LCCI Level 1 Certificate in Book-Keeping

Course details

This qualification is suitable for candidates who work or wish to work in areas of business that will involve the recording of financial transactions. It builds on and extends the knowledge and skills developed at the introductory level and is a good progression route to the Level 2 Certificate in Book-Keeping and Accounts.

Aims of the Qualification

The aims of this qualification are to enable candidates to develop:

• an understanding of the basic principles underlying the recording of business transactions
• the ability to maintain the books of, and prepare final accounts for, sole traders

Average Teacher to Student Ratio

1:30

Course Topics

• The Accounting Equation and the basis of double-entry book-keeping
• Recording transactions through double-entry
• Balancing accounts
• Purchases/Sales/Returns
• The Ledger:  Its sub-pision
• Day Books
• Bank facilities/methods of payment or receipt of money
• Cash Book and Cash Discount
• Bank Reconciliation
• Petty Cash Book and the Imprest System
• Trial Balance
• Adjusting for Accruals and Prepayments in the Final Accounts
• Depreciation of Fixed Assets
• The Entries relating to Bad Debts
• The Journal
• Capital and Revenue Expenditure
• Errors in the Accounts and their Correction
• Effect of Profit  (or Loss) and Drawings upon Capital
• Trading and Profit and Loss Accounts
• The Balance Sheet
• Control Accounts – an introduction

Entry Criteria

PSLE level or equivalent

Assessment Mode

100% Examination Based

Award Criteria

Certificate (FOC) will be awarded for the subject passed (50% mark)