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Introduction to BAFS

A. Curriculum Framework and time allocation

Compulsory Part : 108 hrs

Elective Part : 162 hrs

Total lesson time: 270 hours for SS1 to SS3

B. The curriculum

Compulsory Part

I. Business Environment

a. Hong Kong Business Environment

b. Forms of Business Ownership

c. Business Ethics and Social Responsibilities

II. Introduction to Management

a. Management Functions

b. Effective Management

c. Key Business Functions

d. Entrepreneurship and Small and Medium Enterprises (SMEs) Management

e. Business Communication

III. Introduction to Accounting

a. Purposes and the Changing Role of Accounting

b. Uses of Financial Statements

c. Accounting Principles and Conventions

d. The Accounting Cycle

e. Basic Ratio Analysis

IV. Basics of Personal Financial Management

a. Fundamentals of Financial Management

b. Personal Financial Management

Elective Part (Accounting Module)

V. Financial Accounting

a. Balancing Day Adjustments Relating to the Preparation of Financial Statements

b. Financial Reporting for different Forms of Business Ownership

c. Control Systems

d. Generally Accepted Accounting Principles

e. Financial analysis

f. Incomplete records

g. Information and Communication Technology (ICT) Applications in Accounting

h. Ethical Issues in Accounting

VI. Cost Accounting

a. Cost Classification, Concepts and Terminology

b. Job Costing

c. Marginal and Absorption Costing

d. Cost Accounting for Decision making