Executive Certificate in Data-Driven Predictive Analytics - Application for Accounting and Auditing - HKU SPACE: Accounting, Risk Management courses
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Accounting & FinanceAccounting

Executive Certificate in Data-Driven Predictive Analytics - Application for Accounting and Auditing

Course Code
Application Code
Study mode
Start Date
To be advised
Next intake(s)
Jan 2021, July 2021
3 months to 4 months
Course Fee
HK$7000 per programme
One Step Ahead will make a huge difference to your career and your company performance! That's the merit of Predictive Analytics!

The programme aims to provide students with knowledge and fundamental techniques used for predictive analytics. Upon completion of the programme, they would be able to use the tools and software; and apply the modelling techniques to make informed decisions faster than your counterpart.

Predictive analytics is a technique that leverages all related influencers, interactions and activities to generate statistics that predict future outcomes and would help us to understand how the market will evolve and trends to shape up across all sectors. Now the time for this technology has come. More and more organizations are turning to predictive analytics to increase their bottom line and competitive advantage.

Predictive analytics is one of the important techniques for data analytics. Predictive analytics allows accountants and auditors to perform a forward-looking assessment, identify organizations’ emerging risks, as well as combat fraud. For example, DBS audit department is using predictive analysis to assess the audit needs of each branch(1). Predictive analytics has been used in combating fraud in the healthcare industry(2). HSBC is going to use machine learning to identify AML related issues(3).


(1) How DBS transformed into a data-driven organisation (https://www.opengovasia.com/how-dbs-transformed-into-a-data-driven-organisation/)

(2) Combating fraud in healthcare with predictive analytics (https://ehealth.eletsonline.com/2019/05/combating-fraud-in-healthcare-with-predictive-analytics/)

(3) HSBC set to launch cloud-based AML system next year, says senior official (https://www.reuters.com/article/bc-finreg-hsbc-data-cloud-aml/hsbc-set-to-launch-cloud-based-aml-system-next-year-says-senior-official-idUSKCN1NX1KU)

With more and more companies using predictive analytics, demand for expertise will increase.


The Executive Certificate will teach the fundamental techniques used such as regression, classification, clustering, optimization, and simulation. Beginning with basic models for revealing and establishing relationships, students will learn to apply increasingly sophisticated modeling techniques for practical predictive analysis,  for solving typical business problems.


Tutor Profile


Mr. Yiu now heads up the Group Audit of an international bank.  He was Associate Director of one of the Big-4 firms and is currently working for an internal audit function of a leading bank in Hong Kong. He has extensive external and internal audit experience and served as a lecturer of various academic programmes and professional courses in the past 7 years.


Ms. Sarah So (MStat(HKU), BSc(CUHK), Graduate Diploma(HKSS))

Ms. So has extensive experience of performing her data analytics role in various industries, ranging from market research, official statistics to policy research. Recent years, she has focused on integrating data analytics into internal audit function of leading banks in Hong Kong. She has strong quantitative skills and good knowledge of nowadays popular analytics tools.

Application Code 1835-EP150A Apply Online Now
Apply Online Now


1. Introduction:

  • Forecasting techniques
  • Exponential smoothing and moving averages
  • Statistical packages using Excel
  • Advanced analytical tools including R Studio and Python

2. Visualized Analytics – (Demonstration using Tableau) 

  • Basic operations
  • Geographic visualization
  • Trend analysis
  • Multi-dimensional analysis with trends

3. Finding relationships in financial data

  • Data analysis and visualization (Demonstration using Excel and R Studio)
  • Bivariate and multivariate linear regression analysis
  • Confidence level

4. Audit Command Languages (ACL)

  • Ageing analysis
  • Testing of Account Receivables and Payables
  • Audit sampling

5. Predictive analytic techniques – (Demonstration using R Studio, Python and Jupyter Notebook)

  • KNN Classification / Clustering
  • Decision tree
  • Revenue and cost analysis

6. Building machine learning project using IBM Watson 

  • Introduction to IBM Cloud and Watson Studio
  • Developing a project using IBM Watson
  • Financial planning
  • Tax computation and analysis

The programme consists of 30- hour consisting of 21 hours of lectures and 9 hours computer workshops

*There will be an in-class exercise of one-hour MCQ and an individual assignment of a case study of 1,000 words.

                               Executive Certificate in Data-Driven Predictive Analytics –

                                                   Application for Accounting and Auditing

                                                               2019/2020 – July Term

                                                                      Lecture Schedule

                                                                                                                           Tutor: Ms Sarah So, Mr. Gary Yiu









2:00 – 5:00 pm





2:00 – 5:00 pm





2:00 – 5:00 pm





2:00 – 5:00 pm





2:00 – 5:00 pm





2:00 – 5:00 pm





2:00 – 5:00 pm





2:00 – 5:00 pm





2:00 – 5:00 pm





2:00 – 5:00 pm


Class venue: Kowloon East Campus

*The venue, time and date arrangements are subject to final confirmation. HKU SPACE reserves the right to make changes.


Applicants shall hold:

(i)    a bachelor’s degree awarded by a recognized university or equivalent; or

(ii)       an Associate Degree / a Higher Diploma or equivalent, and have at least 2 years of work experience.


Applicants with other qualifications and substantial senior level work experience will be considered on individual merit.

Application Fee

HK$150 (Non-refundable)

Course Fee
  • Course Fee : HK$7000 per programme
  • Early Bird Rate : HK$6300 per programme (Enrol course on or before 5 July 2020)
  • Alumni Rate : HK$6300 per programme

Online Application Apply Now

Application FormDownload Application Form
Application Form

Enrolment Method

HKU SPACE provides 24-hour online application and payment service for students to make enrolment for most open admission courses (courses enrolled on first come, first served basis) and selected award-bearing programmes via the Internet.  Applicants may settle the payment by using either PPS, VISA or Mastercard online.

  1. Complete the online application form

    Applicant may click the icon Apply Now on the top right hand corner of the programme/course webpage to make online application, and then follow the instructions to fill in the online application form.

    Some programmes/courses may be admitted by selection, and may require applicants to provide electronic copy of any required documents (e.g. proof of qualification) as indicated on the programme/course webpage.  Only file format in doc, docx, jpg and pdf are supported. 

  2. Make Online Payment

    Pay the programme/course fees by either using:

    PPS via Internet - You will need a PPS account and a PPS Internet password. For information on how to open a PPS account and how to set up a PPS Internet password, please visit http://www.ppshk.com.

    Credit Card Online Payment - Course fees can be paid by VISA or Mastercard including the “HKU SPACE Mastercard”.

To know more about online enrolment and payment, please refer to the user guide of Online Enrolment and Payment:


In Person / Mail

For first time enrolment

Applicants must provide all the required information on the application form and any additional information as required after the intial application assessment. Otherwise the School may not be able to process the admission/enrolment further.

  1. For first come, first served short courses, complete the Application for Enrolment Form SF26 and bring or post the completed form(s), together with the appropriate application/course fee(s) and any required supporting documents to any of the HKU SPACE enrolment centres.  
  2. Award-bearing and professional courses may require other information. Forms are usually available at the enrolment centres or on request from programme staff. Bring or post the completed form(s), together with the appropriate application/course fee(s) and any required supporting documents to any of the HKU SPACE enrolment centres.

For continuing enrolment in the same course

In person or by post
  1. The standard ‘Enrolment/Payment Slip’ is designed for students of award-bearing programmes or remaining programmes in a suite of programmes requiring continuing enrolment and it applies to most programmes.
  2. Students should complete the “Enrolment/Payment Slip” which will be made available by relevant programme staff and return the slip to any HKU SPACE enrolment centre or post it to the relevant programme staff with appropriate fee payment.

If you are in doubt about the procedures, please check the individual course details, or contact our programme staff or enrolment centres. 

Please note the followings for programme/course enrollment:

  1. To make an application online, you will need a computer with connection to the Internet and a web browser with JavaScript enabled. Internet Explorer 5.01 or above is recommended for the web browser.
  2. Applicants should not leave the online application idle for more than 10 minutes.  Otherwise, applicants must restart the application process.
  3. Only S-MILES and Early Bird Discount are supported in Online Applicants (Application).  To enjoy other types of discount, please visit one of our enrolment centres.
  4. During the online application process, asynchronous application and payment submission may occur.  Successful payment may not guarantee successful application.  In case of unsuccessful submission, our programme staff will contact you shortly.
  5. Applicants are reminded that they should only apply for the same programme/course once through counter or online application.
  6. For online enrolment, payment confirmation page would be displayed after payment has been made successfully.  In addition, a confirmation email would also be sent to your email account.  You are advised to keep your payment confirmation for future enquiries.
  7. Fees paid are not refundable except as statutorily provided or under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment).
  8. If admission is by selection, the official receipt is not a guarantee that your application has been accepted.  We will inform you of the result as soon as possible after the closing date for application.  Unsuccessful applicants will be given a refund of programme/course fee if already paid.


The School provides a platform for online services for a selected range of products it offers. While every effort is made to ensure timeliness and accuracy of information contained in this website, such information and materials are provided "as is" without express or implied warranty of any kind. In particular, no warranty or assurance regarding non-infringement, security, accuracy, fitness for a purpose or freedom from computer viruses is given in connection with such information and materials.

The School (and its respective employees and subsidiaries) is not liable for any loss or damage in connection with any online payments made by you by reason of (i) any failure, delay, interruption, suspension or restriction of the transmission of any information or message from any payment gateways of the relevant banks and/or third party merchants for processing credit/debit/smart card or other payment facilitation mechanism; (ii) any negligence, mistake, error in or omission from any information or message transmitted from the said payment gateways; (iii) any breakdown, malfunction or failure of those gateways in effecting online payment service or (iv) anything arisen out of or in connection with the said payment gateways, including but not limited to unauthorised access to or alternation of the transmission of data or any unlawful act not permitted by the law.

Payment Method
1. Cash or EPS

Cash or EPS are accepted at any HKU SPACE Enrolment Centres.

2. Cheque or bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please write the programme title(s)  and the applicant’s name on the back of the cheque. You may either:

  • in person by submitting the payment, completed form(s), and required supporting documents to any of our enrolment centres; or
  • by mailing the above documents to any of our enrolment centres, specifying “Course Application” on the envelope. 
3. VISA/MasterCard

Course applicants, who are holders of HKU SPACE Mastercard, can enjoy a 10-month interest-free instalment period for courses of HK$2,000 and over. For enquiries, please contact our enrolment centres.

4. Online payment

Online payment for short courses (first come, first served) and selected award-bearing programmes is available using PPS, VISA or Mastercard. Please refer to the Online Services page on the School website.


  1. For general and short courses, applicants may be required to pay the course fee in cash or by EPS, Visa or Mastercard if the course is to start shortly.
  2. Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, cheque or online PPS will be reimbursed by a cheque; fees paid by credit card will be reimbursed to credit card account used for payment.
  3. In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme teams for details.
  4. Fees and places on courses are not transferrable. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  5. HKU SPACE will not be responsible for any loss of payment, receipt, or personal information sent by mail.
  6. For additional copies of receipts, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to ‘HKU SPACE’ to any of our enrolment centres. Such copies will normally be issued at the end of a course.
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