Diploma In Accounting & Finance

Course details

Accounting and Finance offers a balanced academic and practical approach to fundamental fi nance and accounting concepts and application. Having dual specialization, this course will offer students wider further study and career options.

Learning Outcomes

• Have a grasp of the fundamental theories, concepts and principles of fi nance and accounting
• Understand the foundation principles and concepts of fi nance and accounting.
• Acquire the ability to use, analyse and interpret finance and accounting statements / information for management and decision-making
• Have an understanding of the roles of business and corporate law, economics and statistics applicable to fi nance and accounting scenarios
• On completion of the diploma course students will be awarded a Shelton Diploma in Accounting & Finance and can proceed to pursue their Shelton Advanced Diploma in Accounting & Finance programme.

Aims

This course offers a balanced academic and practical approach to fundamental financial and accounting concepts and their application.

Module Synopses

Financial Accounting

This module is designed to provide students

• An understanding of the theoretical framework of accounting and the principles underlying accounting statements
• Prepare and present financial statements for sole proprietorship, partnership business and companies
• Prepare books of accounts for non-profit organizations
• Evaluate the performance and financial position of organizations from their financial statements.

Financial Management

This module is designed to develop the student’s understanding of business finance/ financial management with emphasis on its integration with financial/ cost and management accounting. This module will introduce students to the area of company re-organizations and acquisitions

Financial Services

This module is designed to develop students' interest and appreciation of the Financial Services sector and the roles played by the organizations within it and to create an understanding of the issues, conflicts and problems which face organizations in the finance sector

Principles of Economics

This module is designed to provide an understanding of fundamental economic theories, concepts and policies, application of microeconomic principles and concepts to decision making in a business environment, the general macroeconomic environment and its effect upon business organizations and their markets and of international trade and the economic mechanisms employed to control and facilitate it

Corporate Law

This unit provides an introduction to basic principles of law relating to business. It will develops students’ knowledge of general principles of contract and criminal law, and more specific statutory provisions relating to consumer and employee protection. It also provides an introduction to business units, their information, management and dissolution. The student will be encouraged to analyse and evaluate legal provisions and to adopt a practical approach to problem solving.

Accounting in Business

In this module students will learn about managing finance within the business environment. They will learn about the management of working capital in the business, budgetary control and costing techniques. They will apply some statistical techniques for the purpose of financial analysis.

Quantitative Techniques in Business

This module is designed to enable students to achieve an overall understanding of how and why statistics and mathematics are used in economic and business decision and to demonstrate the ability to collect, present, analyze and interpret quantitative data using statistical techniques.

Electives (choose 1 of 3):

Human Resource Management

This module provides an introduction to the concepts and practices of Human Resource Management. It aims at providing an understanding of the personnel function of management through the consideration of systems and frameworks, which create and sustain the employment relationship within the organisation

Information Management

This unit enables students to recognize the need for managers to be able to gather, analyze, record, store and disseminate information as part of the management function. The focus of the unit is not on information systems but on the processes. The unit develops the skills and techniques involved in managing information, and students will learn to manage information to inform decision-making.

Fundamentals of Marketing

This module aims to investigate the principles that underpin the marketing process and how they apply in business. It is a broad-based unit providing a general overview of marketing for all students and a foundation for further study in the specialist area of marketing

Assessments

The 8 modules are assessed by either a written examination or written examination and assignment for a maximum score of 100%. The examinations are held at the end of each module and re-sit examinations are conducted after the assessment and award board meetings which are held 3 times each year.