Diploma in Accountancy and Microfinance

Course Overview

This course is designed to provide a comprehensive overview of the microfinance fundamentals and how microfinance activities are implemented, evaluated and managed. The course is expected to develop competencies necessary for effective management of Microfinance Institutions. A graduate in Accountancy and Microfinance diploma is expected to acquire competences and skills necessary to keep financial records and manage microfinance institutions. In addition, the course will provide an understanding of principles and good practices in managing microfinance institutions.  The course is designed to address the needs of financial institutions and SACCOS in the area of accountancy and Microfinance.

What you'll study

Semester I

    • Basics of Bookkeeping & Store Keeping
    • Elementary Business Mathematics
    • Elements of Computer Systems
    • Commercial knowledge
    • Basics of Communication Skills

Semester II

    • Book-Keeping and Accounts
    • Elementary Computer Networking
    • Elementary Business Finance
    • Elements of Costing
    • Basics of Computer Applications in Business

Semester III

    • Principles of Accounting
    • Basic Accounting Systems
    • Store and Stock Control
    • Business Mathematics and Statistics
    • Operating systems concepts
    • Communication Skills and Office Practice

Semester IV

    • Introduction to Accounts and Auditing
    • Computer Networks
    • Computer Maintenance
    • Practical Training

Semester V

    • Fundamentals of Financial Accounting and Auditing
    • Database Concepts
    • Fundamentals of Business finance
    • Desktop Publishing
    • Information System Analysis

Semester VI

    • Taxation
    • Principles of Cost Accounting
    • Web Programming
    • Introduction to Business law
    • Principles of Entrepreneurship
Entry Requirements

Form IV (3 Years Programme)

  • Certificate of Secondary Education with 4 Passes in Non- Religious Studies.

Form VI (2 Years Programme)

  • Advanced Certificate of Secondary Examination with One Principal Pass and One Subsidiary Pass.
  • Or any other equivalent qualification e.g. certificate of any recognized institution field of study.

What you'll experience

On this diploma course, you'll be able to:

  • Apply accounting principles to primary, subsidiary books and simple final accounts of an organization.
  • Identify issues that hinder the success of microfinance and SACCOS
  • Employ simple finance and mathematics techniques to perform simple business activities
  • Recognize the role of legal and ethical issues related to Microfinance Institutions
  • Apply economics knowledge and simple auditing skills in running business undertakings
  • Apply basic managerial skills, computer and customer care skills in communicating internally and externally performing business activities in competitive environments
  • Demonstrate knowledge and understanding of key concepts, techniques, analytical and managerial strategies relevant for microfinance sustainable development.

Careers and opportunities

Our graduates will work in roles including:

  • Assistant accounts
  • Tax agent
  • Loan agent
  • Credit analyst
  • SACCOS manager

Teaching methods

  • Lectures
  • Tutorials
  • Practical work
  • Group discussions

How you're assessed

  • Presentations
  • Timed tests
  • Quizzes
  • Assignments
  • Case study

Course costs

Registration (IAA)   20,000/=

Examination (IAA)   70,000/=

Application Form (IAA)  10,000/=

Wear and Tear          20,000/=

IAASO                       20,000/=

STUDENT ID             3,000/=


EAC                US$ 700

SADC              US$750

Others            US$780

How to Apply

Institute of Accountancy Arusha admission cycles are normally guided by two regulatory authorities which are The National Council for Technical Education (NACTE) and The Tanzania Commission for Universities (TCU). If you apply to IAA, you will be following provisions as set forth by the mentioned authorities.

Different programmes have different entry requirements. You can visit our programme page to see entry requirement for different programmes or be sure to read thoroughly the TCU admission guide book and the NACTE admission guide book.

We consider each applicant and put enormous care into evaluating every application. We hope you will explore the information in this section to understand what we look for in our admissions process

  • Fee 900,000/=
  • Duration 3 Years (Form IV), 2 Years (Form VI)
  • Language English
  • Mode of Study Full time
  • Intakes October Intake and March intake