Higher Diploma in Accounting & Finance

Higher Diploma in Accounting & Finance

The Higher Diploma in Accounting & Finance has been developed by London School of Business and Finance as a qualification for students aiming for a career in one of a wide range of industries, and/or for students aiming for a Higher Education qualification in a subject allied to Accounting and Finance.

Programme Aims

The aim of the Higher Diploma in Accounting & Finance is to give students the best possible preparation for a successful career in one of a wide range of industries. Graduates of the course will be able to demonstrate a sound knowledge of the basic underlying academic concepts and principles associated with the broader discipline of Management. Holders of the Higher Diploma will be able to demonstrate detailed knowledge and critical understanding of the major theories in business and management, and of the way in which those theories have developed.

The Higher Diploma in Accounting aims to provide students with:

  •  Knowledge and skills that will enable them to follow a career in all areas of accounting and a wide range of careers in business and finance.
  • To develop students’ competence and practical skills in accounting.
  • To provide students with the relevant knowledge and understanding of accounting and finance as it relates to the wider business context.
  • To develop students’ competence and practical skills in accounting and finance
  • To enhance understanding of the limits of their knowledge, and how this influences analyses and interpretations based on that knowledge.
  • To support independent learners and acquire a range of transferrable skills.
Learning Outcome

At the end of this course, students will:

  • Demonstrate knowledge of organisations, the external environment in which they operate and how they are managed
  • Analyse strategic issues related to the subjects studied.
  • Evaluate the appropriateness of different approaches to solving problems related to the subjects studied.
  • Show an understanding of accounting and finance principles and practices in the context of their chosen specialisation.
  • Apply theory to the solution of familiar and unfamiliar problems within the organisation,
  • Demonstrate proficiency in quantitative methods and computing techniques and know how to use these techniques and methods effectively across a range of problems
Mode of Delivery

Lectures, Tutorial, Seminars, Workshops,Case study and Exercises , Class Discussion , Group work project and presentations, Computer Exercise

Course Duration

Full Time course: 18 months
Students attend lessons 3 hours a day plus directed/independent study for a period of 18 months from Monday to Friday

Course Intake

Full-Time: Every 2 Months / Modular

Intake Full Time falls inJanuary, March, May, July, September, and November

Entry Requirement

Minimum Age

At least 18 years old

Minimum Academic Entry Requirement

  • Two passes in GCE A Level Examinations; OR
  • Completion or equivalent High School qualification (12 years); OR
  • Pass in appropriate Foundation/Certificate programme; OR
  • Other appropriate qualifications
     

Work Experience

  • Mature Entry Route (MER) Minimum age of 21 plus work experience (2 years minimum) will be assessed on a case-by-case basis
     

Minimum English Language Entry Requirement
Applicants must have ANY of the following:

  • Achieved a Grade C6 or better in the English Language at the Singapore GCE ‘O’ levels; OR
  • IELTS 5.5/TOEFL 550; OR
  • LSBF PCE Advanced
     

All international students for whom English is not their first language must provide evidence of their linguistic ability by gaining a minimum level of IELTS 5.5 or equivalent, prior to receiving an offer for the course.

Module Synopsis

Principles of Management
The aim of this module is to provide students with an introduction to the principles and practices of management. Students will learn how to examine the nature of managerial work including strategy, operations and project management, control, ethics, structures and culture, organisational power, groups and teams, individual performance and stress, social responsibility and change management..

Quantitative Methods
This course introduces the basic concept of quantitative approaches to decision making. It introduces students to basic concepts of and methods of qualitative methods used by Management. Enables students to understand how to collate and present data, apply and range of statistical and operations research techniques.

Principles of Accounting
This module introduces students to the foundation and understanding of the principles and concepts of Accounting. Students will be exposed to the application of these accounting concepts in the preparation of financial statements for use by individuals, business, non-profit organisations and government institutions. Students will also be developing expertise in using these accounting principles and concepts in their analytical approach to financial problem-solving.

Principles of Economics
The module is an introduction to basic economic principles and concepts and how they apply to the business environment.  It introduces students to the global economy and reviews both the national and the global market. It establishes the framework for future courses by providing students with an overview of fundamental micro and macroeconomic concepts

International Business Management
This module promotes an integrative understanding of international business issues, particularly in relation to how new businesses are established. Students will develop a critical understanding of major trends and issues in international business, evaluate how global firms analyse their business environment and develop an understanding of multi-disciplinary management.

Principles of Information Systems
This module will introduce students to the concepts and methods of business information technology and its application to practical business situations.  The goal is to help students 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.

Cost Accounting
This module is the foundation to the understanding of the principles and concepts of Costing.  Students will be taught the different principles, concepts, techniques, methods and systems of costing products and services.  It also prepares the students for more advanced studies in Management Accounting.

Principles of Banking and Finance
The study of the Principles of Banking and Finance is to equip students with the working knowledge of the characteristics and roles of banks and other financial institutions.  It discussed the regulation of financial institutions, the risks in banking and the main methods used for risk management.  It also exposes the students to the Forex and Derivatives markets and the future of Money. 

Taxation
The module will cover the Singapore Income Tax System as it applies to individual employees, investment income and business income.  The module is structured to provide an excellent foundation in the core areas of tax likely to be encountered   during the initial phase of tax experience and to prepare students for more advanced study in Taxation.

Auditing
Students will learn about the Regulatory Framework for the professional assurances services profession; the Professional Code of Ethics and Conduct for accountants, the auditing process which includes audit planning, review of internal control systems, compliance testing and substantive testing and finally reporting.

Corporate Finance
The study of Corporate Finance is to equip students with a working knowledge of the financial environment. Students will learn the tools and concepts needed for making financial decisions. The course addresses the three main areas of Corporate Finance, namely, what long-term investments a corporation should take on; how should it finance its investments; and how should a corporation manage its everyday financial activities.

Financial Accounting
This module further develops students understanding of the principles and practices of financial accounting, so that they can appreciate the contribution it makes to the effective operation of a business. The module provides students with the knowledge and skills to help them apply current accounting standards, and critically appraise the underlying concepts and financial reporting methods.  Provides an introduction to Corporate Governance.

Business Law
This module will provide students with the general knowledge and understanding of the fundamentals of business law in Singapore. It covers major topics discussed in business law courses providing clear examples and simplified cases.  The module contains many practical points and common clauses when drafting a contract.

Strategic Management
This module introduces the student to the theory and practice of strategic management, and the holistic way in which it draws upon a wide variety of managerial functions in its creation.  It will provide students with an understanding of the key concepts, theories and process integral to the strategic management of organisations..

Management Accounting
The primary aim is to extend students’ understanding of the theories, techniques and practices of management and cost accounting. This module will familiarise students with both the theoretical role and purposes of management accounting and with all the major aspects of management accounting practice and will enable them to better understand the various techniques, and issues surrounding them, by which accountants provide useful information to assist managers with the activities of planning, controlling, decision-making and performance measurement and management within organisations.. 

Professional Practice
This module aims to develop students’ knowledge and understanding of aspects of accounting and auditing represented in professional practice in public accounting firms.  Specifically the module aims to provide students with an understanding of ethical reasoning as applied to issues in professional practice and business.  Develop awareness of aspects of the development of the accounting profession

Attendance Requirements
  • STP holders – 90%  
  • Non-STP holders – 75%
Assessment, Graduation and Awards

Assessments Profile

  • Assignment/Class test                     50%
  • Final Exam                                      50%

 

Student must achieve an overall passing grade of 40%.  If students fail to achieve an overall passing grade of 40%, students will be permitted one retake attempt in each failed assessment and failure of this retake will require students to re-module the failed module(s) again in full prior to additional retake attempt.

Graduation and Awards
Students must complete and pass all required modules in this course to receive a Higher Diplomain Accounting and Finance certification.

Students who are for any reason unable to complete the Higher Diploma and who have successfully passed a minimum of 8 modules are eligible for an Exit Award of a Diploma in Accounting and Finance .

Teacher-Student Ratio

1 Teacher: 80 Students

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