1.1 Introduction

The introduction of the course of Diploma in Finance and Accounting (DFA) is due to the increasing demand by those who want to attain specialized skills. This is a reply to many Ugandan for this cause. 

The Diploma in Finance and Accounting course is focused on training students to enable them engage in accountancy that would serve to promote accountability especially in the economic sectors. Consequently emphasis will be put on the record keeping and the curriculum revolved around that area in teaching methods and materials.  

This course will complement the economic activity of the Ugandan business performance by keeping proper books of accounts. Students will have a very strong attitude to work, which will make them have a competitive edge.

1.2 Programme Rationale

This Programme was designed to generally prepare our students to equip them with skills and knowledge competencies in the field of accounting and finance. The Diploma in Finance and Accounting gives a chance to those students to pursue their dream and even work in the same field. Students are also given a firm background to further their qualification on successful completion of the course. The course is intended to equip students with all the necessary skills needed in the field of Accounting in both private and public enterprises. Therefore the course includes many course units meant to impart skills of an all rounded professional. It also enlightens them on the reality facing us today so the learners endeavor to create self-employment rather than always wait to be employed.

1.2 Course Objectives

The programme is designed to meet the students interested in gaining knowledge of accounting and finance and wish to extend their knowledge to an advanced level.  Specifically the programme aims;

  • To provide the students with a basic understanding of certain core disciplines and which we regard as core values needed by any graduate such as financial literacy, marketing skills, entrepreneurial skills, computer literacy and ethics, good governance and integrity.
  • To provide the students with a basic understanding of each of the functional areas such as finance, accounting, and other related disciplines.
  • To enable students to specialize in Finance and Accounting; and also give them firm foundation for professional courses such CPA (U); ACCA (UK); CIMA etc.
  • To enable students understand the language and systems of the Business world, how financial statements are informed investments decisions and may discourage dishonest reporting and unscrupulous investment schemes.
  • To enable students develop in accounting and financial management skills and competencies with comprehensive knowledge and understanding of wider range of management and financial decision-making at the strategic level.
  • To provide students with an opportunity to apply the knowledge and skills they have gained in an individual, accounting and finance-related research investigation.
  • To make the students aware of the issues of financial irregularities and an understanding of the importance of the auditing process.
  • To take a strategic look at current issues in the financial world, providing students with a range of skills, including the ability to critically analyse financial data and weigh up issues, and relate these to developments and shifts within the industry.
  • To provide a sound foundation for students seeking progression in a managerial or professional role, or for those wishing to undertake further studies in degree programme.

1.4 Learning Outcomes

  1. Create self employment rather than always wait to be employed
  2. Demonstrate mastery and application of internal controls such as; financial decision skills, recording keeping skills, debtor management skills, authorizations, banking, strategy and computerized accounting skills and most importantly to be accountable and responsible for decisions made, and be a well-grounded and an all rounded professional.
  3. Solve problems in an ethical and socially responsible way.

1.5 Career Prospects

Diploma in Accounting and Finance graduates have a wide area of career choices. They can either work in the area of accounting, finance or auditing. These careers are both in private and public sector enterprises. However, in order to qualify as a public accountant, one is supposed to further qualifications and obtain professional qualification .e.g. CPA (U).

2.0 Entry requirements.

Admission into the first year through any of the four avenues

  • Direct entry
  • Certificate holders scheme
  • Professional qualifications
  • Entrance admission examination

For admission to any diploma course under;

A) Direct Entry Scheme

A candidate must have;

  • Obtained at least one advanced level principal pass and two subsidiary passes obtained at the same sitting of the Uganda advanced certificate of education (U.A.C.E) examinations. Or Qualification equivalent to UACE.
  • Sat the UCE examination (equivalent) and obtained at least 5

 

B) Certificate Holder’s Scheme.

A candidate must hold;

  • A Uganda certificate of education (U.C.E) and a certificate in business Management or equivalent from a recognized institution.
  • A certificate in business Management of the Multitech Business School or any of the Uganda colleges of commerce and MUBS or a certificate in any field of study obtained from a recognized institution.

 

C) Professional Qualifications.

The applicant should have passed at least stage/level two, of the professional qualifications from a recognized institution or its equivalent provided this is passing by examination.

2.1 Programme duration.

The diploma programme shall cover a minimum of   two (2) years of four semesters and not exceeding a maximum of four (4) years.

3.0 Programme Structure.

YEAR 1:  SEMESTER ONE   

 

 

 

 

 

CODE  COURSE NAME 

LH

TH

PH

CH

CU

DFA 1101 Financial Accounting

60

 

 

60

4

DBM 1101 Business Administration

45

15

 

60

3

DBM 1102 Business Economics

60

 

 

60

4

DIT 1101 Computer fundamentals & applications

45

 

30

60

4

DBM 1103 Business Communication skills

45

 

 

45

3

DBM 1104 Principles of management

45

 

 

45

3

 

 

 

 

 

21

Semester Two                                                                                                                  

 

 

 

 

 

DFA 1262 Quantitative Methods

60

 

 

60

4

DFA 1289 Intermediate Accounting

60

 

 

60

4

DBM 1202 Business Law                                             

45

 

 

45

3

DBM 1206 Business Ethics                                             

45

 

 

45

3

DFA 1218 Financial Management

45

30

 

60

4

 

 

 

 

 

18

YEAR TWO: Semester One                                                                                                                                                                  

 

 

 

 

 

DFA 2127 Auditing

45

15

 

60

3

DFA 2166 Elements of Fund Management                  

45

15

 

60

3

DFA 2163 Financial Economy                                      

45

15

 

60

4

DFA 2164 Financial Regulatory Framework                

45

 

 

45

3

DFA 2165 Introduction to Financial Reporting           

60

 

 

60

4

DBM 2102 Research Methodology

45

 

60

45

3

 

 

 

 

 

22

RECESS TERM

 

 

 

 

 

RST 2101 Vocational study

10

 

52

34

2

RST 2102 Business Plan Development

10

 

52

34

2

RST 2103 Internship                                                  

10

 

52

34

2

 

 

 

 

 

6

Semester two

 

 

 

 

 

DFA 2216 Cost and Management Accounting

45

15

 

60

4

DFA 2267 Public Sector Accounting

45

30

 

60

4

DFA 2268 Financial Analysis

30

 

30

45

3

DFA 2228 Computerized Accounting 1

15

 

60

45

3

DFA 2220 Principles of Taxation

45

15

 

60

4

DBM 2204  Research Proposal

10

 

52

36

2

 

 

 

 

 

20