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.

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Teaching / Learning Methods and Strategies

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

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Entry Requirements

  • Above 16 years old
  • High School English Level
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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)].

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Award Criteria

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.

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Final Award

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

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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.
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Grading System

No Assessment only required to meet the 75% attendance

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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.

COURSE DURATION TABLE

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

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Specimen Certificate

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Fee

Part-time
S$1328.19 (FULL-PAYMENT))
S$1619.98 (INSTALLMENT))
  1. All fees are subject to the prevailing Goods and Services Tax (GST) unless specified otherwise.
  2. Course Application Fee is NOT REFUNDABLE.
  3. Do not pay your school fees before you have signed the standard student contract.
  4. All fees quoted are in Singapore Dollar (S$).
  5. Fees are subject to periodic changes without prior notice.
  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. PAYNOW (UEN 200006772H)

COURSE COMMENCEMENT DATES:

DATETIMEDAYS
12 June 20237:00PM-10:00PMMonday & Wednesday
04 July 20237:00PM-10:00PMTuesday & Tuesday
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