BMC International College

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. LCCI's range of courses is designed to deliver the skills essential for success in today's 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.

The aim of this course is to equip candidates with the knowledge as well as the understanding of the concepts and techniques involved in the preparation of computerised accounting information, in the analysing of costing behaviour and in the assessing of resource control.

Course Outline

• Accounting (3rd Level)
• Computerised Accouting (3rd Level)
• Cost Accouting (3rd Level) / Business Statistics (3rd Level)

Prerequisite

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

Course Contents

Higher Accounting

The aim of this unit is to test the candidates’:

• Understanding of accounting information deriving from all sources - Manual, Mechanical & Electronics
• Ability to prepare accounting statements and data in accordance with basic accounting conventions and current accounting practice as specified in the Accounting Companies Acts and in the Statements of Standard Accounting Practice which referes to:
  • Disclosure of Accounting Policies
  • Stocks and Long-Term Contracts
  • Extraordinary Items and Prior-Year Adjustment
  • Statements of Sources and Applications of Funds
  • Accounting for Research and Development
  • Group Accounting
  • Earning Share
• Ability to use appreciation and analytically interpret Accounting Statements and Data

Computerised Accounting

1. Company Accounts

• Set up the data file and the chart accounts for the following
• Generate accounts listing for the various types of companies
• Perform the necessary steps to distribute partnership profits at the end of the accounting period
• Record the following for a limited liability company

2. Tracking Profitability of Departments and Jobs

• Set up various profits centres
• Record sales and expenses and allocate these to various profit centres
• Generate reports relating to a selected profit centre or all profit centres

3. Multi-Currency Transactions

• Set up control accounts to handle multiple currencies
• Specify currency codes and exchange rates
• Record sales and purchases involving multiple currencies
• Update the various exchange rates and record unrealised exchange gains or losses at the end of period
• Generate exchange gain or losses

4. Debtor Management

• Customise and generate the debtor ageing report
• Perform the following tasks to factor debts to a factoring enitity
• Account for transactions in stituations where a customer is also a supplier using the following methods
• Perform the steps to record

5. Advanced Inventory Management

• Perform the following tasks with respect to Traded-in items
• Account for consignment stock

6. Year-End Procedures and Maintenance

• Make end-of period adjustments
• Close the current financial year and start a new Financial year

7. Reports and Analysis

• Customise and generate reports
• Enter monthly budgets
• Compare actual company performance against budgets

Cost Accounting

The aim of this unit is to test the knowledge and understanding of:

• The methods, principles and techniques by which both planned and actual costs operations, processes, departments, products or services are established
• Responsibility for effective use of resources involving control by variance analysis
• Relevant cost for decision-making
  • Further aspects of Second Level Cost Accounting Syllabus
  • Stock Control
  • Marginal Costing
  • Variance Accounting
  • Presentation of Information to Management

Award Criteria

Note: Course syllabus will be provided upon registration.

Pre-register “LCCI Level 3 Diploma in Computerised Accounting” with us to receive a waiver of $50 Regsitration 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).
The course is presently not available for International students.
All fields are mandatory.