Diploma in Financial Management (DFM)

About the course

The Diploma in Financial Management is a Bhutan Qualification Framework (BQF) Level 5 qualification with 240 credit point (CP) course designed for the class 12 completed.  The course is designed within the broad context of international financial management practices to suit both public and corporate financial management. The focus of the course is to develop professionals with adequate knowledge and operational skills to undertake financial related tasks and also inculcate transferable and lifelong learning skills. The participants are provided with a sound understanding and hands on skills of accounting and bookkeeping to prepare for an accounting career in the government, public, corporate and not-for-profit organizations. This course is designed to provide a foundational knowledge and skills for those aspiring to pursue membership in accounting professional bodies at an undergraduate level.

Course level and duration

The DFM is a Bhutan Qualification Framework (BQF) Level 5 qualification undergraduate Diploma course with 240 credit point (CP). The course is offered for the duration of 18 months with four terms campus-based teaching and learning. The rest of the period will be of the industry placement with the relevant both government and corporate organizations.

Admission requirements

Admission to the course is governed by Admission Policy of the Royal Institute of Management (RIM). For details visit the following link www.rim.edu.bt. To be eligible for admission, participants have completed class 12 in commerce in commerce or other studies with Business Mathematics and/or equivalent.

The course is taught in English and as such participants are expected to be conversant in the English language at the graduate level.

Course aims and objectives

The Diploma in Financial Management aims to develop graduates with adequate knowledge, operational skills and personal attributes necessary to become accountants in the government, private and corporate sectors.

The objective of this course is to make our graduates career ready by:

  • Developing a wide range of bookkeeping and accounting knowledge, skills and attitudes needed for corporate and private sector;
  • Developing wide range of government financial management and accounting system.
  • Inculcating professional standards of integrity, honesty and ethical competencies;
  • Developing attitude and skills for customer service excellence; and
  • Developing skills and attitude essential for lifelong learning.

Course requirements and learning outcomes

The Diploma in Financial Management course is a 240 credit points (CP) BQF level 5 course delivered over 18 months intensive mode spread over four terms. First 4 terms will be engaged in the campus based intensive teaching and learning focus on skills development. The term 5 will be industry placement with the objective to develop skills through practical hands-on application. The campus teaching term will comprise of 13 weeks inclusive teaching, assessments and evaluation. The units offered in the course would be of 10 CP. In total there are 20 units of 10 CP and an industry placement equivalent to four units (40 CP).

The details of the units offered in each term is provided below.

Delivery Schedules
Term I Term II Term III Term IV
Units offered:

1. Foundations of Accounting (10 CP)

2. Economics (10 CP)

3. Public Financial Administration (10)

4. Business Communication (10 CP)

5. Computer Applications (10 CP)

 

 

 
Units offered:

1. Financial Accounting I (10 CP)

2. Public Procurement Management (10 CP)

3. QAFM (10 CP)

4. Office Administration (10 CP)

5. Cost Accounting (10 CP)

 

 
Units offered:

1. Accounting Information Systems & Processes I (10) CP)

2. Revenue Accounting (10 CP)

3. Government Accounting & Budgeting I (10 CP)

4. Business and Enterprise Development (10 CP)

5. Financial Accounting I (10 CP)
Units offered:

1. Accounting Information Systems & Processes II (Tally) (10 CP).

2. Government Accounting & Budgeting II (10 CP)

3. Taxation in Bhutan 10 CP)

4. Principles of Auditing (10 CP)

5. Business Legal Framework & Ethics (10 CP)

 

Term 5 will be the Industry Placement. RIM will identify various industry partners and place students during the term 5 for industry-based learning purposes.

On successful completion of the course, graduates should:

  • Demonstrate coherent knowledge and operational skills of the bookkeeping and accounting;
  • Be able to maintain proper books of accounts and prepare financial reports of the business entities;
  • Be able to operate accounting information systems (Tally);
  • Acquire professional skills and mindset for timely and quality customer services;
  • Act in accordance with professional standards of integrity, honesty and ethical attributes; and
  • Be able to pursue lifelong learning for professional growth and development.

 Progression requirements

Academic achievement is governed by the RIM Academic Progress Policy. For details visit the following link www.rim.edu.bt. Overall, students must secure a minimum of 50 percent in each unit and must not fail in more than two units in any academic period in order to progress to higher level. Unit outlines may also stipulate the additional requirements such as minimum requirement of attendance and participations.

The offering Department

The DFM is offered by the Department of Finance & Business. For further information on the course, please contact the course convenor. The course convenor details are provided below.

Ms. Pema Choden

Phone : +975 2 351014/ 351013 ext. 149

Email: pema_choden@rim.edu.bt

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