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.
Introduction to Wealth Management
The main areas of interest are cash flow and credit management, mutual fund/unit trust investments and retirement planning. Topics covered also include investment and insurance management, tax management and estate planning although greater emphasis on these areas will be placed on the respective modules
Financial Markets
The module emphasizes a descriptive and analytical understanding of financial markets as well as policy and structural changes in the financial sector globally. It also covers the structure of financial markets for different instruments, the range of instruments traded therein and the mechanisms facilitating trade in financial assets.
Investment Analysis
The module acquaints the students with an overview of the investment background, the developments in the investment theory and the principles and practices of valuation. A detailed analysis and management of common stocks and bonds will be introduced. The basic principles and techniques of portfolio management will be discussed.
Risk Management and Insurance
The module intends to explore the ways individuals and organizations deal with risk within a dynamic context and to familiarize students with the basic concepts of risk identification, risk evaluation and risk control. The module also introduces the fundamental issues related to insurance with the objective to reinforce knowledge and allow students to become intelligent users of insurance and risk management products.
Taxation Principles
After the completion of this course, students should have a complete understanding of the concepts and applications of tax laws and a developed ability to recognize relevant tax matters in various transactions and come up with suitable plan to minimize tax level where this is feasible.
Real Estate Principles
Upon completion of this course, students will be able to demonstrate a thorough understanding of the essential tools and principles for the analysis of both residential and commercial real estate from an investment perspective. Special emphasis will be placed upon the Singapore Real Estate market through specially selected readings from the Instructor.
Wealth Management Project
The Project will be prepared on an individual basis with weekly supervision and guidance.
The students should work on a case study or an industrial problem.
By applying the skills of research and report writing, students will develop a project plan, from initial problem definition or hypothesis, through to data collection, analysis and implementation strategies.
In the process they may have to identify project respondents for data collection, conduct interviews, undertake a literature review, develop analytical models and to develop recommendations and/or to draw conclusions based on their analyses.
The project will be presented on week 12 in the form of a report and a stand-up presentation.
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
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University of Wales
