Following the consultation of the proposed New Qualification Framework for the Hong Kong Accredited Accounting Technicians, we are pleased to announce the finalised syllabuses for the new Accredited Accounting Technician (AAT) Examination, Professional Assessment (PA), Professional Bridging Examination (PBE) and details of the transitional arrangements as appended below:
A final paper, setting out the blueprint for the HKIAAT’s New Qualification Framework, will be issued in due course. Please watch out our website for the announcement.
The Accounting Case Competition, jointly organized by the HKIAAT with the Education Bureau and Hong Kong Association for Business Education, was successfully held on 15 December 2007.
Initiated by HKIAAT in 2002, the Competition aims to enhance students' ability in using accounting information for business development. All participating teams are required to study an annual report of a selected listing company. This year the 2006 Annual Report of Hongkong and Shanghai Hotels, Limited is chosen to be the real case study. Students are then requested to answer a set of diversified questions in accounting and business disciplines.
Every year it attracts students from secondary schools and tertiary institutes in Hong Kong. The response of the sixth year running is overwhelming. 145 schools and institutes have participated in this year's event and the competition took place at Po Leung Kuk C W Chu College on 15 December 2007. The top three entrants and the merits award winners of each group are selected based on their knowledge in accountancy as well as their problem solving and analytical skills.
The top three prizes were awarded at the HKIAAT Annual Dinner and Prize Presentation Ceremony held on 30 January 2008.
Students are advised that the syllabuses/reading lists have been updated in the following papers:
- Paper 1 – Financial Accounting
- Paper 2 – Business Communication
- Paper 4 – Information Technology Applications in Accounting
- Paper 5 – Hong Kong Taxation
- Paper 6 – Hong Kong Business Law
New AAT-branded Merchandise
Two new items of AAT-branded merchandise – scarf and name card holder – are now available for you to buy at the HKIAAT office. Remember that by presenting your member/student card you can get a discount on these great items!
| Item |
Listed price (HK$) |
Member/student price (HK$) |
Scarf
 |
180 |
150 |
Name Card Holder
 |
100 |
80 |
青年會計大使 – 訪暨南大學
協會過去幾年舉辦的國內交流團都廣受會員及學生的歡迎。協會今年亦再度於聖誕節期間率領兩日一夜的考察團到廣州拜訪暨南大學，詳情如下:
| 日期 |
二零零七年十二月二十五日至二十六日 (星期二至星期三) |
| 名額 |
四十名本會會員及註冊學生 |
| 住宿 |
廣州市三星級酒店 |
| 暫定活動 |
1. 暨南大學會計座談會
2. 參觀暨南大學校園
3. 拜訪會計師事務所
4. 拜訪廣東省稅務局或企業
5. 觀光 |
| 費用 |
港幣三百元正 (包括香港來回廣州及廣州市內交通、食宿、參觀入場費、等等，餘額由協會津貼) |
| 申請手續 |
1. 請填妥表格連同費用，交回協會秘書處:香港灣仔皇后大道東213 號胡忠大廈27樓
2. 支票抬頭請寫 「香港財務會計協會有限公司」
3. 接納報名申請的方法是以先到先得，額滿即止為準則。成功申請與否將獲另函通知。協會擁有接受報名申請之最終決定權
4. 截止報名日期為二零零七年十二月三日
5. 協會有可能因應人數不足或其他的原因而作出任何調動更改或取消是項行程 |
Accounting Case Competition 2007 - List of Participants
We are pleased to announce the list of participants for the Accounting Case Competition 2007 as follows:
Accounting Case Competition 2007 - Announcement of Listed Company
We are pleased to announce that the 2006 Annual Report of the Hongkong and Shanghai Hotels Limited has been chosen to set the questions of the Accounting Case Competition 2007. Please browse its website at www.hshgroup.com to download the report.
You may also download the annual report below:
Philips Showrooms Private Sale
PHK Showrooms is pleased to offer the privileges for all HKIAAT members and students at its Private Sale from 16 – 18 November 2007 at Philips Showrooms.
Benefits
- Up to 70% off market price on Philips and Whirlpool electronic and home appliances
- Present the member/student card or the invitation letter to get the extra benefit of $100 coupon
- Some goods are subject to delivery and installation charges
Place, Time & Enquiries
Hopewell Centre Showroom
Room 1706, 17/F., Hopewell Centre, 17 Kennedy Road, Wanchai, Hong Kong.
Tel.: 2529 8321 / 2529 8510
Fax: 2528 4408
Opening hours: 10:00 am – 7:00 pm
Star House Showroom
Shop B2-3 on Basement, Starhouse Plaza, Star House, No. 3 Salisbury Road, Tsim Sha Tsui, Kowloon.
Tel.: 2317 6350 / 2376 2032
Fax: 2376 1201
Opening hours: 10:00 am – 7:00 pm
Tsuen Wan Showroom
Shop B110-111A, B1, Panda Place, 3 Tsuen Wah Street, Tsuen Wan, New Territories.
Tel.: 2628 9033 / 2628 9932
Fax: 2628 6913
Opening hours: 11:00 am – 8:00 pm
New CPD Seminars for Members and Students
The HKIAAT is proud to launch its new CPD Programme for our members and students. The first two seminars are "Audit Risk Evaluation" and "Hedge Accounting under HKAS 39". As accounting technicians, you need to constantly update your technical knowledge and professional expertise. We urge you to enrol on our CPD Seminars which are catered for your needs.
Seminar 1 - Audit Risk Evaluation
HKSA 200 "Objectives and General Principles Governing an Audit of Financial Statements" states that the auditor should plan and perform the audit to reduce audit risks to an acceptable level in relation to the audit objective.
This seminar will focus on areas that auditors should be aware of during the audit planning stage. The nature of materiality, audit risk components and risk assessment will be covered. Case studies will be provided to help participants get a better understanding of the audit principles and their application.
| Speaker |
Simon Wong |
| Date |
Monday, 19 November 2007 |
| Time |
7:00 pm – 9:00 pm |
| Venue |
Hong Kong Institute of CPAs Training Centre, 27/F Wu Chung House, 213 Queen's Road East, Hong Kong |
| Fee |
HK$ 80 for HKIAAT members / students
HK$100 for non-HKIAAT members / students |
| Enrolment Form |
Download
|
Seminar 2 - Hedge Accounting under HKAS 39
This seminar will introduce you to hedge accounting and cover the following areas:
- What is hedge accounting?
- Different kinds of hedging, their accounting treatments and their impact on income statements
- Documentation required to establish hedge accounting
- Effectiveness testing of hedge accounting and its implications on financial statements
- Examples of hedge accounting
| Speaker |
Sidney Lo |
| Date |
Monday, 17 December 2007 |
Time |
7:00 pm – 9:00 pm |
| Venue |
Hong Kong Institute of CPAs Training Centre, 27/F Wu Chung House, 213 Queen's Road East, Hong Kong |
| Fee |
HK$ 80 for HKIAAT members / students
HK$100 for non-HKIAAT members / students |
| Enrolment Form |
Download
|
Accounting Case Competition 2007
The Accounting Case Competition, jointly organised by the HKIAAT, the Education Bureau and Hong Kong Association for Business Education, will be held on 15 December 2007 at Po Leung Kuk C W Chu College.
This is the sixth year that the HKIAAT has organised the competition. Every year the competition attracts more than 300 students from secondary schools and tertiary institutes. By adopting a real case study approach, the competition is found to be more interesting and practical than the traditional question-and-answer type format. Students are asked to download the annual report of a real listing company to prepare for their competitions. Hong Kong Economic Times, Bossini, Cathay Pacific, Jusco and Café de Coral have generously supported our event in the past years.
Full-time secondary 4 to 7 students and sub-degree tertiary students are eligible to apply to take part in the competition and enter the appropriate group: Secondary 4 to 5 Group, Secondary 6 to 7 Group and Tertiary Institute Group. Each secondary school can nominate only one team each for the Secondary 4 to 5 Group and Secondary 6 to 7 Group, and each group shall consist of two members. Each institute can nominate a maximum of two teams each consisting of two members. Schools or institutes who are interested in participating should submit their applications on or before 2 November 2007.
Download area
Registration Form for Accounting Case Competition
Notes for briefing session on 25 October 2007
Past question papers:
2006
Sixth Form Group (Chinese)
Sixth Form Group (English)
Senior Secondary Group (Chinese)
Senior Secondary Group (English)
Tertiary Institutes Group (English)
2005
Secondary Schools Group (Chinese)
Secondary Schools Group (English)
Tertiary Institutes Group (English)
2004
Secondary Schools Group (Chinese)
Secondary Schools Group (English)
Tertiary Institutes Group (English)
2003
Secondary Schools Group (Chinese)
Secondary Schools Group (English)
Tertiary Institutes Group (English)
2002
Secondary Schools Group (Chinese)
Secondary Schools Group (English)
Tertiary Institutes Group (English)
Free Information Session
The demand for accounting personnel has been ever increasing, especially for supporting staff who work as an Accredited Accounting Technician (AAT).
As an AAT, you will be highly sought after in the public and private sectors. You can work within an accounting practice, a small or medium-sized company, or with a multinational organisation. You can work in any industry sector you choose.
To let prospective students know how to become an AAT, the prospect and reward of attaining an AAT qualification, we will be organsing free information sessions in the coming months. Register now to reserve a place!
Early Closure on 25 September 2007
The office and library will close at 4:00 p.m. on 25 September 2007 for the Mid-Autumn Festival.
Get Fit with California Fitness
California Fitness is pleased to announce the Workplace Health Benefit Program for HKIAAT members and students. Details of the Program are as follows:-
Membership Type: VIP Platinum Membership - All Clubs All Hours
Membership Fee:
| Joining fee |
HK$0 (Original Club Rate = HK$999) |
| Processing fee |
HK$0 (Original Club Rate = HK$499) |
| Monthly fee |
HK$288* (Original Club Rate = HK$598) |
*Initial payment includes first & last two months' fee (HK$288 x 3)
Benefits:
- Access to 22 clubs in Asia (Hong Kong, Malaysia, Singapore and Taiwan) & over 350 in the U.S.A.
- Access to 9 locations in HK - Central, Wan Chai, Causeway Bay, Tsim Sha Tsui, Mong Kok x 2, Tuen Mun, Whampoa and Quarry Bay (NEW)
- Unlimited use of aerobic classes (such as Yoga, Pilates, Body combat, Cycling)
- Free towels, daily lockers, sauna, steam and other bathroom accessories
- One "Free" Personal Training Session is also included (normally $800 per session)
- For Fitness Locations and more benefits. Click here.
Condition: 12-month minimum commitment
Enquiries & Application Method:
- For enquiries about program details, kindly contact Kimmy Leung of California Fitness at 9684 9814 / kimmyleung@californiafitness.com
- To register, please kindly send an e-mail with your name and mobile no. to Kimmy Leung at kimmyleung@californiafitness.com before 10 November 2007.
- Interested parties will be contacted separately after the deadline for payment arrangement.
Notes:
- This membership is ONLY available by email registration as stated above and NOT available at any of the California Fitness club
- Current California Fitness monthly members may also take advantage of this program (NO refund on the existing deposit)
- Family members can join this package as well(same residential address proof is required)
- For more information about the Club, please visit www.californiafitness.com
Enroll NOW!
New Titles at HKIAAT Secretariat
Since the inception of the Hong Kong Institute of Accredited Accounting Technicians Limited (HKIAAT), it has received tremendous manpower and logistical support from its parent body, the Hong Kong Institute of Certified Public Accountants (HKICPA). Behind the scene, many staff members of HKICPA have contributed their time and effort to support HKIAAT's operations and activities.
The HKIAAT Board would like to formally recognise the positions of HKICPA executives who are involved in the day-to-day management of the HKIAAT operations and to allow respective staff to sign relevant documents of HKIAAT in a proper capacity as and when necessary. The following titles for HKIAAT Secretariat are now in place:
|
Title at HKIAAT
|
Name of staff
|
Position at HKICPA
|
| Institute Secretary (no change) |
Ms. Winnie Cheung |
Chief Executive and Registrar |
| Executive Director (new) |
Ms. Georgina Chan |
Executive Director |
| Director (new) |
Mr. Jonathan Ng |
Director, Student Education and Training |
| Assistant Director (new) |
Ms. Bo Bo Man |
- |
Taking advantage of the removal of HKIAAT office to be in the same premises as the HKICPA, there will be further integration in manpower and resources, to tap greater synergies for the two organisations working together. This should enhance operational support as the HKIAAT moves to implement its new qualification framework, following the consultation that closed on 31 May 2007.
Updates on the Consultation of the proposed HKIAAT New Qualification Framework
The consultation of the proposed New Qualification Framework for Hong Kong Accredited Accounting Technicians was completed on 31 May 2007. At the conclusion of the consultation period, a total of 13 written responses were received. The distribution of respondents is as follows:
| Professional bodies: |
1 |
| Course providers: |
2 |
| CPA firms: |
1 |
| Government departments: |
2 |
| HKIAAT members: |
3 |
| HKIAAT graduates and students: |
2 |
| Others |
2 |
| Total |
13 |
The responses in general are supportive of the New Qualification Framework. It was considered by most of the respondents that the New Qualification Framework would enhance the status of the AAT qualification in Hong Kong and would also assist members/students in their career development.
As many students and course providers have requested to postpone the launch of the New Qualification Framework in order to provide sufficient time for them to prepare for the new examinations, the HKICPA Council and HKIAAT Board have decided that the new framework be postponed by one cohort, i.e. from December 2008 to June 2009. A finalised paper, setting out the blueprint for the HKIAAT's New Qualification Framework, will be issued in September 2007. Please watch out the HKIAAT website for the announcement.
Book-keeping and Accounts Examination (Chinese)
With effect from 2007, the Book-keeping and Accounts Examination Chinese Paper (中文簿記與會計考試) will ONLY be provided in the June examination session. The HKIAAT will closely monitor feedback from students and course providers and will consider reinstating the December session if appropriate.
New Operating Hours
The HKIAAT will adopt a five-day working week for the Secretariat effective from 1 July 2007. Please be assured that there will be no reduction in service. The Secretariat will extend working hours to 6 p.m. from Monday to Thursday and the reception counter and library will remain open on Saturday morning.
The new operating hours (effective from 1 July 2007) are as follows:
| Counter Service |
Monday to Friday
9:00 am - 6:00 pm |
Saturday
9:00 am - 12 noon |
| Library |
Monday to Friday
9:00 am - 7:00 pm |
Saturday
9:00 am - 12 noon |
| Main Office |
Monday to Thursday
9:00 am - 6:00 pm |
Friday
9:00 am - 5:30 pm |
Briefing Sessions for the Proposed HKIAAT New Qualification Framework
Consultation on the proposed HKIAAT new qualification framework was rolled out in mid March. Since then, we have received many written comments and suggestions which are important for us in finalising the new qualification framework.
The consultation period has been extended to 31 May 2007. If you have not submitted your comments yet, you are welcome to do so before this closing date.
In order to enable our stakeholders to understand our proposals and provide opportunities to freely exchange views, briefing sessions for various parties are organised in April. Many who care for the future of the accounting technician profession, including our members and students, and course providers, attended the briefing sessions and expressed their views on the spot.
Sharing Session for Secondary School Teachers
A sharing session on the use of case study approach for learning and teaching of business studies for secondary school teachers was organised in collaboration with the Education and Manpower Bureau on 31 March 2007. Over 60 secondary school teachers attended.
The session aimed at (i) introducing the Accounting Case Competition to secondary school teachers; (ii) finding out about the successful experience of winning school; and (iii) presenting the benefits of using real cases in understanding business.
Mr Wan Shiu Kee, convenor of the Accounting Case Competition, introduced the Accounting Case Competition to the audience, discussing the background and objectives of the competition. He also reviewed the cases used in the past years and talked about how to make best use of the cases for learning and teaching. Mr Stanley Wong, the teacher-in-charge at SKH Lam Woo Memorial Secondary School (the winning school in the Sixth Form Group in the 2006 competition), then recaped his experience in preparing students for the competition and shared the learning and teaching of business subjects through cas study approach. Mr Nelson Lam, FCPA (Practising) followed by using real cases in assisting the audience in learning business through different perspectives. The teachers found the sharing session useful for them in learning and teaching and they raised many questions during the Q&A session which were well-addressed by the speakers.
We would like to thank the speakers for their immense contribution in making the session a success.
Consultation Paper on a proposed New Qualification Framework for HK Accredited Accounting Technician
The parent institute of the Hong Kong Institute of Accredited Accounting Technicians Limited (HKIAAT), the Hong Kong Institute of Certified Public Accountants, has issued in March 2007 a consultation paper that sets out the proposals on a new qualification framework for HKIAAT.
The Hong Kong Institute of CPAs, with its statutory role of regulating the accounting profession in Hong Kong, sees as its responsibility to periodically review the competency requirements of accounting technicians under the HKIAAT accreditation to ensure these are in step with business needs and the professional market of Hong Kong, and international best practices.
The proposals contained in this paper are the result of a comprehensive review and consultation with major education providers, educationalists, employers and practitioners, conducted by an independent consultant appointed by the Institute, Advanced Business Education Limited (a subsidiary of the New Zealand Institute of Chartered Accountants). References have also been made to the HKSAR Government's recently announced plan to introduce a new “3+3+4” academic system.
The proposed new qualification framework comprises three key requirements including:-
• Knowledge requirements
• Values requirements
• Practical Experience requirements
It is intended to ensure that those who hold the HKIAAT qualification will meet the broadening role required to support our finance and accounting professionals in the dynamic world in which we operate.
Proposed changes of, and additions to, the existing admission requirements are highlighted in this consultation paper for comments. They do not represent an adopted policy or position of the Hong Kong Institute of CPAs' Council or the HKIAAT Board. The purpose is to elicit an even wider range of responses from all stakeholders before the final HKIAAT new qualification framework is adopted.
Your comments are important to help us shape the future of the accounting technicians qualification in Hong Kong. Written comments are most welcome and should be submitted to the Institute no later than 31 May 2007 to the following address:
The Chief Executive & Registrar
Hong Kong Institute of Certified Public Accountants
27/F, Wu Chung House
213 Queen's Road East
Wanchai, Hong Kong
If you have any questions relating to the proposed new qualification framework, please contact us by phone at 2823 0600 or in person on 27/F Wu Chung House, or by email to
• Full Version of the Consultation Paper
• Frequently Asked Questions
Q&A Booklets
Questions and Answers (Q&A) Booklets for the December 2006 and January 2007 examinations is now ready for sale at our counter. Each copy costs HK$10.
Mail order is available. Please complete the mail order form and return it to us together with a stamped self-addressed envelope (size: 10”x14”or larger) and a cheque for payment for the Q&A booklet charges. The form can be obtained from the HKIAAT either by fax through the hotline at 2823-0660 or download from our website.
Annual Report 2005/06
The HKIAAT Annual Report for the year 2005/06 is published. Please download the full version here.
Results of the Accounting Case Competition
The Accounting Case Competition, jointly organised by the HKIAAT with the Education and Manpower Bureau and Hong Kong Association for Business Education, was successfully held on 16 December 2006.
In order to allow more students to participate in the competition, the number of entry groups was increased from two to three. The three groups were: Senior Secondary Group (F4 – F5); Sixth Form Group (F6 – F7); and Tertiary Institute Group. The competition was once again very popular with a total of 153 teams from secondary schools and tertiary institutes participating.
The winners of the competition are as follows:
Senior Secondary Group
| Prize |
Name of School |
| Champion |
La Salle College |
| 1st runner-up |
Clementi Secondary School |
| 2nd runner-up |
Hong Kong Taoist Association Tang Hin Memorial Secondary School |
| Merit |
- SKH Lam Woo Memorial Secondary School
- Kiangsu-Chekiang College (Shatin)
- Hong Kong Chinese Women's Club College
- St Paul's Secondary School
- Kwun Tong Government Secondary School
- Good Hope School
- Munsang College
- King Ling College
- St Francis Xavier's College
- CCC Kei Heep Secondary School
|
Sixth-Form Group
| Prize |
Name of School |
| Champion |
SKH Lam Woo Memorial Secondary School |
| 1st runner-up |
Hong Kong Chinese Women's Club College |
| 2nd runner-up |
Sing Yin Secondary School |
| Merit |
- CCC Kei Heep Secondary School
- Hong Kong Taoist Association Tang Hin Memorial Secondary School
- La Salle College
- Buddhist Kok Kwong Secondary School
- King's College
- SKH Tsang Shiu Tim Secondary School
- Kwun Tong Government Secondary School
- Po Leung Kuk Wu Chung College
- Belilios Public School
- Heep Yunn School
- Kau Yan College
- Po Leung Kuk C W Chu College
- SKH Chan Young Secondary School
|
Teritary Institute Group
| Prize |
Name of School |
| Champion |
City University of Hong Kong |
| 1st runner-up |
Hong Kong Institute of Vocational Education (Shatin) |
| Merit |
- Hang Seng School of Commerce
- City University of Hong Kong
|
All top three prizes of each group will be presented at the HKIAAT Annual Dinner and Prize Presentation Ceremony to be held on 8 February 2007. We would like to take this opportunity to express our sincere gratitude to Hong Kong Economic Times Limited for being our media partner for this event.
Great Discount Offer for Members and Students
HKIAAT members and students are eligible to apply for a special HKIAAT Esprit co-branded privilege card to enjoy the special year-round benefits from Esprit:
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1. 10% discount on all items (including sales items), Red Earth products and Esprit Salon.
2. The qualifying spending of HK$800 to become an Esprit Club member is waived.
3. A birthday month discount of 20%.
4. A welcome gift (digicam bag / candle set for the first 5000 members) upon successful application.
5. Priority Esprit pre-sale invitations (VIPs nights).
6. 2 - 3 times a year ad hoc pre-sale for discounts up to 20% - 30%.
7. Grooming package for new members of HKICPA/HKIAAT where they can enjoy:-
- 30% off any full priced blazers/jackets or
- free name card holder
8. Exclusive offer at Spring, Summer & Fall 2007 Collection.
To obtain this co-branded privilege card, click here to apply online now (Online registration available until 9 APRIL 2007 only). The programme will expire on 31 December 2007.
Student Handbook
The online version of the student handbook can now be downloaded from our website. All registered students are requested to refer to the online version as, in order to reduce paper consumption, we will not be printing any hard copies. Notice of any changes to the handbook will be posted in the Journal.
Annual Dinner and Prize Presentation Ceremony 2007
The HKIAAT Annual Dinner and Prize Presentation Ceremony 2007 will be held on Thursday, 8 February 2007 at the Hong Kong Bankers Club. We are honoured to announce that Mrs Lucia Li, Director of Accounting Services, The Treasury, HKSAR, has accepted our invitation to be our Guest of Honour.
The Prize Presentation Ceremony is an annual event that recognises and commemorates the outstanding performance of the HKIAAT top students, scholarship recipients of various educational institutes and winners of the Accounting Case Competition.
The dinner is also an occasion for accounting professionals and academics to get together. Honourable guests to be invited will include government officials, presidents / chairmen of professional bodies and business associations, and heads of academic institutes.
The tentative programme is as follows:
| Time |
Event |
| 6:30pm - 7:00pm |
Cocktail reception and registration |
| 7:00pm - 8:00pm |
Prize presentation ceremony |
| 8:00pm - 10:30pm |
Dinner (Chinese cuisine) |
Members and students are cordially invited to share the evening with us. Please contact the Secretariat at 2823-0600 to reserve your seat on or before 10 January 2007. The charge for the dinner is HK$500 per person. An invitation card will be sent to confirm your reservation upon receipt of payment.
Library Opening Hours
The library opening hours will be extended between 7 December 2006 and 21 December 2006 as follows:
| Mondays |
9:00am to 9:00pm |
| Tuesdays to Fridays |
9:00am to 7:30pm |
| Saturdays |
9:00am to 12:00noon |
| Sundays |
Closed |
*The library will close at 4:00 pm on 22 December 2006 due to Winter Solstice.
New Policy on Individual Assessment
With effect from 1 January 2007, the HKIAAT will discontinue its present practice to consider individual candidates' applications for assessment of their qualification for exemption from HKIAAT examination papers.
The Institute will still continue to review and assess qualifications of candidates which had been accredited by the HKIAAT, for purpose of seeking exemption from HKIAAT examination papers. For details of these accredited programmes, please click here.
Accounting Case Competition 2006
The Accounting Case Competition, jointly organised by the HKIAAT, the Education and Manpower Bureau and Hong Kong Association for Business Education, will be held on 16 December 2006 (Saturday) at Po Leung Kuk C W Chu College.
The competition, which is now in its the fifth year, aims to enhance student's ability in using accounting information for business development. Every year the competition attracts more than 300 students from secondary schools and tertiary institutes. Part of its overwhelming success is due to it adopting a real case study approach, which has proved to be more interesting and practical than the traditional question-and-answer type format. Students will be asked to download the annual report of a real designated listing company as part of their competition preparations. This year we have chosen the 2005/2006 Annual Report of Hong Kong Economic Times Holdings Limited to set our questions. Participants are advised to download the report from the company's website at www.hketgroup.com.
We would like to take this opportunity to express our sincere gratitude to Hong Kong Economic Times Limited for being our media partner for this event.
List of participants:
Question papers of the past years:
2005
Secondary Schools Group (Chinese)
Secondary Schools Group (English)
Tertiary Institutes Group (English)
2004
Secondary Schools Group (Chinese)
Secondary Schools Group (English)
Tertiary Institutes Group (English)
2003
Secondary Schools Group (Chinese)
Secondary Schools Group (English)
Tertiary Institutes Group (English)
2002
Secondary Schools Group (Chinese)
Secondary Schools Group (English)
Tertiary Institutes Group (English)
Fees for 2007
In view of the recent feedbacks from members/students, the HKIAAT Board has recently resolved that members are only required to pay the annual membership fee (which is due on 1 January each year) to maintain his/her AAT membership and PBE studentship with the HKIAAT. However, all members will be required to pay a one-off registration fee at the time they registered as PBE students. In other words, the waiver of registration fee for ATE graduates of the immediate session for registering as PBE students will be removed. The new policies will take effect from 1 January 2007.
The new fees for 2007 are as follows:
Nature of fees |
Fees (HK$) |
Remarks |
| Membership |
| Registration fee |
$500 |
|
| Annual membership fee |
$600 |
|
| |
| Professional Bridging Examination |
| One-off registration fee |
$680 |
|
| |
| Accounting Technician Examination |
| Examination registration fee |
$970 |
- Included student fee for year 2007
- For applications submitted on or after 16 November 2006
|
| Annual student fee |
$520 |
|
All ATE registered students will be automatically billed for the 2007 annual student fee in December 2006, unless they register on or after 16 November 2006.
Carry the AAT Business Bag!
A smart and professional looking business bag is available for sale at the HKIAAT reception on the 27th floor of Wu Chung House. The bag has been specially designed to be the right size for you to use to carry your texts, documents and other necessities to school or work. The listed price is HK$100: but remember that you can get a 20% discount on presentation of your member/student card! A mail order form is available at our website.
Launch of IFACnet
Our parent institute, the Hong Kong Institute of CPAs, has collaborated with accountancy organisations worldwide and the International Federation of Accountants (IFAC) to develop a global electronic knowledge resource centre for accountants.
This new global resource centre, “IFACnet.com”, is a KnowledgeNet for accountants in business providing one-stop access to leading-edge articles, good practice guidance, tools and techniques for accountants employed in commercial, industrial, educational, public and the not-for-profit sectors.
Users of IFACnet.com will find high quality, relevant information on a wide range of financial and management accounting topics, including strategy, management, budgeting and planning, corporate governance, risk management, and professional development. All information has been provided by professional accountancy bodies from around the world, particularly those that focus specifically on serving the needs of business and management accountants.
There is no charge for using IFACnet.com, although certain search results may identify documents or publications available for purchase.
IFAC is the global organisation for the accountancy profession. It works with its 163 member organisations in 120 countries to protect the public interest by encouraging high quality practices by the world's accountants. Details of IFAC and IFACnet.com can be accessed through our website.
Q&A Booklets
Questions and Answers Booklets (Q&A) for the June 2006 examinations are now ready for sale at our counter. Each copy costs HK$10.
Mail order is available. Please complete the mail order form and return it to us together with a stamped self-addressed envelope (size: 10" x 14" or larger) and a cheque for payment for the Q&A booklet charges. The form can be obtained from the HKIAAT either by fax through the hotline at 2823-0660 or download from our website
Our New Library
A new and well-equipped library is now located on the 27th floor of Wu Chung House. All registered members and students are welcome to use the reading and computer facilities for research and study.
As it is now a reference library, books will not be loaned out, but will be available for use at the library.
Library opening hours:
| Mon – Fri : |
9:00 am to 7:00 pm |
| Sat : |
9:00 am to 12:00 noon |
We've moved
We have been relocated to our new office at Wu Chung House as from 18 September 2006. The new space accommodates many great facilities such as a lecture theatre for seminars and a well-equipped library for research and study.
The relocation brings us close to our parent institute, the Hong Kong Institute of CPAs, further strengthening our bond as one big family dedicated to the accounting profession. With better resources and facilities, we will continue our pledge to provide premier services for our members and students.
Our new address:
27/F., Wu Chung House
213 Queen's Road East
Wanchai, Hong Kong
Tel: (852) 2823 0600
Fax: (852) 2823 0606
Hotline: (852) 2823 0660
E-mail: hkiaat@hkiaat.org
Web: http://www.hkiaat.org
Discount from Bloomsbury Books Ltd
We are pleased to announce that Bloomsbury Books Ltd is offering a 15% discount on business books (except special priced items) and 20% discount on Kaplan Professional Bridging Examination study manuals to our members and students.
The offer will begin on 1 September 2006. Remember to bring your membership card or student registration card to enjoy the offer.
New Financial Reporting Study Manual
In view of the many recent changes to the Hong Kong Financial Reporting Standards (HKFRS), we have published another study manual for students taking Paper I – Financial Reporting in the Professional Bridging Examination. Features of the book include:
- Ample references and explanatory notes to the accounting standards issued by the Hong Kong Institute of CPAs to illustrate accounting theory and practice in Hong Kong.
- Supplemented by an excellent range of review questions with suggested solutions to enhance students’ understanding of the subject matter.
The manual comes in two volumes. The listed price is HK$380 for one volume and HK$700 for both. HKIAAT registered members / students who purchase the study manuals from the Secretariat will continue to enjoy a 20% discount (note that proof of member/student identity is required).
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Links to HKICPA PRC related issues
Good News !
HKICPA members' rate is now extended to HKIAAT members and students enrolled in HKICPA training activities !
You are welcome to click on the following links to read PRC related articles and to join PRC training activities offered by HKICPA :
PRC Related Information
Link
全國會計專業技術資格考試
(Accounting Professional Technician Qualification Examination) |
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Tune in for HKIAAT!
Tune in Metro Radio FM99.7 every Thursday in April, June and July at 9:30am for a 13-serial programme “增值青雲路”, featuring topics relating to HKIAAT and the accounting technicians profession in Hong Kong. If you've missed the chance to listen to the live broadcast, you can click to the link(s) below for recorded version:
| Programme |
Broadcasting date |
Contents |
Speaker |
1 |
6 April 2006
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The accounting profession, our new branding and our development history |
Mr. Dennis Chung, HKIAAT Immediate Past President
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2 |
13 April 2006
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The role, job nature and career prospects of being an Accredited Accounting Technician (AAT) |
Mr. Kennedy Tat-yin Liu, HKIAAT Vice-President |
3 |
20 April 2006
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How to become an AAT?
- Our examination structure
- Multiple entries and mulitple exits
- Recognition by employers, professional bodies and educational institutions
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Dr. Joseph S. W. Yau, HKIAAT Past Board Member |
4 |
27 April 2006
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Who can become an AAT?
- The attributes of an AAT - academic, skills, core competencies and ethical
- The importance of Continuing Professional Development of AAT – needs, importance and nature
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Dr. Eric Li, Senior Partner, Li, Tang & Chen CPA |
5 |
1 June 2006
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The AAT qualification
- Structure of Accounting Technician Examination
- Learning Support
- Artculation to higher education
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Dr. Stella Cho,
HKIAAT Board Member and Associate Professor, Hong Kong Polytechnic University (School of Accounting and Finance) |
6 |
8 June 2006
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AAT Membership
- Our membership structure
- Entry requirements and recognition
- RMA with UKAAT
- Continuing Professional Development
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Mr. Joseph Y. K. Yau, HKIAAT Past President and Managing Partner, C. K. Yau & Co |
7 |
15 June 2006
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Member and student services
- Learning support from HKIAAT
- Activities
- Benefits and services
|
Mrs. Margaret W. Lam, HKIAAT former Secretary General |
8 |
22 June 2006
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China market
- An overiew of the China market for accounting professionals
- The accounting examination system in China
- Matters to be noted when working in China
- HKIAAT's future plan in opening up the China market
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Mr. James Kong, HKIAAT Vice-President |
9 |
29 June 2006
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Employer's sharing
- How Accredited Accounting Technicians can assist a company in its business
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Ms. Lindy Yau, HKIAAT Board Member and Senior Partner, C.K. Yau & Co |
10 |
6 July 2006
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Member's sharing
- How the AAT qualification assist in career development
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Mr. Dennis Mak, HKIAAT Fellow Member and General Manager of a securities company |
11 |
13 July 2006
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Graduate's sharing
- Tips on preparing the examination
|
Mr. Thomas Chung, HKIAAT graduate |
12 |
20 July 2006
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- Future development of HKIAAT
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Mr. James Kong, HKIAAT Vice-President |
13 |
27 July 2006
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Mr. James Kong, HKIAAT Vice-President |
Link
全國會計從業資格考試
(Accounting Qualification Certificate Examination) |
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Updated Auditing Study Text
The Auditing (2006 edition) study text will be ready for sale by 14 July 2006. The listed price is HK$210. Features of the book include:
- Practical and up-to-date
- References and explanatory notes are made to the Auditing Standards issued by the Hong Kong Institute of CPAs to illustrate the theory and practice of auditing in Hong Kong
- Supplemented by review questions and multiple-choice questions with suggested solutions to enhance students' understanding
HKIAAT registered members/students who purchase the study texts at the Secretariat will continue to enjoy a 20% discount. Proof of member/student identity is required in order to obtain the special discount.
Welcome to the Members' Zone
Welcome to the Members' Zone. This zone is solely designed for you as our registered members where you'll find useful information and news about our membership.
For security reasons, this area is protected by a designated password which will be updated from time to time. You will be informed of the new password via email. Please do not disclose it to any third party for the sake of keeping the privacy of this area.
New Secretary General
With effect from 3rd July, Ms Grace Leung will assume the position of Secretary General of the Hong Kong Institute of Accredited Accounting Technicians Ltd (HKIAAT). As part of the staff job rotation, Mrs Margaret Lam, the outgoing Secretary General will be transferred to the Members Services Department of the Hong Kong Institute of Certified Public Accountants (HKICPA) to assume new duties. While Mrs Lam is sad to leave her present position particularly after building a good rapport with members, students, staff and other HKIAAT stakeholders, she welcomes the new challenges ahead of her in supporting services offered to HKICPA members.
Ms Leung has extensive management and administrative experience, including more than eight years' experience in the HKICPA as the Assistant Director of the Members Services Department and the Education and Training Department. She will help in the development of the HKIAAT qualification framework.
We wish them every success in their new assignments.
Employment Placement Service
Are you a member looking for a new job or an employer seeking to recruit experienced and competent staff with AAT qualification? In order to facilitate the recruitment of our members by those seeking accredited accounting technicians in assisting their business, we have set up a free placement service in which vacancies are advertised to our members both at our offices and on our website. Whether you are looking for a job or recruiting, this service provides an easy "one-stop" platform for you!
Survey on the demand of taking the Accounting Qualification Certificate Examination in Hong Kong
We are now conducting a survey on the demand of taking the Accounting Qualification Certificate Examination ( 全國會計從業資格考試 ) in Hong Kong. This certificate , also known as the " Accounting Work Permit " ( " 上崗證 " ), is a basic requirement for all bookkeeping and accounting related jobs in any Mainland enterprise. Please click here for more details of the survey and assist us in our future planning. Thank you.
Re-schedule of the Paper 8 examination
Due to the hoisting of the BLACK Rainstorm Warning Signal on 9 June 2006 (Fri), the examiantion for Paper 8 (Auditing) was cancelled and it is now re-scheduled for:
Date: 17 June 2006 (Saturday)
Time: 9:30 am to 12:30 pm
Examination Centre and Seat Number: Remain Unchanged
The Hong Kong Examinations and Assessment Authority (HKEAA) has sent out notification to individual candidates.
You are reminded to bring the following documents to the examination:-
1. HKEAA's letter
2. the ORIGINAL Examination Attendance Docket
3. your HKIAAT Student Card
4. your HKID Card.
Wishing you best of luck for your examination!
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