EXECUTIVE DIPLOMA IN APPLIED SME FINANCE

OBJECTIVE OF THE EXECUTIVE DIPLOMA IN APPLIED SME FINANCE

Many officers and executives working in the accounting function have become overly focused on single task-based work for many years. Such task-based work include receivables accounting, accounts payable payment processing, inventory accounting and control, bank reconciliation and online banking processing. A staff member involved in these task-based activities have not acquired diverse knowledge and accounting work skills, but experiences limited to those daily routine tasks which would be soon replaced by advanced accounting programmes, artificial intelligence and office robotics. The potential for upward movement is limited.

Migrating to other job roles in accounting and finance would be difficult. Many of these accounting officers and executives may have a diploma or university degree in accounting, but their work knowledge and skills have not kept in pace with their salary increment. Due to their focused work roles in these single-tasked areas, many of them have limited employability in accounting and finance, and may need to seek new roles or new jobs. For this purpose, some consider doing advanced degree courses such as an MBA, hoping that would help improve their career prospects. That is unlikely to happen even with an MBA.

Finet Associates and the ANZ Institute now offers a reskilling programme for an easy transition to the finance function beyond accounting roles. The background of accounting would be helpful but new work knowledge of business finance is necessary as a first step. Hopefully with this added work-based learning in SME finance, the career and employment options are now improved dramatically, rather than staying in inventory control, or receivables accounting.

Courses Summary

MAIN COURSE OBJECTIVE
Accounting skills and related data entry functions are continuously being automated  and likely to be taken over by AI. Accounting and finance are different  functions and each requires different work knowledge and skills. Financial skills will remain  crucial with the assistance of AI no doubt. But unlike accounting, managing finance adds value to the business, such as saving costs, faster cash flow collection and improving ROI. Accounting is different. It is natural to move to finance from accounting roles. On completion, the diploma holder is ready for initial financial roles in the business organization.

COURSE MODULES

1. Understand financial reports
2. Business costing and pricing
3. Credit & cash flow management
4. Financial planning and budgeting
5. Investment evaluation
6. Corporate finance and capital markets
7. SME financial controls
8. Loan application & negotiation

COURSE DELIVERY

• 2 months duration
• Online delivery on zoom
• 3.00 pm to 6.30 pm twice weekly
• Assignment and assessment required

FINET ASSOCIATES TRAINERS & COACHES
All Finet trainers and lecturers have ACCA & CPA accounting and financial qualifications with industry and teaching experiences @ various organizations such as the ACCA Malaysia, Hong Leong Bank, RHB Bank, Selangor Human Resources Centre & Tenaga Nasional Bhd.

ENTRY REQUIREMENTS FOR ENROLMENT

Applicants for enrolment must have the following minimum requirements :-

1. Pass in SPM or GCE equivalent ,or the UEC High School Certificate Malaysia.
2. Proficiency in English or Bahasa Malaysia which are the means of instruction
3. Submit the official Enrolment Form
4. Demonstrate commitment to complete the programme by providing a surety.
5. Pays a deposit of equivalent to RM600 on enrolment
6. Undertake to pay Finet Associates for the cost of the diploma training on commencement of full – time employment. Details on application.