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:
- Analyse Define basic economic principles and reflect about the world economically
- Apply concepts and principles to explain and analyze individual, firm and the macro economy
- Understand economic fluctuation, role of central bank and impacts of government policies
- Distinguish the significance of an economy in relation to rest of world
- Undertake critical assessment of current economic issues
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 |
Introduction to Economics
Comparative Advantage |
| 2 |
Introduction to Supply and Demand
Elasticity of Supply and Demand |
| 3 |
Elasticity of Supply and Demand
Demand |
| 4 |
Perfect Competitive Supply |
| 5 |
Imperfect Markets: Oligopoly, Monopolistic Competition and Monopoly |
| 6 |
Games and Strategic Behavior |
| 7 |
Recess Week |
| 8 |
Gross Domestic Product (GDP) and unemployment
Price level and Inflation |
| 9 |
Short-Term Economic Fluctuations
Aggregate Demand and Aggregate Supply (AD-AS) |
| 10 |
Monetary Policy and the Central Bank
Spending, Output, and Fiscal Policy |
| 11 |
Spending, Output, and Fiscal Policy
Exchange Rates and the Open Economy |
| 12 |
Review 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.
