Courses Available to International Students
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 accouting information, in the analysing of costing behaviour and the assessing of resource control.
Course Outline
- Higher Accounting
- Management Accounting
- Cost Accounting
- Business Statistics
Prerequisite
- 1 GCE ‘N’ Level OR
- 1 GCE ‘O’ Level OR
- LCCI Level 2 Certificate in Book-Keeping OR
- NITEC/Higher NITEC
Course Contents
Higher Accounting
The aim of this unit is to test 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 refers to:
- Disclosure of Accounting Policies
- Stocks and Long-Term Contracts
- Accounting for Depreciation
- Extraordinary items and Prior-Year Adjustment
- Statements of Sources and Applications of Funds
- Accounting for Research and Development
- Grouping Accounting
- Earning Per Share
- Ability to use appreciation and analytically interpret Accounting Statements and Data.
Management Accounting
The aim of this unit is to test the candidate's knowledge and understanding of the basic principle involved in short-term cost behaviour, short and long term decision making and short-term profit control, cash managemnet and product cost ascertainment.
- Short-term cost behaviour, Decision making and Profit-control
- Cash Management
- Long Term Decision Making and Control
- Product Cost Ascertainment
- Transfer Procing and Performance Evaluation
- Information Processing
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 of operations, processes, departments, products or services are established
- Responsibility for the 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
Business Statistics
The aim of this unit is to test the candidates' ability to apply business statistics to business situations. The Second Syllabus should be studied in greater detail, together with the following:
- Probability, including conditional probability
- Symmetry and skew of distribution
- The Normal Distribution - The use of tables of normal dustribution
- Sampling and Sampling Distribution - Standard error of the sample mean and proportion, simple estimation
- Confidence intervals for the population mean and proportion
- Significance tests using normal and 'T' distribution for one or two samples
- The chi square statistic, contigency tables
- Control charts and elementary statistical quality control
- Correlation - The product moment correlation coefficient, including a significance test linear regression and least squares
Award Criteria
| Grading | Results |
|---|---|
| 50% - 60% | PASS |
| 60% - 75% | PASS WITH CREDIT |
| > 75% | DISTINCTION |
New Fee Structure
Under the new fee structure, applicants are required to pay a non-refundable processing fee of $30 when an application for STP is submitted to ICA for consideration. Payment must be made through the ICA online portals for STP application (i.e. SOLAR or SOLAR+). Successful STP applications will only need to pay a one-time fee of $60 for the issuance of the LTP cards, regardless of the duration of the pass granted. The prevailing visa fee will continue to apply for those visa-required countries.
Foreign students will be required to pay a sum of $60 for replacement of lost or damaged STP cards.
NOTE: Fees may change periodically without prior notice.
| Fees Breakdown (shows the full breakdown of total payable fees) |
Total Payable (S$) |
|---|---|
| Course Application Fee (not covered under FPS and not refundable) | $400.00 |
| Course Fee | $5,630.00 |
| Student Membership Fee | $100.00 |
| Course Material Fee | $150.00 |
| Continual Assessment Fee | $80.00 |
| Student Process Fee | $180.00 |
| Medical Insurance* | $120.00 |
| Exam - LCCI* | $560.00 |
| FPS Insurance Fee* | $99.60 |
| (A) Total Course Fees Payable | $6,739.60 |
| (B) No. of Instalments | 2 |
| (C) Instalment Amount (C = A/B) | $3,369.80 |
| Instalment Schedule (full payment scheme) |
Payment by 2 months (S$) |
| First Instalment Payment | $3,369.80 |
| Final Instalment Payment | $3,369.80 |
| (A) Total Course Fees Payable | $6,739.60 |
| Total Course Fee After GST | $7,584.80 |
| * Non-GST'd Item | |
Last updated 14 May 10.
