Foundation in Accounting and Business Study

OBJECTIVE

This foundation course is prepared for all potential students to improve and strengthen students command of language so that they will be able to meet the language requirement when they progress to their next level of learning. At the same time this course provides the students with the foundation knowledge of the business related subjects.

Upon completion of this course, students will be eligible to enroll into either the Diploma programme depending on their current academic level.

Students may be required to study some of the selected modules depending on the current qualifications students have before they proceed to the Diploma programme.

 

LEARNING OUTCOME

  • Prepare students with the basic knowledge in the key subjects before progressing to the diploma programme.
  • Uplift the students level of English to meet the entry requirements for their next level of learning.
 

Admission Requirements

For International Student:

  • Min. age 16 years old
  • SPM, STPM, Senior High School (UEC), Gao Kao (High School) qualifications
  • Other qualifications will be evaluated on a case-by-case basis

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

Intakes
July

 
Certificate Awarding Body
 
This foundation is awarded by Chartered Institute of Technology.
 
Name of Award
 
Foundation in Accounting & Business Study
 
Course Structure
 

Module Code

Module Name

Hours

COMM211

Business Communication I

60

COMM221

Business Communication II

60

AFPA111

Principles of Accounting I

60

MTPL311

Marketing Fundamentals

60

FSMH122

Business Statistics

60

ECMI221

Principles of Microeconomics

60

MGNT321

Principles of Management

60


Optional Modules

Module Code

Module Name

Hours

AFPA121

Principles of Accounting II

60

ECMA211

Principles of Macroeconomics

60

AFMC215

Managerial Accounting

60

AFMC225

Managerial Accounting II

60

AFFA331

Financial Accounting I

60

AFFA332

Financial Accounting II

60

AFFM315

Financial Management I

60

AFFM325

Financial Management II

60

 
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Modules

 
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%


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%


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%


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%


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%


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 organisationís decisions.

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%


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%



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%


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%


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%


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 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.

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%



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%


 
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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. Our average contact hours for the Foundation programs are 60 hours per module which comprise of lectures and tutorials.
 
Graduation Requirements
 
On successful completion of the Foundation program, students will be able to receive a certificate in Foundation in Accounting & Business Study. This certificate is awarded by Chartered Institute of Technology.
 
Upon successful completion of this Foundation program, students will be able to progress their study to the Diploma course.
 
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 one of the following courses:

  • Diploma in Accounting and Finance awarded by Chartered Institute of Technology #
  • Diploma in Business Management awarded by Chartered Institute of Technology #

# Please refer to the entry requirement for the respective courses

 
 
 
Chartered Institute of Technology Pte Ltd, 171 Chin Swee Road, CES Centre, #02-07/08, Singapore 169877 Tel: 6276 4890 | enquiry |