HKICPA QP Module 1 Accounting
HKICPA Qualification Programme (QP) Module 1 Accounting
More study resources
Cheat sheet
Keep the key ideas within reach.
ExploreKey terms
Get comfortable with the vocabulary.
ExploreStudy plan
Give each week a clear focus.
ExploreCommon mistakes
Understand the traps and how to avoid them.
ExploreCase studies
Put your knowledge to work in context.
ExploreExam-day guide
Prepare for the day ahead.
ExploreAbout this exam
The HKICPA Qualification Programme (QP) is the Institute's professional accountancy education pathway, and Module 1 Accounting is the accounting module within it. The Institute's own navigation presents the QP as a structured programme with defined stages: a pre-entry education requirement, professional accountancy education, a Revised Practical Experience Framework, application and registration, a timetable, a fee schedule, programme accreditation, a position paper, the Capstone, and support for registered students. The QP is aimed at people preparing to become Hong Kong CPAs - typically graduates entering the profession through the Institute's student route rather than through another body's qualification. The Institute also runs a separate Certificate in Accounting and Business (CAB) for those starting earlier, and a QP Affiliate Club and student support pages alongside the main programme. Because the Institute describes the QP as a "new Qualification Programme" and refers to a Revised Practical Experience Framework, candidates should treat the QP section pages - About the QP, Application and registration, Timetable, Fee schedule and FAQ - as the authoritative place to confirm current structure and requirements before planning. Preparation should centre on the Institute's own published materials: the QP learning resources, examination support pages, and the Members' Handbook volumes for Financial Reporting Standards, which set the accounting framework the module is examined against. Note that this page is independent study material and is not affiliated with or endorsed by the Institute.
What you'll study
About HKICPA QP Module 1 Accounting preparation
Is Module 1 Accounting the same as the whole QP?
No. The Institute's QP navigation lists Accounting as one module among a wider structure that also includes pre-entry education, professional accountancy education, a Revised Practical Experience Framework, the Capstone and practical experience requirements. Treat Module 1 as one component of the programme, not the qualification itself.
How many questions are on the Module 1 exam and how long is it?
This cannot be confirmed from the Institute's public pages. The QP section lists a Timetable page but does not display its contents publicly, so question counts, duration and sitting dates must be checked on the QP Timetable page and the QP FAQ after you register or log in as a student.
What is the pass mark for Module 1?
Not stated on the Institute's public pages. The QP Fee schedule and Timetable pages are listed but their contents are not displayed in the public navigation. Confirm the pass mark, any component weighting and the results-release arrangements through the QP FAQ or by contacting the Institute's QP enquiry channel directly.
How much does it cost and what is the retake policy?
Fees and retake rules are not published in the material available here. The Institute maintains a QP Fee schedule page; that page, together with the Application and registration page, is where module fees, registration fees and any re-sit charges are set out. Verify before budgeting, since fee schedules are revised periodically.
Which accounting framework is examined?
The Institute publishes Hong Kong Financial Reporting Standards in Volume II of the Members' Handbook, described as "Financial Reporting Standards". That is the reporting framework the Hong Kong profession works within, so build your technical study around HKFRS and the Institute's own standard-setting updates, including new and major standards announcements.
I am not yet eligible for the QP. What should I do first?
Look at the Certificate in Accounting and Business (CAB). The Institute presents CAB with its own pages covering why to choose it, its structure, how to start and how to apply, and describes it as an entry route under "Become a Hong Kong CPA". It sits alongside, not inside, the QP.
What study resources does the Institute actually provide?
The QP navigation includes a QP Learning Centre, QP Student support and benefits, QP Examination Support, and Publications for sales (New QP). There are also QP workshop facilitator and marker roles, which indicates workshop-based learning. Start with the Learning Centre and Examination Support pages rather than third-party summaries.
Is the exam paper-based or computer-based?
The Institute has announced a collaboration with the HKEAA to introduce computer-based examinations for the Qualification Programme. The announcement appears in the Institute's news list, but the implementation timetable is not stated in the public text, so confirm the mode for your intended sitting on the QP Timetable page.
What is the most common way candidates lose marks?
Typically by studying standards in isolation rather than applying them. Use the Institute's examination support material and past-style practice to rehearse applying HKFRS to transactions and to presenting computations clearly. Also check the QP FAQ for guidance on permitted materials and exam conduct before your sitting.
Where do I confirm anything that looks out of date?
Go to the QP section of the Institute's website: About the QP, Pre-entry education, Professional accountancy education, Revised Practical Experience Framework, Application and registration, Timetable, Fee schedule, Programme accreditation, Position Paper, QP graduate, Complaints, FAQ and Enquiries. Those pages, not this independent guide, are authoritative.