Advanced Diploma in Accounting and Finance (Mandarin)

Program Overview

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Advanced Diploma in Accounting and Finance (Mandarin)

Programme Overview

The Advanced Diploma in Accounting and Finance has been developed by London School of Business and Finance (LSBF) for students aiming for a Higher Education qualification in the subject area, and/or for students aiming for a career in business and management. One important feature of this programme is that it has been designed for students whose first language is Chinese (Mandarin), or who have proof of proficiency in the language.

Programme Aims

The aim of the Advanced Diploma in Accounting and Finance is to provide students with the opportunity to further develop accounting and business studies knowledge based on practical skills gained through successful completion of the LSBF Diploma in Accounting and Finance. Holders of the Advanced Diploma will be able to demonstrate detailed knowledge and critical understanding of the major theories in business and management, and of the way in which those theories have developed.

Learning Outcomes

Graduates of the Advanced Diploma in Accounting and Finance should be able to evaluate and apply, within the context of the organisation, the standard theories and concepts from the following generic management areas:

• Finance and Management Accounting
• Human Resources
• Information Systems and Technology
• Operations Management

Modules

• Strategic Management
• Professional Practice
• Management Accounting
• Financial Accounting
• Business Law
• Corporate Finance
• Taxation
• Auditing

Module Descriptions

Strategic Management

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
• Appraise the effects of accounting policy choices on reported income, net assets and capital

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
• Describe and reflect upon the role that governance plays in the management of a business and the evolution of good governance practice

Management Accounting

On successful completion of the 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
• 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
• Appraise the effects of accounting policy choices on reported income, net assets and capital

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 organisation, and the Singapore Code of Corporate Governance.
• Know the context of the Employment Law, Law of Agency, and Intellectual Property law
• Critically analyse and evaluate simple legal arguments.

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 issue 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

Taxation

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

Identify due dates of submission of returns and the payment of tax liabilities

Auditing

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
• Appreciate a core body of knowledge in auditing for application in their future careers as professional accountants

Programme Structure

• Assessment method: Assignment/Class test (50%), Final Exam (50%)
• Graduation and awards: Students must complete and pass all required modules to receive a Advanced Diploma in Accounting and Finance (Mandarin) certification.
• Attendance requirements: International Students (90%), Local, PR, non-student pass (75%)
• Target audience: Working adults who would like to further expand their existing knowledge and skills in Accounting and Finance.
• Teacher Student Ratio: 1:80

Eligibility

• Minimum Language Entry Requirement: Students must achieve a Pass in Mandarin Language in Year 11 Higher School qualification or equivalent.
• Minimum age requirements: Aged 19 years old and above
• Local students shall possess one of the following:
  • LSBF Diploma in Accounting and Finance (Mandarin)
  • Local Polytechnic Diploma in a relevant field
• International students shall possess one of the following:
  • LSBF Diploma in Accounting and Finance (Mandarin)
  • Equivalent Local Polytechnic Diploma in a relevant field in respective home countries

Faculty

• Jennifer Zuo, Head and Senior Lecturer, Chinese School of International Studies

Tuition Fees

• Consult student advisor for more information

Admissions

• How to apply:
  • Local Students: Pre-programme counselling, evaluation of application, acceptance of offer, payment, and receipt of fee protection scheme (FPS) insurance and confirmation of registration.
  • International Students: Pre-programme counselling, evaluation of application, acceptance of offer, application of student pass, payment, and receipt of fee protection scheme (FPS) insurance and confirmation of registration.
  • Transfer International Students: Application, application of student pass, payment, and receipt of fee protection scheme (FPS) insurance and confirmation of registration.