Overview
Accounting is the language of business. The Introduction to Financial Accounting module introduces the basic concepts and principles of accounting, performs the bookkeeping for the accounting cycle in a double entry system for service and trading entities and highlights key accounting concepts affecting the preparation of company accounts. There is no assumption of prior accounting knowledge.
What You’ll Learn
After successfully completing this module you should be able to:
- Describe the concepts and principles underlying financial accounting.
- Apply how business transactions are measured, recorded and reported
- Interpret how business transactions affect the financial statements
- Analyze and interpret financial statements..
- Explain current issues and trends in accounting.
Who Should Attend
Singaporean students who are unable to return to their overseas university due to Covid-19 situation
SITizens Learning Credits (SLC) - Eligible Course
SIT Alumni: Before registering for courses, please activate your
SITizens Learning Credits via the email sent by SIT Alumni Team, on behalf of SITLEARN Professional Development.
CLICK HERE TO APPLY (only for SIT Alumni)
Certificate and Assessment
A Certificate of Participation will be issued to participants who:
- Attend at least 75% of the workshop
- Complete the Continual Assessemnt.
A Certificate of Attainment will be issued to participants who
- Attend 75% of the module, and
- Complete and pass the Continual Assessemnt
Schedule
| Week |
Topics |
| 1 |
Module introduction
Conceptual framework and Financial Statements |
| 2 |
Recording Business Transaction I |
| 3 |
Recording Business Transaction II
Accrual Accounting I |
| 4 |
Accrual Accounting II |
| 5 |
Inventory and Merchandizing Operations |
| 6 |
Presentation of Financial Statements |
| 7 |
Recess Week |
| 8 |
The Statement of Cash Flows |
| 9 |
Internal Controls, Cash and Receivables |
| 10 |
PPE and Intangibles |
| 11 |
Liabilities |
| 12 |
Shareholders’ Equity
Financial Statement Analysis |
| 13 |
Revision Lecture |
Exact schedule will be sent once accepted into the course.
Fees
| Category |
Full Fee |
After SF Funding |
After SF Mid-Career
Enhanced Subsidy |
| Singapore Citizen (Below 40) / Singapore PR |
$3,033.45 |
$910.04* |
Not Eligible |
| Singapore Citizen (40 & above) |
$3,033.45 |
$910.04 |
$$343.04* |
| Non-Singaporeans |
$3,033.45 |
Not Eligible |
Not Eligible |
Note:
- All figures include GST. GST applies to individuals and Singapore-registered companies.
- You can opt for either SkillsFuture Funding or Mid-Career Enhanced Subsidy. Both cannot be combined.
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Learn more about funding types available
Terms & Conditions:
SkillsFuture Funding
In order to be eligible for the 70% training grant awarded by SkillsFuture, applicants (and/or their sponsoring organisations where applicable) must:
- Be a Singaporean Citizen or Singapore Permanent Resident
- Not receive any other funding from government sources in respect of the actual grant disbursed for the programme
SkillsFuture Mid-Career Enhanced Subsidy
To be eligible for the 90% enhanced subsidy awarded, applicants (and/or their sponsoring organisations where applicable) must:
- Be a Singaporean Citizen
- Be at least 40 years old
- Not receive any other funding from government sources in respect of the actual grant disbursed for the programme
SIT reserves the right to collect the balance of the programme fees (i.e. the potential grant amount) directly from the applicants (and/or their sponsoring organisations where applicable) should the above requirements not be fulfilled.
SIT reserves the right to make changes to published course information, including dates, times, venues, fees and instructors without prior notice.
