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.


Career Opportunities

CITECH's Diploma in Accounting & Finance gives you a career in multi-national companies and organizations. Graduates can have a head start in:

  • Assistant Accountant
  • Assistant Financial Controller
  • Assistant Taxation Specialist
  • Assistant Auditor

Who Can Apply?

Academic:

  • Student must have minimum age of 17 years old with GCE 'O' Level, 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
2 Years (Full Time)

Intakes
March, May, August

Course Schedules
March 2011 - March 2012
May 2010 - May 2011
August 2010 - August 2011

 
Certificate Awarding Body

This diploma is awarded by Chartered Institute of Technology.


Course Structure

Year 1 Stage 1

Module Code

Module Name

ICIT 101

Information Technology – Concepts

COMM 211

Business Communication I

FSMH 122

Business Statistics


Year 1, Semester 2

Module Code

Module Name

ECMI 221

Principles of Microeconomics

AFPA 111

Principles of Accounting I

COMM 221

Business Communication II


Year 1 Stage 3

Module Code

Module Name

AFPA 121

Principles of Accounting II

ECMA 211

Principles of Macroeconomics

AFFA 331

Financial Accounting I


Year 2 Stage 4

Module Code

Module Name

MTPL 311

Marketing Fundamentals

AFMC 215

Managerial Accounting

MGNT 321

Principles of Management


Year 2 Stage 5

Module Code

Module Name

AFFA 332

Financial Accounting II

AFAD 323

Auditing

AFFM 315

Financial Management I


Year 2 Stage 6

Module Code

Module Name

LABL 313

Business Law

AFTX 322

Corporate Taxation

AFFM 325

Financial Management II

 
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Modules

ICIT 101 Information Technology - Concepts
Level: Diploma
Year: 1
Stage: 1
  • To ground students in fundamental knowledge of business computing and information concepts
  • To provide students with an introduction to microcomputer hardware and commercial software applications

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COMM 211 Business Communication I
Level: Diploma
Year: 1
Stage: 1
  • In this course, you will learn to thrive in today's 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

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FSMH 122 Business Statistics
Level: Diploma
Year: 1
Stage: 1
  • Students able to comprehend and deal with uncertainty, variability, and statistical information in the world around them, and participate effectively in an information-laden society
  • Students able to contribute to or take part in the production, interpretation, and communication of data pertaining to problems they encounter in their professional life

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ECMI 221 PRINCIPLES OF MICROECONOMICS
Level: Diploma
Year: 1
Stage: 2
  • This course provides the student with the underlying concepts, theories, and examples for market structures, product pricing, resource pricing, behavior and the organization of industry, current economic problems and an introduction to international economics.

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AFPA 111 PRINCIPLES OF ACCOUNTING I
Level: Diploma
Year: 1
Stage: 2
  • This course provides the student with the underlying concepts, theories, and procedures for recording, classifying, adjusting, summarizing and interpreting of financial data for service and merchandising entities. Additional topics include, accounting for cash, trade and notes receivable and payable, merchandise inventories, payroll and GAAP.

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COMM 221 Business Communication II
Level: Diploma
Year: 1
Stage: 2
  • In this course, you will learn to thrive in today's 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.

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AFPA 121 Principles of Accounting II
Level: Diploma
Year: 1
Stage: 3
Pre-requisites: AFPA111

  • This course provides the student with the underlying concepts, theories, and procedures on accounting for cash, trade and notes receivable and payable, merchandise inventories, accounting for different types of business etc.

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ECMA 211 Principles of macroeconomics
Level: Diploma
Year: 1
Stage: 3
  • Examine the ten principles of economics and the interdependence and the gains from trade. How market works: the market forces of supply and demand.
  • The data of macroeconomics: how to measure a nation's income and cost of living.
  • Production and Growth, Saving, Investment, and the Financial System.
    The Basic Tools of Finance, Unemployment and Its Natural Rate, The monetary system and the prices.
  • The macroeconomics of open economy, Basic Concepts: A Macroeconomic Theory of the Open Economy.
  • Economic Fluctuations: Aggregate Demand and Aggregate Supply, The Influence of Monetary and Fiscal Policy on Aggregate Demand, The Short-Run Tradeoff between Inflation and Unemployment.
  • Debates over Macroeconomic Policy.

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AFFA 331 Financial Accounting I
Level: Diploma
Year: 1
Stage: 3
Pre-requisites: AFPA121

  • The objective of the course is to introduce the language of business and to train you in the analysis of financial statements. Accounting attempts to measure and report corporate performance. Users demand the performance measure in a variety of decisions they make. For example,
    • Managers use accounting information in making investment decisions;
    • Investors use accounting information in valuing stocks;
    • Bankers rely on accounting information in deciding whether to lend money to a business and in assessing the risk of the loan; and
    • Accounting information is crucial in evaluating the performance of employees at various levels in an organization
  • In making all of these decisions, an interdisciplinary understanding of the entire business is necessary. Toward this end, the course also introduces concepts from finance and economics (e.g., cash flow discounting, risk, valuation, and criteria for choosing among alternative investments) throughout the course, which will enable students to place accounting in the context of a business.

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MTPL 311 MARKETING FUNDAMENTALS
Level: Diploma
Year: 2
Stage: 4
  • To provide students with an appreciation of the development of marketing and its changing
    role within a variety of organisations.
  • To provide students with an awareness and consideration of the various tools of the marketer and an evaluation of their strengths and weaknesses.
  • To ensure students are able to recognise the impact achievable through modifying the marketing mix for (re)positioning the product and service offerings.
  • To introduce students to the importance of planning in the management of the marketing activity.
  • To develop an awareness and understanding of the impact of information technology on the marketing mix decisions.
  • To enable students to realise the importance of customers and their behaviour relating to marketing decisions.

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AFMC 215 Managerial Accounting
Level: Diploma
Year: 2
Stage: 4
Pre-requisites: AFPA121

  • This course provides the student with the underlying concepts, theories, and procedures on accounting for cash, trade and notes receivable and payable, merchandise inventories, payroll etc.

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MGNT 321 PRINCIPLES OF MANAGEMENT
Level: Diploma
Year: 2
Stage: 4
  • To develop the student's understanding of the underpinning systems of organisation and management, and the ways these can evolve in progressive organisations.

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AFFA 332 FINANCIAL ACCOUNTING II
Level: Diploma
Year: 2
Stage: 5
Pre-requisites: AFPA121
  • The objective of the course is to introduce the language of business and to train you in the analysis of financial statements. Accounting attempts to measure and report corporate performance. Users demand the performance measure in a variety of decisions they make. For example,
    • Managers use accounting information in making investment decisions;
    • Investors use accounting information in valuing stocks;
    • Bankers rely on accounting information in deciding whether to lend money to a business and in assessing the risk of the loan; and
    • Accounting information is crucial in evaluating the performance of employees at various levels in an organization
  • In making all of these decisions, an interdisciplinary understanding of the entire business is necessary. Toward this end, the course also introduces concepts from finance and economics (e.g., cash flow discounting, risk, valuation, and criteria for choosing among alternative investments) throughout the course, which will enable students to place accounting in the context of a business.

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AFAD 323 AUDITING
Level: Diploma
Year: 2
Stage: 5
  • To provide student's ability to understand and apply auditing concepts and standards accounting to the Companies Law and international Auditing Standards.
  • To encourage critical anaylsis of how well auditing techniques and standards meet the demands placed on auditors.

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AFFM 315 FINANCIAL MANAGEMENT I
Level: Diploma
Year: 2
Stage: 5
  • This course studies corporate finance and capital markets, emphasising the financial aspects of managerial decisions. The course touches on all areas of finance, including the valuation of real and financial assets, risk management and financial derivatives, the trade-off between risk and expected return, and corporate financing and dividend policy,

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LABL 313 BUSINESS LAW
Level: Diploma
Year: 2
Stage: 6
  • To equip the students with the ability of analyzing, creating and amending business contracts.
  • To identify the practical use of relevant business scenarios, the application of the law to
    different practical situations.
  • To allow students to apply their learning to analysing the legal prospects of various business scenarios.
  • To provide students with an understanding of the law relevant to the business organisation and its operations.
  • To provide students with an understanding of law relevant to personal property.

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AFTX 322 CORPORATE TAXATION
Level: Diploma
Year: 2
Stage: 6
  • Students will be able to determine the tax liabilities of partners from partnership income.
  • Students will be able to determine the tax liabilities of clubs, associations and charities.
  • Students will be able to determine the tax liabilities of companies.
  • Students will be able to determine the goods and services tax payable and its implications of business transactions.

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AFFM 325 Financial Management II
Level: Diploma
Year: 2
Stage: 6
Pre-requisites: AFFM315
  • This course studies corporate finance and capital markets, emphasizing the financial aspects of managerial decisions. The course touches on all areayas of finance, including the valuation of real and financial assets, risk management and financial derivatives, the trade-off between risk and expected return, and corporate financing and dividend policy.

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