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.

Throughout the course, students are fully supported and their development is checked frequently by progress assessments. Student performance and satisfaction is monitored to ensure that the course meets students’ academic and personal development needs; and industry contacts ensure that the programme is relevant and suitable for the demands of a career in the industry.

The Higher Diploma also provides you with the necessary skills and practical knowledge in the areas of Accounting and Finance. This will help you hone your skills and enhance your position in the Accounting and Finance industry.

Why study with us?

Rigorous Curriculum & Highly-Experienced Faculty
Our highly-experienced lecturers will equip you with the knowledge and skill sets that will empower you to rise up to the challenges in the industry

Further Studies
Upon graduation, you may proceed to pursue a degree in Accounting and Finance or other business degree disciplines.

State-of-the-art city institute
Studying at our Singapore institute, located in the Central Business District, you’ll be right in the heart of the city, surrounded by excellent infrastructures and within easy reach of everything that Singapore has to offer. We are situated at Springleaf Tower and GB Building, just 5 minutes’ walk from Tanjong Pagar MRT station.

Who is the course for?

This course is best suited for students who desire to pursue a career in the Accounting and Finance industry or a bachelor degree in the same field.

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.
  • 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
  • Demonstrate relevant accounting and finance knowledge and understanding of organisations, the external environment in which they operate and how they are managed
  • Effectively communicate information, arguments and analysis in a variety of forms to specialist and non-specialist audiences, including use of a range of media which are widely used in business such as the preparation and presentation of business reports
  • Demonstrate cognitive skills of critical thinking, analysis and synthesis
  • Demonstrate effective problem solving and decision making using appropriate quantitative and qualitative skills including identifying, formulating and solving business problems
  • Take and demonstrate responsibility for their own learning and continuing personal and professional development
  • Undertake further training, develop existing skills and acquire new competences that will enable them to assume significant responsibility within organisations
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

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.


Students, who have other qualifications, will be assessed on a case-by-case basis.

Award of Diploma & Assessment

To be awarded the LSBF Higher Diploma in Accounting and Finance, students must complete and pass all 16 modules in the programme. To achieve a pass grade in each module, students must obtain an overall passing grade of at least 40%.

Course Fee

Local Student
Full time: $11,000 (Incl GST)

International Student
Full time: $15,200 (Incl GST)

Module Outline

Principles of Management
On successful completion of this unit, students should be able to develop an overview of the role of management, describe key the concepts of management and organisational theory, explain the key issues associated with achieving purposeful activity within organisations, identify different areas of the management function and their associated academic fields such as Marketing, Strategic Management and Project Management and recognise the issues and challenges raised by Corporate Social Responsibility and Ethics

Quantitative Methods
On successful completion of this unit, students should be able to develop a grounding in qualitative analysis, be able to use the key quantitative methods in business decision-making and management research, distinguish between different types of data, data collection, analysis and presentation, use statistical techniques to analyse, test and interprete, identify and define the appropriate quantitative methods to solve business-related problems and determine a set of alternative solution as well as apply the principles and rules of probability and handle a range of financial calculations

Principles of Accounting
This module describes to students the nature and significance of the basic accounting principles and concepts, apply these accounting principles and their relevance to personal and professional financial decision-making, discuss the role of accounting information to external users, explain the various categories of accounts, describe the importance of internal control over cash and how to prepare a bank reconciliation statement, discuss and evaluate the different methods of depreciation in relation to long-term assets of a business, prepare the income statement, balance sheet and cash flow statement as well as appreciate the difference between capital and revenue expenditure.

Principles of Economics
On successful completion of this unit, students should be able to demonstrate an understanding of the key concepts in micro and macroeconomics, explain the impact of supply and demand, price elasticity on market position and competitor, discuss the impact of economic policies on business and the business environment as well as critically review the global trading and financial systems.

International Business Management

On successful completion of this unit, students should be able to evaluate concepts and techniques in the multi-disciplinary international business issues, explain and evaluate structures, processes, and contexts of international business, demonstrate knowledge of international business issues and of the debates associated with this area of study as well as apply the relevant policies to suggest solutions to multi-faceted business problems and issues

Principles of Information Systems
On successful completion of this unit, students should be able to explain the importance of information systems for business professionals and basic knowledge they need to use and manage information technologies in business, identify the basic knowledge about information technology and the challenges information system technologies pose for business professionals, describe how Internet technologies and other forms of information technology support electronic business operations, electronic commerce, and business decision-making as well as describe how to use system development process and the model of IS components to develop and implement information system solutions to meet the challenges of business enterprises

Cost Accounting
On successful completion of this unit, students should be able to appreciate the role of cost and managerial accounting in the management process, explain cost terminology and the various types of cost, calculate material, labour and overhead costs for products and services, allocate overhead costs to products or services under the various methods of allocation, use job-order cost information for decision-making, demonstrate how a process costing system tracks costs to products and the different costing systems used, use the various approaches in cost estimation, apply budgeting and standard costing techniques to assist management in controlling operations and have a critical understanding of the strengths and weaknesses of such techniques.

Principles of Banking and Finance
This module will help students identify the economic, political, social, technological and demographic forces affecting the banking and finance industries; describe the organisation structure of a bank; describe the roles of a bank as well as financial intermediaries; identify the different types of banking customers as well as the types of banking products available to meet their needs; discuss the various common financial securities used by business organisations to raise capital; appreciate the objectives and role of finance management and the importance of the financial manager in a business organisation

Business Law
On successful completion of this unit, students should be able to understand and appreciate the fundamentals of business law as applied in Singapore, know the context of Contract Law, Law of Sale of Goods, and Company Law relating to business organization, and the Singapore Code of Corporate Governance, know the context of the Employment Law, Law of Agency, and Intellectual Property law and critically analyse and evaluate simple legal arguments

Strategic Management
At the end of this module students should be able to describe the strategy process and provide a critical evaluation of different approaches to strategy, critically evaluate the business models of various organizations and discuss the appropriateness of their approaches to strategy, distinguish between external and internal analysis and how they are used in the strategy process, evaluate a range of strategies at the business, corporate and global level, critically evaluate the main factors and requirements for the successful implementation of new strategies, innovation and change as well as select and apply appropriate strategic management tools and techniques to analysis business problems and issues and be able to evaluate the implications from such an application

Professional Practice
At the end of this Module, students will be able to demonstrate understanding of the nature of professional ethics and its significance in the business environment, explain and discuss ethical reasoning and related professional standards as applied to issues in accounting practice; analyse potential ethical dilemmas in practical settings, critically discuss the development of the accounting profession as well as describe and reflect upon the role that governance plays in the management of a business and the evolution of good governance

Management Accounting
At the end of this Module, students will be able to demonstrate a knowledge and understanding of alternative concepts, tools, practices, roles and terminologies of cost and management accounting, skilfully apply a number of calculative cost and management accounting techniques; interpret, and critically appraise, the use of cost and management accounting techniques within their broader (organisational, environmental and managerial) contexts and appreciate the numerous behavioural, organisational, political and social dimensions of cost and management accounting practice.

Financial Accounting
On successful completion of the module, students will be able to critically analyse the accounting concepts and practises used in preparing financial statements, use of accounting information to assist in the management decision making process, further develop their understanding of concepts relating to accounting theory, develop an awareness of the requirements of Company Law and International Accounting Standards concerning the format and content of company financial statements, develop an understanding of the accounting regulatory frameworks and Corporate Governance as well as appraise the effects of accounting policy choices on reported income, net assets and capital

Corporate Finance
On successful completion of this unit, students should be able to explain and evaluate corporate finance concept and its relevance to a variety of corporate finance decisions such as capital budgeting, securities valuation, capital structure and dividend policy, apply basic corporate finance theories to a range of corporate finance issues commonly faced by companies, add value both to your own personal financing and investment decisions and professional corporate financial management decision, evaluate and appreciate newspaper articles on current corporate finance issues.

On successful completion of this unit, students should be able to calculate an individual’s income from employment, determine the income tax liability arising on individuals who are Singapore residents, calculate income from savings and investments, discuss the operation of the Singapore tax system, calculate income from property (for individuals), prepare adjusted profit/loss computations for trades and professions (sole-proprietorships and partnerships), determine the income tax liability of sole proprietors, determine the income tax liability of partners, prepare capital allowances computations as well as identify due dates of submission of returns and the payment of tax liabilities

On successful completion of this unit, students should be able to explain and evaluate the core concepts, theories and techniques in the area of auditing, explain what an external audit is and why external audits are necessary within a statutory and professional framework, appreciate the relevance of audit ethics, postulates and the role of the professional regulatory body, describe and critically assess the process of audit planning, particularly in the context of risk and materiality, describe compliance and substantive audit testing, evaluate the importance of internal controls and the main forms of audit evidence and documentation to support an audit opinion, explain the structure and meaning of the audit report and the nature of audit qualifications and appreciate a core body of knowledge in auditing for application in their future careers as professional accountants


Teacher-Student Ratio

1 Teacher: 80 Students

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