opt MiniMasters in Accounting Management
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MiniMasters in Accounting Management

Course Overview

This course prepares non-Accounting graduates for a career in the accounting profession, whether you aspire to become an accountant, an auditor, a tax specialist or a consultant. Accounting is the language of business, essential for strategic planning, operational and cost controls, and ensuring proper accountability and reporting of corporate performance.

Upon successful completion of this course and on meeting admission requirements, you may pursue a pathway towards the MSc Accountancy and the Singapore CA Qualification ​professional programme with a view to qualify as a Chartered Accountant of Singapore.

  • How You will Benefit​
  • HOW MINIMASTERSTM IN ACCOUNTING MANAGEMENT WORKS
  • Course Schedule & Details
    Course ​Month ​Run Dates* ​Instructor ​Contact Hours** ​Academic Units
    Accounting Principles ​​Aug ​1-2
    29-30
    Assoc Prof Lee Kin Wai
    ​Total 52 hours ​4
    Accounting for Decision Making and Control ​Sept ​12-13
    26-27
    Mrs Chan Ai Lin​ ​Total 39 hours ​3
    ​Tax Management ​Oct ​10-11
    24-25
    Ms Jow Lee Ying
    ​Total 52 hours ​4
    Assurance and Auditing ​Nov ​7-8
    21-22
    ​Assoc Prof Terence Ng​ ​Total 52 hours​ ​4

    *(Classes run on alternate weekends of the mentioned month)

    **MiniMastersTM will be conducted using a blended model of in-person instruction and online self-study while adhering to the latest MOE safety guidelines. Due to Covid-19, all courses will be delivered 100% online if deemed necessary at any point.

    *(Classes run on alternate weekends of the mentioned month) 
    **MiniMastersTM will be conducted using a blended model of in-person instruction and online self-study while adhering to the latest MOE safety guidelines. Due to Covid-19, all courses will be delivered 100% online if deemed necessary at any point.
  • Course: Accounting Principles
    The course focuses on key principles and concepts in financial accounting and the application of these concepts in business decision making. A strategic framework for accounting is adopted with an emphasis on the user/decision maker perspective. This course covers the foundations of accounting theory, conventional measurement techniques, reporting procedures and relevant accounting standards. The main focus will be on International Financial Reporting Standards and Singapore Financial Reporting Standards. An important feature of this course is the extensive use of current business articles and cases dealing with contemporary issues in financial accounting.​
  • Course: Accounting for Decision Making and Control
    The aim of this course is to introduce the design and use of management accounting information for planning, control and decision making within business organisations. The organisational architecture will be used as the organising framework. The major topics covered in this course include product costing, activity-based costing and management, strategic cost management practices, transfer pricing issues, tools for decision making such as cost-volume-profit (CVP) analysis, and performance evaluation and measurement issues, including sustainability measurement.

    Learning Objectives
    1. Explain how goal incongruence lead to agency problems in organisations and design organisational architecture and management control systems to mitigate agency problems.
    2. Explain the strategic role of management accounting and the analysis of competitive strategy.
    3. Apply normal costing, accumulate and assign costs to products.
    4. Apply various cost management tools for strategic planning. 
    5. Evaluate business decision scenarios using cost-volume-profit analysis and incremental/differential analysis.
    6. Evaluate the type of business units and issues in the proper implementation of responsibility centres and identify the various performance measures for different responsibility centres.
    7. Explain sustainability strategy and apply balanced scorecard, strategy mapping and performance measurements for strategic planning and control.
    8. Explain the impact of transfer pricing methods on organisations and compute the transfer prices using the various transfer pricing methods.
    9. Prepare master and flexible budgets and use flexible budgets and standard costs to compute and interpret the sales and cost variances.
  • Course: Tax Management 
    This course will provide you with working knowledge of the concepts, principles and applications of taxation laws and practices in Singapore, most notably those relating to the Income Tax and the Goods and Services Tax. The emphasis of the course will be on the identification of tax issues faced by businesses and individuals in structuring their economic transactions, the analysis of the impact that taxes may have on the decision making processes of businesses and individuals, and the formulation of strategies to mitigate and control such costs through legitimate tax planning.  

    Learning Outcomes
    1. Define the geographical scope of the Singapore income tax jurisdiction, including to locate the geographical source of income and to determine the residence of a taxpayer 
    2. Describe and compute the income tax base, taking into account exemptions, deductions, capital allowances, unabsorbed items, partial exemption for companies, and personal reliefs for resident individuals 
    3. State and apply the basis of assessment rules for taxing Singapore-sourced income and foreign-sourced income  
    4. Outline the income tax issues specific to companies and prepare a corporate income tax computation to calculate a company’s income tax liability 
    5. Outline the income tax issues specific to individuals, including the taxation of employment income and the tax treatment of resident and non-resident individuals 
    6. Understand how partnership profits are subjected to income tax 
    7. Examine cross-border transactions to identify and resolve relevant income tax issues such as reliefs from double taxation, exposure to Singapore income tax and withholding tax implications 
    8. Outline the scope of the Singapore goods and services tax (GST) and apply the relevant laws and principles to identify and resolve the GST implications of business transactions 
    9. Analyse business and personal transactions to identify opportunities for tax minimisation and recommend appropriate measures to take to mitigate tax exposure 
    10. Recommend tax risk management strategies to adopt in view of international tax developments
  • Course: Assurance and Auditing 
    You will gain an in-depth understanding of key assurance concepts and methodologies, and develop the skills and attitudes needed to effectively and efficiently conduct financial statements audits and other assurance services. 

    This course aims to inculcate critical knowledge, skills and attitudes that an effective assurance professional should possess. Critical skills that are developed and reinforced through various course activities include problem solving and decision making, critical thinking, research, communication, teamwork, and interpersonal skills. Important attitudes and values that this course aims to impart include professional values and ethics, social responsibilities, receptiveness to differing views, professional skepticism, and a passion for proactive self-learning.

    Learning Outcomes
    1. Explain the importance and role of assurance in society, the audit process and audit reports.
    2. Describe key assurance and auditing concepts and methodologies.
    3. Identify and critically assess the risks of material misstatements.
    4. Identify and evaluate key internal controls and design tests of controls.
    5. Develop appropriate substantive audit procedures to test key assertions.
    6. Identify ethical issues faced by auditors and apply the code of professional conduct and ethics to critically think about and resolve these issues.
  • Pathway to NBS Master's Programmes

    Participants who attain an NBS MiniMastersTM may choose to stack it towards a Full NBS Master’s programme. Upon meeting admission requirements, participants may choose the following pathway:​

    NBS MiniMastersTM  ​Stackable To Full NBS Master's Programme​
    ​​MiniMastersTM in Accounting Management ​MSc (Accountancy)

    Accreditation of courses completed under the NBS MiniMastersTM to a Full NBS Master’s programme will be subject to the current accreditation policy:

    a.       Transfer credits of up to 12 AUs of courses upon successful admission into a Master’s programme

    b.       The grade obtained for the course must be at least a B+ (subjected to change for specific Master’s programmes)

    c.       The validity period for exemption/credit transfer of a course is five years from the date of award of the course as reflected in the official result slip/transcript

    d.       The course must not have been used for exemption/credit transfer into another programme

    Admission to Full NBS Master’s programme

    Participants have to meet all required admission standards of the selected Master’s programme.

    Accreditation of courses completed under the NBS MiniMastersTM to a Full NBS Master’s programme will be subject to the current accreditation policy:
    a. Transfer credits of up to 12 AUs of courses upon successful admission into a Master’s programme
    b. The grade obtained for the course must be at least a B+ (subjected to change for specific Master’s programmes)
    c. The validity period for exemption/credit transfer of a course is five years from the date of award of the course as reflected in the official result slip/transcript
    d. The course must not have been used for exemption/credit transfer into another programme

    Admission to Full NBS Master’s programme
    Participants have to meet all required admission standards of the selected Master’s programme. 
  • Funding and Fees

    ​Fee before
    ​funding (excluding GST)
    ​Fee after funding
    (excluding GST)​​
    Fee after
    funding 
    (including GST)
    ​Full Fee S$18,750.00 S$18,750.00​ S$20,062.50​​
    Singapore Citizens / PR​ 
    (aged ≥ 21)​
    Course Fee Grant - up to 70%
    S$18,750.00 ​​S$5,625.00 S$6,018.75
    Singapore Citizens (aged  40)
    MCES1 - up to 90%
    S$18,750.00 S$1,875.00​ S​$2,268.75​
    ​SME-sponsored Singapore Citizens / PR
    ETSS2 - up to 90%
    S$18,750.00 ​S$1,875.00 S$2,268.75
    NTU Alumni
    Fee payable to NBS​ after 70% SSG Funding and use of $1,600 Alumni Credits
    S$18,750.00 S$4,418.75​
    NTU Class of 2020
    Fee payable to NBS after 70% SSG Funding and use of $3,200 Alumni Credits and NTU Class2020 COVID-19 support​*
    S$18,750.00​ S$0,000.00

    1. Under the SkillsFuture Mid-career Enhanced Subsidy (MCES) scheme. For more information, visit the SkillsFuture website here.
    2. Under the Enhanced Training Support for Small & Medium Enterprises (ETSS) scheme. For more information, click here​.
    *​The NTU Class2020 COVID-19 support​ funding is only applicable to the run of this programme in 2020.

    SkillsFuture Credit
    In addition to the above funding, Singapore Citizens aged 25 and above and self-funded may use their SkillsFuture Credits to defray part of the net course fee after funding.

    Participants who wish to use their SkillsFuture Credit can download the SFC Claim form here​. Please submit the SFC claim form via email to nbs_minimasters@ntu.edu.sg ​at least 1 month before course start date.​​​

    Funding Requirements
    - Participant must achieve a minimum of 75% attendance for the course.
    - Participant must complete a written assessment on the final day of the course

    Participants do not need to contact Skillsfuture or SkillsConnect for funding prior to course registration. NTU will handle the funding paperwork for both self and company-sponsored participants. Participants will be invoiced the net amount after funding and GST.​

  • PROGRAMME DIRECTOR

    Assoc Prof Boo Hian Yong, El'fred
    College of Business (Nanyang Business School) - Division of Accounting


    El’fred is an Associate Professor of the Accounting Division at the Nanyang Business School, Nanyang Technological University. He holds a PhD in Accounting and is a Chartered Accountant (Singapore) and Chartered Accountant (Australia and New Zealand). He is also a member of the Singapore Institute of Directors and the American Accounting Association. Prior to joining the academia, El’fred was an auditor with one of the Big Four international accounting firms in Singapore and Australia.

    El'fred has taught courses in the areas of assurance, enterprise risk management, corporate governance and ethics at both the undergraduate and postgraduate levels. El’fred has been a winner of the Teaching Excellence Award in the Accounting Division. His research interests include assurance, corporate governance, behavioral and ethical issues. El’fred has published in internationally-refereed journals such as the Abacus, Accounting & Business Research, Accounting & Finance, Accounting Horizons, Auditing: A Journal of Practice & Theory, Corporate Governance and the Journal of Business Ethics. He has served as an ad hoc reviewer for conferences and journals, including the American Accounting Association Annual Meeting, the International Symposium on Audit Research, the International Journal of Auditing, Contemporary Accounting Research and the Journal of Business Ethics.

    El'fred’s professional involvements include serving as a member of the Judging Panel of the Best Annual Report Award, the Best Managed Board Award Shortlisting Committee (both are sub-awards of the Singapore Corporate Awards), the ISCA Corporate Governance Committee, the SAC Risk Advocacy Work Group and the Stewardship Principles Work Group. He revamped the Ethics Pre-Admission Course of ICPAS (currently known as ISCA). He has also served as an Inspector and Technical Reviewer for the Association of Chartered Certified Accountants (ACCA) and the Singapore Qualification Programme (SQP) respectively. El’fred is an Audit Committee member of the Singapore Centre on Environmental Life Sciences Engineering (SCELSE).

    To read more abou
    Assoc Prof Boo Hian Yong, El'fred and his achievements, please click here.
  • Programme Instructors

    Assoc Prof Lee Kin Wai

    College of Business (Nanyang Business School) - Division of Accounting


    Lee Kin Wai is Associate Professor of Accounting at Nanyang Business School in Nanyang Technological University. He holds a First Class Honours Degree (with University Medal) in Accounting, MBA (distinction in finance) and Phd degree. He is a member of Institute of Certified Public Accountants in Singapore, Australian Society of Certified Practising Accountants and American Accounting Association. Dr. Lee is the Vice-Chairman of the Shell Singapore Cooperative, a member of the Corporate Governance Committee of the Institute of Certified Public Accountants in Singapore and a member of Singapore Compact for Corporate Social Responsibility.


    Prior to joining academia, Dr. Lee had extensive experience in accounting and finance and was the Group Accounting Manager in a publicly listed multinational corporation. Dr. Lee specializes in financial statement analysis, capital market research in accounting, corporate governance and valuation. His research on corporate governance and financial accounting standards has been published in international accounting and finance journals such as Journal of Banking and Finance, Journal of Corporate Finance, Journal of Accounting Auditing and Finance, Review of Quantitative Finance and Accounting, Review of Pacific Basin Financial Markets and Policies, Singapore Accountant and Accounting and Finance Journal and the business press such as Business Times and Straits Times. In 2007, he received the Teacher of the Year Award for the MBA programme. In 2010, he received the Teacher of the Year Award (Accounting). In 2010, he received the Nanyang Award for Excellence In Teaching by Nanyang Technological University.​

    To read more abouAssoc Prof Lee Kin Wai and his achievements, please click here. 


    Mrs Chan-Ng Ai Lin

    College of Business (Nanyang Business School) - Division of Accounting


    Mrs Chan-Ng Ai Lin is currently a Lecturer in the Nanyang Business School since 2006. She received both her B. Acc (Hons) and MBA from NTU. Her research interests include ethics, corporate governance and performance evaluation.

    To read more abouMrs Chan-Ng Ai Lin and her achievements, please click here​. 


    Miss Jow Lee Ying

    College of Business (Nanyang Business School) - Division of Business Law


    Lee Ying is an accredited tax advisor with the Singapore Institute of Accredited Tax Professionals (SIATP). She has a Bachelor’s degree in Science (1st class honours) from the National University of Singapore and a Masters degree in International Taxation from the University of Sydney.

    Lee Ying has more than 15 years of professional work experience spanning a number of pertinent areas in corporate tax, including corporate tax policy formulation at the Singapore Ministry of Finance, investment promotion at the Economic Development Board and tax administration at the Inland Revenue Authority of Singapore (IRAS). In particular, Lee Ying’s expertise lies in international tax, and she was directly involved in negotiating and interpreting Singapore’s tax treaties with numerous countries when she was working at the IRAS. While at the IRAS, she was also actively involved in transfer pricing matters, having participated in the development of Singapore’s transfer pricing policies, negotiation of Advance Pricing Arrangements and management of the transfer pricing consultation process. Prior to joining Nanyang Technological University (NTU), Lee Ying was a senior manager in the international tax practice of a leading accountancy firm in Singapore. She currently teaches taxation to NTU undergraduates and remains actively involved in consulting on transfer pricing controversy cases.

    Lee Ying has spoken on transfer pricing trends and developments in several forums and she is the chapter author of the withholding tax module for CPA Australia’s Singapore taxation segment.

    To read more abouMiss Jow Lee Ying and her achievements, please click h​ere​​. 


    Assoc Prof Ng Bu Peow

    College of Business (Nanyang Business School) - Division of Accounting


    Terence Ng is an Associate Professor at Nanyang Business School of Nanyang Technological University (NTU). He obtained his Master of Commerce (Honours) degree from the University of New South Wales and his Ph.D. from Nanyang Technological University. Prior to joining NTU, he has worked as an external auditor in an international CPA firm, and an internal auditor in a public listed company. Terence is a member of the Institute of Certified Public Accountants of Singapore and the American Accounting Association. His research work on auditor judgment and corporate governance has been published at Abacus, Auditing: A Journal of Practice and Theory, Contemporary Accounting Research and The Accounting Review.

    To read more abouAssoc Prof Ng Bu Peow and his achievements, please click her​e​. 
  • Venue
    In person training will be held on NTU Campus (50 Nanyang Ave, 639798).​
  • Registration Closing Date
    21 July 2020​
  • Contact Us
    For enquiries about this course, please contact us at nbs_minimasters@ntu.edu.sg ​

MiniMastersTM in Accounting Management​

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