General

• General Goal
  

  This Diploma in Accountancy aims to provide learners with a foundation in financial management and accountancy. It is designed to make certain that each learner is equipped with thorough knowledge of accountancy, and the required skills to adapt rapidly to change and progress with their learning that include Recording Financial Transactions, Management Information, and Maintaining Financial Records.

  On completion, learner should be able to demonstrate the following generic skills:

  • Be able to prepare a trial balance from double-entry data, and a three-column cash book from data.

  • Be able to prepare a bank reconciliation statement.

  • Use ICT including charts, spreadsheets, databases, calculation functions.

  • Be able to account for labor costs by comparing and analyzing trends over time.

  
  

  Course Objectives

  1. Recording Financial Transactions

  • Understand the importance of recording financial transactions.

  • Be able to prepare source documents and Books of Prime Entry.

  • Differentiate between different types of income management.

  • Understand the classification of income and expenditure.

  2. Management Information

  • Describe the purpose of management information.

  • Differentiate between cost and management accounting.

  • Understand the use of ICT.

  3. Maintaining Financial Records

  • Understand the principles of accounting.

  • Be able to use the double-entry system of bookkeeping.

  • Differentiate between cash and trade discounts.

  • Understand the purpose of a bank reconciliation.

  
  

  No Entry Requirements

  Licensed by the General Organization for Technical and Vocational Training (OTHM)

  Target Group

  Anyone wishing to know more about accounting and/or work in the field.

  
  

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