Higher Diploma in Accounting and Finance

Why Study Accounting and Finance at DIMENSIONS?

Gold Standard Service Provider Award in Accountancy

 

The much-coveted Gold Standard Service Provider Award in Accountancy, conferred to DIMENSIONS by JobsCentral Learning, Singapore, recognises our strong standing in the private education terrain and demonstrates our unwavering commitment to delivering high-quality and industry-rich Accounting and Finance programmes as an anchor institution in Singapore.

 

With Singapore being ideally positioned as one of the world’s top financial centres, the demand for a bevy of highly skilled accounting and finance professionals will continue to surge over the coming decades. As such, DIMENSIONS has established quality partnerships with renowned universities and institutions to enable students to learn through an effective blend of practitioner-led sessions and case-study based pedagogy which helps them to obtain a thorough grounding in the advanced knowledge and practice of accounting and finance before stepping into the workforce.

Programme Introduction

With an optimal blend of a variety of effective mediums and pedagogical techniques, the Higher Diploma in Accounting and Finance programme is designed to provide a broad scope of management, financial, and digital accounting as well as a comprehensive overview of financial reporting and analyses, with a strong focus on the underlying principles of internal auditing necessary to operate a successful business.

What Will I Learn?

• To gain deeper insights into the financial information and terms pertaining to budgeting and forecasting purposes to keep a business operating smoothly and efficiently
• To obtain the practical knowledge to provide sound financial advice and tax services to the clients
• To develop stronger analytical and judgement skills needed to identify the effective strategies which investors should employ to enhance their overall portfolio returns and bolster their financial soundness
• To conduct periodic internal audits and evaluate the risk of fraud in an accurate and precise manner

At Whom Is This Programme Targeted?

• GCE A-Level graduates who seek to acquire a solid understanding of the advanced concepts of accounting and finance to enhance their technical knowledge
• Non-accounting executives with an ultimate goal of playing an active role in accounting and financial management upon graduation

Course Structure

The Higher Diploma in Accounting and Finance programme consists of 16 core modules

Course Outline

• Outline for Financial AccountingThis module equips students with knowledge of the essential accounting concepts, theories and systems of preparing and generating related financial statements. Successful students will be able to interpret and analyse the essential accounts and financial data, the financial health such as the liquidity, solvency and profitability of the company, and information supporting day-to-day business operations and decisions.
• Outline for Digital AccountingThis module is to equip students with the knowledge and skills to construct an integrated set of ledgers utilising appropriate accounting software. In addition, the student will be able to design accounting reports for periods and financial and management accounts, including reconciled bank statements and statutory reports e.g. VAT Returns.
• Outline for Global Business EnvironmentThe module aims to equip the students with an understanding of the global context in which organisations function. This module also helps the students to explore the dynamic nature of organisations through studying the impact of external factors such as political, legal and social and technological impacts on business operations.
• Outline for Personal and Professional DevelopmentThis module intends to help students to become an effective, confident, and self-directed person. Hence, students will have confidence and professional skills to aspire for their personal and career growth.
• Outline for Management AccountingThis module aims to develop in learners a practical understanding of the accounting techniques to analyse financial statements, investigate control systems and income generation methods, and measure business performance. Learners also need to apply cost and financial information for budgeting and forecasting purposes and are expected to develop to make effective short-term decisions.
• Outline for Financial ServicesThis module aims to introduce learners to a comprehensive introduction to (UK) financial services, by focusing on the environment, key components and inter-relationships of the financial system and legal concepts relevant to the retail financial advice.
  The module examines the Financial Corporate Advisory’s (FCA) approach to ethical and unethical behaviours and develops an understanding of the Code of Ethics and the skills required to provide sound financial advice to clients.
  
• Outline for Managing Information and TechnologyThis module introduces students to the role and functions of management information systems in a business operation and introduce them to the techniques for the effective collection, storing and analysing of data for effective decision-making process via electronic and paper-based communication. It will require the students to develop practical applications as well as the ability to recommend how MIS should be used in business as a competitive advantage. Students will also be exposed to the technical aspects of data management.
• Outline for Business Research MethodsThis module aims to develop business research skills in students. They will identify a business issue, formulate research objectives, critically review related literature, and propose appropriate research methods for the collection, analysis and presentation of data. Upon successful completion of this module, students will be able to use scientific enquiry techniques to address various business-related issues and make informed decisions.
• Outline for Organisational BehaviourThe aim of this module is to develop students’ understanding of individual and group behaviour in organisations and to examine the current theories and their application in managing behaviour in the workplace.
• Outline for Financial ReportingThis module aims to enable learners to prepare financial statements for different types of business, complying with the relevant legal and regulatory provisions and the basic principles of group accounts. Learners will also develop tools for the interpretation of financial statements. In this module, learners will learn appropriate financial standards and frameworks for financial reporting and how they are related to the reporting of financial information. Upon successful completion of this module, students will be able to prepare, analyse and audit financial statements in a workplace context and interpret complex financial information.
  
• Outline for Money and BankingThis module aims to provide students with a comprehensive introduction to the economics of money, banking and finance. It aims to provide an understanding of the workings of the monetary and financial systems and uses this understanding to assess and evaluate policy options and problems in economics, banking and finance.
  In addition, this module surveys basic monetary theory and provides insights into current debates in banking and finance.
  
• Outline for Investment PrinciplesThe aim of this module is to provide students with an overview of the types of investments available to private investors, e.g. equities, gifts, cash investments and collective investments, and to evaluate the merits and drawbacks of fundamental and technical analysis and be able to assess the relevance of the efficient market hypothesis to portfolio planning. Besides, the students will identify the factors which investors should apply to the selection and review of investments.
  
• Outline for TaxationThe module will equip learners with an understanding of the principles of taxation and the overall tax system in Singapore. Students will be equipped with a working knowledge on the key aspects of taxation which may affect the activities of businesses and individuals.
  The module will focus on the two main taxes in Singapore, namely Income Tax and Goods and Services Tax (GST).
  
• Outline for Financial ManagementIn this unit, students will learn about managing finance within the business environment. They will also learn about the management of sources of funding, working capital investment decisions, risk and return, and business performance using ratios.
• Outline for Audit and AssuranceThe module introduces the basic concepts and principles underlying auditing theory and practice, the objectives and reporting functions of the auditor and an understanding of the tools used by the auditor and the environment in which the auditor operates. Topics include introduction of the auditing environment, general principles and standards; audit overview and audit evidence; risk analysis, materiality and sampling; study and evaluation of internal control; auditing in an IT environment; verification and account balances; completing the audit; reporting; internal audit and public sector audit; professional ethics and responsibilities of auditors; and auditor's legal exposure.
• Outline for MarketingThis module aims to provide learners with understanding and skills relating to the fundamental concepts and principles that underpin the marketing process and activities in business organisations.
  

Scope of Study

This course aims to provide students with accounting and financial knowledge, theories and skills applicable in the business sector, in order to support individual and professional development in both career and study paths.

The course enables students to explore and demonstrate understanding in respect of accounting and financial management underpinning the sophisticated business operation of enterprises.

Delivery Mode

Lectures, tutorials, discussions and research activities

Commencement Date/Intakes

Click here to check the dates of Programme Intake for 2024
Click here to check the dates of Programme Intake for 2025
DIMENSIONS reserves the right to change the intakes at any time without prior notice.

Course Fees

1.	Application Fee (Non-refundable and non-transferable)	:S$	500.00
2.	Tuition Fee	:S$	23,800.00
3.	Administrative Fee	:S$	735.00
4.	Examination Fee	:S$	1,300.00
5.	Course Material	:S$	1,400.00
6.	Medical Check-Up Fee	:S$	60.00
7.	International Student Management Fee	:S$	1,000.00
8.	ICA Processing and Student’s Pass Fee	:S$	135.00
	9% GST	:S$	2,603.70
	Total	:S$	31,533.70

Please click here for more information on the fees which are likely to be incurred during the students’ course of study. Students are expected to pay for the stipulated fee(s) incurred, if necessary.

Payment Mode

For more information on Payment Mode, please click here.
For more information on Fee Protection Scheme (FPS), please click here.
For further details, please contact your Admissions Officer at 6334 0600.

Duration

16 months of institutional training with the schedule and session sequence set according to the Scheme of Work.
Maximum allowed period for a student to complete the course is 32 months.

Maximum Candidature Period

Student is not allowed to retake the course and/or request for a refund in the event if he/she fails to complete the programme within the maximum candidature period.

Opportunities for Further Education/Career Pathway

Following the successful completion of the Higher Diploma in Accounting and Finance programme, students will possess the essential knowledge and understanding regarding modern financial accounting to assume a significant number of professional roles in the accounting, banking, and finance sector.

Notes:
Foreigner’s application for jobs in Singapore is subject to the approval from the Ministry of Manpower of Singapore (MOM). DIMENSIONS DOES NOT GUARANTEE any success rate of approval.

Entry Requirements

Academic Level:

Local students	Received a passing grade in at least one (1) GCE A-Level subject or DIMENSIONS’ Foundation Diploma in Business or other Certificate in Foundation programme (with equivalent entry requirements as Foundation Diploma in Business and subject to approval) or for mature students, they must be at least 30 years of age and possess a minimum of 8 years of work experience in relevant fields.
International students	Equivalent to Year 12 from the respective home countries of the applicants.

 

English Proficiency : An IELTS score of at least 5.5 or DIMENSIONS’ Certificate in Academic English (CAE) Level 4 or passed DIMENSIONS’ English Proficiency Test at an equivalent level or its equivalent. English proficiency may be considered to have been met and an IELTS score may not be required if applicant possesses a highest qualification where English was the sole medium of instruction.

 

Class Periods

Full-time
Monday to Friday: 8.30am - 11.30am and/or 12.15pm - 3.15pm and/or 3.30pm - 6.30pm

3 hours per session. All specific programme schedules will be reflected in the timetable.

Examination Period

At the end of each semester or course

Assessment Methods

Assignment (70%); Examination (30%)

Assessment Grading Criteria

A : (80 marks and above)
B : (70 – 79 marks)
C : (60 – 69 marks)
D : (50 – 59 marks)
F : Fail (49 marks and below)

Note:
All students will only be given 2 referral assessments, and no further referral assessment is permitted if they have maximised the number of attempts allowed. If students do not pass the module during the referral assessment attempts, they will not qualify for the full award and will only be eligible to exit the programme with a Diploma only if they pass all 8 modules at Level 4. Alternatively, students can opt to retake the module with the payment of retake fee per module of S$ 1,635.00 (inclusive of 9% GST) to try to achieve the full award.

Assessment Weighting

Module Name	Assessment Methods (Weighting)
Financial Accounting	Assignment (70%) Examination (30%)
Managing Information and Technology	Assignment (70%) Examination (30%)
Digital Accounting	Assignment (70%) Examination (30%)
Personal and Professional Development	Assignment (70%) Examination (30%)
Money and Banking	Assignment (70%) Examination (30%)
Financial Services	Assignment (70%) Examination (30%)
Marketing	Assignment (70%) Examination (30%)
Investment Principles	Assignment (70%) Examination (30%)
Audit and Assurance	Assignment (70%) Examination (30%)
Financial Management	Assignment (70%) Examination (30%)
Organisational Behaviour	Assignment (70%) Examination (30%)
Taxation	Assignment (70%) Examination (30%)
Financial Reporting	Assignment (70%) Examination (30%)
Global Business Environment	Assignment (70%) Examination (30%)
Business Research Methods	Assignment (70%) Examination (30%)

Expected Examination Results Release Date

Not more than 3 months after the final assessment

Qualification Award

Higher Diploma in Accounting and Finance awarded by DIMENSIONS International College

Graduation Requirements

A “Pass” in all assessments of all assignments and examinations

Teacher – Student Ratio

Average teacher-student ratio is 1:35
Note: The number of students in the classroom is subject to the maximum seating capacity.