FUNCTIONAL CORE
ACC1002: Financial Accounting
An introduction to financial accounting, that focuses not only on bookkeeping, but also on the understanding of the deriving of information and the interpretation of results. This is useful as it teaches you how to read and assess a company based on its Annual Reports and Financial Statements. Hard work, consistent practice coupled with a strong foundation is the key to success in this module. As the module progresses it builds upon knowledge taught in prior lectures and tutorials, therefore ensure that you follow all lectures and clarify when necessary.
Tip: Get your foundation right by ensuring that you understand all the earlier lessons. The assessment includes a project and examinations. For the former, it would be prudent to start earlier as it consists of numerous tedious questions, based on your understanding of a company’s Annual Report, while the latter requires you to Practice, Practice and Practice! Carelessness could be fatal in the examination.
BSP1004: Legal Environment of Business
Although we leave the nitty-gritty details of laws to our friends in the Bukit Timah Campus, it is good for us to know our rights and liabilities while doing business. Therefore, this module might save you from being cheated or legally implicated. Through this module, you will be equipped with some basic legal knowledge relating to commercial transactions to be more aware of potential legal problems which may arise in the course of business as well as protecting yourself as a consumer. Have fun and try to apply the different rights and laws learnt in your everyday life.
Tips: Based on past semesters, the final examinations is open-book, meaning that you can bring any material you wish, including the whole library if you can manage it. However, make sure that you know your materials well before the examination, as there will be little time to read up during the examination, except for referring to case names and exceptions. Class participation is also a major component that should not be neglected, so be prepared to speak up.
ACC1006: Accounting Information System
An accountancy only module, ACC1006 is crucial stepping stone in setting the foundation for future accounting modules by providing the “big-picture” of general accounting processes. This module will cover 2 major topics, Accounting (AIS) and Management Information Systems (MIS). AIS will take you on a journey through the various accounting/business cycles, focusing mainly on internal control and operational procedures. Beginning after recess week, MIS will then touch on the various IT information systems that help to manage systems that deliver results. efficiently and effectively. Both topics are content heavy so it will pay to start early.
Tip: AIS and MIS are typically taught by different lecturers and departments, so it will be wise to tackle both topics using different approaches. For AIS, familiarise yourself with the accounting cycles and focus on the internal controls. MIS tests are usually MCQs so reading up on lectures notes and book will suffice. A cup of coffee will help as well!
#Although AIS can be mapped on SEP, is it highly encouraged to take this module in Singapore. The accounting processes overseas and in Singapore can be rather different and higher level accounting modules require some knowledge from this module. If you are unable to map this module while on SEP, it may pose issues further on during your education.
ACC2002: Managerial Accounting
Despite the module name, this course is very different from the above mentioned Financial Accounting, with focus from within the organisation. In this course, you will learn major concepts, tools and techniques in managerial accounting, that is needed for decision-making, planning and controlling activities of an organisation.
Tip: A thorough knowledge of linear algebra especially forming and solving equations from word problems is essential (but don’t worry, no rocket-science formula will be involved). So, Practice, Practice and Practice is the key.
FIN2004: Finance
This module provides the basis for further Finance modules and specialisation, equipping you with the key concepts and tools. It teaches you a wide range of topics, regarding both the market as a whole and individual companies. This module focuses on the conceptual and analytical aspects essential for making good financial decisions for a firm. Topics covered includes risk and return analysis, long-term financial planning, capital budgeting methods and applications, common stock and bond valuation and much more.
Tip: A good appreciation and understanding of financial statements would be an added advantage when covering the essentials of Finance. However, basic math will be sufficient to effectively comprehend the formulas and ratios required.
BSP2005: Asia Pacific Business Environment
With the up-and-coming global economies of China and India, this module is extremely useful as it strengthens your understanding of the business environment in Asia since it relates to the practice of international business. This means a better idea of International Trade, Foreign Direct Investment and the secrets on how to manage multinational enterprises. It takes a different approach, as it also looks at the societal and ethical issues pertaining to the Asia Pacific region.
Tips: Presentations and class participation are crucial components of this module’s assessment.
DSC2006: Operations Management
This module teaches about the different ways to managing your operations processes, from inputs to outputs, enabling you to decide the best way to manage your production processes. As operations affects the final product quality, customer service and the overall competitiveness of the organisation, this course introduces and highlights the strategic importance of operations, the fundamental principles and concepts of effective operations management. While there are both qualitative and quantitative aspects to the course, it is still fairly technical and structured.
Tip: While the module may appear dry and technical to many, given time and attention, this module is not hard to grasp.
BSP3001: Strategic Management
This module has three main learning objectives; to be able to relate a firm’s characteristics and its micro and macro environment in understanding the roots of its success and failure, to appreciate pressing issues facing corporations in fast-moving environments and to apply holistically the knowledge acquired to complex business problems. Therefore, topics covered would include industry analysis, strategy formulation at the corporate, business and functional levels, firm resources, core competencies and the role of structure, culture, rewards and control in strategy implementation.