Preparatory Course for Pearson LCCI Diploma in Computerised Accounting BMC International College
Price: 239680 SGD

    Course details

    ion, students will study Higher Accounting, and Cost Accounting or Business Statistics (optional) modules for this Diploma in Computerised Accounting course.

    Computerised Accounting Level 3 is a test of practical ability although candidates will need to have a basis of accounting knowledge and understanding in order to pass. LCCI Accounting Level 3 assesses candidates knowledge and understanding at this level; centres and candidates should note however that the detailed contents of the Computerised Accounting Level 3 and Accounting Level 3 syllabuses do not correspond exactly. The examination will assess the candidates ability to use MYOB computerised accounting software to: Set up partnership and limited liability company accounts; Track department and job profitability; Enter transaction data including multi-currency transaction data; Manage debtors accounts and bad debts; Manage inventory; Enter year-end journal entries before closing financial years; and Customise and generate a variety of reports.

    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 OR
    NITEC/Higher NITEC OR
    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 / PRACTICAL 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. DCA diploma a pass in at least 3 Modules include HA & CCA (core units) within 24 months duration based on 1st sitting of examinations.

    Final Award

    London Chamber of Commerce and Industry (LCCI) Level 3 Group Diploma in Computerised Accounting.

    Module

    The 3 sub-modules include

    Higher Accounting
    Computerized Accounting
    Cost Accounting / Business Statistics
    1. 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
    2. Computerised Accounting

    This module will equip the candidates ability to use MYOB computerised accounting software to: Set up partnership and limited liability company accounts; Track department and job profitability; Enter transaction data including multicurrency transaction data; Manage debtors accounts and bad debts; Manage inventory; Enter year-end journal entries before closing financial years; and Customise and generate a variety of reports.

    ASSESSMENT OBJECTIVES:

    1. Company Accounts

    Set up the data file and the chart accounts for the following
    Generate accounts listing for the various types of companies
    Perform the necessary steps to distribute partnership profits at the end of the accounting period
    Record the following for a limited liability company
    2. Tracking Profitability of Departments and Jobs

    Set up various profits centres
    Record sales and expenses and allocate these to various profit centres
    Generate reports relating to a selected profit centre or all profit centres
    3. Multi-Currency Transactions

    Set up control accounts to handle multiple currencies
    Specify currency codes and exchange rates
    Record sales and purchases involving multiple currencies
    Update the various exchange rates and record unrealised exchange gains or losses at the end of period
    Generate exchange gain or losses
    4. Debtor Management

    Customise and generate the debtor ageing report
    Perform the following tasks to factor debts to a factoring enitity
    Account for transactions in stituations where a customer is also a supplier using the following methods
    Perform the steps to record

    5. Advanced Inventory Management

    Perform the following tasks with respect to Tradedin items
    Account for consignment stock

    6. Year-End Procedures and Maintenance


    Make end-of period adjustments
    Close the current financial year and start a new Financial year


    7. Reports and Analysis

    Customise and generate reports
    Enter monthly budgets
    Compare actual company performance against budgets

    3a. Cost Accounting (Optional)

    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
    3b. Business Statistics (Optional)

    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

    LCCI_Sample_Diploma_UPD2_BTCH1_v3_Diploma in Computerised Accounting_2

    Updated on 08 November, 2015

    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
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