Associate Level
The Associate Level comprises ten modules. It aims to provide students with a foundation of core technical knowledge and application skills for routine professional problems in the areas of accountancy, finance, management accounting, law and auditing to enable their progression to the Professional Level. The ten modules are, namely:
Module Exemptions
Subject to the academic qualification(s) possessed by the applicant, a maximum of 10 modules at the Associate Level can be granted. For details, please click here.
Module Examinations
100% multiple choice question (“MCQ”) examinations are adopted for Modules 1, 3 and 5 effective from the December 2023 session, and for Modules 2 and 4 effective from the June 2024 session. The examination format of the 10 modules of the Associate Level are as follows:
|
Module |
Examination Duration |
Question Type |
Open or closed book |
|
|
1 |
Accounting |
1 hour and 45 minutes |
100% MCQs |
Closed-book |
|
2 |
Management Accounting |
1 hour and 45 minutes |
100% MCQs |
Closed-book |
|
3 |
Business Economics |
1 hour and 45 minutes |
100% MCQs |
Closed-book |
|
4 |
Business Management |
1 hour and 45 minutes |
100% MCQs |
Closed-book |
|
5 |
Information Management |
1 hour and 45 minutes |
100% MCQs |
Closed-book |
|
6 |
Financial Accounting |
3 hours |
Written questions (80%) and MCQs (20%) |
Closed-book |
|
7 |
Financial Management |
3 hours |
Written questions (80%) and MCQs (20%) |
Closed-book |
|
8 |
Principles of Auditing |
3 hours |
Written questions (80%) and MCQs (20%) |
Closed-book |
|
9 |
Principles of Taxation |
3 hours |
Written questions (80%) and MCQs (20%) |
Closed-book |
|
10 |
Business and Company Law |
3 hours |
100% written questions |
Open-book |
Please click here for FAQs, sample questions, CBE Practice Platform and tips for answering MCQs regarding the 100% MCQ examinations of Modules 1 to 5.
Completion of Associate Level
Upon successful completion of the Associate Level by exemption or examination, or a combination of both, students are entitled to the exit qualification of "HKICPA Associate Qualification". In addition, students are now able to advance to the Professional Level of QP.
Modules Syllabuses
For each module, there is a hierarchy of learning outcomes. Each syllabus topic area contains high-level learning outcome supported by detailed learning outcomes. There is progression in the level of learning outcomes required as students move through the professional program.
The module syllabus will be subject to a frequent review on an annual basis in order to keep pace with the latest changes in technology and business.
