LCCI Level 2 Bookkeeping Accounting

lcci level 2 accounting course singapore

SkillsFuture Approved LCCI Level 2 Accounting Course.

LCCI stands for London Chamber of Commerce and Industry. The LCCI courses are designed to impart vocational and professional knowledge of accounting. LCCI has subsequent qualification levels which help the students to decide which level of qualification they need for their carrier progression. The knowledge level increases with every level. The LCCI qualification is generally gained in 4 qualifications.  This certificate of qualification of LCCI is suitable for people who work or wish to work in areas of business that will involve the recording of financial transactions.

To attain LCCI knowledge, a person will have to gain absolute knowledge of accounting. By admitting one self Into an LCCI accounting course, a person will gain adequate knowledge of basic principles underlying the recording of business transactions. At the successful completion of this course the student will be very well versed with methods of recording of data and prepare final accounts. This course not only imparts smart accounting techniques to the students but also teaches them how to balance accounts, prepare petty cash books, depreciate fixed assets and all.

Apart from aforementioned uses and importance of LCCI course, there are certain other important benefits of LCCI course Singapore. On enrolling for such a course, the person gets knowledge on various aspects of accounting such as preparing journal, trading and profit and loss account. Such an all-around knowledge makes a person capable for other accounting jobs as well.

Duration: 1 Months

Venue: International Plaza, Tanjong Pagar

LCCI Level 2 Accounting Course. LCCI Level 2 Certificate In Bookkeeping and Accounting Outline:

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

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

Qualification Type

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