The LCCI Accounting course is a diploma program from the prestigious London Chamber of Commerce and Industry (LCCI). The accounting skills imparted by this diploma course are highly marketable in the business sector.
This course is recommended for those who wish to obtain the necessary prerequisites to either commence a career in the accounting field or use it as a stepping stone to pursue a higher accounting qualification.
1. ACCOUNTING (Third level)
2. MANAGEMENT ACCOUNTING (Third level)
3. COST ACCOUNTING (Third level)
4. BUSINESS STATISTICS (Third level)
5. ADVANCED BUSINESS CALCULATION (Third evel)
ACCOUNTING, THIRD LEVEL
The aim of this course is to provide:
a)Understanding of accounting information deriving from all sources – manual, mechanical and electronic. Understanding of the recording of transactions, including the influence of information technology upon accounting systems.
b) Ability to prepare accounting statements and data in accordance with basic accounting conventions and current accounting practice with reference to :
·Disclosure of accounting policies
·Stocks and long term contracts
·Accounting for depreciation
·Cash Flow Statements
c) Ability to use, appreciate and analytically interpret accounting statements and data
d) Ability to follow established concepts and conventions, including the Companies Act, SSAPs and up-to-date presentations on:
i.To prepare income statements and balances sheets for sole traders, partnerships, companies and non-trading organisations.
ii. Accounting for specific partnership circumstances:
·Changes in partnership interests
·Admission or retirement of partners
·Conversion into a company
iii. Budgets, including simple break-even analysis
iv. Accounting for specific company circumstances:
·Issue/redemption of shares or debentures
·Profits prior to incorporation
v. Accounting for
·branches (excluding foreign branches)
·interest on capital
BUSINESS STATISTICS, THIRD LEVEL
The aim of this course is provide students the abilities to apply business statistics to commercial situations. Emphasis will be placed on the adequacy and reliability of the data, on the precautions to be taken in the use of statistics and on the interpretation of results of statistical calculations and tests.
1. Frequency distributions. The meaning and use of the measures of location and measures of dispersion. Weighted averages.
2.The more important index numbers calculated by Government agencies and used by business.
3.Elementary time series analysis. Moving averages, trends and seasonal movements.
4. Elementary aspects of correlation and regression.
5.Basic sampling methods and their practical applications. Elementary probability.
1. Probability including conditional probability.
2. Symmetry and skewness of distributions.
3. The use of tables of Normal distribution.
4. Sampling and sampling distribution.
5. Significance tests using Normal and t distributions.
6. The chi-square statistics.
7. Control charts and elementary statistical quality control.
8. Correlation, Linear regression and Least squares.
9.Appreciate the importance of computers in modern business statistics.
COST ACCOUNTING, THIRD LEVEL
The aim of this subject is provide knowledge and understanding of:
1. The methods, principles and techniques by which both planned and actual costs of operations, processes, departments, products or services are established.
2.Responsibility for effective use of resources involving control by variance analysis.
3. Relevant costs for decision making.
Further aspects of the Second Level Cost Accounting syllabus.
·Presentation of information to management.
MANAGEMENT ACCOUNTING, THIRD LEVEL
The aim of this subject is to provide knowledge and understanding of the basic principles involved in:
·Short-term Cost Behavior
·Short-term Decision Making
·Short-term Profit Control
·Long-term Decision Making and Control
·Product Cost Ascertainment
·Transfer Pricing and Performance Evaluation
ADVANCED BUSINESS CALCULATION, THIRD LEVEL
The aim of this subject is to test the candidate’s ability to solve advanced mathematical problems commonly encountered in business life.
·calculate simple and compound interest in business situation s over periods measured in days, months, or years, including the use of the appropriate formulae
·perform standard business calculations involving
shares, debentures, stocks and units trusts.
Revenues and costs, trading and profit and loss accounts, balance sheets, and including breakeven analysis
More common ratios used to assess profitability and liquidity
·perform standard investment calculations involving payback, average rate of return, internal rate of return, and net present value
·perform standard bankruptcy calculations involving assets and liabilities, secured and unsecured creditors, and dividends
·perform standard calculations of the depreciation of business assets involving the equal instalment method and the diminishing balance method.
·perform calculations of index numbers involving basic indices relative to price and to quantity, including a change in the base year.
·use and understand appropriate mathematical and business terminology.
The course will be conducted over a period of 12 months.
Monday-Friday 9.30AM-12.30PM or 2.00PM-5.00PM
Course Tuition Fee $2,000
Course Material Fee $150
Application Fee $100
Student’s Pass Processing Fee $200
Student & Course Admin Fee $250
Local Sponsorship Fee (If needed) $500
Examination Fee According to LCCIEB Fee
No GST will be charged on all fees
One GCE “O” Level or its equivalent (e.g. basic ten-year education)