Total English Chinese

Accounting 6479 4285 2194

Business Management 2562 672 1890

Number of candidate

(Sat)

9041 4957 4084

Separate Grading and Reporting since 2015

Standards-Referenced Reporting (SRR)

Determine the cut scores for L1 to L5 by the expert

panel, with reference to

✓ Level descriptors

✓ Past years statistics

✓ Live scripts

✓ Library scripts

✓ Group Ability Index (separate GAIs for the two

groups)

Level 5** : Level 5* :

Top 10% of Level 5 Next top 30% of Level 5

Whole group % 2020 2021

L5** 1.4% 1.5%

L5* or above 5.8% 6.3%

L5 or above 14.4% 14.9%

L4 or above 43.7% 45.2%

L3 or above 70.0% 70.6%

L2 or above 91.0% 91.2%

L1 or above 98.0% 98.0%

Accounting Module

Whole group % 2020 2021

L5** 0.8% 0.7%

L5* or above 2.9% 2.7%

L5 or above 7.2% 7.0%

L4 or above 29.2% 29.7%

L3 or above 58.2% 58.5%

L2 or above 86.5% 88.0%

L1 or above 96.4% 97.3%

Business Management Module

Mean SD

Accounting 53% 16%

Business Management 45% 16%

• Mean mark of MCQ: 32 out of 60

Mean SD

Accounting 42% 23%

Business Management 33% 18%

Mean SD

Accounting 47% 19%

Business Management 38% 16%

9

Paper 1: No change

Paper 2A and 2B:Same as 2021 HKDSE

Major updates of HKFRS 15 Revenue from contracts

with customers, on 1 September 2018, which may

affect the accounting treatments of sales,

discounts, returns, etc.

SME-FRS (Revised February 2019): Existing

accounting treatments dealing with sales,

discounts, returns, etc. are still applicable

The existing accounting practices will be

followed in the 2021 and 2022 HKDSE

BAFS Exam and onwards.

Starting from HKDSE 2025, only accept the

‘Allowance method - 2nd approach’ for the

treatment of allowance for doubtful accounts,

bad debts and bad debts recovery.

PDPs and other learning and teaching resources

may be provided by CDI on a need basis.

Remark: the ‘existing approach’ of allowance

for doubtful accounts will still be accepted in

HKDSE 2021 - 2024.

Vertical form is preferred

Please refer to the HKDSE BAFS Question

Papers Booklets

In the PowerPoint slides, the marking notes of

each question is presented.

The marking notes show the consensuses of the

marking criteria of that particular question made

in the Markers’ Meeting.

→Marking criteria are set based on the assessment

objectives of that question, so it may not be the

same every year.

→ It may not exhaust all possible answers for each

question. Teachers should exercise their

professional discretion and judgment in accepting

alternative answers that are not in the marking

scheme/marking notes, but are correct and well-

reasoned.

The Refined BAFS Curriculum & Assessment Framework⚫ Curriculum related documents

⚫ Learning and teaching resource materials

EDB web site BAFS Learning and

Teaching Resources

Platform*

BAFS Curriculum and Assessment Guide

Business, Accounting and Financial Studies (S4-6) (with effect

from S4 in 2022/23 school year, leading to the 2025 HKDSE

examination and onwards) 2007 (with updates in October 2020)

https://www.edb.gov.hk/en/curr

iculum-

development/kla/technology-

edu/curriculum-doc/index.html

https://cd1.edb.hkedcity.net

/cd/te/bafs_platform/en/ref

erence-documents-sec.html

Supplementary Notes

Business, Accounting and Financial Studies

Curriculum Supplementary Notes (to be

implemented at S4 in 2022/23 school year

leading to the 2025 HKDSE examination and

onwards)

Accounting

Strand

https://www.edb.gov.hk/en/curr

iculum-

development/kla/technology-

edu/resources/index.html

https://cd1.edb.hkedcity.net

/cd/te/bafs_platform/en/ref

erence-documents.html

Business

Management

Strand

Glossary (with updates in 2021) https://www.edb.gov.hk/attach

ment/tc/curriculum-

development/kla/technology-

edu/resources/BAFS%20glossa

ry_July%202021.pdf

https://cd1.edb.hkedcity.net

/cd/te/bafs_platform/en/ref

erence-resources.html

Learning and Teaching Resource Materials https://www.edb.gov.hk/en/curr

iculum-

development/kla/technology-

edu/resources/business-

edu/resources.html

https://cd1.edb.hkedcity.net

/cd/te/bafs_platform/en/lear

ning-teaching.html

* Home page: https://cd1.edb.hkedcity.net/cd/te/bafs_platform/en/index.html

Assessment Tasks Reference

(including multiple choice questions, short questions, structural questions, long questions, etc.)

EDB One-stop Portal - https://minisite.proj.hkedcity.net/edbosp-te/eng/home.html

Contact:

Ms Sue So (Manager - BAFS, HKEAA)

Tel: 3628 8070