Our tutors have excellent experience within their field of expertise as well as the necessary academic background. You will receive high quality face-to-face presentations delivered in a participative environment. You will be engaged in discussions, activities, case studies, presentations and group work creating a bond between you and other students that forges friendships and a new network of professionals.
There are no exams within this programme. The method of assessment to attain the qualification is based on writing assignments which are based on practical situations and a real working environment. You will be guided on how to write assignments, how to carry out analysis and how to identify recommendations that influence and implement positive change at the workplace. The assignment brief is available to you from very early on in your studies. In this way, you can organise and plan your study time accordingly week by week. You are also given the opportunity to get personalised feedback prior to submitting your final assignment.
Classes/ Mode of Study
You would need to attend classes in the evening during each 5-month semester period. The classic study route for students is twice weekly classes over a period of two semesters (10 months), typically from 5.30pm till 8.00pm.
For successful completion of the Diploma in Accounting you will follow 2 Units which consist of 60 credits.
Unit 1 – Financial Reporting
In this unit you will develop a sound understanding of the techniques of double entry accounting and can apply its principles in recording transactions, adjusting financial records and preparing non-complex financial statements. On completion of the unit, you will also be proficient in the use of double entry accounting techniques and the maintenance of accounting records. You would have also developed the ability to identify and correct omissions and errors in accounting records and financial statements. You will be able to specify the components of financial statements and prepare and review non-complex accounts for a range of different business structures including sole traders, partnerships and limited companies.
Unit 2 – Financial Management
In this unit you will develop the financial management skills for those who manage or seek to manage the performance, risk and financial decision-making needs of small and medium enterprises (SMEs), and small and medium practices (SMPs).
This unit will give you an understanding, application and analysis of the funding and management of capital within an organisation. In particular it will focus on the management and evaluation of investment appraisal decisions. Organisational performance and recommendations for its improvement and growth will also be analysed. You will be able to apply investment appraisal techniques to investment decisions and make recommendations. You will also be able to use valuation models and cost of capital models to determine the value of an organisation and its capital structure cost and how to manage foreign exchange risk, credit and gearing. You will be able to apply techniques to evaluate and make recommendations for the management of performance, resources, capital structure and risk.