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OBJECTIVE
This foundation course is designed for all potential students who are looking to strengthen their essential knowledge in management accounting related subjects. Thereby prepare the students to progress to the Postgraduate Diploma in Financial Services and apply for relevant CIMA qualifications.
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LEARNING OUTCOME
On completion of this course, students should be able to:
- understand business processes and develop critical thinking skill in order to improve business development processes of an organization operations
- apply accounting knowledge to analyze and interpret accounting statements and information for management and decision-making
- develop essential life-long skills such as thinking, problem-solving and analytical abilities
- develop an understanding of the contemporary theories and empirical evidence concerning accounting and financial management, and an ability to evaluate them in a number of contexts - for example, accounting and society; accounting and sustainability
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Admission Requirements
The minimum entry requirement is either one of the following criteria:
- Min. age 20 years old
- Applicants completed a bachelor degree in any discipline
- Other qualifications will be evaluated on a case-by-case basis
- English language proficiency requirements for international students is applicants must have completed the G.C.E. “O” level or high school level or equivalent
Duration
12 Months (Full Time)
24 Months (Part Time)
Intakes
August
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Certificate Awarding Body |
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This foundation is awarded by Chartered Institute of Technology. |
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Name of Award |
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Foundation in Management Accounting |
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Course Structure |
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Modules |
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COMM221 Business Communication II
You will learn to thrive in today’s fast-paced business environment. In the context of solving realistic business case problems, you will learn how to deliver a wide range of business documents, e-mails, and oral presentations. In the process, you will use technology to communicate effectively, address the needs of diverse audiences, and consider the ethical implications of your communication practices.
Continuous Assessment 1 - 45%
Continuous Assessment 2 - 30%
Final Project and Presentation - 25%
Total Assessments - 100%
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AFMC215 Managerial Accounting
This module deals with the basic techniques for the identification and control of costs and cost management. It introduces the context of management accounting in commercial and public sector bodies and its wider role in society. It identifies the position of the management accountant within organizations and the role of management accountants.
Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%
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AFPA111 Principles of Accounting I
The module provides students with an understanding of the concepts and principles of maintaining financial records, the use of double-entry accounting techniques, and the preparation of basic financial statements.
Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%
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AFPA121 Principles of Accounting II
The module covers the preparation of financial statements. These statements are constructed within a conceptual and regulatory framework requiring an understanding of the various valuation alternatives, the role of legislation and of accounting standards. Being able to apply accounting techniques and systems enables the preparation of accounts for different types of operations and for specific transactions. There is an introduction to measuring financial performance with the calculation of basic ratios. The need to understand and apply necessary controls for accounting systems, looking at internal control and the nature of errors and fraud, is also covered.
Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%
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FSMH122 Business Statistics
This module primarily deals with the tools and techniques to understand the mathematics associated with managing business operations. Probability and risk play an important role in developing business strategy. Preparing forecasts and establishing the relationships between variables are an integral part of budgeting and planning.
Financial mathematics provides an introduction to interest rates and annuities and to investment appraisal for projects. Preparing graphs and tables in summarised formats and using spreadsheets are important in both the calculation of data and the presentation of information to users.
Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%
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AFFM315 Financial Management I
This module primarily deals with the tools and techniques that generate information needed to evaluate and control present and projected performance. Thus, forecasting key variables, recognizing uncertainties attached to future events, is a basis for budget construction; the budget is then used with costing systems to evaluate actual performance.
Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%
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CIMA204 Fundamentals of Business Economics
This module primarily deals with the economic context of business and how competition, the behaviour of financial markets, and government economic policy can influence an organisation. It also provides the key microeconomic techniques underlying price determination and profit maximisation decisions.
The focus of this syllabus is on providing candidates with an understanding of the areas of economic activity relevant to an organisation’s decisions.
Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%
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CIMA205 Fundamentals of Ethics, Corporate Governance and Business Law
This module introduces the areas of contract law, employment law, financing, administration and management of companies. The globalisation of business is recognised by the inclusion of alternative legal systems, as well as the English legal system. Judicial precedent is included in relation to professional negligence.
Wherever business is conducted, the highest professional standards must be demonstrated for the benefit of all stakeholders. With this in mind, the place of ethics and ethical conflict is considered, as well as the role of corporate governance and its increasing impact in the management of organisations.
Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%
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Mode of Assessment |
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Students will be assessed based on a combination of assignments, tests, final written exam, project and presentations. |
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Learning and Teaching Strategies |
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The modules are delivered via lectures, PowerPoint presentations, tutorials and individual assistance as required. |
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Graduation Requirements |
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On successful completion of the course, students will be awarded with a certificate - Foundation in Management Accounting from Chartered Institute of Technology. |
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Upon successful completion of this Foundation in Management Accounting program, students will be able to progress their study to the Postgraduate Diploma in Financial Services (Management Accounting) course. |
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Student must achieve an overall mark score of minimum 50% for all the modules in order to graduate with the respective award. |
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The grades for awards of respective course are as follows:
No. |
Marks |
Grade |
Grade Description |
1. |
80% and above |
A |
Very Good |
2. |
70% to 79% |
B |
Credit |
3. |
60% to 69% |
C |
Good Pass |
4. |
50% to 59% |
D |
Pass |
5. |
0% to 49% |
F |
Fail |
6. |
50% |
P |
Re-sit Pass |
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Articulation Pathway |
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Upon successful completion of the course, students will be eligible to apply for one of the following courses:
- Postgraduate Diploma in Financial Services (Management Accounting) awarded by Chartered Institute of Technology#
- CIMA Certificate in Business Accounting or CIMA Diploma in Management Accounting Courses#
# Please refer to the entry requirement for the respective courses.
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