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Diploma in Accounting and Finance

The Diploma in Accounting and Finance is to give students the best possible preparation for a successful career in one of a wide range of industries. Graduates of this course will be able to demonstrate a sound knowledge of the basic underlying academic concepts and principles associated with the broader discipline of Accounting and Finance.

Programme Aims

The main aim of the Diploma in Accounting and Financeis to give students the best possible preparation for a successful career in one of a wide range ofindustries. 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.

The Diploma in Accounting and Finance 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 lay the foundation for future and continuing professional development.
  • 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.
Learning Outcome
On successful completion of this programme, students should be able to:

  • Demonstrate knowledge of organisations and 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.
  • Communicate the results of their study/work accurately and reliably, and with structured and coherent arguments.
  • Demonstrate study autonomy as well as planning, judgement and organisational skills.
Course Duration

Full Time: 8 Months
Students attend lessons 3 hours per day plus directed/independent study for a period of 8 months from Monday to Friday.

Part Time: 12 Months
Students attend 3-hr lessons 3 nights a week and scheduled weekends for a period of 12 months.

Course Intake

Full-Time: Every 2 Months
Intake falls inJanuary, March,May, July, September, November 

Part-Time: Every 3 Months
Intake falls in January, April, July, October  

Mode of Delivery

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

Entry Requirement

Minimum Age:18

Minimum Academic Entry Requirement 

Local students shall possess one of the following:

  • At least two passes in GCE ‘A’ Level
  • International Baccalaureate (24 points)
  • Local Polytechnic Diploma in any field

International students shall possess one of the following:

  • Completion of Year 12 High School Qualification or equivalent qualification from respective home countries
  • Completed International Baccalaureate (24 points)
  • Equivalent Local Polytechnic Diploma in any field in respective home countries


Both local and international students MUST fulfil the minimum English language entry requirement of one of the following (except Mandarin programmes):

  • Achieved grade C6 or better in English language in GCE O level;
  • Pass in English Language in Year 10 High School qualification or equivalent;
  • IELTS 5.5/TOEFL 550;
  • Completed LSBF Preparatory Course in English Upper Intermediate Level;

Students with non-standard entry requirements (e.g. other PEI qualification, lack of equivalent Year 12 in home country, etc.) will be assessed on a case by case basis subject to approval of the Academic Board.

Module Synopsis

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.

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 Accounting and Finance
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, businesses, 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 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. The regulation of financial institutions, the risks in banking and the main methods used for risk management is discussed. The Module also exposes the students to the Forex and Derivatives markets and the future of financial transactions.

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.

Principles of Information System
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.

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, and apply a range of statistical and operations research techniques.

Attendance Requirements

International Students: 90%
Local, PR, non-student pass: 75%

Assessment, Graduation and Awards

Assessment Profile
Assignment/Class test :   50%
Final Exam:                    50%                                     
Total:                            100%

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 Diploma in Accounting and Finance certification.

Students who are for any reason unable to complete the Diploma and who have successfully passed a minimum of 4 modules are eligible for an Exit Award of a Certificate in Accounting and Finance

Teacher-Student Ratio

1 Teacher: 120 Students

Course Fee

Local Student: SGD$4980

International student: SGD$7500

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