DMS-Module-Outline-revised-28-06-2019

Diploma in Management Studies (DMS)
Developed and awarded by Singapore Institute of Management, Singapore
Module Outline for DMS
BUSINESS COMMUNICATION
This module aims to equip students with effective writing and oral communication skills to
meet the challenges of working in a competitive environment. Students learn to master
important business communication tools like reports, letters, minutes, memorandums and
electronic mail communication. They will also acquire presentation and public speaking skills
as well as listening and meeting skills essential for success in the new economy.
BUSINESS FINANCE
This module provides students with an understanding of the acquisition and allocation of funds
within a business organisation. It deals with financing decisions including various sources of
short-term and long-term financing and investment decisions including management of
working capital, current asset and fixed asset investments. The emphasis is placed on making
sound decisions in the value creation activities of the business organisation.
BUSINESS LAW (wef Oct 2019)

This module equips business managers and executives with key concepts and principles in
Business Law in Singapore. A firm grounding in the laws affecting business is an important
ingredient for success in today’s rapidly changing commercial landscape. With a sound
understanding of Business Law essentials, managers and executives are able to appreciate
the legal implications of various common business transactions and make better management
decisions regarding them. Topics covered include: The Singapore Legal System, Contract
Law, Agency Law and Law of Torts.
BUSINESS MATHEMATICS
This module introduces essential mathematical concepts and techniques for a firm
understanding of foundation mathematics required for business-related studies. This consists
of core concepts such as algebra, the mathematics of finance, the derivative and its application,
and the integration. These concepts represent important approaches and techniques of
mathematics related to business studies, upon which further concepts and techniques are built.
The importance of the core concepts and techniques are illustrated and developed into a
generic mature approach to mathematics and creative problem solving.
BUSINESS STATISTICS
This module develops an understanding of statistical methods at the basic level and an
awareness of their applications in business environment. This module gives an overview of
the descriptive and inferential statistics that may be used by managers. Topics covered include:
numerical measures, sampling methodologies, basic concepts of probability and hypotheses
testing, analysis of variance, correlation and regression and chi-square applications.
ENGLISH FOR BUSINESS

This module focuses on developing the key skills of reading and writing, along with a good
understanding of the conventions of grammar and usage. Students will read different types of
texts and learn how to infer, summarise and interpret the information presented. They will also
learn about different writing formats and styles, and more importantly, how to write clearly and
persuasively.
DMS module outline updated 28 June 2019

FINANCIAL ACCOUNTING
This module is designed to provide students with an understanding of the concepts and
principles of accounting, the accounting equation and double-entry concepts. Emphasis is
placed on analysing business transactions and understanding financial statements to support
decision-making. Students will be taught how to prepare the balance sheet, income statement
and cash flow statement.
INFORMATION SYSTEMS FOR BUSINESS

This module provides students with an understanding of information systems from a
management perspective. It will cover the foundation concepts of the Information Systems;
Computer Hardware and Software; Telecommunications and Network; e-Business/e-
Commerce applications; Data Resource Management; and Security, Ethical and Societal
Challenges. In addition, the practical components of this course offers students hands-on
learning in the application of web-site and social media; use of database for data management;
and spreadsheets for decision making.
MACROECONOMICS
This module examines the working of a typical economy. It looks at how the overall
performance of an economy is assessed by measures such as the Gross National Product,
unemployment, inflation rate and the economic growth rate. It also looks at the role of the
government through the implementation of fiscal and monetary policies. The effects of a fiscal
and the monetary policy mix on the economy are examined using the IS-LM analysis.
MANAGERIAL ACCOUNTING
This module is designed to help students to analyse and process accounting information for
management decisions. Students will acquire managerial accounting techniques to enable
them to plan, control and to make sound decisions. Coverage in this module includes cost
terminology and behaviour, relevant costs, break-even analysis, budgetary control, standard
costing and variance analysis, and performance evaluation and pricing.
MANAGING HUMAN RESOURCES

This module introduces the essential elements of human resources and employment relations
as well as a clear understanding of how these elements link with business strategies. Topics
covered include human resource planning, recruitment, selection, training, talent management,
performance management, compensation and benefits, safe and healthy workplace,
employee rights, industrial relations and employment legislation. This module will emphasise
on the role of human resources to achieve organisational goals.
MANAGING PEOPLE AND ORGANISATIONS

This module equips students with the key principles of management, organisational behaviour
to help them become effective and efficient managers and supervisors. Topics include the
roles, skills and functions of managers and how they can effectively deal with a rapidly
changing and highly competitive environment in the knowledge-based economy. Other
important areas include personal and team effectiveness in a global organisation and
interpersonal skills.
MICROECONOMICS
This module examines the problem of scarcity and the choices of individual consumers, firms
and the government. It considers consumer choice and demand using utility and indifference
curve analysis. It also looks at a firm’s economic objective and how it tries to attain this
objective given different market characteristics. The firm’s production function, cost curves,
pricing and supply decisions are discussed.

OPERATIONS MANAGEMENT
This module deals with the use of operations strategy to build value chains and competitive
advantage. It provides participants with frameworks to address both the design and the
management of operations. The designing framework covers forecasting, the design of goods
and services, managing quality, process strategy, capacity planning, and location and layout.
The managing operations framework covers supply-chain management, inventory
management, materials requirements planning and ERP, project management, JIT and lean
systems, and maintenance reliability.
PRINCIPLES OF MARKETING
This module provides an overview of the concepts and techniques of the marketing process
in today’s dynamic environment and its inter-relationship with other business functions. It also
studies the execution of the marketing function and the use of the marketing mix to help
businesses successfully reach their customers and sustain competitive advantage.

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Diploma in Management Studies (DMS)

Developed and awarded by Singapore Institute of Management, Singapore

Module Outline for DMS

BUSINESS LAW (wef Oct 2019)

ENGLISH FOR BUSINESS

DMS module outline updated 28 June 2019

INFORMATION SYSTEMS FOR BUSINESS

MANAGING HUMAN RESOURCES

MANAGING PEOPLE AND ORGANISATIONS

DMS module outline updated 28 June 2019

DMS module outline updated 28 June 2019

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