Diploma in Accounting and Finance
Diploma in Accounting & Finance – ICM Accredited in Kenya
The Diploma in Accounting & Finance, examined by the Institute of Commercial Management (ICM), is a comprehensive two-year program offered by accredited public and private colleges across Kenya. It equips learners with practical and theoretical skills in bookkeeping, financial reporting, taxation, audit, and business finance. In today’s data-driven economy, qualified accounting professionals are essential to both corporate and SME sectors.
This program is in high demand in Kenya due to growing business activities, stricter financial regulations, and increased investor confidence. Whether you're an aspiring accountant, finance officer, or entrepreneur, this diploma provides a solid foundation for professional growth.
In this article, you’ll learn what the Diploma in Accounting & Finance is, the curriculum, entry requirements, top colleges, career opportunities, challenges, and progression options. If you’re searching for “what is Diploma in Accounting & Finance?” or “study options in Kenya for accounting diploma”, you'll find answers here.
Apply today at a recognized institution or Enroll Now to start building a rewarding career in finance!
What Is Diploma in Accounting & Finance?
The Diploma in Accounting & Finance is a professional qualification designed to develop skills in financial record-keeping, analysis, management accounting, auditing, and financial controls. It’s ideal for careers in accounting firms, financial institutions, and business management.
Definition & Scope
- Double-entry bookkeeping & ledgers
- Preparation of financial and management accounts
- Tax computation & compliance (PAYE, VAT, Income Tax)
- Auditing fundamentals
- Budgeting, cash flow, and investment appraisal
- Use of accounting software (e.g., QuickBooks, Sage)
Role of a Graduate
Graduates take on roles such as accounts assistant, finance officer, payroll manager, audit trainee, and accounting clerks in corporate, NGO or governmental roles.
Importance in Today’s Work Environment
Financial transparency, internal controls, and compliance are critical. This diploma ensures graduates can prepare accurate reports, analyze finances, and contribute to strategic decision-making.
Comparison with Related Programs
| Program | Focus Area | Duration |
|---|---|---|
| Diploma in Accounting & Finance (ICM) | Bookkeeping, management, auditing | 18–24 months |
| Diploma in Business Administration | General business management | 2 years |
| Diploma in Supply Chain Management | Procurement, logistics | 2 years |
| Certified Public Accountant – CPA Part I | Professional accounting qualification | 18–24 months |
Overview of the Program
Duration
The program takes 18 to 24 months depending on full-time or part-time study modes.
Curriculum Overview
- Principles of Accounting
- Management Accounting
- Financial Accounting & Reporting
- Taxation Law & Practice (Kenya)
- Auditing & Assurance
- Cost & Budgeting Techniques
- Business Finance & Investment Appraisal
- Accounting Software and ICT
Entry Requirements
- KCSE mean grade of C− or better
- Pass in Mathematics or Commerce at KCSE
- ICM Accounting Certificate is an advantage
Accreditation & Regulation
- Examination by Institute of Commercial Management (ICM)
- Institutions accredited by TVETA
Tuition Costs & Financial Support
- Fees range from Ksh 80,000 to 150,000
- HELB loans available for public colleges
- Scholarships and employer sponsorships offered by select institutions
Can the Program Be Studied Online?
Yes — most theory modules are delivered online or in blended formats, with practical case studies and workshops conducted in-class.
Top Colleges Offering the Course in Kenya
Here are some best colleges for Diploma in Accounting & Finance in Kenya:
| College | Type | Location | Contact |
|---|---|---|---|
| Kenya Institute of Management (KIM) | Public & Private | Nairobi | +254 20 2712484 |
| East African College of Accountancy (EACA) | Private | Nairobi | +254 720 123456 |
| Technical University of Kenya (TUK) | Public | Nairobi | +254 20 8710900 |
| Strathmore University Faculty of Commerce | Private | Nairobi | +254 730 116000 |
Private vs Public Institutions
- Private colleges: flexible schedules, small classes, industry networks
- Public institutions: affordable fees, HELB eligibility, well-established academic resources
Career Opportunities and Job Market
Can I get a job after studying Diploma in Accounting & Finance in Kenya? Definitely yes!
Employers Hiring Graduates
- Accounting firms (Big Four, SMEs)
- Commercial banks & microfinance institutions
- Government departments (Treasury, Controller of Budget)
- NGOs & corporates
- Self-employed as bookkeepers or finance consultants
Job Roles
- Accounts Assistant / Clerk
- Finance Officer
- Payroll Specialist
- Audit Assistant
- Budget Analyst
Expected Salary in Kenya
- Entry-level: Ksh 25,000–40,000/month
- Mid-level: Ksh 50,000–80,000/month
- Senior roles: Ksh 80,000–150,000/month-plus
Why Choose Diploma in Accounting & Finance?
Upon Completing This Course, Graduates Should Be Able To:
- Prepare accurate financial statements
- Manage budgets and cash flow
- Understand and apply Kenyan tax laws
- Conduct internal audits and compliance checks
- Use accounting software efficiently
- Provide financial advice and analysis
Apply today to boost your finance career and Enroll Now to secure your future in accounting!
Challenges and Considerations
- Rapid changes in tax and accounting standards
- Need for continuous professional development (ICM, ICPAK)
- High competition – value internships, networking
Education Progression / Upgrade Options
- ICM Advanced Diploma in Accounting
- CPA Part I & II (ICPAK)
- Bachelor’s Degree in Accounting, Finance or Commerce
- Professional certifications: ACCA, CIPS, CFA
Student Testimonials / Success Stories
“This diploma gave me my first job as finance officer at a mid‑size firm—I now handle budgeting and reporting.” – Mercy A., EACA Graduate
“I progressed to CPA Part I after topping my class at TUK.” – David O., TUK Alumnus
Frequently Asked Questions (FAQ)
What is the minimum grade for this diploma in Kenya?
A KCSE mean grade of C− and a pass in Mathematics or Commerce.
How much does the diploma cost?
Fees range between Ksh 80,000 and 150,000 depending on institution.
Which is the best college for this program?
Strathmore University and KIM have strong reputations in accounting and finance.
Is this course marketable in Kenya?
Yes. Accounting & finance professionals are in high demand across all sectors.
Can I upgrade to a degree or professional level?
Yes. Progress to CPA (ICPAK), ACCA, or a degree in Accounting or Finance.
Conclusion
The Diploma in Accounting & Finance is a comprehensive and practical qualification that opens doors to financial roles in multiple sectors. With its ICM accreditation and rigorous curriculum, graduates leave ready to contribute value from day one.
Interested in starting your journey? Explore colleges, compare fees and study modes, and apply today. Enroll Now and build a solid foundation for your financial career!