Department of Finance & Business
Post Graduate Diploma in Financial Management (PGDFM)
Course Outline 2020
- Introduction
The Post Graduate Diploma in Financial Management (PGDFM) is a one year course designed for the graduates selected through competitive Civil Service Entrance Examinations in Bhutan and or through other selection process. 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 technical and managerial capabilities of our graduates by inculcating transferable and lifelong learning skills. The participants are provided with a sound understanding of accounting, finance, public management, economics and applied research methodology to prepare for a career in public, corporate and not-for-profit organizations.
- Course Duration
The course is offered for one year full time with 120 credit points.
- Course Coordinator contact details
Ms. Namgay Dem
Department of Finance & Business
Royal Institute of Management
Phone 351014-ext 202
Email: namgay_dem@rim.edu.bt
- 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. Participants must have a Bachelor’s Degree in Business and Economics. For the Royal Government of Bhutan (RGoB) scholarship, candidates must be selected through competitive civil service selection examinations conducted by Royal Civil Service Commission (RCSC).
- 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.
- Dzongkha and/or English Language Requirements
The course is taught in English and as such participants are expected to be conversant in the English language at the graduate level.
- Any accreditation requirements and authority
The course has been designed following the guidelines prescribed in the RIM Academic Policy and Bhutan Qualifications Framework (BQF).
- Summary Course aims and outcomes
The PGDFM aims to develop technical and managerial capabilities of our graduates by inculcating transferable and lifelong learning skills.
- Course Objectives
The objectives of the course is to make our graduates career ready by:
- Developing a wide range of advanced financial knowledge, skills and attitudes needed for public and corporate sector financial management.
- Developing managerial skills and knowledge that enhances the ability to solve problems and make appropriate decisions in complex environments.
- Inculcating universal standards of integrity, honesty and ethical attributes.
- Developing attitude and skills for public service excellence.
- Developing skills and attitude essential for lifelong learning.
- Learning Outcomes:
On successful completion of the course, graduates should:
- Be able to perform financial planning, budgeting and management for both public and corporate sectors based on the accepted financial principles, practices and systems.
- Constructively analyze, interpret and present financial information for decision
- Demonstrate strong cognitive, technical and communication skills to work independently and collaboratively.
- Approach public sector financial management challenges from local and global perspective.
- Acquire managerial skills and mindset for timely and quality public service delivery.
- Acquire research skills for evidence based decision making and lifelong learning.
- Act in accordance with universal standards of integrity, honesty and ethical attributes.
- Graduate attributes summary
The course focuses on developing and inculcating the following graduate attributes;
| Sl. No. | Attributes | Definition |
| GA1 | Discipline specific knowledge and skills | Knowledge and skills appropriate to the level of study related to the discipline or profession at par with international standards. |
| GA2 | Innovative and design mindset | The mental attitude of combining empathy to gain insights to the problem, creativity to generate innovative solutions and rationality to develop work processes to achieve the desired outcomes. |
| GA3 | Systems and critical thinking | The ability to see problems and opportunities in a larger and broader perspective, and being able to understand their inter-relation of all the elements involved so that the best course of action could be formulated. |
| GA4 | Teamwork and collaboration | Ability to work effectively and respectfully with diverse teams, including virtual teams. It includes assuming shared responsibility for collaborative work, and valuing the individual contributions made by each team member. |
| GA5 | Emotional intelligence and self-awareness | The ability to identify, interpret, understand and manage the emotions of oneself, of others and of groups. The skills include perceiving emotions, reasoning with emotions, understanding and managing emotions. |
| GA6 | Leadership and Management skills | The ability to apply interpersonal and problem solving skills to influence and guide others toward a goal. It includes leveraging strengths of others to accomplish a common goal. |
| GA7 | Communication skills | The ability to present and articulate views, thoughts and ideas effectively using oral, written, multimedia and nonverbal communication skills in a variety of forms and contexts. |
| GA8 | Learning to learn skills | The ability and willingness to pursue and persist in learning which includes organizing one’s own learning through effective management of time and information. |
- Summary of course content
The PGDFM course is for 120 credit points (CP). The units offered in the course would have either 10CP or 5CP. In total there are 16 units of which 8 units with 10 CP and 8 units with 5 CP. In addition to the credited units, the course also offers non-credit workshops and seminars on a number of topics. The detailed course structure is given in section 13.
- Course structure and Units:
The PGDFM is a one year full time course spread over three terms. In each term, there are 13 teaching weeks and three weeks for assessment including examination week. The course is structured to reflect the incremental academic rigor and to balance academic knowledge with real life workplace skills. There are a number of units with both 10CP and 5CP being offered in each term. Students will also have the opportunity to complete non-credit units in each term. These non-credit units are designed for holistic personal development of our students. The detailed course structure and the units being offered in each term is given below.
| ACADEMIC CALENDAR 2020 | ||
| Term I
● 13 Teaching weeks ● 1 week of Exam ● 2 weeks of Assessment |
Term II
● 13 Teaching weeks ● 1 week of Exam ● 2 weeks of Assessment |
Term III
● 13 Teaching weeks ● 1 week of Exam ● 2 weeks of Assessment |
Units offered:
Non-credit Units:
|
Units offered:
Non-credit Units:
|
Units offered:
Non-credit Units:
|
- Units and Graduate Attribute (GA) alignment
The table below shows the alignment of each unit to the respective graduate attributes of the course.
|
Credit Units |
Name of the Units | Graduate Attributes |
| Financial Accounting & Reporting | GA1, GA4, GA7 | |
| Economics & Markets | GA1, GA3, GA6 | |
| Public Finance | GA1, GA3, GA4, GA6 | |
| Management Accounting | GA1, GA3, GA4, GA6, GA7 | |
| Research Methods – Applied | GA1, GA2, GA3, GA7, GA8 | |
| Corporate Finance | GA1, GA3, GA6 | |
| Public Management & HR | GA1, GA3, GA4, GA6, GA7 | |
| Audit & Assurance | GA1, GA3, GA7 | |
| Integrated Workplace Communication | GA1, GA7 | |
| Digital Skills Development (ICDL) | GA1, GA7, GA8 | |
| Government Accounting and Budgeting Systems: Theory & Practice I | GA1, GA3 | |
| Public Financial Administration I: Taxation & Revenue Accounts | GA1, GA3 | |
| Seminar on Public Sector Innovation (DT & Empathy Study Project) | GA1, GA2, GA3, GA4, GA7, GA8 | |
| Government Accounting and Budgeting Systems: Theory & Practice II | GA1, GA3 | |
| Public Financial Administration II: Procurement Management | GA1, GA3 | |
| Agency Immersion Program | GA3, GA4, GA7, GA8 | |
|
Non-credit Units |
Seminar on EI & Self Awareness | GA1, GA4, GA5, GA6, GA8 |
| Seminar on Problem Analysis & Decision Making (RIA) | GA1, GA2, GA3, GA4 | |
| Personal Development Workshop: Drig Lam Nam Zha & Fine Dining | GA7 | |
| Integrated Personal Development Program (Desung) | GA4, GA6 | |
| Seminar on Government Policy & Development Programs/Real Life experience sharing | GA3 | |
| Seminar on Leadership & Management | GA6, GA7 |
- Teaching and Learning Methodology
This course adopts a mix of teaching and learning approaches such as; experiential, problem based, project based, case based and challenge-based learning. Further, these teaching and learning approaches are supported by a variety of modes of delivery, which includes, role play, lecture, flipped classroom, cooperative team learning, peer-to-peer teaching, team teaching and jigsaw teaching. The course has assessment modality such as logbooks/journal, assignments, case studies, projects, oral presentation, exams/tests and practical exercises.
- The Offering Department
The course is offered by the Department of Finance & Business, Royal Institute of Management.
- Contact hours
All credited units will have 39 hours of face-to-face teaching. In addition, students are required to put in 111 hours of self-learning for each unit to make up 150 notional hours for each unit. The contact hours and self-learning for non-credit units will vary depending on the units. The requirement for notional hours for credited units is governed by the RIM Academic Policy.