Accountancy

Course Objective

This course provides specialization with topics covering accounting, auditing, law and taxation
in order to enhance a student’s skills in analysing critically the financial aspects of a business.

Duration of Course

The Advanced Diploma in Accountancy is a 9 months program, comprising 3 terms. Each term is of 12 weeks duration of which 11 weeks are classroom lectures. Each lesson is 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 Advanced Diploma in Accountancy course consists of 8 compulsory modules:

Entry Requirements

Singaporean

• EASB Diploma in Business Management/Diploma in Hospitality & Tourism Management with bridging unit in Cost Accounting OR
• EASB Diploma in Accountancy OR
• Equivalent academic qualification from a recognised higher learning institution

International Students

• EASB Diploma in Business Management/Diploma in Hospitality & Tourism Management with bridging unit in Cost Accounting OR
• Equivalent academic qualification from a recognised higher learning institution
• Proficiency in English Language

Assessment & Awards

Assessment for each module comprises of coursework (30%) and a written examination (70%). 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, student will be awarded the Advanced Diploma in Accountancy.

Fee Structure

Modules Synopsis

AC 2011 Financial Accounting II
This module provides students with an understanding of the supporting theories and assumptions underpinning financial accounting and an analysis of contemporary financial accounting issues.

Topics covered include the conceptual framework of accounting; alternative theories for explaining accounting behavior and accounting choice; the regulatory process; recognition and measurement issues and controversies; and emerging issues in accounting.

AC 2021 Company and Partnership Law
This course covers the law of business organisations, such as sole traders and partnerships, and a comprehensive study of company legislation. It deals with aspects of formation and management of companies. It also includes issues involved in contracting with a company, corporate finance issues, directors' duties, insider trading, protection of minorities and corporate rescues and reconstruction.

AC 2031 Auditing I
The course introduces the basic concepts and principles underlying auditing theory and practice, the objectives and reporting functions of the auditor and an understanding of the tools used by the auditor and the environment in which the auditor operates.

Topics include an introduction of the auditing environment, general principles and standards; audit overview and audit evidence; risk analysis, materiality and sampling; study and evaluation of internal control; auditing in an IT environment; verification and account balances; completing the audit; audit reporting; internal audit and public sector audit; professional ethics and responsibilities of auditors; and auditor’s legal liability exposure.

AC 2041 Taxation I
The course aims to provide students a practical understanding of the importance of the principles of taxation as applied to companies, partnerships, sole proprietorships, charities, clubs and associations. Students are expected to demonstrate their understanding of the principles through computational skills, which are assumed to be used by management for the most efficient course of actions.

Topics covered: Income tax law and administration; principles, concepts and terminology of taxation; income assessable to tax; business and non-business expenses; capital allowances; taxation of individuals and reliefs; taxation of sole proprietors and partners; taxation of companies; taxation of non-profit institutions; anti-avoidance provisions; current developments in taxation; and the goods and services tax – GST.

AC 2050 Management Information System
The focus of this module is on providing the business students with a fundamental knowledge of management science applications and management information systems development and implementation in business. It covers the basic concepts of linear programming, network analysis, decision theory, and simulation and their applications to a range of business decisions. It looks at the basic tools and techniques for analyzing, designing, implementing, and reviewing information systems as well as the management challenges of e-Business. Most of all, it aims to produce students with an understanding of mathematical and systems modeling techniques.

AC 2060 Corporate Finance
This module is an introductory unit in business finance. It aims to introduce students to concepts involve in corporate/managerial aspects of finance. Emphasis is on the theory behind making corporate financial decisions, with some basic application to tackling of financial problems. The topics covered are financial objectives of the firm; financial mathematics; valuation of debts and equities; valuation of uncertainty; methods of project evaluation; portfolio theory; estimating cost of capital; sources of finance; capital structure theory and dividend policy theory.

AC 2010 Management Accounting
Management Accounting is the identification, measurement, accumulation, analysis, preparation, interpretation and communication of financial information that assists management in fulfilling organizational objectives. The subject will deepen the student's knowledge and understanding of cost accounting, with emphasis on managerial decision-making, cost planning and control.

Some of the topics to be covered included cost analysis, activity-based costing, just-in-time management, capital budgeting applications, etc. A practical approach to the use of cost management tools will be taught considering today's highly competitive business environment where strategic pricing and business positioning are vital for business survival.

AC 2081 Financial Markets and Institutions
This modules aims to cover various financial markets, instruments, and institutions, with the primary focus on the capital raising and financing activities of firms at different stages in their life cycle. The perspective will typically be that of a firm wishing to raise capital, though the course will quite often also examine financing transactions from the viewpoint of the participating financial intermediary. The course analyzes financing choices for young firms for which there exists little or no security price information and then examines capital raising issues relevant to larger, listed firms. Topics include the decision to go public, mechanics and pricing of initial public offerings, role of investment bankers in IPOs, privatization, bank and public debt markets, securitization, credit ratings, junk bond markets, equity financing and signaling, convertible debt financing, interest rate, currency and price risk management, and issues relating to corporate hedging.