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Diploma in Accounting
The Diploma in Accountancy (DIA) is an academic programme that leverages on a unique learning opportunity in the combined disciplines of Law, Finance and management. Students pursuing the programme will be exposed both to the rich tradition and rigor of the accounting and audit, as well as to the state-of-the-art technologies used in the fields of economics, management, marketing, finance and insurance. As such, students of the programme are expected to be competent to handle not only the common accounting transactional matters but as well to assist the accountant in managing accounting reports.

The DIA is conducted over the period of 16 months on a semester basis (for semesters). Given such academic exposure, students of the DIA, therefore, would be in advantage position to find career opportunities not only in the traditional accounting and audit practice and the government sector, but more importantly, in the private and corporate sector. As for the latter career opportunities, graduates are most encouraged to further acquire internationally recognized qualifications in the fields of accounting (ACCA; CIMA or corporate administration (ICSA)). They are encouraged to join our Bachelor in Accounting program in order to get the maximum exemption of 9 papers of ACCA after completing the study.

SUBJECT DESCRIPTION

Financial Accounting I
This course will cover on the introduction of accounting information for report purposes, e.g. principle of accounting, accounting equation, double entry regulation, and accounting cycle, accounting for fixed asset, accounting for current asset and accounting for ending period.

Financial Accounting II
This course exposes the students to the concept and application tools in a business organization. The course covers six main topics, i.e. Capital and Revenue Expenditure, Control Accounts, Cash Management and Internal Control, Bank Reconciliation Statement, Correction of Errors and Incomplete Records.

Financial Accounting III
This course covers topics on financial accounting, recording in financial statement, report and financial statement as well as accounting for inventory and assets such as hire purchase and leasing. The relevant accounting techniques to account for branch, manufacturing, non-profit organization and partnerships are also included.

Financial Accounting IV
After being exposed to principle of accounting and understand the concept of accounting as a business language, students will be introduced to more complicated issues. Emphasis of this course is not only on data keeping but also on the theory and principle that has been used. Students also will be introduced to the process of preparing internal and external financial statements for companies as required by the pronounced accounting standards (SLFRS) and relevant legal statues.

Introduction to Cost Accounting
This course exposes the students to cost terminologies, costing systems, budgets and latest development in cost and managerial accounting. Exposures will be given on how the management accounting information helps in decision-making process.

Taxation I
This course will cover topic such as the principles of tax, the calculation and management of tax in Malaysia. Stress is also given to the structure of income tax, types of taxable income, income exempted from tax, personal relief and personal tax.

Taxation II
This course will cover topics such as deductible expenses, capital allowances, basis period and tax for sole proprietor, partnership and company.

Accounting Information System
This course exposes the students to the usage of accounting package to generate financial report such as UBS, MYOB etc. Besides that, emphasis will be given on the usage of accounting information in decision-making and control of business activities.

Audit
This course exposes the students to basic principles and audit objectives. This course covers definition, the role of auditor, types of audit, audit planning, techniques of audit and audit of assets and liabilities.

Career Opportunities
Students will find ample opportunity in not only availing themselves to the traditional careers in accounting and audit practice, government services, administrative and diplomatic services, academia, and industry, commerce and finance, but as well careers as an internationally recognized professional in accounting and audit. The Students will qualify for careers as accounts assistant, tax assistant, assistant financial controllers, bankers and financial planners. Accounting students are prepared to assume responsible, in assisting the managerial positions in accounting or finance. Organizationally, Diploma holders will be absorbed into:
  • Accounting firms
  • Corporations and companies
  • Audit firms
  • Banks
  • Securities firms
  • Insurance companies
  • Multimedia telecommunication companies
  • Marketing agencies
Course Duration
Total Semester: 4 Full Semesters & duration of 16 months

Intakes - Major Intake: March, November

Fee Structure - For information on fees, please contact the MSI

Admission Requirements
GCE O/L ,London or Edexel O/L . Students who have qualifications other than the ones stated, are to submit them for the MSI consideration. For a detailed breakdown of the entry requirement, please liaise with the Counseling & Communications department at MSI
  • Total tuition fees charged is based on credit hour taken for each semester
  • Full payment of tuition fee must be made on the Registration Day or Prior to the Commencement of the semester
  • Fees are charged on per semester basis and are based on credit hours taken by the respective students. Please contact the Counseling & Communications department on fees and other payments details
  • Tuition fees exclusive of taxes
  • Registration fees must be paid during the application submission, Registration fees paid are not refundable
The above information is accurate at the time of printing. However, MSI reserves the right to make changes where required without notice.
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