This program is designed for those wishing to undertake further studies in accounting, having already completed a Diploma level qualification in this discipline. It extends the skills and knowledge applicable to a number of key accounting specialist job roles and provides the basis for articulation into CPA PNG programs in accounting or bachelor degree in other business disciplines.  The Advanced Diploma in Accounting described as the process of recording, analyzing, and summarizing financial data, accounting is an incredibly robust and secure industry said to attract individuals with great organizational skills and a high understanding of mathematical processes and applications. To keep up within this industry individuals must keep their qualifications and skills up to date.

Course Fees:  K8,800 (K1,500 on registration followed by approved installments)

Entry Requirements: Successful completion of ITI Diploma in Accounting course or the equivalent in other Institutions recognised by ITI.



Financial Accounting

Financial Accounting

Description
 The subject provides students with to equip the student with preparation and presentation of the financial statement using the International Accounting Standard (IAS) for external users. All of these encompasses on preparation or introducing students majoring in accounting the underlying factors in the conduct of business activities, the processes, steps and necessary actions at an elementary financial transaction in the contemporary Business environment.

Learning Outcomes
After completing this subject, the students are expected to:
1. explain the meaning of the key terms and concepts listed at the consolidated financial statement
2. prepare consolidated income statements, including the entries for minority interests and simple examples of intragroup sales
3. Explain accounting ratio analysis
4. Calculate ratios for assessing a company’s position in the stock market
5. Apply the revenue recognition principle
6. Apply the percentage-of-completion method for long-term contracts.
7. Identify the proper accounting for losses on long-term contracts.
8. Prepare Financial statement for Planation Industry
9. Understand the different account treatment for extract industries



Management Accounting

Management Accounting

Description:
This subject provides students with the system, procedures and policies that assist an organization to make decisions about virtually all matters, which affect its financial health and performance. Whereas Financial Accounting addresses itself primarily the preparations, use and analysis of the information by and for those outside the organization, management accounting serves decisions makers within the firm.

There are three main roles of management accounting to play in the organization: (a) the generation and interpretation of the basic cost accounting information; (b) providing a framework and setting of tools that can be used to help the organization make strategic decision about its product, markets, prices, etc.; and (c) providing the framework, within which the management’s task of planning and controlling are conducted. In this course we will explore some of the basic issues from each of these three areas.

Learning Outcomes
After completing this subject, the students are expected to:
1. Explain the scope of management accounting and what drives the work of management accountants
2. Define and remember the terminology associated with concepts of cost, and what cost elements constitute product cost
3. Define and remember the terminology associated with concepts of cost, and what cost elements constitute product cost
4. Identify the differences between actual overheads rates and predetermined overheads rates for product costing
5. Calculate and use plant wide and departmental overhead allocation rates
6. Explain the purpose of using standard cost and be able to operate a standard cost system
7. Analyze the profitability of a project under each method of investment appraisal Technique
8. Understand the factors that changes the value of Working capital
9. Understand controls in Budgeting



Intermediate Audit

Intermediate Audit

Description:
This subject provides students with the field of auditing and assurance. It provides students with a sound understanding of fundamental auditing concepts and procedures, and the application of auditing standards. Consequently, the course provides a foundation for students, who intend pursuing a specialized pathway in the auditing profession, as well as those who will pursue careers in accounting and other disciplines where principles of risk assessment, systems control, and evaluation, and transaction testing is important. While the course focuses mainly on the practical application of an external financial audit that is regulated under Company Act 1997, it also explores the wider audit and assurance framework; including the internal audit function, and some environmental auditing issues. In addition, the course seeks to stimulate a critical appreciation of contemporary auditing and assurance issues.

Learning Outcomes:
After completing this subject, the students are expected to:
1. Demonstrate an understanding of fundamental audit concepts
2. Apply a range of audit procedures
3. Apply auditing standards
4. Demonstrate an understanding of the legal context in which auditing occurs
5. Demonstrate an understanding of the importance of professional ethics and apply the profession's code of ethics
6. Demonstrate an understanding of the role of audits in society
7. Understand how recent developments in auditing theory and practice



Introduction of Economics

Introduction of Economics

Description:
This subject provides students who have not sat through a formal economics class before and are new to the subject of economics. The course aims to equip potential managers and those who are pursuing into Economics with valuable foundational knowledge about the economic environment in which every household and firm is operating within. At the end, after all lessons and assessment activities, the participants should be able to appreciate the relevance the course has with the economy of Papua New Guinea.

Learning Outcomes
After completing this subject, the students are expected to:
1. Define Economics and role scarcity plays in defining economic choice
2. Describe the simple circular model
3. Understanding on Market forces influences on buyer and seller behavior
4. Describe price elasticity of demand and supply
5. Demonstrate how an effective price ceiling is the equivalent of a tax on producers and a subsidy to consumers
6. Identify the national income accounts
7. Understand Macroeconomics Polices



Elements of Information System

Elements of Information System

Description:
This subject introduces to students the concepts of Information Management and imparts an understanding of the use of modern Information Management Technologies in Accounting with the purpose of improving work towards efficiency and effectiveness in the dynamic environment. The study mainly focuses on the areas of information Systems, Modern Information Technology and Information Systems Development.

Learning Outcomes:
After completing this subject, the students are expected to:
1. Explain the importance of information and Management of Information Systems
2. Explain the modern Information Management process with computer-based Information Systems
3. Understand different information requirements of different groups in an organization
4. Describe different types of Information Systems
5. Understand the evolution and roles of information Systems
6. Identify components of Computer-Based Information Systems
7. Understand the importance of structure, selection of Accounting Software, and Enterprise Resource Planning (ERP) Systems.
8. Explain the importance of computer networks and types of Networks such as the Internet, Extranet and Intranet
9. Understanding the Importance and planning of information systems development
10. Understand the steps in the Information Systems Development Process and different methods
11. Understand the documents, persons involved and tools used in the Information Systems Development Process
12. Understand the domain of Information System Security and the controls adopted to improve Security



Specialised Accounting Practices

Specialised Accounting Practices

Description:
This subject provides students to an in-depth study of some of the more complex issues in financial accounting including branch accounting, partnership accounting, Accounting for goodwill and revaluation, etc.

Learning Outcomes:
After completing this subject, the students are expected to:
1. Explain the importance of Partnership accounts with goodwill computation
2. Explain the revaluation of assets on admission and retiring of partners
3. Understand consignment account with consignor ledger
4. Calculate departments profit and loss account
5. Prepare a branch account to compute the profitability of each branch.
6. Understand the importance of the structure of joint ventures accounting
7. Prepare bill payable and bill receivable account
8. Understand the accounts for club and societies
9. Identify Subscription account with comparing with Income and Expenditure Account
10. Understand the different methods of accounting for the extractive industries



Professional Ethics

Professional Ethics

Description:
This subject provides students with valuable knowledge of professional ethics to be self-disciplined & be able to conduct themselves as professionals at work.

Learning Outcomes
After completing this subject, the students are expected to:
1. Understand the important aspects, concepts, and principles in the subject area
2. Explain the rationality of the concepts and their relative importance in business
3. Analysing the applications of concepts and principles in a business
4. Diagnosing a business environment with the concepts and principles
5. Identifying issues and problems related to the contents of the subject area
6. Researching for alternatives to resolve the issues and problems
7. Design and develop appropriate plans to resolve the problems identified



Quantitative Methods of Business

Quantitative Methods of Business

Description:
This subject provides students with a quantitative approach with models in business applications. It covers basic algebraic functions to applications of matrices, differentiation, and calculation of time value of money in business. The general purpose of this subject is to provide students with the applications of mathematical models in business with different approaches in making quantitative decisions in business operations.

Learning Outcomes:
After completing this subject, the students are expected to:
1. Understand the algebraic functions, indices, and fractions.
2. Explain the relationship models of variables
3. Describe the important applications of linear and quadratic models in the business.
4. Market applications with demand and supply functions and application of elasticity.
5. Application of matrices in business.
6. Application of differentiation in business
7. Use of models in financial calculations, especially the time value of money.