Preparatory Courses For Pearson London Chamber of Commerce and Industry (LCCI) Level 3 Group Diploma in Accounting

Preparatory Courses For Pearson London Chamber of Commerce and Industry (LCCI) Level 3 Group Diploma in Accounting

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Introduction
The Pearson London Chamber of Commerce and Industry (LCCI) International Qualifications are recognized by universities, governments and professional bodies such as the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Marketing (CIM), giving you the opportunity to study further.

The qualifications are offered at different levels so you can start at the point that is most appropriate to your current knowledge and experience without feeling pressured. As work-related qualifications, they give you the knowledge and skills to actually do the job, which is why they are trusted and valued by employers world-wide. All qualifications bearing the LCCIIQ logo carry employer credibility.

Objectives
The aim of the course is to test the candidate’s understanding of Accounting Information deriving from all sources – manual, mechanical and electronic. This is also to test their ability to prepare Accounting statements and data in accordance with basic accounting conventions and current accounting practice. It allows candidates to appreciate and analyze and interpret accounting statements and data.

Course Modules

  1. Accounting Level 3
  2. Cost Accounting Level 3
  3. Management Accounting Level 3
  4. Business Statistics Level 3

Syllabus Topics

  1. Levels 1 and 2 revisited
  2. Valuation of stocks
  3. Valuation of fixed assets
  4. Partnerships
  5. Companies
  6. Accounting for groups of companies
  7. Cash flow statements
  8. Accounting ratios
  9. Budgetary control
  10. Introduction to decision making
  11. Concepts and accounting framework

Brief Description of Modules

1. Accounting Level 3

This module is the understanding of the basic principles underlying the recording of business transactions and the ability to prepare and interpret accounts for sole traders, partnerships, non-trading organizations, limited companies and groups of companies in accordance with basic accounting conventions and current accounting practice.

2. Management Accounting Level 3

This module helps candidates to analyze information for short-term and long-term decision-making, using management accounting information for planning and control of cash and other resources within a business organizations. This also allows candidates to understand the business performance measures.

3. Cost Accounting Level 3

This module is an understanding of an advanced aspect of the processing of cost accounting information, including stock control and how cost accounting information can be sued for the purposes if short-term planning, control, and decision making within t he business organizations. This tests the candidates’ ability to apply this understanding in a variety of business settings.

4. Business Statistics Level 3

It is knowledge and understanding of more advanced statistical techniques and tests the candidates’ ability this knowledge and understanding in solving business problems.

Entry Requirements

  1. Completed the LCCI Level 2 Book-keeping & Accounts; Or
  2. Completed POA at GCE ‘O’ Level or equivalent; Or
  3. NITEC/Higher NITEC

Language Proficiency: Pass in English at Secondary 2 Level or equivalent

Minimum Age: 16 years

Course Details:

Modules No. of Sessions (Hours) Start Date End Date
Accounting 22 session (55 hours) 09 January 2017 30 March 2017
Business Statistics

Cost and Management Accounting

22 sessions (55 hours)

44 sessions (110 hours)

10 April 2017

10 July 2017

29 June 2017

07 December 2017

Course Duration
Part-Time:
10 months or 220 hours (55 hours per module)

Classes conducted on every Monday & Thursday from 7.00 pm – 9.30 pm, unless otherwise stated

Mode of Delivery
Classroom

Course Outcome
Group Diploma – a pass in at least 3 units include Accounting Level 3 (core unit) in 1 sitting (or split sitting within 90 days e.g. April to June).

Awarding Body: Pearson

Graduation Requirements
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

Results Grading
50% – 59% Pass
60% – 74% Pass with Credit
75% and above Pass with Distinction

 

Mode of Examination

Accounting Level 3:

Written Exam:

The time allowance for the examination is 3 hours

Written Exam:

The examination paper will comprise 5 questions
Candidates are required to answer 4 questions.
No question will be compulsory

Answer Formats
The answers required will be predominantly of a quantitative nature, but some questions will also require candidates to provide short written answers

Cost Accounting Level 3:

Written Exam:

The time allowance for this examination is 3 hours, the paper will consist of 5 compulsory questions. All questions will carry equal marks.

At least 1 question based on each of the following topics will appear in each examination:
1. Cost-volume (CVP) analysis
2. Budgetary planning and control
3. Standard costing and variances

Management Accounting Level 3:

Written Exam:

The time allowed for the examination is 3 hours, with the examination paper consisting of 5 questions. Candidates are required to answer all 5 questions, all questions carry equal marks. The emphasis of the paper will be quantitative; however, descriptive elements are incorporated into questions.

Business Statistics Level 3:

Written Exam:

The time allowance for the examination is 3 hours
Candidates will be required to answer 5 questions from a choice of 8
All questions carry equal marks

Course Fee

Registration Fee: $50
Course Fee: $2,400.00 ($240 per month x 10 months)
Material Fee: $320
Examination Fee: $600.00 ($200 x 3 modules)

Total Course Fees: $3,370.00

10 Months Instalment: $337 Per Month. First instalment to be made upon enrolment.

 

*eligible for SkillsFuture Credit

Visit the following website and search “BCS” under “Training Provider” to submit your SkillsFuture Credit Claims.

https://portal.wda.gov.sg/content/wda/course-search-directory.html

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