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Home Courses Preparatory Course For London Chamber of Commerce and Industry
(LCCI) Level 3 Group Diploma in Accounting

Preparatory Course For London Chamber of Commerce and

Industry (LCCI) Level 3 Group Diploma in Accounting

COURSE DETAILS

FEE STRUCTURES

DATES

PRE-REGISTER

Introduction
LCCI or The London Chamber of Commerce and Industry has over 100 years of
experience in providing trusted and valued business-related qualifications. Employers,
universities and other professional bodies internationally recognise the LCCI international
qualifications. LCCI's range of courses is designed to deliver the skills essential for

success in today's demanding commercial environment. The LCCI winning formula lies in
its flexible programme with examination at various levels thus enabling candidates to
enter at the most appropriate level for their existing skills. LCCI also offer Diplomas and
Group Awards to allow candidates to add to their marketable skills and receive
professional status.

Course Learning Outcomes

The aim of this course is to equip candidates with the knowledge as well as the
understanding of the concepts and techniques involved in the preparation of accouting
information, in the analysing of costing behaviour and the assessing of resource control.
The 4 sub-modules include Higher Accounting, Cost Accounting, Management
Accounting, and Business Statistics (optional).

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) - 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. DIA group diploma a pass in at least 3 units include HA (core unit) in 1
sitting (or split sitting within 90 days e.g. April to June).

Final Award

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

Module Synopsis
The 4 sub-modules include

Higher Accounting

Cost Accounting

Management Accounting

Business Statistics (optional)

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. Management Accounting
The aim of this unit is to test the candidate's knowledge and understanding of the basic
principle involved in short-term cost behaviour, short and long term decision making and
short-term profit control, cash management and product cost ascertainment. Candidates
are expected to develop: the ability to critically analyse information for both short term
and long term decision making; an ability to use management accounting information for
the purposes of planning and control of cash and other resources within business
organisation and an understanding of factors affecting the planning and control process;
an awareness of how product costs can be ascertained using different costing methods;
and an understanding of business performance measures, and the relevance and impact
of transfer pricing.
Syllabus topics include

Short term cost behaviour

Short term decision making

Short term profit control

Cash and working capital management

Long term decision making and control

Product cost ascertainment

Transfer pricing and performance evaluation

Assessment objectives:

Short-term cost behaviour, Decision making and Profit-control

Cash Management

Long Term Decision Making and Control

Product Cost Ascertainment

Transfer Processing and Performance Evaluation

Information Processing

3. Cost Accounting

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 shortterm 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

4. Business Statistics
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

Appeal Information
For LCCI examinations, appeals of results must be done within 14 days of results release.
Students are required to fill up an appeal form and submit to our school to followup for
processing of their request. An administrative fee for appeal is to be borne by the
student. The school will release appeal results not later than eight weeks (for courses
administered by external examination board) from the date of appeal, or an enquiry will
be raised with the respective examination board.

Expected date of release of Assessment result

Assessment results / Award of certificate will be available to the students within 3 months
of the last assessment for that assessment cycle. Appeal on Assessment results needs to
be done within 2 weeks from the date of release of results for that assessment cycle.

Specimen Certificate

Download Brochure
Last updated on 30 Nov 2012
Note: Course syllabus will be provided upon registration.
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Version 3, updated on 16 July 2013, 5:30 pm. 2013 BMC International College

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