What is Diploma in Accounting and Auditing?

Diploma in Accounting & Auditing is a postgraduate Diploma level Accounts course. … Specialization subjects are statistics, taxation, marketing, accounting & finance, banking, and insurance. The course offers many job scopes in various fields after its successful completion.

Entry Requirement:

To register for Diploma in Accounting and Auditing an applicant should:

Have a minimum of 22 points in 5 subjects with at least a D in English (NSSC Ordinary level) as evaluated on the UNAM admission scale OR
Have passed certificate in accounting or auditing or certificate in taxation and management offered by the department of accounting, auditing and income tax with an average of at least 60% or a similar qualification offered by other institutions of higher learning.
Admission is also considered for persons who qualify through the Mature Age Entry Scheme upon successful completion of the relevant examinations as set out in the General Information and Regulations Prospectus.

Frequently Asked Questions

Can you become an accountant with a diploma?

The first phase towards becoming qualified begins with registering at any accredited institution that offers a Bachelor of Commerce: Accounting or a Bachelor of Science: Accounting and Finance degree or an equivalent diploma.

Is auditing part of accounting?

Auditing is a part of the accounting world. It is an examination of accounting and financial records that is undertaken independently. This is done to determine if the company or the business undertaking has conformed its operations to the laws and the generally accepted accounting principles.

Where can you work with a Diploma in accounting?

• Cost accountant.
• Cost clerk.
• Cost controller.
• Finance manager.
• Financial analyst.
• Financial controller.
• Financial investment advisor.
• Management accountant (further training required)

How long does Diploma in finance take?

This degree takes four years to complete and prepares you with the basic fundamentals you will need as a finance professional. While a bachelors degree in finance will build upon your finance skills, you will also be taught leadership and communication skills to fully round out your abilities.

What qualifications do accountants need?

Although you don’t need any A Levels or a degree to become an accountant, a competency in English and Maths is essential, and a good head for numbers is all you need to get started. There are many qualifications covering the basics of accounting which do not require any previous experience or qualifications.

Do you need a degree in accounting to be a CPA?

Although not required, most accountants attend college and earn a bachelor’s degree. However, a bachelor’s degree in accounting or a related field is considered the minimum education requirement for those who plan to become a CPA. A total of 150 credit hours in accounting and related areas are commonly needed.

Is Financial Accounting hard?

Accounting can be tough. The course load is quite intense, with classes in mathematics, finance, business, and accounting. While some concepts can be challenging, by studying the material and taking the time to make sure you fully understand accounting principles, you can be successful.

Is audit a good career?

There are lots of reasons to pursue a career in auditing, both for your enjoyment and for good future prospects. Auditors get the chance to visit lots of different companies and businesses. It is a career which challenges you and one in which you will always be learning.

Is auditing accounting or finance?

An audit is an independent examination of accounting and financial records and financial statements to determine if they conform to the law and to generally accepted accounting principles (GAAP).

Is accounting better than auditor?

No. Accounting is an act of maintaining the monetary records of a company in a way that they can help in the preparation of financial statements, which will give an accurate and fair view of the business of the company. Auditing is the evaluation of financial records/statements prepared through the accounting function.

How is diploma in banking and finance?

Diploma in Banking and Finance is a 1-year diploma level course that can be done right after class 12th. The course deals with all the basic aspects of banking and finance and trains students in the field of banking, finance, insurance, investment, risk management, computer application, IT and more.

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.

Do accountants do a lot of math?

Accounting isn’t hard-core math. It’s basic addition, subtraction, multiplication, and division. Possibly some light, entry-level algebra, but that’s it. You don’t have to understand calculus.

Do accountants go to university?

The short answer is no, you don’t need a degree to be an accountant. As with most careers, a postgraduate degree is desirable, but not essential. Some accountants do, but you’ll find many that don’t. Instead, most people in the industry will have completed an AAT (Association of Accounting Technicians) course.

Is accounting harder than nursing?

Nursing school is more challenging than obtaining an Accounting bachelor’s degree. Accounting can also be challenging but once a student gets a grasp of the fundamentals it’s much easier.

Is audit a stressful job?

Introduction Internal auditing is considered a stressful occupation because the job is often characterized by heavy workloads, many deadlines, and time pressures.