LCCI Level 3 Accounting (VRQ)

LCCI Accounting Course Singapore

Preparatory Course for LCCI Level 3 in Accounting

Overview (SkillsFuture Approved)

Our Inspizone LCCI qualifications in Financial Accounting develops learner’s ability to apply the key principles of decision making, whilst building their confidence in preparing and interpreting accounts for different types of businesses in accordance with standard accounting practice and basic accounting conventions.

Learning at this level is suitable for those working or intending to work in advanced accounting roles with a high level of autonomy.

Duration: 18 lessons over 2.5 months ( 7pm-10 pm on monday and thursday)

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

LCCI Level 3 Certificate in Accounting (VRQ)

The following skills should be developed throughout the course of study.

a) Demonstrate accuracy, orderliness and appropriate presentation of accounting information.
b) Demonstrate an understanding of the principles of professional ethics.
c) Demonstrate a knowledge of accounting concepts and principles.
d) Make adjustments using journals and ledger accounts.
e) Prepare and extend a trial balance for adjustments and to calculate profit or loss for the period.
f) Prepare financial statements with adjustments and from incomplete records for sole trader, partnership and group, including:

  • statement of profit or loss
  • statement of profit or loss appropriation
  • statement of financial position
  • statement of change in equity
  • statement of cash flows.


g) Calculate and analyse ratios to make recommendations and decisions.
h) Prepare cash, inventories, trade receivables, trade payables and budgeted financial statements
i) Use marginal costing for decision making
j) Calculate, analyse the results and make recommendations and decisions by using payback period, accounting rate of return and net present value for investment appraisal.

Entry Requirements
● Above 16 years old
● High School Level English
● Level 2 Bookkeeping and Accounting (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
● 18 lessons

LCCI Course Singapore

  LCCI Level 3 in Accounting Course Outline

 

Accounting concepts and framework

  • The financial accounting function
  • Types of business organisations
  • How financial statements contribute towards meeting the needs of different stakeholders and users
  • Introduction to ethical behaviour in accounting practices

Recording financial transactions

  • Account for inventory
  • Account for tangible and intangible non-current assets
  • Account for depreciation

Preparation of an extended trial balance

  • The preparation of the extended trial balance

Preparation of financial statements

  • Partnerships
  • Limited Liability Companies
  • Accounting for groups of companies

Preparation of accounting from incomplete records

  • Preparation of accounting records from incomplete records

Interpretation of financial statements

  • The calculation and interpretation of accounting ratios

Budgetary control

  • Budgets

Introduction to decision making

  • Short-term decision making
  • Long-term decision making

Our Clients