Postgraduate Diploma in Financial Services
(Management Accounting)

OBJECTIVE

This course offers specialized studies in finance, management and investment. This program is designed to provide students with the conceptual and managerial decision-making skills necessary for effective management in the continuously changing domestic and international financial market environment. Students will acquire new knowledge and skills, develop positive attitudinal changes towards efficiency and effectiveness in enterprise management and appreciate the use of financial information for organizational planning, development and control.

 

Learning Outcome

    On completion of this course, students should be able to:
  • use the financial tools needed to make good business decisions
  • identify and apply techniques that aid decision-making to maximize financial performance, including the valuation of real and financial assets, risk management and financial derivatives, the trade-off between risk and expected return and corporate financing
  • make sound investment decisions through in-depth knowledge of the financial markets, rigorous analytical thinking and precise mathematical derivation
 

Admission Requirements

The minimum entry requirement is either one of the following criteria:

  • Min. age 19 years old
  • Applicants must be holders of Bachelor Degrees related to Accounting, Finance and Business Management
  • Applicants from non-related degrees with CITECH Foundation in Management Accounting
  • Other qualifications will be evaluated on a case-by-case basis
  • Min. English IELTS 5.5 or equivalent

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

Intakes
August

 
Certificate Awarding Body
 
This postgraduate diploma is awarded by Chartered Institute of Technology.
 
Name of Award
 
Postgraduate Diploma in Financial Services (Management Accounting)
 
Course Structure
 
Core Courses

Module Code

Module Name

Hours

FM536

Corporate Reporting

64

FM431

Entrepreneurial Finance

64

FM433

Investments

64

FM415

Strategic Financial Management

64

FM402

Finance Theory

64

 

Specialization - Management Accounting

Module Code

Module Name

Hours

MA311

Business Strategy

64

MA312

Managing Entrepreneurial Operations

64

MA313

Management Decision Making

64

 
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Modules

 
FM536 Corporate Reporting

This module covers the preparation of the full financial statements for a single company and the principal consolidated financial statements for a simple group. This module will also include understanding of the regulatory and ethical context of financial reporting, which is vital to ensuring that financial statements meet usersí 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 within subsequent papers.

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


FM431 Entrepreneurial Finance

This module looks at the holistic, integrated view of management across the organisation and building on important concepts in strategic management. This module develops tools and techniques for identifying the key types of competitive environment. The skills and tools of project management are also addressed.

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


FM433 Investments

This module focuses on the application of information in the management processes of decision-making and control, so as to optimise performance. The first two sections deal respectively with the key contributors to operational performance Ė revenue (decisions of what to produce, at what price) and costs (how to manage them to maximise profitability). The role of control in monitoring and improving performance then comes to the dealing with principles and practices in the use of responsibility centres and budgeting.

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


FM415 Strategic Financial Management

This module covers the preparation of full consolidated financial statements; issues of principle in accounting standards dealing with more complex areas; developments in external reporting; and the analysis and interpretation of accounts.

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


FM402 Finance Theory

This module deals with the key elements in designing and managing the organisationís financial strategy, in the context of contributing to achieving the organisationís objectives and within its external constraints, such as the general regulatory and investment environment. The features and implications of the full range of major financing instruments are covered.

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


MA311 Business Strategy

This module builds on the studentsí knowledge of management theory and practice gained from prior study of business and management and integrates different functional aspects of business in order to provide the student with a holistic perspective of how organisations determine their strategic direction. The module examines the strategic decision-making process through an investigation of the external and internal environment, strategic options and implementation issues facing an organisation. It will cover challenges facing business in the 21st century ranging from globalisation and the rise of the emerging economies, governance and corporate social responsibility and sustainability.

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


MA312 Managing Entrepreneurial Operations

This module addresses several functional areas of business, as well as introducing students to the economic, social and political context of international business. For each of the sections dealing with information systems, operations, marketing 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 - 25%
Continuous Assessment 2 - 25%
Final Written Examination - 50%
Total Assessments - 100%


MA313 Management Decision Making

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, recognising uncertainties attached to future events, is a basis for budget construction; the budget is then used with costing systems to evaluate actual performance. Project appraisal 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 optimising cash flow and the final section of the paper continues this theme from the perspective of managing working capital.

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


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Mode of Assessment
 
Students will be assessed based on a combination of assignments, tests, final written exam, project and presentations.
 
Learning and Teaching Strategies
 
The modules are delivered via lectures, PowerPoint presentations, tutorials and individual assistance as required.
 
Graduation Requirements
 
On successful completion of the course, students will be awarded with a certificate - Postgraduate Diploma in Financial Services (Management Accounting) from Chartered Institute of Technology.
 
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
 
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Articulation Pathway
 

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

  • CIMA Diploma in Management Accounting Level Exemption and sit for the F1 Financial Operations module exam. Upon successfully passing the F1 Financial Operations module, students will be eligible for the CIMA Diploma in Management Accounting award. Student will be required to pay for the regsitration, examination, exemption and any other miscellaneous fees to the professional body.

  • CIMA Advanced Diploma in Management Accounting Level Exemption and sit for the E2 Enterprise Management module exam. Upon successfully passing the E2 Enterprise Management module, students will be eligible for the CIMA Advanced Diploma in Management Accounting award. Student will be required to pay for the regsitration, examination, exemption and any other miscellaneous fees to the professional body.
 
 
 
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