Programme Aims and Objectives

The MScPACG programme aims to provide an active learning environment to develop students for leadership positions in the professional accounting and corporate governance area in Hong Kong and the Greater China region.

Entrance Requirements

For Professional Accounting Stream, applicants must:

  • hold a non-accounting degree from a recognised university;
  • hold an equivalent qualification acceptable to CityU.

For Corporate Governance Stream, applicants must:

  • hold a degree from recognised universities or professional membership from recognized institutions; or
  • hold an equivalent qualification acceptable to CityU.

Applicants whose entrance qualification is obtained from an institution where the medium of instruction is NOT English should also fulfill the following minimum English proficiency requirement:

  • a score of 59 (revised paper-delivered test)^ or 79 (Internet-based test) on the Test of English as a Foreign Language (TOEFL)@#; or
  • an overall band score of 6.5 in International English Language Testing System (IELTS)@; or
  • a score 450 in band 6 in the Chinese mainland’s College English Test; or
  • other equivalent qualifications.

^ Effective from 11 April 2021, the TOEFL revised paper-delivered test is no longer offered.

@TOEFL and IELTS scores are considered valid for two years. Applicants are required to provide their English test results obtained within the two years preceding the commencement of the University's application period. 

# Applicants are required to arrange with the Educational Testing Service (ETS) to send their TOEFL results directly to the University. The TOEFL institution code for CityU is 3401.

In view of the recent development of COVID-19, ‘TOEFL iBT Home Edition’ and ‘IELTS Indicator’, as indicated below, are accepted as equivalent qualifications for the fulfillment of the University’s minimum English proficiency requirement for admission to TPg programmes until further notice:

  • TOEFL iBT Home Edition: a score of 79; or
  • IELTS Indicator: an overall band score of 6.5

Fellowships Scheme

Fellowship awards are available for local students admitted to this programme under the Fellowships Scheme supported by the HKSAR Government. This programme in the priority area of “Business” is one of the targeted programmes listed under the Fellowships Scheme with 8 fellowship awards. Local students admitted to the programme in full-time, part-time or combined study mode may be invited to submit applications for the fellowships. 

Course Description

1. Programme Core Courses (12 credit units)

  • Accounting Information Systems
  • Advanced Taxation
  • Corporate Governance
  • Law Relating to Business and Companies

2. Stream Core Courses (18 credit units)

Participants can choose one of the following two streams:

a) Professional Accounting Stream

  • Auditing
  • Corporate Accounting
  • Cost and Management Accounting
  • Financial and Management Accounting
  • Financial Management
  • Financial Reporting

b) Corporate Governance Stream

  • Boardroom Dynamics
  • Companies and Securities Regulations and Practice
  • Corporate Finance and Policies
  • Corporate Financial Reporting
  • Risk Management
  • Strategic Management and Business Policy

3. Stream Electives (Optional)

a) Professional Accounting Stream

  • Boardroom Dynamics
  • Business Economics and Statistics for Accountants
  • Business Management for Accountants
  • Companies and Securities Regulations and Practice
  • Professional Internship
  • Risk Management
  • Strategic Management and Business Policy

b) Corporate Governance Stream

  • Auditing
  • Business Economics and Statistics for Accountants
  • Business Management for Accountants
  • Cost and Management Accounting
  • Professional Internship

Note: The course list and curriculum are subject to change and periodic review. 

Professional Accreditation

Hong Kong Institute of Certified Public Accountants (HKICPA)

This programme is an accredited programme by the HKICPA.  Professional Accounting Stream graduates are required to pass the subjects as indicated in the approved curriculum (refer to the website at in order to qualify for exemption of the relevant Associate Modules of the new Qualification Programme (QP).

Only those students who have studied and passed in the subjects with substantial coverage relevant to Modules of the Associate Level of the new QP and completed the academic qualification(s) within the last five years are eligible for exemption of the Modules concerned*. The final decision rests with the HKICPA.

To learn more about the new QP and the module syllabuses (for self-assessment), you may refer to the HKICPA’s website (link appended below):

*The exemption is subject to fulfilling the requirements of HKICPA.


The Hong Kong Chartered Governance Institute (HKCGI) and The Chartered Governance Institute (CGI)

Corporate Governance Stream graduates may enjoy full exemption from the professional examinations of HKCGI and CGI**.

**The full exemption is subject to fulfilling the requirements of HKCGI.


Other Accreditations

This programme is also accredited by other professional institutions and the exemption list is subject to periodic review.  For details, please refer to our website at:



Subject to funding and annual approval, admitted applicants are automatically considered for two types of scholarships (hence, no separate application is necessary):

  • AC Entrance Scholarships
  • AC Academic Excellence Scholarships

For details, please visit AC website at under Programmes & Courses.

Admission Code P10
MSc Professional Accounting and Corporate Governance
Mode of study
tuition fee
Year of entry
Mode of funding
Intake target
Credit requirement
Class schedule
Professional Accounting Stream (PA Stream†): Weekday daytime and evenings and/or Saturday daytime; Corporate Governance Stream (CG Stream†): Weekday evenings and Saturday afternoons. Evening classes normally start at 7:00pm with a duration of 3 hours.
Normal study period
Full-time: 1 year (PA Stream†)
Part-time: 2 years (PA Stream† & CG Stream†)
Max study period
Full-time: 2.5 years;
Part-time/Combined mode: 5 years
Mode of processing
Applications are processed on a rolling basis. Review of applications will start before the deadline and continue until all places are filled. Early applications are therefore strongly encouraged.
Level of study
Taught Postgraduate
Programme Leader
Dr Zheng WANG
+852 3442 5204
General Enquiries
AC General Office