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Business and Accountancy Core Courses

​Business Core Courses

  • Accounting Information System
  • Financial Management
  • Strategic Management/ Data Analytics for Accounting

 

Accountancy Core Courses

  • Financial Accounting
  • Management of Legal Obligations in Business
  • Company Law
  • Accounting Recognition and Measurement
  • Accounting for Decision Making and Control
  • Assurance and Auditing
  • Tax Management
  • Risk Reporting and Analysis
  • Accounting Analysis and Equity Valuation
  • Risk Management and Advanced Auditing


AC
6001 Accounting Information System


The purpose of this course is to help students to develop a strong conceptual foundation in accounting information systems, a necessary pre-requisite for effective performance in accountants and auditors in the current digital era. The course enables the students to understand, evaluate and use Accounting Information Systems effectively in their future roles as accountants, managers, consultants, or auditors.


The course seeks to:


1) Provide an in-depth understanding of key business processes of an organization, and how the data captured during the business process flow through to management and financial accounting.


2) Train students to model key business process activities and identify risk and control issues related to a business process


3) Provide comprehensive knowledge about AIS packages and enterprise resource planning (ERPpackages and explain how AIS/ERP packages are implemented.


4) Provide students with an overview of some key modules of an ERP and teach students the skills of using an industry standard package such as SAP.


Students will study how AIS/ERP is deployed in common business transactions. They will learn about the information flow in fundamental accounting processes and the major risks and controls associated with these processes. Students will be taught on how data is captured, processed, stored and accessed for generating management information and business reports and documents.


Students will gain hands-on training on ERP usage via lab sessions on SAP – an industry standard ERP package. With an understanding of the systems development process and knowledge of AIS deployment in accounting and business processes from pre-lab sessions, students will gain an appreciation of the underlying workings of a typical ERP/AIS. This learning and experience will equip them with knowledge for more effective sourcing, selection, implementation and deployment of AIS/ERP packages in practice. In addition, students will also learn how they can make use of Excel for more effective reporting from the data generated through AIS/ERP packages.

 

 

AC6002 Financial Management


The objective of this course is to provide a rigorous introduction to the foundations of financial management in competitive financial markets. The course is designed to equip students with the basic tools that are necessary in managing a firm in a dynamic financial environment. The topics to be covered include the time value of money, risk and return, portfolio management, stock and bond valuation, cost of capital, capital budgeting, capital structure, dividend policy, corporate financing, and agency theory, and financial derivatives. Strategic applications of these concepts to real world problems will be given equal emphasis. The method of instruction, depending on the topic, will include lectures, case studies, and/or other pedagogical tools.



AC8003  Strategic Management


The course focuses on identifying and understanding the sources of superior firm performance through a process of analyses and syntheses. This entails an understanding of theoretical concepts and frameworks. You will learn to analyze the external and internal environments of the firm, formulate and execute different types of strategies with the considerations of ethics and the interests of various stakeholders. Strategic issues are examined from the perspective of a chief executive or general manager who should focus on how he/she can formulate effective strategies and develop the necessary resources and capabilities to achieve sustainable competitive advantage in a highly volatile and competitive global environment.



AC8004  Data Analytics for Accounting


There has been an exponential growth of data over the past decade that can provide organizations the opportunities to derive insights to better support their decision-making. Similarly in the field of accountancy, the use of data analytics is likely to have a great impact on how accountants and auditors work in this modern economy. This course introduces to the participants the key concepts of predictive analytics and the course will cover the processes and tools relating to data analytics. Using real-life case studies, participants will be given the opportunity to have hands-on experience on building analytical models that will guide decision making for various business problems such as fraud detection, profit and revenue forecasts, customer segmentation, and trend analysis. This course will lay the foundation that will systematically introduce the process of developing a strong business analytic case starting from the exploration of the data context to finally obtaining the explanatory or predictive results. The students will learn how to ask the right questions and how to draw inferences from the data by using the appropriate statistical and data mining tools. Overall, the course will enable students to approach business problems data-analytically, envision business analytics opportunities in organizations, and also follow up on ideas or opportunities that present themselves.



AC6100 Financial Accounting


The course focuses on key principles and concepts in financial accounting and the application of these concepts in business decision-making. A strategic framework for accounting is adopted with emphasis on a user/decision-maker perspective. This course covers the foundations of accounting theory, conventional measurement techniques, reporting procedures and relevant accounting standards. The main focus will be on International Financial Reporting Standards and Singapore Financial ReportinStandards. An important feature of this course is the extensive use of current business articles and cases dealing with contemporary issues in financial accounting.

 

 

AC8101 Management of Legal Obligations in Business


This half-course focuses on the management of key aspects of legal obligations in business. It will begin with an introduction to the Singapore legal system and regulatory framework for doing business. It will focus on giving participants an understanding of obligations in key business torts and contracts before introducing various legal tools commonly used to manage these obligations and strategies which enable contracting parties to best protect their interests. The course will conclude with an examination of the legal issues when contracting through agents.


At the end of the course, participants are expected to:

have an understanding of the key legal considerations in doing business;

be able to analyse and manage key aspects of contracts and the contracting process; and

understand and explain how specific business torts operate.

 

 

AC8102 Company Law


The course on Company Law aims to provide participants with a firm understanding of the legal and regulatory mechanisms that govern companies and how they operate and function in a business environment. The main objective is to provide a clear understanding of the impact of the law on the key relationships between corporations and their stakeholders as well as between different stakeholder groups. This is to be achieved by examining the rights and obligations of the various interest groups in pertinent issues relating to the primary aspects of company formation, organization and control; corporate management; corporate finance; corporate restructuring and rescue and corporate insolvency.

 

 

AC6103 Accounting for Decision Making & Control


The aim of this course is to introduce the design and use of management accounting information for planning, control and decision making within business organizations. The organizational architecture will be used as the organizing framework. The major topics covered in this course include product costing, activity-based costing and management, strategic cost management practices, transfer pricing issues, tools  for decision making such as cost- volume-profit (CVP)  analysis, and performance evaluation and measurement issues, including sustainability measurement.

 

 

AC6104  Accounting Recognition and Measurement


This course equips participants with strong conceptual and technical knowledge of the recognition and measurement of various financial statement elements. The course begins with a discussion of objectives of financial reporting and general recognition and measurement issues and concepts. The course then proceeds with a critical examination of recognition and measurement issues and authoritative pronouncements related to various elements of the financial statements. Topics include fair value measurement, leases, financial instruments, deferred taxes, revenue recognition, construction contracts and share-based payments.

 

 

AC6105 Assurance and Auditing


This course provides students with an in-depth understanding of key assurance concepts and methodologies, as well as the skills and attitudes essential to the effective and efficient conduct of financial statements audits and assurance services. In terms of pedagogy, this course emphasizes active learning at both individual and group levels through project work, seminar discussions and activities. The course is designed to inculcate in students critical knowledge, skills and attitudes that an effective assurance professional should possess. Critical skills that are developed and reinforced through the various course activities include problem solving, critical thinking, research, communication, teamwork and interpersonal skills. Important attitudes and values that this course aims to impart include professional values and ethics, social responsibility, receptiveness to differing views, healthy skepticism and a passion for proactive self-learning.

 

 

AC6106 Tax Management


This course is designed to provide participants with a working knowledge of the concepts, principles and applications of taxation laws and practices in Singapore, most notably those relating to the Income Tax and the Goods and Services Tax. The emphasis of the course will be on the identification of tax issues faced by businesses and individuals in structuring their economic transactions, the analysis of the impact that taxes may have on the decision-making processes of businesses and individuals, and the formulation of strategies to mitigate and control such costs through legitimate tax planning.


 

AC6107 Risk Reporting and Analysis


Thobjectivof the course is tprovide students with a good understanding and appreciation of the operating and financial risks that firms face, and with a strong conceptual and technical knowledge in the measurement, reporting and analysis of these risks.


To provide focus to this course, emphasis is placed on two major areas:

a) Firms’ investment strategy as part of their risk management policy, and the resultanconsolidated financial statements;


b
Firms’ use of derivative financial instruments as part of their risk management policy, and the impact of these hedging activities on the firms’ financial position and performances.


Students are expected to have a strong foundation in the basic financial accounting issues and the associated technical competence before reading this course.

 

 

AC6108 Accounting Analysis and Equity Valuation


There are two parts to this course. Part I examines the roles of accounting, the implications of financial accounting for capital market efficiency, the current shift to the use of current values, and the implications of the use of current values on the usefulness of financial reporting. Part II focuses on identifying, assessing and applying information for the purposes of analysing and valuing business activities and entities. The course employs the agency framework within a capital market context to help students develop the necessary analysis and valuation skills.


Cases and projects are used to help students integrate the accounting, capital market efficiencybusiness analysis and valuation concepts.  Healthy scepticism is emphasized, as students are encouraged to challenge the assumptions and facts related to each issue.

 

 

AC6109  Risk Management and Advanced Auditing


To sustain value, corporations today recognize the need for active engagement in setting objectives and overseeing programs associated with Enterprise Risk Management (ERM). This shift in paradigm is driven by increasing stakeholder demands and performance expectations as well as growing public scrutiny after some spectacular corporate failures around the globe. The first part of the course provides course participants with an overview of risks that can threaten the attainment of organizational objectives, and the ERM concepts, frameworks and techniques for identifying, assessing and managing risks. Participants will also be exposed to hands-on application using generalized audit software to perform fraud risk analytics.


The second part of the course extends course participants’ basic auditing knowledge and techniques by examining advanced auditing concepts and complex issues faced by auditors and assurance providers in current practice. Topics include the auditing of complex issues related to revenue recognition, fair value estimates and group financial statements.

 
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