Diploma in Business Studies
The Diploma in Business Studies is a flexible, hybrid program designed for working professionals seeking to strengthen their business knowledge and practical skills. Delivered through a blended learning approach, the program combines online and face-to-face learning with workplace-related applications to support real-world experience. Entry is open to Grade 12 graduates with C grades or better in relevant subjects. The program develops competencies in business operations, communication, problem-solving, and ethical practice, preparing graduates for career advancement or progression into higher education pathways.
-
Accounting Principles
Study Period: Semester OneUnit code: FM211
Credit points: 15
Campus: Madang
Accounting is involved with identification, classification, of business transaction source documents to enable the preparation of financial statements that provide relevant information for making business and economic decisions. This unit focuses on accounting information for non-incorporated businesses. It will equip students with an understanding of accounting fundamentals including the users of accounting information, assumptions and principles underlying accounting, definitions of key terms (asset, liability, owner’s equity, revenue and expense), and accounting systems for unincorporated single and multiple owner businesses. The unit emphasizes skills development, applications and financial analysis. It will allow students to examine transactions and events in more complex settings and deals with assets, liabilities, and different business structures. Students will be equipped with principles, concepts and policies underpinning accounting action and analyse the financial statements and measurement of profitability, financial and liquidity. -
Business Management & Law
Study Period: Semester OneUnit code: FM228
Credit points: 15
Campus: Madang
This unit provides introductory knowledge on the principles and practices of management and the roles of manager in the organization. It mainly revolves around the basic functions of managers, specifically planning, organizing, leading and controlling. Apart from providing the students with the beginning level of understanding management principles, case studies are analyzed using various and appropriate strategies and techniques based on relevant principles and theories. The extension of the unit provides students the knowledge and understanding of the PNG law and PNG business law as well as the legal requirements for the formation and operation of various entities carrying on business activities in PNG.
-
Communication in Business
Study Period: Semester TwoUnit code: FM213
Credit points: 15
Campus: Madang
The unit comprises of two components namely written and oral communications. The written component aims to provide the students with the knowledge and skills to write clear, concise, relevant and effective business correspondence, reports and memoranda. The oral component comprises of composing a draft for an interview, taking dictation, use of telephone and presentation of reports. For the students apply effectively the concepts of the two components, reading with utmost comprehension business correspondence, reports and memoranda shall be emphasized. -
Ethics in Business
Study Period: Semester TwoUnit code: FM214
Credit points: 15
Campus: Madang
This unit examines the Christian ethical values and moral practices in a business environment. It explores the ethical behaviors and social responsibilities of business enterprises towards their employees, customers, suppliers and the community as a whole. It focuses on policies, decision and work procedures related to human resource management, production and marketing of goods and services as well as social desirability of investments to the community. The unit will compare and contrast different ethical theories and identify the moral principles that will guide the behavior of decision-makers of business enterprises.
-
Financial Accounting
Study Period: Semester OneUnit code: FM219
Credit points: 15
Campus: Madang
This unit provides students with a set of inter-related concepts defining the nature, purpose and broad contents of financial reporting. It focuses on the development and communication of financial information for the external users primarily through general-purpose financial statements. It also considers the design and implementation of accounting information systems as a data model for resource allocation and management of an organisation. It includes consideration of current trends in information management and the changing regulatory requirements. This unit continues and focuses on the financial accounting sequence of investing, common accounting disclosures of a business and the other dimensions of corporate financial accounting and reporting. Accounting issues in accordance with International Financial Reporting System (IFRS) on corporate reporting are also explored. -
Fundamentals of Finance
Study Period: Semester OneUnit code: FM217
Credit points: 15
Campus: Madang
This unit introduces the core concepts of finance and the tools of financial decisions making in the context of PNG and integration environments. Concepts include time value of money, risk and return and capital structures. The unit is to develop an understanding of the basic practices of finance management from the standpoint of the firm.
-
Business Information System
Study Period: Semester TwoUnit code: FM227
Credit points: 15
Campus: Madang
This unit covers using simple spreadsheets and charts through the use of spreadsheet software and other computer applications. It also deals on the use and safe work practices, create simple spreadsheets and produce spreadsheets that are necessary and essential for those entering the business world. With a commonly used software application, this skills-based unit explains the fundamental principles and practical skills required to produce accurate calculations in worksheets with a professional appearance. The unit continues the extension with the application of accounting software package with practice set spreadsheet links. -
Cost Accounting & Budgetting
Study Period: Semester TwoUnit code: FM211
Credit points: 15
Campus: Madang
This unit aims to introduce students to the various cost concepts and explore the different cost accumulation procedures. Job order and process costing are explored and applied on business concerns, on service organizations such as health care organizations and hotel services. The first part of the unit covers the costs, its concepts and objectives, its vital role in management planning, organizing and control. The second part probes in detail the cost elements and its accumulation under job order costing and inventory valuation. Capital budgeting concepts are applied to costing.
Career opportunities and pathways for graduates.
While all our students are already employed, the program provides a wide range of career opportunities and provides pathways to higher degree studies
Entry Requirements
Grade 12 with C or better grades in core and related subjects
No career outcomes have been listed for this program yet.
No FAQs have been added for this program yet.
