Diploma in Accounting and Financial Management


1. Title and Origin:
• Diploma in Accounting and Financial Management (DAFM)
Awarded by:American Center for Education


2. Program Summary:

The Diploma in Accounting and Financial Management aims to provide students with the key knowledge and understanding of accounting principles and concepts underlying all financial accounting including the preparation of accounting entries for non-current assets; advanced bookkeeping; the preparation of journals for correction of errors and year-end adjustments; the preparation of the extended trial balance to incorporate these adjustments and the preparation of financial statements for businesses and incorporated companies e.g. sole traders, partnerships, limited companies, and not-for-profit corporations.

Candidature Period:

This diploma has a 12 month candidature from the course end date stated on student contract.


3. Entry Requirements:

Academic Requirements:

• C6 in any 5 ‘O’ level subjects or

• At least 10-year education or

• Pass ACE English Placement Test or

• Equivalent or above

Age Requirement:

Minimum age: 16

English Requirements:

• Scored C6 or above in GCE O-level English, or

• ACE English Placement Test or

• TOEFL IBT 54, or IELTS 5.5, or

• Its equivalent


4. Total Course Duration/Instruction Hours:

• Full Time: Theory study, 6 Months/216 hours, 5 sessions per week x 3 hours

• Part Time: Theory study, 9 Months/216 hours, 3 sessions per week x 3 hours


5. Mode of Delivery and Intake:

Delivery    : Lectures and Tutorials (Blended)

Intake      : Mar, May, Jul, Sep and Nov of each year

*Note: The course intake months might be adjusted.


6. Course Fees:

• Please click here to find out the relevant fee details.

• ACE has Regional Course Fees List for Vietnam and Philippines. Please contact our Course Consultant for the latest Course Fees List.

• Please follow your signed student contract to make the relevant payment.

• Students and parents shall transfer the course fees directly to ACE bank account or make the payment to ACE finance department.

• Students and parents shall pay attention to the risk of paying course fees through recruitment agents or other third parties.


7. Course Synopses and Module Description:

Design to help learners acquire the working knowledge for analyzing financial and management accounting information and learn to relate and apply accounting and finance principles to key business decisions.

Core units:

1. Introduction to Bookkeeping and Accounting

2. Introduction to Financial Accounting

3. Fundamentals of Cost and Management Accounting

4. Principles of Cost Accounting

5. Business Statistics Part 1

6. Business Statistics Part 2


8. Graduation Requirement

The student is required to complete all 6 core units.


9. Assessment Methods:

• 45% Assignment (Homework, Quizzes, Group work & etc)

• 25% Mid-Term Examination

• 30% Final Examination


10. Lecturers:

Please refer to this page for the relevant lecturers being assigned to the relevant modules.


11. Academic Progression:

Please refer to this page for ACE Program Academic Progression Path.


If you need any extra information about this course, please click here to write to ACE course consultants.


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