About this Course

Objective

The aims of this qualification are enable candidates to develop: 

• an understanding of the basic principles underlying the recording of business transactions 

• the ability to maintain the books of, and prepare final accounts for, sole traders

Syllabus Topics 

• The Accounting Equation and the basis of double-entry book-keeping 

• Recording transactions through double entry 

• Balancing accounts 

• Purchases/Sales/Returns 

• The Ledger: its subdivision 

• Day Books 

• Bank facilities/methods of payment or receipt of money 

• Cash Book and cash discount 

• Bank reconciliation 

• Petty Cash Book and the Imprest System 

• Trial Balance 

• Adjusting for accruals and prepayments in the final accounts 

• Depreciation of fixed assets 

• The entries relating to bad debts 

• The Journal 

• Capital and revenue expenditure 

• Errors in the accounts and their correction 

• Effect of Profit (or Loss) and drawings upon capital 

• Trading and Profit and Loss Accounts 

• The Balance Sheet 

• Control Accounts – an introduction

Teacher-Student ratio is 1:15

Entry requirements

Minimum Age : 16 years

Academic qualification : Lower secondary education

Proficiency Level : English at Lower Secondary Level

Course Outcomes : Certificate

Duration : Part-time 3 months

Mode of delivery : classroom

Awarding Body : LCCI International Qualifications

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