Accountancy

Accountancy

Programme Overview
The Bachelor of Accountancy with Honours is a three-year direct honours degree programme designed through a series of consultations with various industry heads, accreditation bodies, and external faculty consultants. This degree programme will hone students’ critical and analytical skills in addition to the requisite knowledge needed for a professional accounting career in commerce, industry, government or public practice. Graduates will be specialists with deep skill-sets ready for the accounting sector.

Curriculum
As accountants’ roles involve constant communication, the accountancy curriculum will enhance students’ soft skills through interactive activities such as oral and written presentations, as well as individual and team-based assignments which will be regular features in the programme.

The curriculum will include various modules such as change management, forensic accounting, internal auditing, regional tax planning, strategic accounting, etc.

Some of the highlights include the Integrated Work Study Programme (IWSP) which runs through peak auditing periods. Following the IWSP, students will undertake a business Capstone module and modules in their focused area of interests such as Audit or Tax. Students will also have Regional Exposure to Accounting Practice (REAP). Practice-oriented training will be provided by industry experts.

Accreditation of the Programme
The programme is accredited by the following professional bodies:

  • Association of Chartered Certified Accountants (ACCA)
  • Chartered Accountants Australia and New Zealand (CA ANZ)
  • Chartered Financial Analyst (CFA Institute) – under the University Affiliation Program
  • Chartered Institute of Management Accountants (CIMA)
  • CPA Australia (CPAA)
  • Institute of Chartered Accountants in England and Wales (ICAEW)
  • Singapore Accountancy Commission (SAC) / Institute of Singapore Chartered Accountants (ISCA)

In addition, the programme has been accepted into the CFA Institute University Recognition Programme as it incorporates at least 70% of the CFA Programme Candidate Body of Knowledge (CBOK), which provides students with a solid grounding in the CBOK and prepares them well to sit for the CFA exams.

Career Opportunities
Accountants are highly sought-after across diverse industries such as banking, management consulting and the service sector. Graduates can join the national accountancy body of Singapore (ISCA) as Associates and extend their professional qualifications by completing the Singapore CA (Qualification) professional programme and becoming a Chartered Accountant of Singapore or CA (Singapore), which will enhance their career opportunities. Graduates will also be able to pursue professional qualifications from other internationally-renowned accounting professional bodies such as CAANZ, CIMA, CPA Australia and ICAEW, amongst others.

Eligibility and Exemption

Students with relevant accounting background, i.e., Diploma in Accountancy/Accounting may apply for up to three trimesters of exemptions from the first year.

For students with non-relevant accounting background, i.e., Diplomas from other disciplines; exemptions of modules will be considered on a case-by-case basis.

Diploma holders from any local polytechnic and A-level graduates are welcome to apply.

MODULE SYNOPSIS

Year 1
ACC1001 Introduction to Financial Accounting

Start building your accounting knowledge with this module. You will grasp basic concepts and principles of financial accounting, including:

  • The accounting cycle
  • The accounting conceptual framework underlying the preparation of financial statements
  • Types of financial statements:
    • Income statement
    • Statement of financial position
    • Statement of comprehensive income
    • Statement of changes in shareholders' equity
    • Cash flow statement
  • Components of financial statements, such as:
    • Assets
    • Liabilities
    • Shareholders' equity
    • Revenues
    • Expenses

You must complete this module before taking the following:

  • ACC1009 Audit Process
  • ACC1010 Introduction to Management Accounting
  • ACC1011 Enterprise Accounting Applications
  • ACC1012 Regulatory Framework of Accounting
  • ACC2001 Financial Accounting
  • ACC2002 Auditing
  • ACC2006 Accounting Information Systems
  • ACC2007 Company Accounting
  • ACC2008 Management Accounting and Control
  • ACC3004 Accounting for Decision Making and Control
  • ACC3005 Taxation
ACC1002 Introduction to Economics

Get a good grounding in microeconomics and macroeconomics through this module.

In the first half, you will focus on learning core economic principles, including:

  • Scarcity
  • Incentive
  • Opportunity cost
  • Supply and demand
  • Elasticity
  • Market structures
  • Game theory

In the second half, gain a broad picture of the economy as you cover topics such as:

  • Aggregate demand and supply
  • Gross domestic product
  • Price level
  • Economic cycles and fluctuations
  • Government intervention using monetary and fiscal policy
  • International economy
ACC1003 Organisation and Management

Through this module, you will understand the basic principles of organisational behaviours and management.

Topics covered include:

  • Organisation design
  • Organisational culture
  • Organisational change
  • Decision-making
  • Management of conflicts
ACC1004 Business Law

Gain working knowledge of the laws that apply when doing business in Singapore. This will be important in your profession as an accountant or finance practitioner.

Topics covered include:

  • Laws of contract, agency, business organisations
  • Law of Tort
  • Intellectual property law

You must complete this module before taking ACC2103 Company and Securities Law.

ACC1005 Foundations of Finance

Develop an understanding of finance theory and the fundamental tools of financial decision-making. This will lay the foundation for you to take on more advanced finance modules.

Topics covered include:

  • Financial mathematics
  • Investment evaluation techniques
  • Use of the Net Present Value (NPV) rule
  • Capital budgeting
  • Valuation of both debt and equity securities
  • Risk and return relationships
  • Diversification
  • Portfolio theory

You must complete this module before taking the following:

  • ACC2004 Corporate Finance
  • ACC2105 Investment and Risk Analysis
  • ACC3006 Business Valuation and Analysis
ACC1007 Business Information Technology

This module focuses on the management and strategy aspects of computer systems in the contexts of organisations and society.  You will also learn about the role of technology in managing businesses and delivering services.

Topics covered include:

  • How to use technology to improve business competitiveness and create value to organisations
  • Proposing solutions to managerial and organisational issues arising from the usage of technology
  • Benefits and pitfalls of using technology
  • Ethics and social responsibility related to the use of technology
ACC1009 Audit Process

Develop a solid understanding of audit concepts, processes and practices that are in line with current auditing standards. You will also learn how to plan and conduct an audit.

Topics covered include:

  • Basic ethical principles
  • Auditor independence and its threats
  • Audit evidence and documentation
  • Audit planning
  • Risk assessment
  • Analytical procedures
  • Internal control system
  • Audit analytics

You must complete this module before taking ACC2002 Auditing.

ACC1010 Introduction to Management Accounting

Through this module, you will master basic concepts and techniques for gathering and reporting managerial accounting information.

These reports are for an organisation’s internal use and inform the management on planning, directing and decision-making.

You will learn about:

  • Basic management accounting concepts
  • Product costing for batch production
  • Activity-based costing and management
  • Cost behaviour and cost estimation
  • Cost-Volume-Profit analysis
  • Budgeting
  • Decision making with relevant cost and benefits

You must complete this module before taking ACC2008 Management Accounting and Control.

ACC1011 Enterprise Accounting Applications

Prerequisite(s): ACC1001 Introduction to Financial Accounting

Get an overview of computerised accounting application systems and learn how to record day-to-day business transactions.

By the end of this module, you will also become competent in analysing financial reports and preparing financial statements.

Topics covered include:

  • Manual accounting system
  • Setting up computerised accounts
  • Enterprise Resources Planning system
  • Industry trends such as cloud accounting
  • Data analytics

You must complete this module before taking ACC2006 Accounting Information Systems.

ACC1012 Regulatory Framework of Accounting

This module covers the preparation of corporate financial statements that comply with the Singapore Financial Reporting Standards (SFRS).

SFRS is based on the International Financial Reporting Standards (IFRS) and other regulatory requirements.

Learn how to conduct accounting for:

  • Revenues
  • Property plant and equipment
  • Leases
  • Investments in bonds and equities
  • Investment properties
  • Income taxes
  • Provisions and contingent liabilities
  • Changes in accounting policies and accounting estimates

You must complete this module before taking the following:

  • ACC2001 Financial Accounting
  • ACC2002 Auditing
  • ACC2007 Company Accounting
  • ACC3004 Accounting for Decision Making and Control
  • ACC3005 Taxation
Year 2
ACC1008 Marketing Management

This module introduces you to marketing concepts that can be found in your everyday life. You will learn the practical uses of these concepts through real-life examples.

Topics covered include:

  • Creating customer relationships and value through marketing
  • Ethical and social responsibility in marketing
  • Understanding consumer behaviour
  • Conducting marketing research
  • Developing new products and services
  • Service marketing
  • Strategic marketing process
ACC1106 Quantitative Analysis

For anyone who wishes to excel in the accounting profession, it is critical to have a firm grounding in business statistics.

Financial specialists use statistical models to perform portfolio analysis, while forensic accountants rely on statistical methods to uncover financial fraud.

Through this module, you will master:

  • Descriptive statistics
  • Probability theory and distributions
  • Sampling distributions
  • Inferential statistics
  • Regression analysis

Case studies will also show you how to apply these concepts and how to interpret statistical results.

You must complete this module before taking the following:

  • ACC2105 Investment and Risk Analysis
  • ACC3006 Business Valuation and Analysis.

 

ACC2001 Financial Accounting

Prerequisite(s):
ACC1001 Introduction to Financial Accounting
ACC1012 Regulatory Framework of Accounting

Develop the knowledge and skills to prepare financial statements that comply with local and international accounting standards. Such statements reflect a company’s financial performance and strength, and they can help management to make more informed business decisions.

You will learn how to properly account for items such as:

  • Revenues
  • Inventory
  • Property
  • Plant and equipment
  • Investment properties
  • Income taxes
  • Provisions and contingencies
  • Changes in accounting policies and accounting estimates
  • Consolidation
  • Borrowing costs
  • Operating segments
  • Related party disclosures and intangibles

You must complete this module before taking the following:

  • ACC2007 Company Accounting
  • ACC3001 Integrated Work Study Programme
  • ACC3004 Accounting for Decision Making and Control
  • ACC3005 Taxation
  • Year 4 Corporate Accounting Focus modules
ACC2002 Auditing

Prerequisite(s):
ACC1001 Introduction to Financial Accounting
ACC1009 Audit Process
ACC1012 Regulatory Framework of Accounting

Expand your understanding of the audit process and practices that comply with the Singapore Standards on Auditing (SSAs). Through this module, you will also continue honing your skills in performing an audit.

Topics covered include:

  • Regulatory framework for audit and assurance services
  • Anti-money laundering and terrorism financing
  • Fraud and error
  • Quality control
  • Assurance reports
  • Current issues and developments that impact the auditing profession

You must complete this module before taking the following:

  • ACC3001 Integrated Work Study Programme
  • Year 4 Audit Focus modules
ACC2004 Corporate Finance

Prerequisite(s):
ACC1005 Foundations of Finance

Recommended to be taken after:
ACC1006 Basic Statistics
ACC1106 Quantitative Analysis

In this module, put yourself in the shoes of a corporate financial manager as you learn how to plan and make financial decisions.

Topics covered include:

  • Capital structure
  • Debt and taxes
  • Financial distress
  • Managerial incentives and information
  • Dividend policy
  • Capital budgeting and valuation with leverage
  • Financial and real options
  • Mergers and acquisitions
  • Environmental, social and corporate governance

You must complete this module before taking Year 4 Applied Finance Focus modules.

ACC2006 Accounting Information Systems

Prerequisite(s):
ACC1001 Introduction to Financial Accounting
ACC1011 Enterprise Accounting Applications

This module demonstrates how information systems are used for accounting and auditing. For example, find out how information systems help with documenting, analysis and maintenance activities during accounting cycles.

You will also learn how an enterprise resource planning system, which businesses use to manage day-to-day activities such as accounting, operates.

Topics covered include:

  • Accounting information systems and business processes
  • Systems documentation
  • Information security
  • Privacy controls
ACC2007 Company Accounting

Prerequisite(s):
ACC1001 Introduction to Financial Accounting
ACC1012 Regulatory Framework of Accounting
ACC2001 Financial Accounting

In this module, you will expand your understanding of the accounting treatments under the Singapore Financial Reporting Standards (SFRS) and International Financial Reporting Standards (IFRS).

You will also learn to account for various business transactions, including:

  • Leases
  • Investments in bonds and equities and consolidation
  • Impairment of assets
  • Business combinations
  • Equity accounting for associates, joint arrangements
  • Foreign currency translations
  • Derivative accounting
  • Fair value measurement
  • Share-based payments
  • Earnings per share

You must complete this module before taking the following:

  • ACC3004 Accounting for Decision Making and Control
  • ACC3005 Taxation
  • Year 4 Corporate Accounting Focus modules
ACC2008 Management Accounting and Control

Prerequisite(s):
ACC1001 Introduction to Financial Accounting
ACC1010 Introduction to Management Accounting

Expand your knowledge and techniques in management accounting in this module. You will focus on management control systems and standard costing systems.

Learn a broad range of contemporary topics, including:

  • Incentive compensation plans
  • Responsibility accounting
  • Multidimensional performance measures
  • Target costing and pricing decisions
  • Transfer pricing

You must complete this module before taking Year 4 Management Accounting Focus modules.

ACC2103 Company and Securities Law

Prerequisite(s): ACC1004 Business Law

Through this module, you will develop a working knowledge of the procedural and substantive elements of company law in Singapore. This is essential to the work of accountants and finance practitioners.

Learn the fundamental aspects of laws related to:

  • Company formation
  • Membership and rights of members
  • Directorship and management
  • Finance
  • Insolvency
  • Liquidation

The module will also cover other methods of resolving civil and commercial disputes, such as negotiation, arbitration and mediation

ACC2105 Investment and Risk Analysis

Prerequisite(s):
ACC1005 Foundations of Finance
ACC1106 Quantitative Analysis

This module is designed to help you understand core concepts in finance and how to apply them to make better investment decisions.

You will focus on learning asset allocation (an investment strategy to balance risk and returns) and the practical applications of investment theory.

Topics covered include:

  • Market efficiency
  • Risk and return
  • Empirical behaviour of share prices and returns
  • Fundamental analysis of equities
  • Portfolio analysis
  • Asset pricing models
  • Behavioural finance (i.e. the psychology of finance)
  • Asset price bubbles

You must complete this module before taking the following:

  • ACC3006 Business Valuation and Analysis
  • Year 4 Applied Finance Focus modules
ACC2901 Value Added Programme 1 (Essentials of an Auditor)

This module should be enrolled together with ACC2904 Career and Professional Development 1 (Career Development Skills).

You will learn the life skills that a professional auditor should know and be familiar with before they enter the practice.

This module is specially designed to go beyond the textbook knowledge that accounting students are expected to develop in university.

Topics covered include:

  • Professional etiquette
  • Simulated audit engagements
  • Ethics
  • Conflict of interest and clients’ retention
  • Challenges in an audit engagement

You must complete this module before taking ACC3001 Integrated Work Study Programme.

ACC2904 Career and Professional Development 1 (Career Development Skills)

This module should be enrolled together with ACC2901 Value Added Programme 1 (Essentials of an Auditor).

This is the first of three compulsory value-added programmes that are designed to help you move more easily from university life into a real work environment.

For this module, you will attend a series of workshops that will increase your chances of gaining employment.

Topics covered include:

  • Writing a resume and cover letter
  • Interview skills
  • Personal grooming
  • Professional presence and communication skills

You must complete this module before taking ACC3001 Integrated Work Study Programme.

ACC3901 Value-Added Programme 3 (Spreadsheet Application Tools)

Spreadsheet skills are essential in a variety of accounting settings, including auditing and reporting. In this module, you will develop intermediate-level Excel skills and be able to manipulate spreadsheets effectively.

Topics covered include:

  • Text and financial functions
  • Lookups
  • PivotTable
Year 3
ACC3001 Integrated Work Study Programme

Prerequisite(s):
ACC2001 Financial Accounting
ACC2002 Auditing
ACC2901 Value Added Programme 1 (Essentials of an Auditor)
ACC2904 Career and Professional Development 1 (Career Development Skills)

Go to work at one of SIT’s partner companies for eight months and apply what you have learned in the classroom in a professional work environment. As you experience real-world constraints, you will learn to adapt and come up with innovative and creative solutions.

The extended work attachment gives you more time to develop specialist skills. It also allows you to showcase your suitability as a potential employee and decide if the organisation is a good place to work in.

You must complete this module before taking modules for any of the focus areas in Year 4.

ACC3002 Accounting Financial Modelling

You must have enrolled in ACC3001 Integrated Work Study Programme before taking this module.

In this module, learn how to use various spreadsheet and data analytics tools to prepare a summary of expenses and earnings. A company can use such reports for analysis, decision-making and forecasting purposes.

You will also gain the skills to determine financial and operating leverage, identify break-even points, and perform capital budgeting.

ACC3004 Accounting for Decision Making and Control

Prerequisite(s):
ACC1001 Introduction to Financial Accounting
ACC1012 Regulatory Framework of Accounting
ACC2001 Financial Accounting
ACC2007 Company Accounting

Through this module, you will develop the ability to critically evaluate contemporary accounting issues and to understand the challenges facing the accounting profession.

Explore established accounting theories to gain insight into the principles and concepts that underpin both accounting practice and regulation.

Topics covered include:

  • Regulation
  • Measurement issues
  • Normative theories
  • Positive accounting theory
  • Systems theories
  • Corporate social responsibility reporting

You must complete this module before taking Year 4 Corporate Accounting Focus modules.

ACC3005 Taxation

Prerequisite(s):
ACC1001 Introduction to Financial Accounting
ACC1012 Regulatory Framework of Accounting
ACC2001 Financial Accounting
ACC2007 Company Accounting

The module introduces you to two principal taxes in Singapore – income tax and the Goods & Services Tax (GST). Understand how the local tax system works, and gain insights into the roles and responsibilities of working in the tax industry.

Topics covered include:

  • Basic tax concepts such as taxable income, tax deductions and capital allowances
  • Preparation of tax computations
  • How to identify tax planning opportunities and apply them

You must complete this module before taking Year 4 Taxation Focus modules.

ACC3006 Business Valuation and Analysis

Prerequisite(s):
ACC1005 Foundations of Finance
ACC1106 Quantitative Analysis
ACC2105 Investment and Risk Analysis

In this module, study the techniques of financial statements analysis, which is key to understanding a company’s overall health.

You will also explore the reliability and quality of publicly available information that external parties use to evaluate a company and predict its future financial performance.

Topics covered include:

  • Strategic analysis
  • Financial analysis
  • Forecasting
  • Valuation theory and concepts
  • Valuation implementation
  • Equity security analysis
  • Credit analysis
  • Distress prediction

You must complete this module before taking the following:

  • Year 4 Applied Finance Focus modules
  • Year 4 Corporate Accounting Focus modules
ACC3007 Change Management

You are advised to enrol in this module only after completing the first four months of IWSP (ACC3001) or all level 2 core modules.

How and why does change occur? What can we do to anticipate, encourage and maintain change?

This module examines the challenges and opportunities presented by changes in science, technology, society and organisations.

Topics covered include:

  • Disruptive technologies and cultural globalisation
  • Urbanisation and gentrification
  • Financial change and economic globalisation
  • Organisational change models
  • Managing resistance to change
  • Influencing change
ACC3904 Art of Communication

This module focuses on honing your questioning, listening and writing skills.

You will begin by understanding what it takes to be an effective interviewer, covering topics such as:

  • The importance of cultivating professional scepticism
  • Considerations before, during and after interviews
  • Strategic questioning techniques
  • How to build rapport in interviews

In the second half of the module, take on the perspective of a specific company as you practise writing a business email and a recommendation report.

Year 4: Audit Focus
ACC3101 Internal Audit

Prerequisite(s): ACC3001 Integrated Work Study Programme

Get a good grasp of the fundamentals of conducting internal audits in line with industry best practices.

You will also learn about the role of data analytics in internal audits, including the use of anomaly detection, diagnostic analysis, predictive analysis and text analysis.

This module is designed with reference to professional certification requirements by the Institute of Internal Auditors.

ACC3102 Advanced Auditing

Prerequisite(s): ACC3001 Integrated Work Study Programme

The module examines advanced auditing concepts and complex issues faced by auditors, such as those related to revenue recognition, fair value estimates and group accounts.

You will study in detail the audit of entities in specialised industries such as real estate, oil and gas, technology, construction and financial services.

Other topics covered in this module are:

  • Review of historical financial information
  • Examination of prospective financial information
  • Compilation of pro-forma financial information for a prospectus
ACC3103 Forensic Auditing and Risk Management

Prerequisite(s): ACC3001 Integrated Work Study Programme

Explore various forensic accounting investigative approaches, including forensic data analytics, and how they are used to uncover white-collar crimes.

You will learn to use computer-assisted audit tools and techniques to:

  • Perform audit tests
  • Identify red flags in data
  • Interpret the ensuing audit results
  • Recommend appropriate responses to help mitigate or prevent various fraud schemes

This module will help you develop the skills to contribute to future fraud auditing projects or move towards a career in forensic investigation.

ACC3008 Accounting Capstone with Data Analytics

You must have completed ACC3001 Integrated Work Study Programme before taking this module. This module is enrolled together with your focus area.

This module offers you an opportunity to put theory into practice and try your hand at using data analytics tools, such as data visualisation, for problem-solving.

Working with your peers in groups of five, you will use your accounting knowledge and data analytics to solve an accounting problem in a practical manner.

ACC3010 Regional Exposure to Accounting Practice (REAP)

Widen your perspective and discover cultural, economic and social nuances in the Asia Pacific.

Through an overseas immersion programme, you will have the chance to interact with academic faculty, students and industry partners from around the region.

ACC3109 Integrative Business Management

You must have completed ACC3001 Integrated Work Study Programme before taking this module. This module is enrolled together with your focus area.

Using the Capstone Business Simulation (CAPSIM), learn how to develop and implement appropriate business strategies in a highly competitive business environment.

In the simulation, you will be tasked with managing a multi-million dollar company. This requires you to make coordinated and effective strategic decisions by considering issues such as:

  • Development and life cycle of a product
  • Production and capacity constraints
  • Marketing
  • Budgeting
  • Sales forecasting
  • Profitability analysis
  • Resource allocation
  • Capital-raising
  • Human resource management

 

Year 4: Tax Focus
ACC3201 Advanced Taxation

Prerequisite(s):
ACC3001 Integrated Work Study Programme
ACC3005 Taxation

Learn how taxation can affect financial decisions that businesses and individuals make in managing their tax planning and risk management objectives.

Other topics covered:

  • New Goods & Services Tax (GST) treatments, including the introduction of GST on digitised goods and services
  • The concept of stamp duty and its implications on business transactions
ACC3202 Transfer Pricing

Prerequisite(s):
ACC3001 Integrated Work Study Programme
ACC3005 Taxation

Gain an understanding of Transfer Pricing (TP) and how to apply TP considerations to a global corporation’s tax planning strategies.

Through understanding the OECD/G20 Base Erosion and Profit Sharing (BEPS) Project, you will also:

  • Learn how to manage various type of risks arising from TP.
  • Identify and evaluate the latest trends and thinking on ethical and professional issues in the current international tax environment.
ACC3203 Regional Tax and International Tax Planning

Prerequisite(s):
ACC3001 Integrated Work Study Programme
ACC3005 Taxation

Gain a firm understanding of cross-border tax planning for multinational companies (MNCs) and learn about local and regional tax laws.

Topics covered include:

  • How to apply legitimate tax planning measures to minimise an MNC’s tax liabilities in a tax-effective and ethical manner
  • Court judgements in recent major tax cases and their impact on MNCs’ overall strategies to manage their tax risks
  • The latest trends and thinking on ethical and professional issues related to tax planning
ACC3008 Accounting Capstone with Data Analytics

You must have completed ACC3001 Integrated Work Study Programme before taking this module. This module is enrolled together with your focus area.

This module offers you an opportunity to put theory into practice and try your hand at using data analytics tools, such as data visualisation, for problem-solving.

Working with your peers in groups of five, you will use your accounting knowledge and data analytics to solve an accounting problem in a practical manner.

ACC3010 Regional Exposure to Accounting Practice (REAP)

Widen your perspective and discover cultural, economic and social nuances in the Asia Pacific.

Through an overseas immersion programme, you will have the chance to interact with academic faculty, students and industry partners from around the region.

ACC3109 Integrative Business Management

You must have completed ACC3001 Integrated Work Study Programme before taking this module. This module is enrolled together with your focus area.

Using the Capstone Business Simulation (CAPSIM), learn how to develop and implement appropriate business strategies in a highly competitive business environment.

In the simulation, you will be tasked with managing a multi-million dollar company. This requires you to make coordinated and effective strategic decisions by considering issues such as:

  • Development and life cycle of a product
  • Production and capacity constraints
  • Marketing
  • Budgeting
  • Sales forecasting
  • Profitability analysis
  • Resource allocation
  • Capital-raising
  • Human resource management

 

Year 4: Corporate Accounting Focus
ACC3301 Advanced Company Accounting

Prerequisite(s):
ACC3001 Integrated Work Study Programme
ACC3004 Accounting for Decision Making and control
ACC3006 Business Valuation and Analysis

This module is meant for students who expect to become Chartered Accountants. It will integrate most of the topics covered in earlier financial accounting modules within the context of group accounting.

You will tackle the most complex issues in financial accounting, such as:

  • business combinations
  • group accounting
  • foreign currency-based transactions
  • financial instruments
  • earnings per share
ACC3302 Fraud, Ethics and Forensic Accounting

Prerequisite(s):
ACC3001 Integrated Work Study Programme
ACC3004 Accounting for Decision Making and control
ACC3006 Business Valuation and Analysis

Acquire essential knowledge and technical skills for detecting and investigating fraud. These include methods and techniques for analysis and investigation that forensic accountants frequently use.

Through this module, you will be challenged to develop an inquisitive and questioning mindset that is essential to becoming a good forensic accountant.

ACC3303 Corporate Reporting and Financial Analysis

Prerequisite(s):
ACC3001 Integrated Work Study Programme
ACC3004 Accounting for Decision Making and control
ACC3006 Business Valuation and Analysis

This module is meant for students who expect to become Chartered Accountants.

Adopting the viewpoint of a corporate treasurer/preparer, you will learn:

  • Tools to analyse company financial statements and value companies
  • The relationships among the various components of a financial statement
  • Accounting for derivatives used in risk management and remuneration
ACC3008 Accounting Capstone with Data Analytics

You must have completed ACC3001 Integrated Work Study Programme before taking this module. This module is enrolled together with your focus area.

This module offers you an opportunity to put theory into practice and try your hand at using data analytics tools, such as data visualisation, for problem-solving.

Working with your peers in groups of five, you will use your accounting knowledge and data analytics to solve an accounting problem in a practical manner.

ACC3010 Regional Exposure to Accounting Practice (REAP)

Widen your perspective and discover cultural, economic and social nuances in the Asia Pacific.

Through an overseas immersion programme, you will have the chance to interact with academic faculty, students and industry partners from around the region.

ACC3109 Integrative Business Management

You must have completed ACC3001 Integrated Work Study Programme before taking this module. This module is enrolled together with your focus area.

Using the Capstone Business Simulation (CAPSIM), learn how to develop and implement appropriate business strategies in a highly competitive business environment.

In the simulation, you will be tasked with managing a multi-million dollar company. This requires you to make coordinated and effective strategic decisions by considering issues such as:

  • Development and life cycle of a product
  • Production and capacity constraints
  • Marketing
  • Budgeting
  • Sales forecasting
  • Profitability analysis
  • Resource allocation
  • Capital-raising
  • Human resource management

 

Year 4: Management Accounting Focus
ACC3401 Issues in Management Accounting

Prerequisite(s):
ACC1010 Introduction to Management Accounting
ACC2008 Management Accounting and Control
ACC3001 Integrated Work Study Programme

In this module, you will delve deeper into contemporary issues in management accounting and cost accounting.

Gain insights into the modern business environment as you study various concepts and strategies that companies adopt to assist with decision-making. These include:

  • Total Quality Management
  • Just in Time production
  • Advanced variances
  • Costing techniques such as value chain analysis and lifecycle costing
  • Learning curve
  • Transfer pricing in the multinational setting
  • Pricing strategies
  • Risk management
  • Collecting and using of information
ACC3402 Strategic Management Accounting

Prerequisite(s):
ACC1010 Introduction to Management Accounting
ACC2008 Management Accounting and Control
ACC3001 Integrated Work Study Programme

Find out what strategic management accounting tools and techniques organisations are using. You will consider questions such as:

  • When and why do companies use these tools and techniques?
  • What are their advantages and disadvantages?
ACC3403 Strategic Planning and Budgeting

Prerequisite(s):
ACC1010 Introduction to Management Accounting
ACC2008 Management Accounting and Control
ACC3001 Integrated Work Study Programme

This module prepares you to assess challenges that management face in planning, execution and control of a company. This will allow you to perform an integral role in an organisation’s strategic management.

You will analyse best practices and learn about the relationships and performance measures of specific management functions that support strategy.

Topics covered include:

  • Operations management
  • Project management
  • Budget planning
  • Finance management
  • Human resource management
ACC3010 Regional Exposure to Accounting Practice (REAP)

Widen your perspective and discover cultural, economic and social nuances in the Asia Pacific.

Through an overseas immersion programme, you will have the chance to interact with academic faculty, students and industry partners from around the region.

ACC3109 Integrative Business Management

You must have completed ACC3001 Integrated Work Study Programme before taking this module. This module is enrolled together with your focus area.

Using the Capstone Business Simulation (CAPSIM), learn how to develop and implement appropriate business strategies in a highly competitive business environment.

In the simulation, you will be tasked with managing a multi-million dollar company. This requires you to make coordinated and effective strategic decisions by considering issues such as:

  • Development and life cycle of a product
  • Production and capacity constraints
  • Marketing
  • Budgeting
  • Sales forecasting
  • Profitability analysis
  • Resource allocation
  • Capital-raising
  • Human resource management

 

ACC3008 Accounting Capstone with Data Analytics

You must have completed ACC3001 Integrated Work Study Programme before taking this module. This module is enrolled together with your focus area.

This module offers you an opportunity to put theory into practice and try your hand at using data analytics tools, such as data visualisation, for problem-solving.

Working with your peers in groups of five, you will use your accounting knowledge and data analytics to solve an accounting problem in a practical manner.

Year 4: Applied Finance Focus
ACC3501 Derivatives: Markets and Products

Prerequisite(s):
ACC2004 Corporate Finance
ACC2105 Investment and Risk Analysis
ACC3001 Integrated Work Study Programme
ACC3006 Business Valuation and Analysis

With companies looking for new ways to manage risk and derivative instruments becoming common in business transactions, it is important for you to understand how to valuate these instruments. 

Build a strong foundation in the principles and fundamentals of pricing and trading derivatives. In particular, you will acquire working knowledge of:

  • Futures, options, swaps, and credit derivatives
  • The Bloomberg functions needed to analyse these products
ACC3502 Applied Financial Management

Prerequisite(s):
ACC2004 Corporate Finance
ACC2105 Investment and Risk Analysis
ACC3001 Integrated Work Study Programme
ACC3006 Business Valuation and Analysis

This module expands on your finance knowledge and focuses on financial policy decisions for firms operating in a multinational environment.

Examine the functions of multinational corporations (MNCs) and review international monetary systems.

You will also learn about the unique considerations MNCs have with regards to:

  • International financial management
  • Foreign exchange risk
  • Interest rate risk
  • Country risk
  • Multinational capital budgeting
  • Multinational financing and capital structure
  • Evaluating multinational projects
ACC3503 Financial Institutions and Markets

Prerequisite(s):
ACC2004 Corporate Finance
ACC2105 Investment and Risk Analysis
ACC3001 Integrated Work Study Programme
ACC3006 Business Valuation and Analysis

This module introduces Singapore’s financial system, including the country’s central bank and its prudential regulations.

You will also explore issues related to international banking, as well as study current developments in banking.

Topics include:

  • Bank risk management
  • Asset and liability structures
  • Securitisation
  • Bank performance analysis
  • Capital adequacy provisions on bank lending policies
  • Financial crises
  • Alternative banking models such as Islamic banking and micro-credit financing
ACC3008 Accounting Capstone with Data Analytics

You must have completed ACC3001 Integrated Work Study Programme before taking this module. This module is enrolled together with your focus area.

This module offers you an opportunity to put theory into practice and try your hand at using data analytics tools, such as data visualisation, for problem-solving.

Working with your peers in groups of five, you will use your accounting knowledge and data analytics to solve an accounting problem in a practical manner.

ACC3010 Regional Exposure to Accounting Practice (REAP)

Widen your perspective and discover cultural, economic and social nuances in the Asia Pacific.

Through an overseas immersion programme, you will have the chance to interact with academic faculty, students and industry partners from around the region.

ACC3109 Integrative Business Management

You must have completed ACC3001 Integrated Work Study Programme before taking this module. This module is enrolled together with your focus area.

Using the Capstone Business Simulation (CAPSIM), learn how to develop and implement appropriate business strategies in a highly competitive business environment.

In the simulation, you will be tasked with managing a multi-million dollar company. This requires you to make coordinated and effective strategic decisions by considering issues such as:

  • Development and life cycle of a product
  • Production and capacity constraints
  • Marketing
  • Budgeting
  • Sales forecasting
  • Profitability analysis
  • Resource allocation
  • Capital-raising
  • Human resource management

 

Campus Location
SIT@Dover
SIT@Dover

10 Dover Drive
Singapore 138683