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Introduction

The London Chamber of Commerce and Industry LCCI International Qualifications are awarded by Pearson Education Ltd. An accredited Awarding Body providing vocational and professional qualification around the world. Pearson is accredited by the UK qualifications regulator, the Office of Qualifications and Examinations Regulation (Ofqual), and many regulatory bodies and Ministries of Education around the world recognise LCCI International 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 Pearson-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. Pearson-LCCI also offer Diplomas and Group Awards to allow candidates to add to their marketable skills and receive professional status.

Course Learning Outcomes

Graduates of this course will have an essential and vital understanding of the systematic recording of what a business owns, what it owes, its income, its overheads, its expenses and all business transactions in money terms pertaining to all of a business activities. This course is designed for someone who recognises that a more efficient method depends on improved knowledge and also it is a must for those who aspire to set up a business with comprehensive accounting records.

This certificate course comprises both the Elementary and Intermediate level of Book-keeping. Candidate will learn the basic principles underlying the recording of financial transactions. They will also learn to prepare and interpret accounts for various types of organizations and businesses. Graduates of this course will have an essential and vital understanding of the systematic recording of what a business owns, what it owes, its income, its overheads, its expenses and all business transactions in money terms pertaining to all of a business activities. This course is designed for someone who recognises that a more efficient method depends on improved knowledge and also it is a must for those who aspire to set up a business with comprehensive accounting records.

Teaching / Learning Methods and Strategies

Trial of Past Year Examination Papers / Assignments / Classroom Face-To-Face Theoretical Explanations

Entry Requirements

  • Above 16 years old
  • High School English Level

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

PEARSON LCCI LEVEL 2 CERTIFICATE IN BOOK-KEEPING & ACCOUNTS (VRQ)

Module Synopsis

[1] Book-Keeping (Level - 1)

The aims of this qualification are to enable candidates to develop an understanding of the basic principles underlying the recording of business transactions, and the ability to maintain the books of, and prepare final accounts, for sole traders. This includes the record of double-entry bookkeeping of simple transactions concerning the purchase and sale of goods and the receipt and payment of cash. This certificate is suitable for candidates who work or wish to work in areas of business that will involve the recording of financial transactions. All businesses require accurate accounting records that are maintained on a regular basis. Consequently, there is a demand for employees who possess these skills.

Assessment objectives (8 Sessions | 24 contact hours):
  • Book of prime entry such as purchases, sales, return inwards, return outwards and the journal.
  • Methods of payment and receipt such as cheques, standing orders, credit transfers, direct debits
  • Bank reconciliation
  • Trade and cash discounts - essential differences and how these are recorded
  • Petty-cash book and the imprest system
  • The ledger and its various entries
  • The distinction between personal, real and nominal accounts
  • Capital expenditure and revenue expenditure
  • Fixed and current assets
  • Adjustment of accruals and pre-payments
  • Depreciation - straight line and reducing balance methods
  • Provision for bad and doubtful debts
  • Opening and closing stock for trading accounting purposes
  • Receipts and payment accounts, income and expenditure accounts
  • Trading and Profit & Loss accounts
  • Balance Sheet

[2] Book-Keeping & Accounts (Level -2)

The Level 2 Certificate in Book-keeping and Accounts (VRQ), which is based on the International Accounting Standards, further develops candidates understanding of the accounting principles for recording business transactions, as well as their ability to prepare and interpret accounts for different types of businesses. It is suitable for people working or intending to work in a role that involves maintaining financial records and preparing final accounts. This qualification is accredited on the National Qualifications Framework (NQF) in the UK as EDI Level 2 Certificate in Book-keeping and Accounts (IAS) (VRQ) 600/4750/1. Candidates attempting this qualification should have the knowledge and skills equivalent to the Pearson LCCI IQ Level 1 Bookkeeping qualification. Candidates who achieve Level 2 Book-keeping and Accounts may progress to the Pearson LCCI IQ Level 3 Accounting qualification.

Assessment objectives (16 sessions | 48 contact hours):

The ledger accounts for:

  • Sole trader
  • Partnerships
  • Limited liability companies
  • Non-trading organisations
  • Preparation of accounts in vertical of horizontal form
  • Calculation and interpretation of accounting ratios such as ROCE (Return On Capital Employed), profit to sales, current ratio, liquidity ratio, rate of stock turnover and sales to capital employed.

Grading System

Grading Results
50% - 59% PASS
60% - 74% PASS WITH CREDIT
75% and above PASS WITH DISTINCTION

Expected date of release of Assessment result

Assessment results will be available to the students within 3 months upon completion of the last assessment for that assessment cycle. Appeal (if any) on assessment results must be lodged within 7 days after the release of assessment results.

COURSE DURATION TABLE
TYPE FULL-TIME PART-TIME
Local N.A 5 months
SDF N.A 72 Hrs
International N.A N.A

Specimen Certificate

L2Cert 

Last updated on 16 October 2015

Fee Structures

  1. All fees are subject to the prevailing Goods and Services Tax (GST) unless specified otherwise.
  2. Course Application Fee is NOT REFUNDABLE.
  3. Do not pay your school fees before you have signed the standard student contract.
  4. All fees quoted are in Singapore Dollar (S$).
  5. Fees are subject to periodic changes without prior notice.esn-01
  6. BMC accepts the following methods of payment:
    1. Cash
    2. Cashier's order payable to BMC International College Pte Ltd
    3. Cheque payable to BMC International College Pte Ltd
    4. NETS
    5. Credit cards (VISA & Mastercard)

"ALL FEES ARE SUBJECT TO GST UNLESS STATED OTHERWISE"

Part Time Fee Structure

1-Payment Structure
Duration: 5 months
Fees Breakdown
(shows the full breakdown of total payable fees)
Total Payable
(S$)
Course application fee $107.00
Tuition Fee with Discount(1050-250) $800.00
Course material fee $30.00
FPS - Insurance $8.30
Total Course Fee Payable $838.30
Total Course fee after Goods and Services Tax (GST) with Course Application Fee $1003.98
2-Payment Structure
Duration: 5 months
Fees Breakdown
(shows the full breakdown of total payable fees)
Total Payable
(S$)
Course application fee $107.00
Tuition Fee(1050-123) $927.00
Course material fee $30.00
FPS - Insurance $9.57
Total Course Fee Payable $966.57
Total Course fee after Goods and Services Tax (GST) with Course Application Fee $1141.23
Miscellaneous Fees
Purpose of Fee Amount (S$) and When Payable
Late payment fees $60.00(before GST)
$64.20(after GST)
Re-take examination Admin Fee(per re-sitting)[NO GST] $50.00[NO GST]

Updated on 6 June 2017

 

 

COURSE DURATION TABLE
TYPE FULL-TIME PART-TIME
Local N.A 72 Hours
SDF N.A 72 Hrs
International N.A N.A

View Ang Mo Kio (Day-Time Classes) Commencement Dates

PART TIME
COURSE COMMENCEMENT DATES TIME DAYS
Intake dates to be confirmed. 

Call 6452 3885 for more information.

View Ang Mo Kio Commencement Dates

PART TIME
COURSE COMMENCEMENT DATES TIME DAYS
29 Apr 2018 10:00AM- 02:00PM Sun
24 May 2018 07:00PM - 10:00PM Tue & Thu
16 Jul 2018 07:00PM - 10:00PM Mon/Wed
28 Jul 2018 10:00AM - 02:00PM Sat
23 Sep 2018 10:00AM- 02:00PM Sun
16 Oct 2018 07:00PM - 10:00PM Tue /Thu
21 Nov 2018 07:00PM - 10:00PM Mon/Wed

Call 6452 3885 for more information.

View Jurong East Commencement Dates

PART TIME
COURSE COMMENCEMENT DATES TIME DAYS
22 Apr 2018 10:00AM- 01:00PM Sun
09 May 2018 07:00PM - 10:00PM Mo & Wed
13 Jun 2018 07:00PM - 10:00PM Mo & Wed
21 Jul 2018 02:00PM- 06:00PM Sat
20 Aug 2018 07:00PM - 10:00PM Mon/Wed
21 Sep 2018 07:00PM - 10:00PM Fri
18 Oct 2018 07:00PM - 10:00PM Tue/Thu
11 Nov 2018 10:00AM- 01:00PM Sun

 

Call 6565 5655 for more information.

online-pre-registration

Waiver of $50 Registration Fee is Not Entitled for Short Courses

Pre-register with us to receive a waiver of $50 Registration Fee when you decide to enrol. This offer is only valid for online pre-registration.

This pre-registration is applicable only to Singapore citizens, PRs and valid pass holders.
Not applicable to subsidies enrolment
(SDF/WDA, NTUC, Mendaki, CDAC, CDC).

All fields are mandatory.

 

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