XN000022-1982-05-30 — Page 5

SUNDAY, MAY 30, 1982

HONG KONG STUDENT TOPS IN ACCOUNTING EXAM

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A 22-YEAR-OLD STUDENT OF LEE WAI LEE TECHNICAL INSTITUTE, MR CHENG CHUN-HUNG, HAS BEEN AWARDED FIRST PLACE IN AN INSTITUTE OF ACCOUNTING STAFF (IAS) EXAMINATION, A COMMONWEALTH ACCOUNTING EXAMINATION FOR MID-LEVEL ACCOUNTING STUDENTS.

MR JAMES H.L. KUNG, HEAD OF LEE WAI LEE'S COMMERCIAL STUDIES DEPARTMENT, SAID IN ADDITION TO MR CHENG, THREE OTHER STUDENTS FROM HIS DÉPARTMENT WERE AMONG THE TOP TEN FINISHERS OUT OF 706 SUCCESSFUL CANDIDATES FROM VARIOUS COMMONWEALTH COUNTRIES AND TERRITORIES.

THE OTHER THREE ARE TO YUM-CHUNG IN THIRD PLACE,

CHAU WAI-KWAN IN SIXTH AND LO WAI-KEUNG IN TENTH.

THE IAS PART II EXAMINATION HAS BEEN A TRADITIONAL STEPPING- STONE FOR ACCOUNTING STUDENTS TO BECOMING CHARTERED ACCOUNTANTS OR CERTIFIED PUBLIC ACCOUNTANTS.

MR CHENG, STILL A SECOND YEAR STUDENT OF COMMERCIAL STUDIES, SAYS HE WOULD LIKE TO CONTINUE HIS ACCOUNTING STUDIES AT THE POLYTECHNIC AND BECOME A CERTIFIED PUBLIC ACCOUNTANT.

THE INSTITUTE OF ACCOUNTING STAFF HAS, HOWEVER, RECENTLY BEEN

AAT) REPLACED BY THE ASSOCIATION OF ACCOUNTING TECHNICIANS WHICH WILL CONDUCT EXAMINATIONS SIMILAR TO THOSE ORGANISED PREVIOUSLY BY IAS.

+SO STARTING FROM SEPTEMBER THIS YEAR, OUR ACCOUNTING COURSES WILL BE STRUCTURED ACCORDING TO THE SYLLABUSES OF AAT, A UK- BASED PROFESSIONAL ACCOUNTING BODY WHICH WILL OFFER THREE LEVELS OF EXAMINATIONS, MR KUNG SAID.

+GRADUATES FROM THE COMMERCIAL STUDIES DEPARTMENT

THE

OF LEE WAI LEE WILL BE EXEMPTED FROM THE FIRST TWO LEVELS. AAT EXAMINATIONS, JUST LIKE ITS PREDECESSOR, ARE A RECOGNISED FORM OF ACCOUNTANCY COMPETENCY TEST, HE ADDED.