Diploma in Accounting (DIA) at KYS Business School is the ultimate choice for aspiring students who seek to become professional accountants within a shorter time frame. The programme is designed for a students to take a shorter path to fulfilling their dreams without the financial and time constraints of a full degree. Courses covered in KYSB’s DIA are designed according to the Professional Stage Examination (PSE) by the Malaysian Institute of Certified Public Accountants (MICPA). With a duration of only two and a half years, DIA students are able to pursue their passion of becoming a professional accountant earlier compared to a Degree student.
Upon achieving a DIA at KYSB, students are encouraged to continue at KYSB for four professional modules in accordance with MICPA’s PSE, which will only take one year to complete. The Professional Stage is designed as a fast-track route for accredited DIA holders to obtain a professional qualification.
Completion of the Professional Stage will lead into the Advanced Stage or MICPA-CAANZ Programme, and these two stages will require a minimum duration of 3 years to complete. Following the completion of the programme in conjunction with the necessary work experience requirement, students will gain membership to both MICPA and Chartered Accountatns Australia and New Zealand (CAANZ), and the titles of Certified Public Accountant, Malaysia, or CPA (M) and Chartered Accountant, Australia & New Zealand, or CA(ANZ)
The module will assist students in reaching a level of increased competence in mathematics and expanded understanding of the applications of mathematical concepts in business activities. Emphasis is placed upon learning mathematical concepts through practical application to common business problems.
Focuses on the entire organization from both a short and a long-term perspective. Management is the managerial process of forming a strategic vision, setting objectives, crafting a strategy and then implementing and executing the strategy. Management goes beyond the organization’s internal operations to include the industry and the general environment. The key emphasis is on issues related to environmental scanning and industry analysis, appraisal of current and future competitors, assessment of core competencies, strategic control and the effective allocation of organizational resources. This module presents a thorough and systematic coverage of management theory and practice. It focuses on the basic roles, skills and functions of management, with special attention to managerial responsibility for effective and efficient achievement of goals. Special attention is given to social responsibility and managerial ethics.
This module introduces the student to financial accounting and assumes that the student has no prior knowledge of the subject. It deals with the recording of accounting transactions and events using the double entry system and the preparation of financial statements for merchandising and service enterprise. The module will expose the student to the fundamental accounting principles, accounting techniques and the underlying records used in recording and preparing financial statements. This module aims to provide students with the basic accounting knowledge and skills in the recording process and the preparation of financial statements.
The module introduces students to a range of business activities. They will consider the purposes of different organisations and the influence of stakeholders and how businesses organise themselves through strategic planning and organisational structures. Students will then explore the dynamic nature of organisations through studying the impact of external (political, legal and social) influences on business operations. Next, they will study the fundamental economic principles that impact on businesses. By studying two different business environments students will gain some insight into how businesses operate in different parts of the world and how the development of a global marketplace impacts on all businesses.
Statistical methods are applied to business problems. Topics include frequency distributions, graphical presentations, measures of relative position, measures of central tendency and variability, probability distributions and confidence intervals.
This is a broad-based module which gives students the opportunity to apply the key principles of marketing. Firstly, the module looks at the definitions of marketing, and what is meant by a marketing orientation and the marketing process. Next, students consider the use of environmental analysis in marketing and carry out their own analyses at both macro and micro levels. They will also investigate the importance of market segmentation and how this leads to the identification and full specification of target groups. Students then consider buyer behaviour and positioning. The module looks at the main elements of both the original and the extended marketing mix. This includes an introduction to the concept of the product life cycle, new product development, pricing strategies, distribution options and the promotion mix. Finally, students will develop their own marketing mixes to meet the needs of different target groups. This includes considering the differences when marketing services as opposed to goods. A range of other contexts is examined including marketing to businesses instead of consumers and the development of international markets.
The module will expose the student to the fundamental accounting principles, accounting techniques and the underlying records used in recording and preparing financial statements for the sole traders, partnership and manufacturing business. This module aims to provide students with the basic accounting knowledge and skills in the recording process and the preparation of financial statements for sole traders, partnership and manufacturing business by applying the accounting principles, concepts and procedures.
The module will discuss topic on the basic communications objectives of organizations, types of communication used in decision making, their nature, capabilities and limitations, structure and culture, external communication, communication situations/ contexts at workplace, personal communication skills and using computers for communications. Students will practice in improving written communications, using the approved style manual.
As an overall view, this module will provide knowledge to students on how to open a business or in a simple word, giving ideas of a business start-up. It will cover from capital, activity, reasons for financing, types and sources of the financing, business planning and reporting. Topics cover in this module are the structures: business structures, personal structures, business profile, role of the entrepreneurial business, personal skills; entrepreneurs as innovators: innovation, different types of entrepreneur and management issues.
This module is designed to enable students to assess and develop a range of professional and personal skills in order to promote future personal and career development. It also aims to develop students’ ability to organise, manage and practise a range of approaches to improve their performance as self-directed students in preparation for work or further career development. The module emphasises the needs of the individual but within the context of how the development of self-management corresponds with effective team management in meeting objectives. Students will be able to improve their own learning, be involved in teamwork and be more capable of problem solving through the use of case studies, role play and real-life activities.
Contracts are the legal basis of all commercial transactions covering the formation of contracts, capacity to contract and privity, performance and breach of contract and remedies for breach of contract, the emphasis is on the key underlying principles of law.
Other topics are key principles of the law of agency, employment law and other areas of law effecting businesses, applying them to legal problems and reach appropriate conclusions.
This module introduces the students to the fundamentals of maintaining financial records, explaining its context and purpose with reference to accounts preparation and reporting business transactions and events, trial balance including the reconciliation of the control accounts, and the posting of period end adjustment. Finally it covers the preparation of final accounts for sole traders and for partnership. The topics covers in this module are depreciation methods, depreciation of fixed assets, accruals and repayments, bad debts, errors in the accounts, incomplete records, control accounts, suspense accounts of simple financial statements.
This module will introduce to student the use of cost accounting and how this knowledge can assist them in managing the accounts at the workplace.
Some of the topics covers in this module are materials and stock control, costing methods and systems, cost-volume-profit (CVP) analysis, budgetary planning and control, standard costing and variances and accounting systems.
Students are expected to display an in-depth understanding of the impact of all major taxes on the transactions of individuals, companies and special undertakings and be able to identify, discuss and advise on the tax issues in a particular situation as well as planning opportunities to minimise potential tax liabilities. The topics covered in this module are: introduction to the tax system, individual’s income tax liabilities, company’s income tax liabilities, real property gains tax, sales tax and goods and service tax, tax administration and obligations.
This module develops knowledge and understanding of the legal and regulatory environment in which accountants operate, enable students to gain a detailed understanding and appreciation of many key topics in company law (and associated topics in financial/securities law) and to develop their legal skills of analysis, problem-solving and legal writing and finally understand the role of the company as a form of business enterprise and have a thorough knowledge and understanding of the key aspects of its legal regulation.
The module will explore current regulations governing Malaysian companies. The module focuses on the way law regulates companies and the facilities company law offers, such as limited liability and transferability of shares – as well as the corresponding burdens (duties of disclosure, compliance with statutory procedures and common law duties) and the dynamics of the often tense relationship between shareholders and management.
This module introduces the students to the fundamentals of maintaining financial records, explaining its context and purpose with reference to accounts preparation and reporting business transactions and events, trial balance including the reconciliation of the control accounts, and the posting of period end adjustment. Finally it covers the preparation of final accounts for sole traders and for partnership.
The topics covers in this module are depreciation methods, depreciation of fixed assets, accruals and repayments, bad debts, errors in the accounts, incomplete records, control accounts, suspense accounts of simple financial statements.
This module is designed to enable the students to understand the nature and objectives of audit in general as well as audit procedures and techniques practices today. It would also help the students to be able to identify and assess the audit risks involved in various situations.
Students are also expected to have a thorough knowledge of all auditing standards, guidelines and technical releases pronounced by Malaysian Institute of Accountant (MIA).
The module is designed to develop an understanding among students of the concepts and principles of financial accounting and reporting for companies. Students will be exposed to the regulatory and financial reporting framework, application of Malaysian approved accounting standards and issues in financial reporting.
Most businesses today are concerned about the impact of their activities on the business environment. Ethical concerns and greater consumer awareness have resulted in many businesses promoting their social values to ensure competitive advantage. Business ethics embraces corporate social responsibility and ethics relating to accounting practices, marketing, human resource management, and production. In this module students will examine the theoretical roots to the background and growth of business ethics. They will look at the different types of ethical issues a business needs to consider and how the development of ethical values impacts on business behaviour. It is important for students to appreciate how taking an ethical stance affects businesses both internally and externally, including the effects on stakeholders. Students will explore the social implications of business ethics for a wide range of business activities that affect the organisation itself and the external environment. This will include the ethical stance behind topical issues such as whistle blowing, employment practices, advertising to children, environmental awareness and using new technologies such as genetic modification of food.
Students will also examine how an individual’s ethical stance impacts on the moral relationship between employer and employee, as well as considering the contractual responsibilities of both parties. This module will give students the opportunity to research how a business responds to ethical concerns and assess the extent to which its activities affect its behaviour, whilst ensuring business objectives are met.
This module develops knowledge and understanding of financial management for analysing the benefits of various sources of finance and capital investment opportunities. Effective financial management is fundamental to all businesses and consequently this is a common core module for all pathways. The module requires the study of the operation of financial systems, risk, financial structures and financial instruments.
This module looks at the cost information, both current and future, of businesses. It looks at how cost data is collected, compiled and analysed, and processed into information that is useful for business managers. The module then deals with budgetary planning and control. It looks at how to prepare forecasts and budgets and to compare these to actual business results.
Finally, the module considers different costing and budgetary systems and the causes of resulting variances, together with the possible implications and the corrective action the business will need to take. Students will have the opportunity to apply these principles to practice.
This module is designed to develop an understanding among students of the concepts and principles of business and corporate income taxation, taxation of specialized entities, withholding taxes, etc. Students are expected to display an understanding of the impact of all major taxes on the transactions of companies, discuss and advice on the tax issues and planning opportunities to minimize potential tax liabilities.
The module will ensure that students are able to understand the impact of risk within the context of both the audited body and the assurance provider. It will provide students with an understanding of internal controls and their limitations, with the ability to understand the assurance cycle of planning, gaining evidence, completing and reporting on the assignment, including statutory audit reports under the Companies Act. The topics covers included in this module are audit framework and regulation, internal audit and internal control.
Experiential learning is an educational plan that integrates classroom study with practical work experience. It is intended to contribute meaningfully to over-all preparation by providing an opportunity for the practical application of skills and concepts learned in classes. A significant amount of learning can be achieved by carrying out practical activities in a workplace. Learning may be enhanced by taking a more formal approach to work-based activities – by planning, carrying out the activities and reflecting on the benefits of the activities to the business and to the student.
This module is designed to allow flexibility of study for part-time and full-time students. It is expected that students will be supervised in the workplace in addition to the supervision provided by their academic supervisor. Students will have the opportunity, supported by their supervisors, to negotiate and perform activities which will allow them to fulfil the assessment criteria for this module. They will recognise the scope of what they have achieved by recording evidence from carrying out the activities. They will also gain maximum benefit by reflection on and evaluation of the work they undertake.