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MSc in Applied Accounting and Finance (MScAAF)

Hong Kong Baptist University / HKBU
Full-time: 1 year / Part-time: 2 years
Full time/part time
Master's degree
Scholarships available
On campus
Hong Kong
September 2022
Application deadline: 28 February 2022
MSc in Applied Accounting and Finance (MScAAF)

Program description

MSc in Applied Accounting and Finance (MScAAF)

The MSc in Applied Accounting and Finance (MScAAF) is a master's degree programme in Hong Kong that integrates applied knowledge and skills in accounting and finance to train professionals who will be at home in both fields. The programme emphasizes real, practical international cases. Students acquire an in-depth understanding of and updated knowledge in both accounting and finance. This makes the programme suitable not only for accounting and finance professionals, but also for managers and executives in other business areas.

The MScAAF curriculum itself is flexible in providing students with the options of completing the programme in 1 year full-time mode (3 trimesters, 2 to 4 courses in each trimester) or 2 years part-time mode (5-6 trimesters, 1-2 courses in each trimester). The required courses for both part-time and full-time modes are identical.

Classes are held at HKBU Kowloon Tong campus on weekday evenings and/or weekend afternoons. Full-time classes may also be held during daytime on weekdays. However, while every effort will be done to keep this arrangement, it is subject to change due to some exceptional circumstances.

Admission requirements


Academic Qualification

a. A bachelor's degree with honours in Business from a recognised university or comparable institution, or a professional qualification deemed to be equivalent (e.g., a professional qualification in accounting or finance field such as CPA/ACCA from designated accounting bodies, CFA from Institute of Certified Financial Analysts, CMA from Institute of Management Accountants, etc.); or

b. A bachelor's degree in other disciplines with relevant experience and/or training in Accounting, Finance, Management or related fields.

Language Proficiency Requirement

Applicants should possess proof of English proficiency if their first degrees were obtained from non-English-medium institutions:

  1. a minimum IELTS overall band score of 6.5; or
  2. TOEFL score of 79 (internet-based); or
  3. the equivalent score of other tests.


Applicants should have a satisfactory performance in an admission interview;

Applicants with Graduate Management Admission Test (GMAT) score or relevant working experience are preferred.

Students with non-Business degree who lack basic training/experience in Accounting, Finance or related fields may also be qualified, conditional to a make-up of the accounting and finance fundamentals through an intensive foundation course at their extra cost or the guided self-study before the commence of the MScAAF programme.

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Program content

Students are required to take 11 courses. There are 8 core courses, 2 courses and 1 non-unit bearing course (a total of 30 units) to be offered by either department (details of the potential courses to be offered are givenhere). Hence students can opt for concentrating more on either accounting or finance electives in light of their academic and working background and their needs for obtaining more knowledge and training in accounting or finance field. (The list of the electives may be expanded later as the programme develops and more resources become available). Under special circumstances, students may take a guided independent study or an integrated project concentrating on the application of both accounting and finance knowledge as the alternative for only one elective course if approval in advance is granted.

Core Courses

  • ACCT 7210   Advanced Corporate Financial Reporting
  • ACCT 7220   Strategic Management Accounting and Controls
  • ACCT 7230   Issues on Internal and External Auditing
  • ACCT 7240   Accounting Theory and Policy
  • FIN 7210       Corporate Finance
  • FIN 7220       Investment and Portfolio Analysis
  • FIN 7230       Financial Strategy
  • FIN 7260       Financial Statement Analysis & Business Valuation

 Elective Courses (select any two)*

  • ACCT 7270   Corporate Governance and Disclosures
  • ACCT 7870   Financial Regulations and Compliance
  • ACCT 7880   Governance, Leadership and Ethics
  • ACCT 7910   Hong Kong and International Taxation
  • ACCT 7920   Commercial and Company Law
  • FIN 7240       Derivative Securities and Risk Management
  • FIN 7750       Financial Technology (FinTech)
  • ISEM 7210    Business Processes and Information Management
  • ACCT 7280   Independent Studies / integrative Project (in Accounting)*
  • FIN7280        Independent Studies / integrative Project (in Finance)*

 Non-Unit Bearing Course

  • BUS7510       MScAAF Seminars and Workshops

* Not all the elective courses listed above will necessarily be offered each year.
* The independent studies/integrated project can only be selected to replace an elective course under special circumstance and advance approval is required.

Medium of Instruction

English is the official medium of instruction.

Scholarships & funding

International Postgraduate Scholarship

To enhance internationalization and provide students with a global educational experience, the International Postgraduate Scholarship is offered to outstanding international students. Scholarship recipients will get full tuition waiver plus HK$100,000 living allowance (approx. US$12,800). Eligible international applicants will be automatically considered for the scholarship based on their all-round record and interview performance.  

Diversity Contribution Scholarship

We believe that diversity inspires new thinking, fosters greater understanding and enriches the learning experience. The Diversity Contribution Scholarship is attributed to new entrants who can enhance the diversity of the programme. Applicants are assessed on a broad range of criteria, including international exposure, cultural experiences, overseas education, work experience, special achievement and talents. The scholarship amount ranges from half tuition waiver to full tuition waiver.

Entrance Scholarship / Young Talent Scholarship (for full-time applicants only)

These Scholarships, range from HK$80,000 to HK$20,000, will be provided to students with outstanding academic backgrounds and public examination results. Applicants will be considered for the scholarships automatically. For the Entrance Scholarship, applicants who submit completed applications before the deadline of the first round admission will be considered.

Excellence Academic Performance Award

Student(s) who obtain the highest cGPA in the class will be awarded at the time of graduation.

Tuition fees

Local students: HK$160,000
Non-local students: HK$220,000

Note: Tuition fees are subject to annual review.

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Founded in 1956, Hong Kong Baptist University (HKBU) is a public tertiary institution (Government-funded university) in Hong Kong, which committed to the provision of whole person education. Today, HKBU encompasses eight Faculties/Schools, offering a range of bachelor, master (taught or research postgraduate) and doctoral programmes. Over the years, HKBU has remained committed to academic excellence and the development of the whole person, and has gained a reputation as one of Asia’s finest institutions of higher learning.


About this institute

Hong Kong Baptist University / HKBU

Since 1956, Hong Kong Baptist University (HKBU), School of Business has provided innovative business education to students from across the globe. HKBU School of Business has achieved recognition from the three largest and most influential business school accreditation associations. The...

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Why study at Hong Kong Baptist University / HKBU

A few reasons to study at HKBU School of Business:

  • HKBU School of Business is based in one of world’s most important financial centres and is strategically located to effectively address major global trade and business developments.
  • Along with the HKBU mission focusing on Whole Person Development, the School focuses on holistic business education. Students are equipped with employable skills, because of which graduates are highly regarded by employers.
  • There are many programmes for students to choose from, including a BBA programme and 14 postgraduate programmes, ranging from master’s level to PhD.

HKBU School of Business is recognised worldwide as:

  • The only business school in Hong Kong and among the 1% of schools worldwide to be accredited by AACSB, AMBA and EQUIS.
  • The longest-established publicly funded business school in Hong Kong, established in 1956 and having an alumni network of over 20,000.
  • A Top 25 Asia-Pacific Business School (Financial Times in 2018).
  • A Top 15 Young University in Asia (QS World University Rankings for the last five years).
  • HKBU ranked 60th in the world (Times Higher Education World University Impact Rankings in 2019).

Contact info

Hong Kong Baptist University / HKBU

34 Renfrew Road, Kowloon Tong
Hong Kong

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Contact school

Want to know more about MSc in Applied Accounting and Finance (MScAAF)? Fill out the following form and we'll pass your details on to a representative from the school, who will respond to your enquiry.


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