Micro-Credential in Business Accounting & Finance
Programme Overview
The program offered by Lincoln University College (LUC) is focused to provide in-depth knowledge about the preparation of Balance Sheet, Income Statements and Management accounting statements for decision making will be imparted. This program is intended to be foundation courses for students who plan specialize in future accounting and finance career. The emphasis of this applied program is on the significant Business Accounting and Finance processes that take place in the context of large public or private organisations.
Learning Outcomes
On completion of the course participants should be able to:
• Interpret financial related issues in business.
• Compare financial data to forecast and benchmark financial operations for international organizations through an assignment.
• Present professionally practical applications for planning, controlling, organizing, directing, and decision-making in financial management
• Analyze investment project with financial management techniques.
Course Progression
Credits from this Micro-Credential Programme are transferable to the following full academic programme:
- Master of Business Administration (MBA)
Assessments
- Coursework 80%
- Final Examination 20%
Study Plan for Micro-Credential in Business Accounting & Finance
Week 1
| Managerial Accounting and the Business Environment
Enterprise Risk management | Management Seminar Session Simulations
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Week 2
| Cost Terms, Concepts, and Classifications
| Management Seminar Session Case Studies
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Week 3
| Cost Volume Profit (CVP) analysis
Computation of Target Volume Computation of Break Even Point (BEP), margin of safety · Graphical representations of CVP analysis o Multi-product analysis o CVP and Sensitivity analysis | Management Seminar Session Group Discussions
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Week 4
| Long-term Decision Making •Capital investment appraisal techniques Accounting rate of return Payback Discounted payback Net present value Internal rate of return Profitability index •Effects of inflation and taxation in capital investment appraisal •Risk and uncertainty, and sensitivity analysis •Capital rationing •Ethical issues in long-term decision-making | Management Seminar Session Group Discussions
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Week 5
| Activity-Based Costing: A Tool to Aid Decision Making Activity-Based Costing: An Overview Designing an Activity-Based Costing System The Mechanics of Activity-Based Costing Comparison of Traditional and ABC Product Costs Targeting Process Improvements Activity –Based Costing and External Reports The Limitations of Activity-Based Costing | Management Seminar Session Presentations Simulations |
Week 6
| Profit Planning The Basic Framework of Budgeting Preparation of Master Budgets Sales budgets Production budgets The direct Materials budgets The Direct Labour budget The Manufacturing Overhead budget The Ending Finished Goods Inventory budget The cash budget The budgeted Income Statement The Budgeted balance Sheet | Management Seminar Session Case Studies
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Week 7
| Relevant Costs for Decision Making Cost concepts for Decision Making Identifying Relevant costs and benefits Different Costs for Different Purposes Reconciling the Total and Differential Approaches Why Isolate Relevant Costs? Adding and Dropping Product Lines and Other Segments An Illustration of Cost Analysis A comparative Format Beware of Allocated Fixed Costs | Submission of Assignments |
Week 8
| Final Examination | Conclusion Session Awarding of Certificates Presentation by VC or Representative of VC
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Why Micro-Credential in Lincoln University College (LUC), Malaysia?
Micro-credentials in Lincoln University College (LUC), Malaysia offer a flexible, targeted, and accelerated pathway of acquiring industry-relevant skills that meet the demands of today’s evolving job market. Designed for students, professionals, and individuals seeking to upskill or reskill, credentials offer learning experiences and formally recognized certifications, with enhanced employability, and serving as stepping stones to higher qualifications. LUC’s micro-credential programs are supported by strong academic frameworks and offer clear progression pathways into full-fledged degree programs. After completing this Micro-credential course, professionals can use their updated skills to apply for promotions or switch to a different job role.