International Diploma in Accounting

Informatics Academy Singapore


Course introduction

Introduction


This qualification, which is based on the International Accounting Standards, further develops candidates’ understanding of the accounting principles for recording business transactions, as well as their ability to prepare and interpret accounts for different types of businesses. They are suitable for candidates working or intending to work in a role that involves maintaining financial records and preparing final accounts.
It enables candidates to demonstrate their knowledge and skills in making accounting adjustments and preparing the main financial statements for a sole trader. The qualification is suitable for candidates who already have basic book-keeping skills but wish to develop.
It develops candidates’ knowledge and understanding of financial statements and their ability to interpret the information presented using ratios. This qualification is suitable for people who are non-specialist in financial accounting but who need to understand the language and principles of financial statements in order to broaden their career opportunities or improve their career progression.


Assessment Structure

Students will be assessed through a combination of coursework and examinations. Coursework may be in the form of class tests and assignments. Assessment methods may vary according to individual module requirements.

Assessment Structure Test Assignment Project Exam
Accounting 1 NA 30% NA 70%
Cost Accounting NA 30% NA 70%
Economics NA 30% NA 70%
Introduction To Financial Accounting NA 30% NA 70%
Management Accounting 1 NA 30% NA 70%
Management 1 NA 30% NA 70%
Principles Of Business Law NA 30% NA 70%
Product And Marginal Costing NA 30% NA 70%



Curriculum Overview


Programme Structure


Accounting - B0010

This module provides students with the basic principles of accounting and their application. The module covers the understanding of accounting deriving from all sources including manual, mechanical and electronic. The module aims to provide the ability to prepare accounting statements and data in accordance with basic accounting conventions and current accounting practice.


Cost Accounting - B0011

The aim of this module is to develop the ability of students to understand the basic principles involved in short term cost behavior, short and long term decision making, short term profit control, cash management and product cost ascertainment. This module provides students with basic costing concepts and terminology. The module also covers the techniques used for managerial decision-making, planning and control.


Economics - W1006

This module covers what is generally accepted as the subject area of fundamental economic theories, concepts and policies. The module covers the economic principles and concepts that applied in decision making in a business environment. An understanding of the general economic environment and its effect upon business organization and their markets will be developed. The usefulness of economics as an analytical tool for business environments will be covered for thinking about real world problems.


Introduction to Financial Accounting - B1009

This is an introductory financial accounting module outlins the framework of accounting including its nature, purposes, and the contexts or environment in which it is practiced. The module covers the basics of accounting such as concepts, conventions, recording business transactions, application of accrual accounting. The module also teaches the students with the knowledge of financial statements from the trial balance for various types of entities including sole traders, partnerships, limited companies, and non-profit entities.


Management Accounting 1 - B0012

This module introduces the student to the disciplines of costing and management accounting techniques which are used to make and support decision-making. The nature and purpose of cost accounting is discussed, highlighting the differences from financial accounting. The classification of costs and behaviour of cost are explored.  Accounting for material, labour and overheads is discussed.  The use of management accounting techniques in supporting short term decision-making are developed. The module also introduces the costing techniques and standard costing as essential tools for budgeting, planning and controlling business costs.


Management 1 - W1007

This module is designed to provide students with a fundamental understanding of theory and practice of management, and some elements of the behavior of people in organizations. The objectives, roles, functions and various forms of business organization as adapt to a dynamic and changing environment will be covered. An in-depth understanding of the nature of the management process in action will be appreciated. This module also covered the application of the principles and theories of management to the actual practice as applied to the functional organization of business and the effective performance of thise who work in it.


Principles of Business Law - W2001

This module aims to enable students to understand the underlying principles of business laws. Students should be able to demonstrate a working knowledge of the law of contract and its practical application. The legal principles relating to sale of goods and customer credit, law of employment and the law of torts will also be covered.


Product and Marginal Costing - B2012

This module is primarily concerned with the framework of cost and management accounting. The relevant costs information for labour and materials will be introduced for planning and control purposes. This module will also introduce costing methods and techniques. Cost behavior and short term decision making including break even analysis will be covered.



Area of Studies


Progression Pathway

Upon successful completion of the International Diploma in Accounting awarded by Informatics Academy, the student is eligible to apply for an Informatics Academy International Advanced Diploma in Accounting.


Graduation Requirement

Upon successful completion of all modules, students will be eligible for the International Diploma in Accounting awarded by Informatics Academy.



Entry Requirements


Normal Entry

Minimum Age: 17

Academic Qualifications: 2 GCE ‘A’ levels Pass or Foundation Certificate for Higher Education (FCHE) or Certificate in Foundation Skills (CIFS) or other equivalent qualification deemed acceptable by Informatics Academy.

English Language: GCE ‘O’ Level – C6, IELTS – Min score of 5.5 OR, TOEFL (PBT)- Min score of 513 OR, TOEFL (iBT) – Min score of 65 OR, Informatics Certificate in Proficiency in English


Alternative Entry

21 years of age and above, Completed secondary education. Fulfilled English language proficiency requirement.



Duration & Intake


Programme Duration


Course Duration

Full-time 10 months


Delivery Model

Combination of lectures, tutorials and workshop conducted in classroom environment at Informatics Academy campus. Lessons are typically in blocks of 3-hour sessions.


Intakes

Full-Time:
January, February, May, June, September, October



Fees & Funding


  Domestic
Students
International
Students
Course Fee
(include GST)
   
Full-Time S$5,350.00 S$7,704.00
Part-Time NIL* -
FPS
(Fee Protection Scheme)
S$37.45 S$53.93
Medical Insurance
(per year)
S$ 64.20 S$ 64.20
Non-Refundable Application Fees
(include GST)
S$107.00 S$321.00
Student Pass Processing And Administrative Fees
(include GST)
- S$321.00

Administrative Fees stated above are indicative and inclusive of 7% GST. Refer to the personalized PEI-Student Contract for detailed fee payment schedule.

Top