Accountancy

Course Objective

This course introduces students to the fundamental concepts in business management. Topics covered are economics, accounting, finance, statistics, business law, marketing, management and information technology.

Duration of Course

The Diploma in Accountancy is a 9 months program, comprising 3 terms. Each term is of 12 weeks duration, including 11 weeks of formal class time and independent study. Formal class time will consist of 3 hours of lectures and 3 hours of tutorial per week. Examination will be held on week 12.

Students will take 2 or 3 modules per term.

Course Structure

The Diploma in Accountancy course consists of 8 compulsory modules:

Entry Requirements

Singaporean

• EASB Foundation Programme OR
• 2 GCE 'A' levels with pass in General Paper & Mathematics OR
• 5 GCE 'O' levels with pass in English & Mathematics (Grades 1-6) OR
• 3 GCE 'O' levels with pass in English & Mathematics (Grades 1-6) and minimum 3 years working relevant experience

AND

• All applicants must be 17 years of age at time of application

International Students

• EASB Foundation Programme OR
• High School certificate or equivalent
• Proficiency in English Language
• Credit in Mathematics (Grades 1-6) for highest qualification

AND

• All applicants must be 17 years of age at time of application

Assessment & Awards

Assessment for most modules comprise of coursework (30%) and a 3 hours written examination (70%) towards the end of the term The coursework may include case study analyses, review of published journals or conference articles, laboratory assignments, research reports and tutorial participation.

Upon successful completion of all 8 modules, the student will be awarded the EASB Diploma in Accountancy.

Fee Structure

Modules Synopsis

AC 1010 Financial Accounting I
This module will cover the principles behind the construction of financial reports. Topics covered include the double entry recording system, financial statements, statement of cash flows, accounting standards, accounting equation, financial ratio analysis, valuation and measurement of assets and liabilities, and accounting for partnership formation and liquidation.

AC 1020 Business Law
This is an introductory module dealing with some of the most important areas of business law. The objectives of this module include: (1) equipping students with the basic legal tools for the business world and government, (2) enabling students as graduates in the business environment to deal with legal advisers in an intelligent and informed manner, (3) providing students with a solid foundation from which to make an effective study of other law units in the Business Management or Commerce degree. The topics covered include a general introduction to law; law of contract; law of tort; law relating to partnerships, agency and trusts.

AC 1030 Economics
This module provides an introduction to microeconomic and macroeconomic theories and policies. Topics covered include demand and supply; application of supply and demand; market structures; firm costs; perfect competition; monopoly; government in the economy; economic decisions; production and exchange; economic aggregates such as aggregate production and employment, the general level of prices and inflation, exchange rates, and the balance of payments. Analysis is particularly directed to models of an open economy and to current economic problems and policy issues.

AC 1040 Principles of Management
This module is designed to acquaint students with the management and marketing functions as it is used within a business organization. Topics covered include individual dimensions of organizations’ behavior; perception and learning; communication and motivation; groups and interpersonal influence; interaction and leadership; and organizational structure.

AC 1050 Principles of Information System
This module provides an introduction to information systems and information technology for business students to help them to learn how to use and manage information technologies, conduct electronic commerce, improve decision-making, and gain competitive advantage in the marketplace. It therefore emphasizes on the role of Internet technologies as a technology platform for electronic business, commerce, and collaboration within and among corporations.
The aim of this unit is to introduce you to the concepts and methods of business information technology and its application to practical business situations.

AC 1060 Business Statistics
This module provides a foundation for all quantitative modules in the Advanced Diploma and undergraduate degrees. The topics covered are financial mathematics; measures of location and dispersion; probability, random variables and expected values; sampling design; estimation and testing using the normal and t-distributions; and simple and multiple regression and correlation. The emphasis is on practical applications to accounting, economics, finance, management and marketing.

AC 1070 Business Communication
This module focus upon formal means of communication and the development of personal communication skills relevant to someone working alone or as a member of a team within an organization. The topics covered include communicating and relating to others; developing skills of acquiring, selecting and presenting information; developing sensitivity to and awareness of, other people’s ideas and attitudes; and how all of these relate to the information needs and systems.

AC 1081 Cost Accounting
This module focuses on the accumulation of costs of a firm’s products and services. Students will be equipped with a thorough understanding of the various cost concepts and measurement systems used in today’s manufacturing and service industries. The topics include among others a basic understanding of the cost behavior, cost allocation methodology and measurement, various costing systems and approaches, etc. In addition, there will be discussions on contemporary issues and challenges by cost accounting professionals and the practical cost management problems in the collation of cost information.