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LCCI Level 3 in Advanced Business Calculations

Preparatory course for LCCI Level 3 in Advanced Business Calculations (ASE3003)

Overview 

Our Inspizone Pearson LCCI qualifications are work-related qualifications, created to give professional learners the skills and knowledge needed to thrive in the workplace.

Duration: 12 Lessons  (7pm-10pm), 2 lessons/week

Entry Requirements: Above 16 years old, High School Level English

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

LCCI Qualification Types : Our Inspizone LCCI qualifications are suitable for a wide range of learners aged 14 and over, and are available as single subjects, diplomas and group certificates.

(Single Subject Qualifications)

The majority of LCCI qualifications are at levels 1 to 4:

  • LCCI Level 1 qualifications improve your basic knowledge and skills in a particular subject or business-related job area.
  • LCCI Level 2 qualifications are usually the minimum entry requirement for jobs. They give you good knowledge and a solid understanding of a subject or business-related job area.
  • LCCI Level 3 qualifications develop your ability to learn and apply a range of knowledge, understanding and skills at a detailed level.
  • LCCI Level 4 qualifications help you to become a specialist in your area of learning or work.

 LCCI Level 3 Certificate in Advanced Business CalculationsLCCI Level 3 Certificate in Advanced Business Calculations

The aims of the Pearson LCCI Level 3 Certificate in Advanced Business Calculations (VRQ) are to enable candidates to develop:

  • A broad knowledge and understanding of advanced business calculations in relation to simple and compound interest, stock exchanges, business ownership, profitability and liquidity,
    investment appraisal, bankruptcy, depreciation of business assets and index numbers
  • The ability to apply this knowledge and understanding in a business situation
  • A knowledge and understanding of related terminology.

This qualification is intended for students who have already passed the LCCI IQ Business Calculations Level 2 or equivalent. It is specifically designed for persons intending to perform a range of advanced business calculations within a business environment.

Taken with other LCCI IQ business courses, it provides a suitable preparation for candidates
intending to work at an advanced level in a business environment.

The qualification is also suitable for the student with a general interest in the subject.

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, preparation of accounts, short openresponse questions and multiple-choice questions.
  • Calculators may be used in the exam.
  • Bilingual dictionaries are permitted for use in the exam.

 LCCI Level 3 Certificate in Advanced Business Calculations Course Outline

Simple and compound interest

  • Terminology
  • Simple interestorganisations
  • Compound interest

Depreciation of business assets

  • Terminology
  • Types of business Equal instalment method
  • Diminishing balance method

Stock exchanges

  • Terminology
  • Types of business Company shares
  • Debentures
  • Stocks
  • Unit trusts

Index numbers

  • Terminology
  • Price index numberorganisations
  • Quantity index numbertowards
  • Composite (or general) index number
  • Change of base year

Bankruptcy

  • Terminology
  • Types of business organisations
  • Secured and unsecured creditors towards
  • Dividend

Profitability and liquidity

  • Profitability and liquidity
  • Ratios to assess profitabilityorganisations
  • Ratios to assess Liquidity

Business ownership

  • Terminology
  • Revenue and costsorganisations
  • Break-even analysistowards
  • Trading , profit and loss accounts
  • Balance sheets

Investment appraisal

  • Investment appraisal
  • Paybackorganisations
  • Average rate of return
  • Net Present value
  • Internal rate of return
  • Appraisal

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