PRESTON UNIVERSITY KOHAT-ISLAMABAD PRESTON INSTITUTE OF ACCOUNTANCY AND FINANCE Diploma in accounting and finance Overview Business decisions are not made in a vacuum – decision makers have some objectives in mind. The decisions are made mostly on the basis of data provided by different departments of the organization. All the decisions made in the organization directly or indirectly influence the financial position of the company. Therefore, one can understand the importance of accounting and finance in the organization. And this is the reason, finance department play one of the most critical role in almost every firm. The diploma in finance is designed to provide basic knowledge and develop practical skills to the working managers who have no or little background of accounting and finance. The program will ensure that at the end of the course, the participants have a good understanding of modern day finance and accounting. Title Institute Duration Fee Structure Format Target Market Methodology OBJECTIVES Diploma in Financial Proficiency Professional diploma in Financial Decision-Making for Leaders 1. 2. 3. 1. 2. 3. 1. Preston Business school Preston School of accountancy and finance Preston School of Business and Finance 3 Months Certificate in accounting and finance 6 Months Diploma in accounting and finance 12 Months Post Graduate Diploma in accounting and finance For Certificate Rs. 35,000/- for domestic applicants and $500 for International applicants 2. For Diploma Rs. 70,000/- for domestic applicants and $1,000/for International applicants 3. For Post Graduate Diploma Rs. 140,000/- for domestic applicants and $1,500/- for International applicants. Online/On Campus both 1. Financial Accountant, 2. Accounting Officer. 3. Tax Practitioner. 4. Tax Consultant. 5. Assistant Manager. 6. Management Accountant. Lectures, group discussions, exercises, assignments, case studies, and videos. Understand the importance of accounting and finance in organizations 2 Provide basic knowledge and develop practical skills to the working managers who have no or little background of accounting and finance Apply the skills learnt in their organizations Learning Outcomes Course Execution Job Opportunities Accounting and Finance Blogs 1. Certificate: (6 Credit Hours) a. 1 Quarter (3 Months) 13 Weeks b. 2 Courses 2. Diploma: (15 Credit Hours) a. 2 Quarter ( 6 Months) 26 Weeks b. 5 Courses 3. Post Graduate Diploma: (30 Credit Hours) a. 4 Quarter (12 Months) 52 Weeks b. 10 Courses 1. Chartered accountant 2. Chartered certified accountant 3. Chartered management accountant 4. Chartered public finance accountant 5. Company secretary 6. External auditor 7. Forensic accountant 8. Stockbroker 9. Actuary 10. Arbitrator 11. Business development manager 12. Data analyst 13. Economist 14. Licensed conveyancer 15. Management consultant 16. Mortgage adviser 17. Procurement manager 18. Retail banker 19. Tax adviser 1. Accounting Today 2. AICPA Insights 3. AccountingWEB 4. . Accountex Report 5. CPA Practice Advisor 6. Journal Of Accountancy (JofA) 7. Firm Of The Future 8. Ace Cloud Hosting 9. CPA Trendlines 10. The Accounting Onion 11. Accounting Coach 12. Insightful Accountants 13. Accounting & Financial Women’s Alliance (AFWA) Blog Accounting and Finance Books 1. 2. 3. 4. 5. 6. 7. 8. Accounting and Finance Youtube Videos and Channels Accounting and Finance Forums Accounting and Finance Influencers 3 Accounting and Finance: An Introduction by Eddie McLaney, Peter Atrill Accounting and Finance Formulas: A Simple Introduction by K.H. Erickson FINANCE AND ACCOUNTING: An ultimate book of Accounting basics and Financial management. Financial and Management Accounting Book MBA Fundamentals Accounting and Finance Principles of Accounting and Finance 2E Accounting And Finance For Bankers Introduction To Accounting And Finance 1. Farhat’s Accounting Lectures 2. CPA strength 3. Else Grech Accounting 4. Truth in Accounting 5. Kauser Wise 6. The Accounting Space with Martin Turner 7. The Accounting Professor 8. Bloomberg TV Markets and Finance 9. Ryan Scribner 10. Financial Times 11. BeatTheBush 12. WisdomCA 13. Corporate Finance Institute 14. Patrick Boyle 15. Executive Finance 16. Wolf Of Dubai Financial Business Channel 17. Mint.com 18. Stock Tricks 19. Corporate Valley 1. 2. 3. 4. 5. 6. 7. Proformative Accountant Forums Reddit Accounting AccountingWEB Intuit ProConnect Youth4work Accounting & Finance Forum 8. FINANCIAL AUDIT AND ACCOUNTING SUBCOMMITTEE (FAAS) Influencers in Accounting 1. Jennifer Wilson (Co-founder and owner, Convergence Coaching) Jennifer Wilson is co-founder of ConvergenceCoaching, LLC, a management consulting firm that helps CPA firm leaders achieve success. The creator of the first successful CPA firm influencer program while an employee of State of the Art Software (creators of 4 MAS90 software which was later acquired by Best Software and then Sage), Jennifer changed the relationship between accounting and technology forever. She has been recognized by awards in every category and is a thoughtful and outspoken mentor to CPA firm managing partners around the world. You will find her annually in the list of ‘Top 100 Most Influential People in Accounting’ by Accounting Today, the Most Powerful Women in Accounting, and in CPA Practice Advisor’s Top 25 Thought Leader Hall of Fame. Connect with Jennifer on – LinkedIn, Twitter 2. Randy Johnston (Regular columnist, Entrepreneur, Technologist, CEO – K2 Enterprises, Network Management Group, Inc.) Randolph P. (Randy) Johnston, is one of the top-rated speakers in the field of technology. His entertaining and informative presentations make him a regular at National Conferences and State CPA Society events around the US. He is a CPA Practice Advisor Top 25 Thought Leader and has been recognized by Accounting Today as one of the Top 100 Most Influential People in Accounting for 13 consecutive years. Randy’s ability to share key information about multiple applications in a short period of time (in a way that still qualifies for CPE) has enabled accountants of every generation to keep abreast of the latest technology. He is a partner in K2 Enterprises in Hammond, LA and Founder of Network Management Group, Inc. in Hutchinson, Kansas. Connect with Randy on – LinkedIn, Twitter 3. Doug Sleeter (Founder and former CEO of The Sleeter Group, Advisory Board Member – Multiple Companies) Doug Sleeter is the founder and former CEO of The Sleeter Group. After selling his business to Diversified Communications (Accountex conferences) in 2015, Doug has provided his considerable insights to technology companies around the world. His advice and mentorship on 5 applied technology and the people behind it is a priceless gift to everyone he meets. A CPA Practice Advisor Top 25 Accounting Industry Thought Leader, Doug was inducted into their 2017 Hall of Fame. Throughout his career, he has been instrumental in driving accounting software education for bookkeepers and accountants which has led to numerous industry awards including Accounting Today’s ‘Top 100 Most Influential People in Accounting’ list from 2008-2015. He is passionate about small businesses and the technology that enables them to thrive. His latest mission is getting the profession to embrace blockchain technology and cryptocurrency when he’s not busy with his real passion, woodworking. Connect with Doug on – LinkedIn, Twitter, Facebook 4. Erik Asgeirsson (President and CEO – CPA.com, Speaker) CEO of CPA.com, Erik Asgeirsson has more than 20 years of experience leading technology organizations. He has been recognized as one of the ‘Top 100 Most Influential People in the Accounting Profession’ by Accounting Today for 10 consecutive years, thanks to his influential role in identifying technology solutions and promoting them to accountants through CPA.com. He is a frequent speaker at conferences and seminars and a member of the Digital Now Advisory Group for business leaders. Connect with Erik on – LinkedIn, Twitter 5. Joanie Mann Cooper (Consultant and Hosting Solution Pioneer) Joanie Mann was one of the first people involved in hosting desktop applications. Her blog, bookkeeping in bunny slippers, helped accountants around the world embrace the idea of hosted accounting applications. Her expertise in SMB/SME application hosting and remote access solutions plus her knowledge of accounting software makes her a sought-after speaker and consultant. A true believer and frequent evangelist for the technology-enabled or cloud-enabled service model, she also has a deep understanding of the 6 SMB market and their unique requirements. Connect with Joanie on – LinkedIn, Twitter Best Personal Finance Influencers 1. The Financial Diet @thefinancialdiet Category: fundamentals of personal economy The Financial Diet is a team of authors comprised of 8 women based in New York, USA. It wasn’t always like that, though. TFD appeared on the personal budgeting scene back in 2014 when Chelsea Fagan decided to start a personal blog. Born as a small personal contribution to the complex topic of finance management, TFD managed to develop into a cross-platform undertaking. Now you can enjoy this treasure trove of useful finance advice on Instagram too. The Financial Diet was created by women and for women and goes far beyond the topic of budgeting. Here you can find all you ever wanted to know about personal finance, from basics and personal stories to professional opinion. According to the authors, their goal is to let their audience discover the world of personal finance. And to realize that it’s not as frighteningly complicated as it might seem. 2. Kevin O’Leary @kevinolearytv Category: venture capital, investment, entrepreneurship. A Canadian citizen, Kevin O’Leary is quite well known both in Canada and the US as an entrepreneur, politician, and TV personality. During the late 90s, he sold a tech company he founded which made him a multimillionaire. Since then he’s been managing his money on his own. 66-year old O’Leary made a name for himself as an investor and he wants to share some of his wisdom with you. But even if capital investment isn’t exactly your thing, follow him for some professional advice on finance basics and personal business management. 3. Tiffany Aliche @thebudgetnista Category: personal finance Tiffany Aliche spent a decade teaching preschoolers in Newark, NJ. Now she teaches people how to manage their money right. And it seems like her experience served this 41-old financial educator and author well. She has that undoubted talent for explaining complex things with simple words. Thanks to her, thousands of women gained more confidence in their personal financial skills. Tiffany explains how to save, get rid of debts, and gives general finance advice in a good-humored, down-to-earth manner. Aliche has multiple social media channels but her Instagram account is one of the most popular ones. But social media isn’t the only place where you can see her. She appeared on TV shows, there were articles about her published in New York Times and Forbes. What’s more, her first book, Get Good With Money, will be available for purchasing very soon. 4. Clever Girl Finance @clevergirlfinance 7 Category: finance-related motivational group for women Clever Girl Finance (CGF) is an online platform started by Bola Sokunbi, a professional financial expert and educator. Today, CGF is a team of five finance pros that offer women the support and education they often need when navigating the complicated world of personal finance. While so many bloggers out there might tempt you to splurge, CGF teaches how to stay within your budget. In fact, it teaches more than that. Thanks to them, you’ll learn how to avoid financial mistakes or getting into debt, thrift, and build financial security. They know that staying within budget can give you the peace of mind so many of us need. And they can help you understand that being happy means spending on what you need rather than what you want. 5. Jeremy Schneider @personalfinanceclub Category: personal finance & investment Jeremy Schneider from San Diego, California wasn’t a successful businessman his entire life. According to him, he used to work for under $40. 000 a year and could barely make ends meet. However, he was able to build his small startup and is on his way to earning his first million. Jeremy is here to let you know that frugal spending habits and competent investing are the things that pave your way to financial security and true wealth. Jeremy Schneider is great at explaining how all of your financial decisions have consequences. There’s no doubt we all could use this kind of advice and avoid many pitfalls. 6. Haley Sacks @mrsdowjones Category: finance basics Let’s admit it: more often than not, we avoid learning more about the important subject of personal finance just because it seems to very serious and complicated. Well, you won’t have that problem with Haley Sacks from New York so you are officially out of excuses. Haley is gifted enough to teach you financial literacy in a relatable and lighthearted way. Trust me, you’ll enjoy learning how to become more financially efficient by thrifting, spending mindfully, and building your future wealth step by step. Sacks call herself a financial popstar and makes sure that this title is fully justified. Just like the best of teachers, she’ll entertain you as she lets you learn how to be better at personal finance. PGD In Accounting And Finance Course Curriculum 1st Quarter (6 Credit Hours) COURSE 1. FINANCIAL ACCOUNTING 1. The introduction to accounting 2. Quantitative characteristics of financial information 3. Sources, records and books of prime entry 8 4. Ledger accounts and double entry, from trial balance to financial statements, control 3ccounts. 5. Bank reconcihation 6. Correction of errors, 7. Preparations of financial statements of sole traders 8. Company accounting, 9. Preparations of financial statements for companies 10. Statement of cash flows. 11. Introduction to consolidated financial statements, 12. The consolidated statement of financial position 13. The consolidated statement of profit or loss COURSE 2. MANAGEMENT ACCOUNTING 1. 2. 3. 4. Introduction to Management accounting Cost classification and cost behavior, CVP analysis, Accounting for materials, labor and Accounting to overheads, 5. Absorption and marginal costing 6. Income statement preparation under absorption 7. marginal costing 8. Standard costing, 9. Cost variances 10. Sales variances and operating statements, 11. Budget preparation, 12. Fixed and flexed budgets, 13. Cash budgets 14. Production budgets 15. Ales budget. Master budget 16. Budgeted statement of profit or loss 17. Budgeted statement of financial position 18. Making budgets work, methods of project appraisal 19. Financial performance measurement 20. Assessing non-financial performance 2nd Quarter (9 Credit Hours) COURSE 3. FINANCIAL REPORTING The conceptual framework, tangible non-current assets, intangible assets, impairment of assets, revenue. introduction to groups, the consolidated statement of financ4al position, the consolidated statement of profit or loss and other comprehensive income, accounting for associates, financial instruments, leasing, provisions and events after the reporting dates, presentation of published financial statements, reporting financial performance, earnings per share, calculation and 9 interpretation techniques, statement of cash flows. accounting for inflation and specialized, non-for-profit and public sector entities COURSE 4. AUDITING & ASSURANCE Audit and assurance engagements, statutory audit and regulation. corporate governance, professional ethics and quality control procedures, internal audit, nsk assessment, audit planning and documentation, introduction to audit evidence, internal control, test of controls, audit procedures and sampling, audit evidence, audit review and finalization and repots COURSE 5 FINANCIAL MANAGEMENT Financial management & financial objectives, the economic environment for business, financial markets, money markets and institutions, working capital, managing working capital, working capital finance, investment decisions, investment appraisal using DCF techniques, allowing for taxation and inflation, project appraisal and risk, spec*fc investment decisions, sources of finance, dividend policy, the cost of capital, gearing and capital structure, capital structure, business valuations, market efficiency, foreign currency nsk and interest rate risk 3rd Quarter (6 Credit Hours) COURSE 6. CORPORATE TAXATION IN PAKISTAN LEVEL 1 Introduction, Corporate Tax Planning, Tax Avoidance, Tax Evasion • Concepts & Objectives • Factors & Methods • Tax Planning and Corporate Planning • Different types of Company Taxation of Companies (residential status, tax liability, MAT provision) • Residential status & Incidence of Tax for Corporate Assessee • Taxation of Company-Computation of tax liability • MAT-Provision • MAT Credit Dividend tax, Tax planning- I (Location of business) • Dividend Tax-Types of dividend • Case study on dividend tax CORPORATE TAXATION IN PAKISTAN LEVEL 2 • Tax Planning- Employees Remunerahon • Tax planning-Locahon of business 10 Tax Planning-Nature of business Tax Planning-Forms of business • Sole proprietorship & Partnership) • Partnership & Company • LLP & Company Tax Planning-Managerial decision • Tax Planning-Managenal decision-I (Capita) structure & dividend policy) • Tax Planning-Managenal decision-Il (Procurement of assets-Lease vs. purchase) • Tax Planning-Managenal decision-Ill (Procurement of assetsInstallment vs HP) Tax Planning-Business Restructuring • Tax Planning-Managerial decision-IV (Make or buy) • Business Restructunng-Amalgamation Project/Field Placement ( 3cr. hrs) 4th Quarter (9 credit Hours) COURSE 8(3 credit Hours) CORPORATE TAXATION IN PAKISTAN LEVEL 3 Double Taxation Relief and Transfer pricing Tax Procedure and Management- I • Transfer Pncing and International ICross border taxation • Advance Payment-Concepts and Problems • Voluntary return of income Tax Procedure and Management-Il • Tax Deduction at Source Procedure and Management- Ill • Procedure of assessment, appeals & Revision Procedure and Management- IV • Search, Seizure and Assessment • Refund Procedure Project/Field Placement ( 3cr. hrs) PGD In Accounting And Finance PROGRAMME DESIGN S Courses of 3 crdit hours each Duration of each course: 9 weeks 1 project of 6 credit hours Duration of project 16 weeks 11 Registration Fee: Rs.1000/Document Verification Fee: Rs.2000/Investment for Hybrid Mode (Online + Physical) Rs. 22,000 per course (Rs.11,000/- per month) Total: Rs. 135,000/Investment for Distance Learning Mode Rs.26,500 per course (Rs.13,250/- per month) Total: Rs. 162,000/- Eligibility Any Graduate with Minimum 2nd Division (a particular programme may have higher requirements) Students of 3rd year & Final Year can also apply. References 1. https://academy.neduet.edu.pk/pgd-accounting-and-finance 2. https://academy.neduet.edu.pk/postgraduate-diploma-in-Economics-FinancialManagement 3. https://academy.neduet.edu.pk/accounting-finance 4. https://www.vu.edu.pk/pages/pgdA.aspx 5. https://www.vu.edu.pk/AcademicPrograms/StudyScheme.aspx?sp=PGD_in_Acc ounting%7EFinance 6. https://www.vu.edu.pk/pages/pgdAF.aspx 7. https://www.pim.com.pk/product/diploma-in-accounting-and-finance-islamabad/ 8. https://www.acecloudhosting.com/blog/best-accounting-blogs/ 9. https://www.google.com/search?source=univ&tbm=isch&q=Accounting+and+Fin ance+books&sa=X&ved=2ahUKEwjbnsaTudDyAhUOHxoKHdiOBMsQjJkEegQI MBAC&biw=1366&bih=625 10. https://blog.feedspot.com/finance_youtube_channels/ 11. https://blog.abacus.com/best-accounting-discussion-forums/ 12. https://www.acecma.org/committees-forums/accounting-finance 13. https://www.intosai-faas.org/discussion-forum.html 14.
