In this course, learners will learn how to create financial statements, examine how costs are classified, how budgets are created, and the various reports generated. Utilising key accounting concepts, the learners will analyse how financial information is used to evaluate organisational performance and to make effective management decisions.

Course Objectives

Professionals in the hospitality, events, and other service-oriented industries are far better off with a good perspective of how business works especially on occasions when financial accounting tools are required. This course, therefore, aims to provide the knowledge in financial accounting, its concepts, principles and the tools for effective business decision making. Here, learners will learn about accounting in general and in relation to the business environment, the process of recording business transactions following the accounting cycle, inventory costing methods, and internal controls necessary to effectively manage a business.

The course discusses topics that include the users of accounting, types of business organisations, key accounting concepts, ethics and standards in the accounting practice, double-entry accounting, introduction to financial statement analysis, receivables management, and the costs and benefits of internal controls. At the end of the module, the learners would have understood these accounting principles; practiced them in classroom exercises and through formative as well as summative tests, and applied the basic principles in certain case studies simulating real-life business scenarios.

Learning Outcomes

Upon completion of the course, the learners should be able to:

1. Outline the use of accounting in the business environment

2. Apply double-entry accounting in recording business transactions

3. Interpret financial statements

4. Explore business decisions based on analysis of inventory costs and profits

5. Compare internal business controls and their costs and benefits

Entry Requirements

• Minimum Age: 16
• Academic Requirement: Complete secondary school education or its equivalent.

Mode of Delivery

• The method of teaching consists of multiple delivery dimensions like face-to-face lectures, individual and group discussions, case analysis, demonstration, role-plays and project assignments.

Assessment Methods

The learning outcomes will be assessed in two forms:

• Online Participative Quiz (20%)
• Project: Written Assignment (Individual/Group) (20%)
• Project: Presentation (Individual/Group) (20%)
• Final Assessment (50%)

Progression Pathway

This is not a pathway programme.

Course Duration

• Full-time: 50 hours (Including 2.5 hours assessment)
• Part-time: 50 hours (Including 2.5 hours assessment)

Next Available Intake(s)

• January, May, August, October

1. Demonstrate an understanding of accounting and the business environment.
2. Illustrate the ability to record business transactions using double-entry accounting and complete of the whole accounting cycle.
3. Draw the necessary information needed for analysis of financial statements and the utilise such for actual financial statement analysis and interpretation.
4. Calculate merchandise inventory costs and profits utilising various methods, compare and contrast them to derive certain business decisions.
5. Discuss business internal controls and appraise their costs and benefits.

Fees

Note:

• All prices stated above are inclusive of the prevailing Goods & Services Tax (GST)
• Local Applicant: Singapore Citizens and Permanent Residents
• International Applicant: International students including international students transferring from other local institutes

Register for Course

Submit the following documents and email to info@sish.edu.sg

• Completed Application Form
• Preferred Start-of-Course Date