| Duration of the program: 480 hours (8-9 months) |
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| Key features of the program |
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Knowledge of financial and business analysis, including the corporate and personal state |
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Provides critical skills and knowledge for professional financial consulting |
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Introduction of basic economics, finance, law, banking system and contemporary knowledge of insurance |
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Methodology of personal financial planning |
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Essential subjects in investment and risk management |
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| Program Structure and Contents |
| The program will cover the following subjects: |
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| Subject 1: Principles of Corporate Finance (40 hours) |
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The main objective of this module is to enable students to understand the fundamental concepts in finance, assess alternative investment possibilities, and evaluate different sources of financing projects. Emphasis will be placed on the core knowledge and skills in the application of modern business finance theory with reference to practical case studies, and to provide students with an understanding of the key fundamental concepts of corporate finance. |
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Contents: |
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Finance and financial markets |
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Introduction to Valuation: The Time Value of Money |
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Discounted Cash Flow Valuation |
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Interest Rates and Bond Valuation |
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Stock Valuation |
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Capital Budgeting |
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| Subject 2: Financial Statement Analysis (40 hours) |
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The main objective of this module is to provide students with understanding of (i) the basic financial statements including Balance Sheet, Profit and Loss Account, Statement of Cash Flow, (ii) the theoretical techniques for analyzing those financial statements, (iii) a variety of valuation models to assess firm value and increase the understanding of different valuation models and their relationship to financial statement information, and (iv) the implementation of the theoretical knowledge into real life practice of financial statement analysis. |
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Contents: |
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Financial reporting standards |
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Introduction to the foundations of corporate financial statements |
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Income statement |
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Statement of Cash Flow |
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Balance Sheet |
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Simple firm valuation Models |
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Techniques of financial statements analysis, such as horizontal, vertical and ratio analysis |
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| Subject 3: Practice of Personal Financial Planning (40 hours) |
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The main objective of this module is to provide students with an understanding of the knowledge required by a professional personal financial consultant. Emphasis will be on the introduction of basic investment products and recent trends of personal financial planning techniques. Various investment products such as common stock, bonds, insurance will also be introduced in this module. Particular attention is given to forming a comprehensive and executable financial plan which reflects the most recent trends in financial consulting and planning. |
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Contents: |
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Basic principles of personal financial planning |
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Introduction of various investment products |
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Insurance planning for life and health |
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Process and techniques in personal financial planning and consulting |
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Professionalism and ethics in financial planning and consulting. |
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| Subject 4: Investment Management (40 hours) |
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The main objective of this module is to introduce the basic idea of investment management: investment decision theory, securities analysis, modern portfolio theory and bond analysis. The investment environment of Hong Kong will be discussed. Students will to understand the nature of different types of investment products and apply the investment techniques in light of risk-return trade-offs. |
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Contents: |
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Investment decision theory |
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Investment Environment of Hong Kong and China |
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Security Analysis |
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Portfolio Analysis and Management |
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Bond Analysis and Management |
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| Subject 5: Business Law (40 hours) |
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The course aims to give a brief introduction to the legal system of the Hong Kong Special Administrative Region with emphasis on its legal and constitutional framework; and equip students with the fundamental knowledge of the legal principles of commercial transactions. Upon completion of this course, students should be able to: |
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have a basic understanding of the legal system of Hong Kong; |
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have a clear understanding of the basic legal principles of the Law of Contract, Employment and Agency; |
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apply in practice the relevant law and principles to tackling simple legal problem involving business law; and |
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have a critical thinking about the business law relevant to their profession. The course embraces the following major topics: Legal System, Law of Contract, Law of Employment and Law of Agency. |
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| Subject 6: Financial Accounting (40 hours) |
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The course aims to equip students with the basic understanding of the principles and concepts of accounting; develop students' ability to apply the accounting principles and concepts in the preparation of financial and related information to meet internal and external obligations; and build up students' basic ability to analyze and interpret financial statements. |
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| Subject 7: Essentials of Banking Services (40 hours) |
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This course aims to provide students with knowledge in the role of money and banking in the monetary and financial systems. It also aims to enable students to understand how monetary policy can be implemented. Monetary theory and issues related to the banking system and central banking in Hong Kong will be examined. Topics include nature of money, commercial banking structure, bank management and regulations, central banking, money supply process, and monetary theory and policy. |
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| Subject 8: Risk Management (40 hours) |
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This course builds on material in Business Management, Economics, Finance, and Business Strategy to give the student an insight into how a business can identify and measure is loss exposures and select appropriate tools for the management of that exposure. It also examines issues of Financial Management within the insurance enterprise. |
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| Subject 9: Economics (40 hours) |
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This course aims to provide a general study of basic economic principles. It presents Economics not only as a mere body of knowledge but also as a method to understand current economic problems. Major topics covered are as follows: the nature and methods of Economics; demand and supply in the product and factor markets; national income accounting; simple national income determination model; aggregate demand and supply analysis; money supply and the central bank; international trade and finance; and the effects monetary and fiscal policies on the local economy. |
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| Subject 10: Tax Planning (40 hours) |
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This course aims to introduce students the basic principles of the taxes operated under the Hong Kong Inland Revenue Ordinance and its administration; enable students to understand the scope of charge, basis of assessment and relief of the salaries tax, profits tax and property tax; enable students to understand the relief under the personal assessment and the scope of charge and basis of assessment of stamp duty and estate duty; and understand the general tax planning. |
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| Subject 11: Insurance (40 hours) |
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This course is to provide knowledge of the latest financial planning tools, major steps of financial planning process and the job knowledge requirements of a financial planner. |
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| Subject 12: Research Report |
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The study of the business research provides students with the knowledge and skills needed to solve the problems and meet the challenges of a fast-paced decision-making environment. |
