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Accounting

Introduction

Accounting is an applied discipline that studies financial activity information systems. It assists decision-making and effectively manages the economy by collecting, classifying, synthesizing, analyzing, and interpreting cost data. Accounting is both a social subject and a management subject. The research object is the flow of funds.

Accounting plays an important role in business and is therefore known as the “language of business”: making reasonable judgments and decisions through “accounting” that measures and provides economic information. As the European economic center, the UK attaches great importance to research and education in the financial industry. Accounting and finance majors have become popular majors for applicants to British universities every year, with good employment prospects.

Entry Requirements

HKDSE:

554

Elective units 1/2 of Introduction to Business Accounting and Finance, Economics, and Mathematics Extended Parts IB: 28-37

IB:

28-37

A-levels:

A*AA-CCD

including accounting, business or mathematics

IELTS:

Total score 6.5
no individual component lower than 6.0

BTECs:

DDD-MMP

In the UK, finance and accounting are usually combined into one major, usually called Accounting & Finance or Financial Management. The courses involve accounting, finance, taxation, finance, insurance, industrial and commercial enterprise management, etc., and are highly targeted. Finance and accounting are usually divided into the following categories: Accounting and Finance, Banking and Finance, Corporate Finance, Finance and Economics, and Investment. , Financial Mathematics, Econometrics, etc.

Accounting is also the backbone of global business, with management information and financial reporting required for all decisions. Accounting programs are designed to develop leaders in the accounting profession and the business world. The course teaches students to think critically, analyze and interpret various business problems in order to develop solutions, as well as evaluate and deal with accounting and business issues in enterprises and society as a whole. In addition, students develop their interpersonal skills, including communication, leadership, and teamwork skills, preparing for careers in accounting, financial services, or management.

Career Preparation

Hong Kong: The work of accountants includes finance, tax planning, investment analysis, management, etc. The Hong Kong Institute of Certified Public Accountants is the only statutory professional accountant registration organization in Hong Kong and is responsible for supervising accounting affairs in Hong Kong. Accountants have stable incomes, with an average median monthly income of HK$30,000. For example, the median monthly salary for a manager is about HK$50,000; for a financial planning and analysis manager, the monthly salary can be as high as HK$100,000. The employment prospects in the accounting industry are good and the development trend is quite optimistic.

With an accountant qualification, you not only get a higher salary and greater chances for promotion, but you can also choose to practice on your own or become a partner of a joint accounting firm. After completing the degree, in addition to taking the license to become a professional accountant, you can also consider the following careers: accounting clerk, external auditor, internal auditor, tax accountant, forensic accountant, financial analyst, credit management and consulting, etc.

UK: Possible careers for graduates include accountants, banks, insurance brokers, financial advisors, financial traders, investment analysts and tax advisors. Due to the wide range of opportunities in the industry, students can find employment opportunities in different companies and industries and are extremely competitive. The average annual salary for graduates is between £18,000 and £22,000.