Diploma in Accounting & Finance

OBJECTIVE

This course provides students with a strong foundation of a broad-based business education. Students will also acquire specialized knowledge in essential business functions of accounting, finance and taxation. This will place them in good stead for flexible career options and further educational advancement.

 

Admission Requirements

Academic:

  • Student must have minimum age of 17 years old with min 3 GCE 'O' Level passes, SPM or equivalent
  • Mature applicants of 25 years of age with minimum of 2 years of working experience
  • Other qualifications will be evaluated on a case-by-case basis

English Requirements:

If English is not your first language you are also required to provide evidence of your English language skills as listed below.

  • Min. English IELTS 5.5 or equivalent
  • Other qualifications will be evaluated on a case-by-case basis

Duration
24 Months (Full Time)
48 Months (Part Time)

Intakes
September

 
Certificate Awarding Body
 
This diploma is awarded by Chartered Institute of Technology.
 
Name of Award
 
Diploma in Accounting and Finance.
 
Course Structure

Year 1 Stage 1

Module Code

Module Name

Hours

ICIT101

Information Technology – Concepts

60

AFPA111

Principles of Accounting I

60

FSMH122

Business Statistics

60


Year 1 Stage 2

Module Code

Module Name

Hours

ECMA211

Principles of Macroeconomics

60

AFPA121

Principles of Accounting II

60

COMM221

Business Communication II

60


Year 1 Stage 3

Module Code

Module Name

Hours

MTPL311

Marketing Fundamentals

60

ECMI221

Principles of Microeconomics

60

AFFA331

Financial Accounting I

60


Year 2 Stage 4

Module Code

Module Name

Hours

AFFA332

Financial Accounting II

60

AFMC215

Managerial Accounting

60

MGNT321

Principles of Management

60


Year 2 Stage 5

Module Code

Module Name

Hours

AFMC225

Managerial Accounting II

60

AFAD323

Auditing

60

AFFM315

Financial Management I

60


Year 2 Stage 6

Module Code

Module Name

Hours

LABL313

Business Law

60

AFTX322

Corporate Taxation

60

AFFM325

Financial Management II

60


Optional Module

Module Code

Module Name

Hours

COMM211

Business Communication I

60

 
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Modules Synopsis

 
ICIT101 Information Technology - Concepts

This module introduces to students about the basic computer concepts with emphasis on the personal computer and its practical use, including hardware, application and system software, the Internet and World Wide Web. It is designed to provide students with an understanding of what are the current computer applications, network and technology in the market.

Continuous Assessment 1 - 15%
Continuous Assessment 2 - 15%
Final Project and Presentation - 20%
Final Written Examination - 50%
Total Assessments - 100%


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%


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%


ECMA211 Principles of macroeconomics

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.

Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%


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%


COMM221 Business Communication II

You will learn to thrive in todayís 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%


MTPL311 Marketing Fundamentals

This module addresses several functional areas of business, as well as introducing candidates to the economic, social and political context of international business dealing with marketing. The learning requirements alert students to major developments in the field as well as tools and techniques important to each functional area.

Continuous Assessment 1 - 20%
Continuous Assessment 2 - 30%
Final Written Examination - 50%
Total Assessments - 100%


ECMI221 Principles of Microeconomics

This module primarily deals with 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%


AFFA331 Financial Accounting I

This module covers the preparation of the full financial statements for a single company. Coverage of a wide range of international standards is implicit in the objectives of this module, as specified in the course outline.

Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%


AFFA332 Financial Accounting II

This module covers the preparation of the full financial statements for a single company and the principal consolidated financial statements for a simple group. Coverage of a wide range of international standards is implicit in the objectives of this module, as specified in the course outline. Similarly, understanding the regulatory and ethical context of financial reporting is vital to ensuring that financial statements meet users’ needs. Principles of taxation are included, not only to support accounting for taxes in financial statements, but also as a basis for examining the role of tax in financial analysis and decision-making.

Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%


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%


MGNT321 Principles of Management

This module addresses several functional areas of business, as well as introducing candidates to the economic, social and political context of international business dealing with operations and managing human capital. The learning requirements alert students to major developments in the field as well as tools and techniques important to each functional area.

Continuous Assessment 1 - 20%
Continuous Assessment 2 - 30%
Final Written Examination - 50%
Total Assessments - 100%


AFMC225 Managerial Accounting II

This module is designed to develop studentís further understanding of management accounting in terms of techniques to monitor, plan, and how to manage and control cost. It also introduces the context of decision making for management accountant from operation to strategic management perspectives.

Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%


AFAD323 Auditing

This module provides an introduction to auditing in a business analysis approach which aims at improving the effectiveness of most audits. It concentrates on both the underlying theory and the practical application of auditing. It will cover both the external and internal audit and other types of review. It will discuss professional ethics and current developments within the auditing profession. It will describe the cycle of audit, and provide the contents of various audit reports.

Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%


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%


LABL313 Business Law

This module introduces students the legal framework for business and provide the underpinning framework for commercial activity. It includes 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%


AFTX322 Corporate Taxation

This module will provide the students with a sound working knowledge of taxation as applied to partnerships, companies and non-trading entities.

Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%


AFFM325 Financial Management II

This module adds on to the Financial Management I by looking at the project appraisal which relies similarly on future financial projections to provide the information on which managers can evaluate expected performance and actual outcomes. Both budgeting and project appraisal emphasize the critical importance of optimizing cash flow and managing working capital.

Continuous Assessment 1 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%


COMM211 Business Communication I

You will learn the common terms used in the business world. Various exercises will be given, requiring you to apply the terms learnt to the business context. This would help to build a basic foundation for the next module, Business Communication II. It would also equip you with the vocabulary to understand and learn the other business courses more easily.

Class Participation - 10%
Continuous Assessment 1 - 20%
Continuous Assessment 2 - 20%
Final Written Examination - 50%
Total Assessments - 100%

 
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Mode of Assessment
 
Each module is assessed by academic work comprising of a mixed of assignments, tests, presentation, projects and final written examination as determined by the course outline. The assessment criterion varies from module to module.
 
Learning and Teaching Strategies
 
Every modules are delivered via lectures, PowerPoint presentations, tutorials, and individual assistance as required.
 
Our courses are generally conducted on a modular basis.
 
Graduation Requirements
 
On successful completion of the Diploma program, students will be able to receive a certificate in Diploma in their respective area of course. This certificate is awarded by Chartered Institute of Technology.
 
Upon successful completion of this Diploma program, students will be able to progress to study the Preparatory course for CIMA Diploma in Management Accounting or proceed to Viterbo University in USA to study the Bachelor of Business Administration.
 
Student must achieve an overall mark score of minimum 50% for all the modules in order to graduate with the respective award.
 
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
 
Articulation Pathway
 

Upon successful completion of the course, students will be eligible to apply for:

  • CIMA CBA Level exemption, CIMA Operational Level objective test exemption and sit for the Operational Level online exam integrated case study. Upon successfully passing the Operational Level integrated case study exam, students will be eligible for the CIMA Diploma in Management Accounting award. Student will be required to pay for the examination and exemption fee to the professional body.
  • Further study at the Viterbo University in USA to study the degree course Bachelor of Business Administration.
 
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