Faculty of Business

 The Faculty of Business is the amalgamation of three subjects, one in junior forms: Business Foundation, and two in senior forms: Business, Accounting & Financial Studies (BAFS) and Economics. Our mission is to offer education in Business based on comprehensive, theoretical, methodological and practical knowledge – which develops our students’ understanding the world in which they are living and enables them to experience what ‘adults’ are actually doing in the commercial world.

BAFS is composed of two modules: Accounting and Business Management. They have a common foundation on the understanding of the essential business areas (business environment, accounting, management and personal finance) and their interrelationships emphasizing different roles such as consumers, employees, entrepreneurs and investors. Afterwards, students of two different modules will have their selected focus on either Accounting or Business Management.

In Economics, our aim is to develop students’ analytical mindset to under- stand the important economic forces with which they will come into contact as producers and consumers. We also develop students’ awareness of some major issues about economic policy in the local and international economies. During lessons, we always make use of the current news to discuss what we have learnt and try to apply our knowledge to analyse the phenomena observed.

Business Foundation is specially designed for our S.3 students. The subject provides a general knowledge of Economics and Business for both DSE and IAL. The aim is to allow them to have a better understanding of these subjects before they choose elective subjects in senior form and seek their future career path.

 

Curriculum Organization

Level

Organization

Junior Secondary

Business Foundation is offered as three session-courses (Business Management, Principles of Accounting and Economics) in S.3 only

Senior Secondary

BAFS(A), BAFS(B) and Economics are offered as Electives of HKDSE, while Business and Economics are offered as IAL electives.

Aims and Objectives

  1. To provide basic and relevant accounting, finance and economics education, and to develop students’ analytical and critical understanding of the business bodies.
  2. To enhance students’ understanding of the interdependence of business activities.
  3. To develop students’ ability to communicate through the effective use of business terminology and data.
  4. To address significant global and regional issues so as to cultivate the principles of ethics and social responsibility.
  5. To attract bright, intellectually curious and motivated students.
  6. To facilitate students’ learning experience by maintaining and expanding a network of distinctive academic and business partners.

Special Features

First-hand experience

We encourage our students go out of the classrooms and try things that they may not be able to experience in the lessons. Every year, we encourage students to run their own business in the Business Bazaar that is collaborated by the Business Faculty, the UCCKE Open Day and the Company Program organized by JAHK respectively. These provide wonderful opportunities for students to put theories into practice. For example, they will learn how to perform marketing research to decide what they should produce and how to launch their product. Throughout the whole process, they may experience difficulties. Nevertheless, we allow students to develop not only the breadth of knowledge but also the depth of knowledge and necessary skills for a successful professional in the business field.

Understanding our country and real world

Students will learn more about our country through visits and co-curricular activities. Students are required to related their knowledge to the real world. Curriculums are designed in a way that current global and regional issues will be discussed.

Links with industry leaders

We provide different kinds of company visits and arrange workshops delivered by experts from different business areas.

Professional partners

Working closely with Life Planning Committee, we regularly invite professionals of different careers to provide introductory sessions for students with a better understanding of the commercial world.

Business Foundation (S.3 only)

 

Aims and Objectives

Business Foundation provides a general knowledge of the three business subjects: Principles of Accounts, Business Management and Economics that will be offered in senior forms. The Curriculum of the Business Foundation focuses on the development and promotion of the technical skills that are required in these subjects. It tries to prepare students and to provide them with a better understanding of the subjects.

 

Teaching Scheme

Part I: Business Management

Section

Teaching Main Points

Introduction to Marketing Management

·    Management Functions

·    SWOT analysis

·    Consumer behaviour

·    Price & Place Strategy

·    Promotion Strategy

Part II: Principles of Accounting

Section

Teaching Main Points

What is Accounting?

·    Introduction to Accounting

a.    Assets

b.   Liabilities

c.    Capital

Accounting equation

·    The accounting equation:

–       Assets + Expenses = Liabilities + Capital + Income

Double entry system

·    Concept of double entry

·    T-account and practice

Part III: Economics

Section

Teaching Main Points

Introduction to Microeconomics

·    Scarcity

·    Opportunity Cost

·    Basic economic problems

Introduction to Macroeconomics

·    Inflation

·    Unemployment

 

Assessment Components

  1. Quiz and Examination
  2. Homework
  3. Presentations
  4. Class performance