Pearson LCCI Level 3 Certificate in Accounting

Course details

Course Learning Outcomes

Trial of Past Year Examination Papers / Assignments / Classroom Face-To-Face Theoretical / Practical Explanations.

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) - 4 TIMES / YEAR [MARCH & APRIL (Series 2/On-Demand) / JUNE (Series 3) / SEPTEMBER (On-Demand) / NOVEMBER & DECEMBER (Series 4)].

Criteria of Award

Candidates must fulfill at least 75% course attendance requirements by AEB to sit for examinations. To obtain the certificate, students need to obtain at least a Pass grade in their examinations.

Final Award

London Chamber of Commerce and Industry (LCCI) Level 3 Certificate in Accounting

Module

Level 3 Certificate in 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 the basic principles underlying the recording of business transactions
Ability to prepare and interpret accounts for sole traders, partnerships, non-trading organisations, limited companies and groups of companies in accordance with basic accounting conventions and current accounting practice
Ability to apply the principles of decision making
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

LCCI_Sample_Certificate_UPD2_BTCH1_v2_Level 3 Accounting (IAS)