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.

Entry Requirements

• Above 16 years old
• High School English Level

Course Outline

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
• Adjusting for Accruals and Prepayments in the Final Accounts
• Depreciation of Fixed Assets
• 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

Duration

Method of Delivery

Lecture

Award Criteria

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

Grading System

Assessment Information

Assessment results / Award of certificate will be available to the students within 3 months of the last assessment for that assessment cycle.

Appeal Process

For LCCI examinations, appeals of results must be done within 14 days of results release. Students are required to fill up an appeal form and submit to our school to followup for processing of their request. An administrative fee for appeal is to be borne by the student. The school will release appeal results not later than eight weeks (for courses administered by external examination board) from the date of appeal, or an enquiry will be raised with the respective examination board.

Expected date of release of Assessment result

Assessment results / Award of certificate will be available to the students within 3 months of the last assessment for that assessment cycle.

Specimen Certificate

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Last updated on 30 Nov 2012