Diploma in Accounting and Finance at Polytechnic of Namibia

What is Diploma in Accounting and Finance?

This is a 2-year programme offering participants knowledge in accounting principles to be effective managers in organisations. Courses taught include Financial Reporting, Business Accounting, Business Finance, Taxation, and Auditing.

Entry Requirement

30 points in 5 subjects including an E-symbol in English and a C-symbol in Mathematics. Mature Age Candidates must pass the PoN English Test and Mathematics test with 50% and 60% respectively.

Frequently Asked Questions

What can I do with a Diploma in financial accounting?

  • Financial Accountant,
  • Accounting Officer.
  • Tax Practitioner.
  • Tax Consultant.
  • Assistant Manager.
  • Management Accountant.

What is the course of accounting and finance?

It is a course that teaches the fundamentals of accounting and finance practices. Through this type of course, a person can learn the technical skills associated with many of the procedures of financial analysis and accounting standards.

Which Diploma is best for accountant?

The Certified Public Accountant (CPA) certification is one of the most important certifications for accountants. and is also significant for a finance career path . For a career in accounting, the CPA is virtually a “must have” certification.

Can I get a job with a diploma in accounting?

One can be employed as an accountant, bookkeeper, accounts assistant, accounts clerk, accounts payable processor, administrative coordinator, and administrative assistant.

Can you become a CA with diploma in accounting?

Does this mean that if a student does the Advanced Diploma they can become a Chartered Accountant (CA)? No, the Advanced Diploma does not make you eligible to apply for the Post Graduate Diploma in Accounting Sciences.

Which is harder accounting or finance?

Generally speaking, people consider accounting majors to be more difficult to study and pass than finance majors. And there are a few different reasons for this. The content of accounting majors is, on average, much more technical than for finance majors, and this can make it more difficult.

What do cost accountants do?

In general, a cost accountant takes ownership of an organization’s financial health. They tend to focus on developing and maintaining effective budgets and costs associated with an organization’s operations.

What is commerce accounting?

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.

What does financial accounting include?

Financial accounting is the process of recording, summarizing and reporting a company’s business transactions through financial statements. These statements are: the income statement, the balance sheet, the cash flow statement and the statement of retained earnings.

Is it easy to become a Chartered Accountant?

Becoming a Chartered Accountant is not an easy task its really very hard. One needs to be very focused and dedicated towards CA course. Need to study very hard for the CA course for long hours. If you see the percent of the students passing and successfully completing the CA course is very low every year.

How many modules are required for Diploma in accounting?

1 To be promoted from the first year to the second year of study, the student shall have passed six out of ten modules in the first year, including a least one module of Financial Accounting 1.

What is better accounting or finance?

An accounting degree allows for many more options. Finance majors have courses more focused on financial services and consultancy. Finance is a great choice for those students who want to manage current and future financials of a company or organization.

Does finance have a lot of math?

Some of the main math-related skills that the financial industry requires are: mental arithmetic (“fast math”), algebra, trigonometry, and statistics and probability. A basic understanding of these skills should be good enough and can qualify you for most finance jobs.

Is finance a good career?

A career in finance is exciting and rewarding, and, usually, very lucrative. It attracts young people who are hugely ambitious but who also have a head for economics, accounting and the ability to quickly and intuitively grasp and process complex financial concepts and data. Finance is all about managing money.

Is studying finance hard?

Finance is a moderately hard major. Finance is easier than STEM subjects but more difficult than liberal arts majors. Most students find a finance degree difficult because of the moderately complex mathematics involved, the interdisciplinary approach, and the unfamiliar concepts and vocabulary included in the major.

Is accounting a good career?

Accountants play an incredibly important role in every organization, making this a great career for anyone who wants to work in an important position. Salaries for trained accountants are quite high, which means this is an excellent industry for anybody looking to maximize earning potential.