Accounting and Finance for Decision Making
This subject concerns the use of accounting information for management planning. It emphasises product costing. Topics covered include elements of costing, absorption and marginal costing, cost-volume-profit analysis and standard costing. It also focuses on the use of accounting information for planning and control and decision-making. Topics include relevant costing, performance evaluation involving return on investment, transfer pricing, and budgetary control.
The subject also reinforces the dynamic nature of the markets and rapid developments in the financial system, the module will attempt to use example and cases to highlight the role of financial markets and financial intermediaries
and the main players in the financial system. The subject is designed to provide students with a basic understanding of the cash flow statements, the management of capital expenditure and short and long-term sources of finance.
On successful completion of this subject, the student will be able to:
• Identify how accounting information helps decision makers.
• Explain when it is beneficial for a company to use financial leverage.
• Identify information that companies report about obligations to lenders and explain the transaction affecting long-term debt.
• Discuss how strategic and operational planning uses accounting information.
• Understand the use of cost-volume-profit analysis in managerial decision-making.
• Explain how budgets influence strategic decisions.
• Identify various organisational levels within a company and explain how performance at each level may be evaluated.
• Explain the historical context in which returns on investment was developed.
• Discuss various transfer-pricing methods that have been developed to influence managerial behaviour.
Management Theory & Application
This subject explores the processes and functions of management. It explores the essential theories. It analyses POLC. It looks at management from a holistic perspective. It covers local, international and global management practices.
Business Law
The course familiarizes the students with an overview of the legal structures regulating international business laws and enables them to apply these laws to their given profession. Students learn the various legal business structures. Dispute procedures in an international environment are addressed with a special focus on the Singapore legal system. The course also touches on such issues as contracts, human resources and employment from a legal perspective.
Mgmt from the Int'l & Comparative views
With the advent of the world wide web (www) a globalisation process happened faster than expected. For companies to truly synergise they need to understand the sociocultural and political global environments to be able
to make sustainable decisions.
Strategic Management
The subject aims to introduce the basic ideas of strategic management concepts and practices such as corporate
and business strategies, the process of strategic planning, analysis, implementation and control.
It adopts multiple perspectives or views of strategy such as the resource-based perspective, the economic perspective and the stakeholder perspective.
Real world examples will be used to illustrate the practical use of strategic management theories.
Marketing Management
This subject concerns the management of the marketing function. It builds upon the basic marketing concepts to explore in more detail the application of marketing principles and techniques. It is primarily concerned with marketing decision making.
Leadership
The course works on developing an understanding of the management and organization of a business as well as
the financial and legal aspects. Students also learn about different types of organizational structures and cultures. Challenges and global issues facing today's managers in various issues such as human resources, recruitment, cultures, and diversity are analytically discussed with studies of real life examples from the international corporate world. The course also defines leadership and the skills required for managers to exercise leadership in an effective and productive way. Critical issues such ethics in the working environment are also emphasized.
Entrepreneurship (Project)
Emphasis is placed on developing the student's ability to research and develop a sound and effective business plan.
On successful completion of this subject, the student will be able to:
• Research and evaluate the sources of advice and non-financial assistance available for
small business start-ups.
• Evaluate and select appropriate financing and legal structures for small businesses.
• Understand a range of processes for new idea generation.
• Make an effective contribution to debates on a wide range of external issues which affect
small businesses.
• Understand the critical organizational success factors for new small business.
• Develop a realistic business plan.
• Present proposals in a professional manner.
Students will also get weekly Counselling sessions with highly trained professional, who will be able to provide an added dimension and insights into the Business environment in Singapore.
Each module is assessed by a combination of some/all of the following:
- Assignments
- Quizzes
- Examinations
- Projects
- GCE ‘O' level qualification, with at least C6 for English and Mathematics, plus one more 'O' level subject or
- ITC/ITE graduates from certificate in Office Skills, Certificate in Business Studies (Accounting/Secretarial) or
- A minimum of 12 years of basic education
- Relevant diploma holders from government polytechnics and recognized educational institutions will enjoy module exemptions
Completed application forms should be accompanied by:
- 2 photocopies of academic certificates/transcripts to be certified as true copy by Hartford Institute Pte Ltd
|
University of Wales
