Centre for Business Excellence

The Centre for Business Excellence offers the following programmes:

Level 3 LAPT Vocational Certificate in Business (1 Year)

The Level 3 programme is an analytical and critical thinking skill programme taught via an industrial approach by disseminating business knowledge and skills to our students who are keen to explore and grow in the business era. The duration of this programme is one year, and this certification is internationally recognised through the London Academy of Professional Training. This programme is conducted face-to-face at the IEG Campus, which is known as the first digital campus in Malaysia. CEOs and business managers from various service industries are ready to provide the latest business skills and expertise, both at local and international standards.

Level 3 LAPT Vocational Certificate in Accounting (1 Year)

The Level 3 programme is a basic accounting programme taught via an industrial approach by disseminating basic housekeeping and financial knowledge and skills to our students, who are keen to explore and grow in the accounting era. The duration of this programme is one year, and this certification is internationally recognised through the London Academy of Professional Training. This programme is conducted face-to-face at the IEG Campus, which is known as the first digital campus in Malaysia. Accounting specialists from various service industries are ready to provide the latest accounting and finance skills and expertise, both at local and international standards.

Level 4 LaXenia Vocational Diploma in Business (1 Year)

Level 4 Vocational Diploma in Business is a one-year programme catered to students who are interested in embarking on supervisory or managerial roles in the business-enterprise industry. Upon successful completion of this programme, the student will be awarded a certificate by the LaXenia Institute of Switzerland. Level 4 Vocational Diploma is conducted via hybrid mode, and students will gain industrial practice simultaneously. KSTVET and students will organise trips, guest speakers, and competitions to expose the students to real-life industrial knowledge, both local and international.

Level 5 and 6 Bachelor of Business Administration (2 Years)

The Level 5 and 6 programmes are much sought after by all business and service industries, local and international. Students are given the opportunity to travel abroad to do an internship with international hotels for six months, with the prospect of job employability. This 2-year programme is conducted online as it is vital for students to gain knowledge and hands-on skills while doing industrial practise. The degree is awarded by the LaXenia International Institute of Switzerland.

A "business" is an organisation or entity that conducts commercial, industrial, or professional activities. A business's main objective is to engage in some sort of economic activity, such as the creation of commodities or services. The only thing that counts when defining a business is whether or not the organisation seeks to profit from the activities it undertakes. Enterprises can be for-profit legal enterprises or nonprofit groups that promote social causes or serve humanitarian purposes. Businesses occur in a variety of sizes and styles, ranging from modest sole proprietorship to enormous multinational companies. While businesses differ in many ways, they all have several common characteristics, such as economic motive, production or sale of goods and services, profit earning, customer satisfaction,continuous activity, legal framework, risks, and uncertainties.

Businesses can vary on many different levels but are typically divided into four principal categories. Here are the most common types of businesses, such as

• Service

The first type of business refers to situations where the seller offers intangible goods, such as assistance, advice, or labour, to customers and/or other businesses.

• Manufacturing

In manufacturing, the producer uses raw materials to create a product. This product is then sold to the customer, either directly or through a third party.

• Retail

Also known as merchandising or a ‘buy and sell’ business, this type involves middlemen who purchase goods from producers. They then sell them at a retail price to end consumers.

• Hybrid

As the name suggests, hybrid businesses are a combination of at least two other types.

Accounting is a term that describes the process of consolidating financial information to make it clear and understandable for all stakeholders and shareholders. The main goal of accounting is to record and report a company's financial transactions, financial performance, and cash flows.

Accounting is the way a business keeps track of its operations. Accountants analyse the business finances so the owner can make better decisions. This information is organised into reports that show the financial health of a business. Accounting helps business owners meet their compliance obligations.