PREPARATORY COURSE FOR PEARSON LCCI LEVEL 1 CERTIFICATE IN BOOK-KEEPING

PREPARATORY COURSE FOR PEARSON LCCI LEVEL 1 CERTIFICATE IN BOOK-KEEPING

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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 various 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 today’s 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 offers Diplomas and Group Awards to allow candidates to add to their marketable skills and receive professional status.

Aim of the Qualification:
This qualification 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 payments of cash. This certificate is suitable for candidates who work or pursuing 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.

Entry Criteria:
Minimum Age: 16 years
Language Proficiency: Pass in English at Secondary 2 Level or equivalent

Mode of Delivery:
Classroom

Course Outline for Level 1:

Books of Original Entry and Double-Entry
• The accounting equation –principles of the accounting equation
• Double-entry bookkeeping – recording of transactions by double-entry
• Books of original entry – sales invoice; purchase invoice; credit note, purchases day book; sales day book; cash book; petty cash book;
journal
• Bank transactions – methods of payments and receipt of money; the need for reconciliation statements; updating the cash books….

Accounting for Payroll
• Calculation of payroll using time rates and incentive schemes – time rate; piece rate; bonus scheme; salaries
• Payroll deductions – Statutory and Voluntary deductions
• Calculation of wages – Gross and Net pay
• Accounting for payroll – Prepare ledger entries for payroll from given data

Control Accounts
• Preparation of the trade receivables ledger
• Preparation of the trade payables ledger

Produce Financial Statements of a Sole Trader
• Accounts for depreciation costs
• Adjustments for accruals and prepayments
• Adjustments for irrecoverable debts
• Accounting concepts
• Prepare the Financial Statements – preparation of an income statement (statement of profit or loss) for a sole trader

Overview of assessment:
• The examination will be 2 hours
• The paper contains FIVE questions
• Candidates to answer ALL questions
• The questions comprise of table completion, preparation of accounts and short open response questions

Option 1: Weekday Schedules – Wednesday and Friday at 7 pm to 9.30 pm

Module No. of Sessions (Hours) Start Date End Date
Level 1 Certificate in
Book-keeping

20 sessions (50 hours)
07 March 18 4 Apr 18 08 June 2018
04 July 2018 14 Sept 2018
03 Oct 2018 12 Dec 2018

Course Duration:
Part-Time:
Option 1:
Weekday Class, twice weekly
• Every Wednesday & Friday, 7.00 pm – 9.30 pm, unless otherwise stated
• No of Hours per Session: 2.5
Fees:
Registration : $50.00
Material : $80.00
Course Fees : $400.00
Exam Fees : $200.00
Total Fees : $730.00
Payment by 2 Installments for Weekday’s Class:
1st Payment : $365.00 upon enrolment
2nd Payment : $365.00

Option 2: Weekend Schedule – Saturday at 2.00 pm to 5.00 pm

Module No. of Sessions (Hours) Start Date End Date
Book-keeping 16.5 sessions (50 hours) 03 March 2018 30 June 2018

Course Duration:
Part-Time:
Option 2:
Weekend Class, once weekly
• Every Saturday, 2.00 pm – 5.00 pm, unless otherwise state; 3 hours per session

Fees:

Registration : $50.00
Material : $80.00
Course Fees : $400.00
Exam Fees : $200.00
Total Fees : $730.00
Payment by 3 Installments for Saturday’s Class:
1st Payment : $243.00 upon enrolment
2nd Payment : $243.00
3rd Payment : $244.00

Examination Period for Level 1 Book-Keeping:
Jan/Apr/Jun/Sept/Nov/Dec (subject to confirmation)

Graduation Criteria:
Students must have at least 75% class attendance to sit for the examination and a Pass grade in their examination to obtain certification.

Grading System:

Results Grading Qualification Awarded
50% to 59% Pass Pearson LCCI Level 1 Certificate in Book-keeping
60% to 74% Pass with Merit
75% and above Pass with Distinction

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