Learn the fundamentals of financial accounting and business analysis. Prepare key financial statements, apply ratio analysis, and explore how AI and technology are transforming real-time reporting, forecasting, and fraud detection.
Overview
This module covers the fundamentals of financial accounting and the interpretation of financial statements, crucial for any business manager. Students learn the accounting cycle – recording transactions, adjusting entries, and preparing key financial statements (Income Statement, Balance Sheet, Cash Flow Statement). With this foundation, they move into financial analysis, using tools like ratio analysis to evaluate a company’s performance and financial health. The module emphasizes practical skills like reading annual reports and making business decisions based on financial data. It also introduces the growing role of technology: how accounting software and AI-powered analytics are automating bookkeeping, detecting anomalies (fraud detection), and enabling real-time financial reporting. By mastering accounting principles and analytical techniques, students will be able to derive meaningful insights from financial data and support strategic business decisions.
The Details
FOR SKILLSFUTURE CLAIMS
Registered Title: (Financial Accounting and Analysis
(Classroom & Asynchronous))
TPGateway Code:
total hours
41:00
Mode of Learning
On Campus
Curriculum
Course Duration
SSG Approved Training & Assessments Hours:41:00Trainer Facilitated Hours (On Campus/Virtual):32:00Self-Directed E-learning Hours:04:00Assessment Hours:05:00
Programme Objectives
Upon completion of this module, students will be able to:
Understand and apply basic accounting principles, including the double-entry system and the accounting equation (Assets = Liabilities + Equity).
Prepare fundamental financial statements (profit & loss statements, balance sheets, and cash flow statements) for a simple business scenario and explain the purpose of each statement.
Perform financial statement analysis using ratios (such as liquidity, solvency, and profitability ratios) and interpret the results to assess business performance and inform decision-making.
Recognize the role of technology in accounting, by exploring how software tools and AI applications improve efficiency and accuracy in financial reporting, forecasting, and compliance.
Course Topics
Accounting Principles & Cycle
Learning Outcome: Introduction to GAAP/IFRS basics, recording business transactions in journals and ledgers, accrual vs. cash accounting, and completing an accounting cycle (trial balance, adjustments, closing entries).
Financial Statements
Learning Outcome: Structure and components of the Income Statement (revenues, expenses, net profit), Balance Sheet (assets, liabilities, equity), and Cash Flow Statement (operating, investing, financing cash flows). Students practice preparing and linking these statements for a case company.
Financial Analysis Techniques
Learning Outcome: Ratio analysis (current ratio, debt-equity, gross/net profit margins, return on investment, etc.), horizontal and vertical analysis of financial statements, and cash flow analysis. Interpreting what the numbers say about liquidity, profitability, and solvency.
Budgeting and Forecasting
Learning Outcome: Basics of creating a budget, variance analysis, and how businesses forecast financial performance.
Accounting Software & AI in Finance
Learning Outcome: Overview of popular accounting information systems (e.g., QuickBooks, Xero) and how they automate entries and reporting. Introduction to AI use cases such as automated invoice processing, anomaly detection in transactions (for fraud prevention), and predictive analytics for financial forecasting. Discussion of emerging trends like real-time dashboards and the potential for AI-driven financial advisory (robo-advisors).
Ethics and Governance
Learning Outcome: Importance of ethical standards in accounting (transparency, avoiding earnings manipulation) and awareness of regulatory compliance (auditing, financial regulations). (Ethical considerations are woven through scenarios and case studies.)
To enrol, you must fulfil the following requirements
1
AGED 16 YEARS AND ABOVE
and
2
GCE ‘O’ LEVEL CREDITS WITH MINIMUM GRADE C6 FOR 3 SUBJECTS, INCLUDING ENGLISH AND MATHEMATICS;
OR
3
WSQ ADVANCED CERTIFICATE IN ANY FIELD;
OR
4
ADVANCED CERTIFICATE IN A BUSINESS MANAGEMENT – RELATED FIELD (E.G., ACCOUNTING, PROJECT MANAGEMENT, HUMAN RESOURCES, ETC.) FROM ANY PRIVATE EDUCATION INSTITUTION (PEI);
OR
5
HIGHER NITEC
and
6
ALL STUDENTS ARE REQUIRED TO HAVE BASIC KNOWLEDGE OF COMPUTER AND MICROSOFT OFFICE.
Graduation
To graduate, you must fulfil the following requirements
1
International Students
To enrol, you must fulfil the following requirements
1
AGED 16 YEARS AND ABOVE
and
2
FORMAL INTERNATIONAL YEAR 10 EDUCATION;
OR
3
QUALIFICATIONS FROM PROFESSIONAL INSTITUTES MAY BE CONSIDERED ON A CASE-BY-CASE BASIS;
and
4
PASS TEMBUSU ENTRANCE TEST
and
5
English Requirements: Possess a minimum credit in English at GCE ‘O’ Level or its equivalent OR IELTS score 5.5 or TOEFL score 46
OR
6
PASS TEMBUSU'S ENGLISH TEST
and
7
ALL STUDENTS ARE REQUIRED TO HAVE BASIC KNOWLEDGE OF COMPUTER AND MICROSOFT OFFICE.
Graduation
To enrol, you must fulfil the following requirements
