CITY Polytechnic Hong Kong (CPHK) is proud of the strong ties it has with local business.
Good relations with leaders in financial, industrial and engineering sectors meant job prospects for graduates, and helped the institute run smoothly, James Ng Kam-ming, the head of CPHK's Finance Office, said.
The office, which manages financial and contractual affairs, has worked with certified public accountants Peat Marwick (KPMG) for 10 years.
Together, the polytechnic and Peat Marwick have won awards for the institute's annual reports and 'ironed out bugs' in a computerised financial system designed on campus.
'KPMG has been giving professional advice and employing our graduates since we started working together,' Mr Ng said.
'We developed a high-quality computerised accounting system and they gave us advice [on how] to improve the internal control section.' The financial system is now being used by other institutes, including Ling Nam College, the Vocational Training Council and the Open Learning Institute.
'We are also finalising a deal with Baptist College and talking to the Institute of Education to see if they would like to use the system,' Mr Ng said.
Although the Finance Office had humble beginnings and did not have a computer when the institute was run from a single floor in Mongkok's Argyle Centre, it had grown with the polytechnic, he said.
Mr Ng said the office's role was not confined to methodical accounting procedures; it ran six campus restaurants with seating for 2,000.
It also has played a major part in developing five polytechnic companies - CPHK Consultants, Citylawtech Consultants, Medical Technology Development Centre, a pharmaceutical research company and Asia Pacific Social Development Research Centre.
But working with Peat Marwick was not a 'one-way street', KPMG partner John Lancaster said.
'We recruit up to 40 accounting graduates a year from the polytechnic, which is about 25 per cent of our annual intake.