Course details
Teaching / Learning Methods and Strategies
Trial of Past Year Examination Papers / Assignments / Classroom Face-To-Face Theoretical Explanations
Entry Requirements
1 GCE N Level OR
1 GCE O Level OR
LCCI Level 2 Certificate in Book-Keeping OR
NITEC/Higher NITEC
Additional Entry Pre-requisite for DIA, DCA courses
Basic Book-Keeping knowledge; OR
LCCI Level 2 Certificate in Book-Keeping; OR
Practical working experiences in a financial/accounting industry.
Assessment Information
EXAMINABLE THEORY PAPER (EXTERNAL AWARD BY LONDON CHAMBERS OF COMMERCE & INDUSTRY INTERNATIONAL QUALIFICATIONS, UK) - 3 TIMES / YEAR [MARCH & APRIL (Series 2/On-Demand) / JUNE (Series 3) / NOVEMBER & DECEMBER (Series 4)].
Criteria of Award
Candidates must fulfill at least 75% course attendance requirements by AEB to sit for examinations. DIA group diploma a pass in at least 3 units include HA (core unit) in 1 sitting (or split sitting within 90 days e.g. April to June).
Final Award. London Chamber of Commerce and Industry (LCCI) Level 3 Group Diploma in Accounting Certificate
Module
The 5 sub-modules include
Complete Book-keeping(Elementary & Intermediate)
Higher Accounting
Cost Accounting
Management Accounting
Business Statistics (optional)
1a. Elementary Book-Keeping (1st Level)
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
1b. Intermediate Book-Keeping (2nd Level)
This advanced aspects of elementary book-keeping aims to enable candidates to develop an 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 and limited companies. This qualification is suitable for candidates who are working, or are preparing to work in an accounting environment maintaining financial records and preparing accounts. Candidates attempting this qualification should have the knowledge and skills equivalent to the LCCIIQ Level 1 Book-keeping qualification. Candidates who achieve Level 2 Book keeping and Accounts may progress to the LCCIIQ 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.
2. Higher Accounting
Candidates are expected to develop: an understanding of the more advanced aspects of Certificate in Book-keeping, Level 1 and Certificate in Book-keeping and Accounts, Level 2; the preparation of accounts for a partnership in relation to alterations in partners interests and the conversion of a partnership into a limited company; the accounting entries for a limited company to record the issue of share capital and the issue and redemption of debentures; how to account for distributable profits and profits prior to incorporation for companies; the preparation of cash flow statements in accordance with FRS 1 (revised); the preparation of a cash budget; the preparation of a budgeted income statement and/or balance sheet; the calculation and interpretation of accounting ratios; the principles of decision making; the interpretation of accounting statements; and accounting standards and concepts.
Syllabus topics include
Levels 1 and 2 revisited
Valuation of stocks
Valuation of fixed assets
Partnerships
Companies
Accounting for groups of companies
Cash flow statements
Accounting ratios
Budgetary control
Introduction to decision making
Concepts and accounting framework
Note: Taxation, in all its forms, is excluded from this syllabus.
ASSESSMENT OBJECTIVES:
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
3. Management Accounting
The aim of this unit is to test the candidates 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 management and product cost ascertainment. Candidates are expected to develop: the ability to critically analyse information for both short term and long term decision making; an ability to use management accounting information for the purposes of planning and control of cash and other resources within business organisation and an understanding of factors affecting the planning and control process; an awareness of how product costs can be ascertained using different costing methods; and an understanding of business performance measures, and the relevance and impact of transfer pricing.
Syllabus topics include
Short term cost behaviour
Short term decision making
Short term profit control
Cash and working capital management
Long term decision making and control
Product cost ascertainment
Transfer pricing and performance evaluation.
ASSESSMENT OBJECTIVES:
Short-term cost behaviour, Decision making and Profit-control
Cash Management
Long Term Decision Making and Control
Product Cost Ascertainment
Transfer Processing and Performance Evaluation
Information Processing
4. Cost Accounting
Candidates are expected to develop: an understanding of advanced aspects of the processing of cost accounting information, including stock control; a detailed understanding of how cost accounting information can be used for the purposes of short-term planning, control and decision making within business organisations; and the ability to apply this understanding in a variety of business settings.
Syllabus topics include
Materials and stock control
Costing methods and systems
Cost-volume-profit(CVP) analysis
Budgetary planning and control
Standard costing and variances
Accounting systems
ASSESSMENT OBJECTIVES:
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
5. Business Statistics
The aim of this unit is to test the candidates ability to apply business statistics to business situations.
ASSESSMENT OBJECTIVES:
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 distribution
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, contingency tables
Control charts and elementary statistical quality control
Correlation - The product moment correlation coefficient, including a significance test linear regression and least squares
Grading System
Grading Results
50% - 59% PASS
60% - 74% PASS WITH CREDIT
75% and above PASS WITH DISTINCTION
Expected date of release of Assessment result
Assessment results will be available to the students within 3 months upon completion of the last assessment for that assessment cycle. Appeal (if any) on assessment results must be lodged within 7 days after the release of assessment results.
Specimen Certificate
Course Location
About BMC International College
BMC International College has a humble beginning, starting with a vision of its founder, in providing affordable education to the masses during its early years in 1960s. BMC has today grown in size and all its centres are located strategically around Singapore and are within the MRT (train) and bus stations. BMC International College offers a wide range of courses from Accounting, Business, Engineering, Hotel & Tourism Management to Psychology and Counselling. BMC’s educational partners are Autodesk, Edexcel International, the Confederation of Tourism & Hospitality (CTH), London Chamber of Commerce and Industry (LCCI), NCC Education (UK) and the University of Hertfordshire (UK). BMC deploys teachers that meet its educational partners’ requirements and/or the requirements set by CPE. See all BMC International College courses- Accounting Diploma Brentwood Open Learning CollegeSGD 101
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