About this Course

Introduction

LCCI or The London Chamber of Commerce and Industry has over 100 years of experience in providing trusted and valued business-related qualifications. Employers, universities and other professional bodies internationally recognise the LCCI international qualifications. LCCIs range of courses is designed to deliver the skills essential for success in todays demanding commercial environment. The LCCI winning formula lies in its flexible programme with examination at various levels thus enabling candidates to enter at the most appropriate level for their existing skills. LCCI also offer Diplomas and Group Awards to allow candidates to add to their marketable skills and receive professional status.

Course Learning Outcomes

• Trial of Past Year Examination Papers / Assignments / Classroom Face-To-Face Theoretical / Practical Explanations.
  
• Teaching / Learning Methods and Strategies
  
• Trial of Past Year Examination Papers / Assignments / Classroom Face-To-Face Theoretical Explanations
  

Entry Requirements

• 1 GCE N Level OR
  
• 1 GCE O Level OR
  
• LCCI Level 2 Certificate in Book-Keeping OR
  
• NITEC/Higher NITEC
  

Additional Entry Pre-requisite for DIA, DCA courses

• Basic Book-Keeping knowledge; OR
  
• LCCI Level 2 Certificate in Book-Keeping; OR
  
• Practical working experiences in a financial/accounting industry.
  

Assessment Information

EXAMINABLE THEORY PAPER (EXTERNAL AWARD BY LONDON CHAMBERS OF COMMERCE & INDUSTRY INTERNATIONAL QUALIFICATIONS, UK) - 4 TIMES / YEAR [MARCH & APRIL (Series 2/On-Demand) / JUNE (Series 3) / SEPTEMBER (On-Demand) / NOVEMBER & DECEMBER (Series 4)].

Criteria of Award

Candidates must fulfill at least 75% course attendance requirements by AEB to sit for examinations. To obtain the certificate, students need to obtain at least a Pass grade in their examinations.

Final Award

London Chamber of Commerce and Industry (LCCI) Level 3 Certificate in Accounting

Module Synopsis

Level 3 Certificate in Accounting

Candidates are expected to develop: an understanding of the more advanced aspects of Certificate in Book-keeping, Level 1 and Certificate in Book-keeping and Accounts, Level 2; the preparation of accounts for a partnership in relation to alterations in partners interests and the conversion of a partnership into a limited company; the accounting entries for a limited company to record the issue of share capital and the issue and redemption of debentures; how to account for distributable profits and profits prior to incorporation for companies; the preparation of cash flow statements in accordance with FRS 1 (revised); the preparation of a cash budget; the preparation of a budgeted income statement and/or balance sheet; the calculation and interpretation of accounting ratios; the principles of decision making; the interpretation of accounting statements; and accounting standards and concepts.

Syllabus topics include

• Levels 1 and 2 revisited
  
• Valuation of stocks
  
• Valuation of fixed assets
  
• Partnerships
  
• Companies
  
• Accounting for groups of companies
  
• Cash flow statements
  
• Accounting ratios
  
• Budgetary control
  
• Introduction to decision making
  
• Concepts and accounting framework
  
• Note: Taxation, in all its forms, is excluded from this syllabus.
  

Assessment Objectives:

• Understanding of the basic principles underlying the recording of business transactions
  
• Ability to prepare and interpret accounts for sole traders, partnerships, non-trading organisations, limited companies and groups of companies in accordance with basic accounting conventions and current accounting practice
  
• Ability to apply the principles of decision making
  

Rate this course:

Log in to submit

Comments