Preparatory course for LCCI Level 2 Certificate in Book-Keeping & Accounts

Overview

Our Inspizone LCCI Level 2 Certificate Syllabus in Bookkeeping and Accounting gives learners a thorough foundation in bookkeeping and basic accounting practices, including double entry bookkeeping, in accordance with International Accounting Standards (IAS).

It's suitable for those working or preparing to work in roles responsible for the detailed recording of the financial transactions of a business, maintaining records using double entry bookkeeping and ensuring that all monetary transactions are recorded accurately.

This Level 2 qualification is usually the recommended minimum entry requirements for jobs and allows progression to other LCCI Level 3 qualifications. It is also business owners who need to carry out their own bookkeeping and those who already working in accounting who would like to enhance their skills.

Duration: 2 Months (  7pm-10 pm on Tuesday and Friday starting from 8th March 2019)

Venue: 10 Anson Road, 26-08A International Plaza, Singapore 079903

Overview of assessment

● One written, externally-set and marked paper, contributing 100% of the overall grade of the qualification.
● The examination will be 3 hours.
● The examination will consist of 100 marks.
● Candidates will be graded Pass/Merit/Distinction. A result of Fail will be recorded where candidates do not achieve the required marks for a Pass.
● The paper contains five questions.
● Candidates answer all questions.
● The questions comprise table completion, account preparation, calculations, multiple choice, short open response and medium open response questions.
● Calculators may be used in the examination.
● Bilingual dictionaries are permitted for use in the examination.

Entry Requirements
● Above 16 years old
● High School Level English
● Certificate in Bookkeeping Level 1 (recommended)

Qualification Type
● LCCI IQ

Qualification Title
● Pearson LCCI Level 2 Certificate in Bookkeeping and Accounting (VRQ)

Accreditation Status
● Accredited

Subject suite
● Financial and Quantitative

Number of lessons
● 16 lessons

Recording Financial Transactions

• The principles of doubleentry accounting

Control Accounts

• The preparation of control accounts
• Reconciliation of control accounts

Correction of Errors and the Journal

• Correction of errors not affecting the trial balance
• Correction of errors affecting the trial balance
• The Journal

Adjustments in Financial Statements

• Accounting concepts
• Accounting for depreciation
• Accounting for irrecoverable debts and allowance for doubtful debts
• Accounting for accruals and prepayments

Preparation of Financial Statements

• Partnerships
• Limited liability companies
• Incomplete records of a sole trader
• Manufacturing businesses
• Non-profit making organisations

Accounting Ratios

• The calculation and interpretation of accounting ratios