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Course Overview

This subject provides an understanding of basic accounting concepts and processes, and their applications in businesses. It includes the double-entry system of bookkeeping, preparation of financial statements, accounting for assets such as cash and inventories and the importance of controls over these assets, as well as analysis of financial statements using ratios.





The subject aims to equip students with basic knowledge and skills to:

●      Record business transactions using double-entry system.

●      Prepare and interpret basic financial statements.

●      Account and control business’ assets specifically cash and inventories.


Entry Requirements


Applicants applying for modular units which are drawn from existing full diploma or post-diploma programmes will have the same minimum entry requirements as the full qualifications.


To find out the minimum entry requirements specific to this modular course, please click here.

What You'll Learn

  1. Explain the basic concepts of accounting.
  2. Comprehend the impact of business transactions on the accounting equation.
  3. Apply the double-entry principle to record business transactions.
  4. Prepare trial balance.
  5. Prepare a set of financial statements incorporating balance day adjustments.
  6. Prepare classified financial statements.
  7. Apply basic internal controls in managing cash.
  8. Account for inventories under the two inventory systems using different cost flow assumptions.
  9. Account for depreciation of non-current assets.
  10. Apply basic techniques in analysing the business’ performance.



Modes of Assessment


  • Test(s)
  • Assignment(s)
  • Quiz(zes)
  • Class Participation
  • Examination





Upon successful completion of the modular unit, students will be awarded a Statement of Result which can count towards the attainment of the following: 

Diploma in Business Practice (Business Administration).

Diploma in Business Practice (Logistics Management)

For more information on course fee / schedule, or to apply,

Course Contact

  • Mainline 67881212
  • Monday - Thursday: 8:30am - 6:00pm
    Friday: 8:30am - 5:30pm
    Closed during lunchtime, 12:00pm - 1:00pm
    and on weekends and public holidays.

  • https://www.tp.edu.sg/tsa
  • Temasek SkillsFuture Academy (TSA)
    Temasek Polytechnic
    East Wing, Block 1A, Level 3, Unit 109
    21 Tampines Ave 1
    Singapore 529757

  • Temasek Polytechnic reserves the right to alter the course, modify the scale of fee, amend any other information or cancel course with low enrolment.