About this Course

This Course provides candidates with a rigorous programme to be equipped with the knowledge and skills required to pass the Diploma in Accounting and Business for the purpose of attaining the said qualification, which is globally recognized and relevant.

Entry Requirements

• Minimum age: 18 years old
  
• Minimum entry requirements: Two (2) A Levels and Three (3) GCSEs or their equivalent. These need to be in five (5) separate subjects including English and Maths.
  

Course Outline

Accountant in Business (Fundamental 1)

This module acts as an introduction to business structure and purpose, and to accountancy as a central business function. The module examines the structure and governance of businesses, including ethics. It looks at the business in the context of its environment, including economic, legal, and regulatory influences on aspects such as governance, employment, health and safety, data protection and security.

This module introduces the students to the accounting profession, regulatory framework, accounting, auditing and internal control. Additionally the module covers key management and people issues such as individual and team behavior, leadership, motivation and personal effectiveness. 

Topics covered are:

• The business organisation, its stakeholders and the external environment
  
• Business organisation structure, functions and governance
  
• Accounting and reporting systems, controls and compliance
  
• Leading and managing individuals and teams
  
• Personal effectiveness and communication in business
  
• Professional ethics in accounting and business
  

Management Accounting (Fundamental 2)

This module introduces students to costing principles and techniques, and elements of management accounting which are used to make and support decision-making. It covers the nature and purpose of cost accounting, distinguishing it from financial accounting.

The main focus is cost classification and behavior and how the use of computer spreadsheet and applied business mathematics to understand the measurement and behavior of business costs. Thus a central part covers costing techniques and the use of standard and budgeting costing for the purpose of planning and controlling business costs. 

Topics covered are:

• The nature, source and purpose of management information
  
• Cost accounting techniques
  
• Standard costing
  
• Performance Measurement
  

Financial Accounting (Fundamental 3)

The candidate will be introduced to the fundamentals of financial accounting, and the context and purpose, including the different bases of accounting. It focuses on the double-entry system and on recording, processing and reporting business transactions including the preparation of basic financial statements of incorporated and unincorporated entities. 

Topics to be covered are:

• The context and purpose of financial reporting
  
• The qualitative characteristics of financial information
  
• The use of double-entry and accounting systems
  
• Recording transactions and events
  
• Preparing a trial balance
  
• Preparing basic financial statements
  
• Preparing simple consolidated financial statements
  
• Interpretation of financial statements
  

Teacher : Student Ratio

1:30

Course Duration

(Part Time): 15 months

Assessment 

Computer- Based Exam or Written Exam

Methodology

Classroom Based Lecture

Medium of Instruction

English

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