

GovHK香港政府一站通
http://www.gov.hk/

Hong Kong Census Department政府統計處
http://www.censtatd.gov.hk

Hong Kong Information Services Department香港政府新聞網
http://www.news.gov.hk

Support and Consultation Centre for SMEs中小企業支授與諮詢中心
http://www.success.tid.gov.hk

On-line Glossary 網上詞彙
An English-Chinese and Chinese-English Glossary of Terms Commonly Used in the Teaching of Business, Accounting and Financial Studies in Secondary Schools中學企業、會計與財務概論科常用英漢及漢英辭彙
http://www.edb.gov.hk/tc/curriculum-development/kla/technology-edu/resources/business-edu/glossary.html

English-Chinese Glossaries of Terms Commonly Used in Government Departments政府部門常用英漢辭彙
http://www.csb.gov.hk/hkgcsb/glossary/glossary_tc.php

Financial Dictionary
http://www.financialdictionary.org/index.php

Glossary of Securities, Futures and Financial Terms
The Securities and Futures Commission英漢證券及財務用語匯編證券及期貨事務監察委員會
http://www.sfc.hk/sfc/html/EN/inutilbar/glossary/glossary.html

Hong Kong Investment Funds Association – Glossary香港投資基金公會 – 詞彙
http://www.hkifa.org.hk/eng/Glossary.aspx
http://www.hkifa.org.hk/chi/Glossary.aspx

Hong Kong Monetary Authority (Glossary)香港金融管理局 (詞彙)
http://www.info.gov.hk/hkma/eng/efn/glossary_b.htm

Hong Kong Trade Development Council (Glossary)香港貿易發展局 (常用詞彙)
http://www.tdctrade.com/correspondence/