Prog Level_ERCI

Advanced Diploma in Accounting & Finance


The Advanced Diploma in Accounting and Finance enables the students working in the industry to attain the thinking skills, creative ability and technical knowledge needed to become professionals in their chosen field of accounting and finance, taking into account the context of their work and the ever changing global environment. Students learn to be flexible and sensitive to the dynamic changes in financial trends, as well as the needs of the industry and their clients.

ERCI runs its classes on a lecture-tutorial system. The average teacher-student ratio for lectures and tutorials are as follows:

  • Lectures – 150 Students to 1 Lecturer
  • Tutorials – 35 Students to 1 Tutor
Academic Progression


Upon completion of the Advanced Diploma in Accounting & Finance, students will be eligible for entry into the final year of the Bachelor of Arts (Honours) in Accounting & Finance programme offered by University of Greenwich.

Course Delivery

Students undertaking the Advanced Diploma in Accounting and Finance programme will be expected to complete 13 modules of academic study over 8 semesters. This programme is available on both full and part time basis, and will take 20 months to complete. Full-time students will attend classes 5 days a week on weekdays, while part-time students will attend classes 3 times a week on weekdays and/or on weekends.

Course structure
Accounting & Finance
Year 1 ModulesERCBA 101 Business Communication
ERCBA 102 Principles of Management
ERCBA 105 Principles of Accounting
ERCBA 210 Principles of Economics
ERCBA 106 Principles of Finance
ERCBA 109 Quantitative Methods for Business & Management
ERCAF 221 Business & Company Law
ERCBA 218 Cost Accounting
Year 2 ModulesERCBA 215 Banking & Financial Institutions
ERCBA 211 Business Ethics & Social Responsibility
ERCAF 223 Taxation
ERCAF 224 Management Accounting
ERCAF 222 Advanced Financial Accounting

Module Descriptions

Year One

This course focuses on the key business communication skills necessary for the effective and efficient operations in today’s complex business environment. Students will be introduced to basic communication concepts and principles, and will develop an understanding of the importance of both verbal and non-verbal communications skills. Students will have opportunities to apply their newly acquired communication skills in small and larger group settings and in creating effective documents appropriate to different business contexts.

This course explores the processes and functions of management. Students will be given the opportunity to explore traditional and modern management theory and the Planning, Organization, Leadership and Control (POLC) approach to management. The course will promote an understanding of management from a holistic perspective and will examine local, international and global management practices.

This course aims to provide students with a solid foundation in the dynamic and growing field of accounting. Students will be introduced to the double-entry bookkeeping and the process of completing the Accounting cycle. Cash, Receivables, Inventory system, and Fixed Assets will be discussed in details in this course.

This course provides an introduction to the theory and practice of contemporary microeconomics. It focuses on how individuals and societies deal with fundamental economic problems of scarcity. Several tools and concepts are discussed in this module such as: demand and supply analysis, marginal analysis and opportunity cost. Introductory concepts allow students to have discussions on policy issues and understand how government works to correct alternative types of market failure. Macroeconomics is the study of aggregate economic variables, the economy as a whole. This is in contrast to microeconomics, the study of the economic behavior of individual consumers, firms, and industries. This module will study how economists model the relationships between aggregate economic variables and examine how various fiscal and monetary policies can affect the results. The main goal of this module will be to improve students’ economic literacy and ability to apply economic models to analyze.

This is an introductory course of corporate finance. Students who aim to have some knowledge in financial management will learn some basic concepts of investment decisions and financing decisions. Acquiring the right decisions today will determine the success of the business in the future. The students will also be introduced to some market players and various types of financial instruments. Furthermore, how to estimate the intrinsic value of the financial instruments will be another challenging part of the course.

This course aims to provide student a foundation in some quantitative methods. It is very useful for student as a grounding when doing research at a higher level of study. At the end of the course, the student should be able to interpret basic report of statistics and calculate the regression equation.

This course is designed under two headings to provide students with an appreciation and understanding of the legal system in Singapore, its impact on business and ways to resolve business disputes. Under the Business Law segment students will gain an understanding into how law operates in the modern world from a business context, This part of the module will cover the fundamentals contract law, sale of goods, law of agency, law of tort, rights and obligations under employment law and the legal framework for business organizations. The Company Law segment aims to cover the essential elements such as members, company officers, the role of directors, winding up, and judicial management.

The focus of cost accounting will be emphasized on the concept of cost classification according to cost purposes. The course provides some introductory about the role of accountant and some terminologies and purposes of cost. Cost-volume profit analysis, Job Costing, Activity-Based Costing and Activity-Based Management, budgeting, direct-cost variances, overhead-cost variances, inventory costing and capacity analysis are other core discussion in this course providing students an understanding of both concept and computation skills.

Year Two

This module is designed to provide students with the basic concepts of financial system, payment system, and financial instruments. The focus of the module will be highlighted on the fundamental of bank management, structure of the bank, regulating the financial system, as well as the roles of central bank. As bank is not the only financial firms today, the course will also promote some understandings about other financial institutions as non-depository institutions and how it operates in the financial markets.

The module is designed to provide students with an appreciation and understanding of Business Ethics and Corporate Social Responsibility. From the time Enron Corporation collapsed in 2001, business ethics, corporate governance and corporate social responsibility have seldom strayed from the front pages of the press. The objective of this module is to ensure students incorporate an ethical framework when making responsible business decisions that will be very useful for future growth of their respective organizations.

The aim of the course is to equip a learner with the means by which they can understand how individuals and businesses are affected by the legal environment in which they operate. By the end of the course, a learner should be able to understand the legal principles of business and company law, apply business and company law principles to fact based legal problems and finally examine and reflect on current legal issues in business and company law, in particular electronic trading, corporate governance and social accountability and the reforms of the Companies Act 2006.

The course aims to develop the costing and budgeting techniques introduced in Cost Accounting. It improves the students’ understanding of the accounting techniques used for business planning, control and decision making. Students will not only be asked to demonstrate their ability to answer numeric questions but to explain their solutions and methods and to appreciate the issues underlying their practical application.

This module builds on the knowledge which students obtained in Principles of Accounting. In Advanced Financial Accounting, the students will apply accounting standards and the theoretical framework in the preparation of the financial statements of entities, including groups. They will learn to how analyze and interpret those financial statements.

Course Availability

Intakes for the Advanced Diploma in Accounting & Finance programme are available 5 times a year. All applications should be submitted to ERCI no later than 1 month before the commencement date.

Assessment Framework

Courses are assessed by a combination of coursework, practical assignments and examinations. Unless otherwise stated, all modules within the Advanced Diploma in Accounting & Finance programme are assessed based on the 50% Exam component with the rest of the 50% based on individual assignments, class tests, quizzes and group assignments.

Entry Requirements
Programmes Local Singaporean/PR Student International Student Remarks
Advanced Diploma in Accounting and Finance
  • Minimum C6 in English Language at GCE ‘O’ Level
  • Minimum 2 GCE ‘A’ Level Credits (Grade D and above) Note: [must exclude all Languages]
  • Local Polytechnic Students will be exempted from Year 1 Study
  • Equivalent of Year 12 from the respective home country of the applicants
  • ELTS 5.5 or regional equivalent
  • Applicants should be at least 17 years of age at the time of registration

All applications are subject to the Institute’s assessment of eligibility for entry into the programme.

Graduation Requirements

Students must pass all prescribed modules in the Advanced Diploma programme with a minimum grade of P (Pass).

Course Fees

For a full listing of course fees and other charges, please select one of the following:

Fees Payable for Local Applicants
Fees Payable for International Applicants

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