HKDSE BAFS notes & practice
Notes and practice for HKDSE Business, Accounting and Financial Studies: the compulsory part, the Accounting module and the Business Management module, in HKEAA wording.
- 1
Business Environment
Hong Kong's business environment and recent developments, the six factors affecting business decisions, forms of business ownership including MNCs, and business ethics and social responsibility.
- 2
Introduction to Management
The four management functions, principles of effective management, key business functions, organisation and span of control, and small and medium enterprises (SMEs).
- 3
Introduction to Accounting
The purposes of accounting, the accounting equation, the double-entry system, the trial balance and its limitations, and accounting assumptions, principles and conventions.
- 4
Personal Financial Management
Time value of money (future value, present value, net present value), nominal and effective rates of return, consumer credit, risk and return, the life-cycle approach, MPF, and stock trading.
- 5
Financial Accounting
Income statements and statements of financial position for a sole proprietorship, accruals and prepayments, bad debts and allowance for doubtful accounts, depreciation, inventory valuation and ratio analysis.
- 6
Cost Accounting
Cost classifications, absorption and marginal costing, cost-volume-profit analysis (breakeven point, target profit, margin of safety) and relevant costs for special-order and make-or-buy decisions.
- 7
Financial Management
Financial analysis, budgeting and variances, sources of financing, capital investment appraisal (ARR, payback period, NPV), working capital management and risk management.
- 8
Human Resource Management
Manpower planning and staffing, performance appraisal, reward management, training and development, motivation theories (Maslow, Herzberg, McGregor) and internal communications.
- 9
Marketing Management
The marketing concept and process, marketing research and sampling, consumer behaviour, segmentation, targeting and positioning, the marketing mix, the product life cycle, services marketing and customer relationship management.