Pearson LCCI Level 1 Certificate in Book-Keeping

Course details

Above 16 years old
High School English Level
Course Outline

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
Adjusting for Accruals and Prepayments in the Final Accounts
Depreciation of Fixed Assets
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
Method of Delivery

Lecture

Award Criteria

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

GRADING RESULTS
50% - 59% PASS
60% - 74% PASS WITH CREDIT
75% and above PASS WITH DISTINCTION
Assessment Information

Assessment results / Award of certificate will be available to the students within 3 months of the last assessment for that assessment cycle.

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

LCCI_Sample_Certificate_UPD2_BTCH1_v2_Pearson LCCI Level 1 Certificate in Book-keeping