LCC&I --- Book-keeping First Level ( effective from 1 October 2001 )

A ) Syllabus Topics

1. / The accounting equation and the basis of double-entry book-keeping
2. / Recording transactions through double entry
3. / Balancing accounts
4. / Purchases / sales / returns
5. / The ledger : its subdivision
6. / Day books
7. / Bank facilities / methods of payment or receipt of money
8. / Cash book and cash discount
9. / Bank reconciliation
10. / Petty cash book and the imprest system
11. / Trial balance
12. / Adjusting for accruals and prepayments
13. / Depreciation of fixed assets
14. / Bad debts and provision for doubtful debts
15. / The journal ( Each journal entry should include the relevant date. It should also
include a suitable narration, unless the question states that it is not required. )
16. / Capital and revenue expenditure
17. / Errors in the accounts ( The preparation of a Suspense account is not required. )
18. / Effect of profit ( or loss ) and drawings upon capital
19. / Trading and profit and loss accounts
20. / The balance sheet
21. / Club and society accounts

B ) Examination Format

~ / The time allowance for the examination is 2 hours 30 minutes
~ / There are 4 questions on the examination paper
~ / All of the questions are compulsory
~ / All questions carry equal marks
~ / The answers required will be predominantly quantitative
~ / At least 2 of the following syllabus topics will appear in each examination
9. / Bank reconciliation
10. / Petty cash book and the imprest system
12. / Adjusting for accruals and prepayments
13. / Depreciation of fixed assets
14. / Bad debts and provision for doubtful debts
16. / Capital and revenue expenditure
19. / Trading and profit and loss accounts
20. / The balance sheet
21. / Club and society accounts

C ) Pass Mark Information

Pass 50%

Credit 60%

Distinction 75%


LCC&I --- Book-keeping Second Level ( effective from 1 October 2001 )

A ) Syllabus Topics

1. / Advanced aspects of the syllabus for Book-keeping First Level
2. / Partnerships
3. / Limited liability companies
4. / Incomplete records
5. / Manufacturing accounts
6. / Stock valuation
7. / Non-trading organizations
8. / Branch accounts ( excluding foreign branches )
9. / Bills of exchange --- receivable and payable
10. / Consignment accounts
11. / Control accounts
12. / Suspense accounts
13. / Calculation and interpretation of ratios
14. / The preparation of final accounts
15. / Treatment of provision and reserves

B ) Examination Format

~ / The time allowance for the examination is 3 hours
~ / There are 4 questions on the examination paper
~ / All of the questions are compulsory
~ / All questions carry equal marks
~ / At least 2 of the following syllabus topics will appear in each examination
1. / Advanced aspects of the syllabus for Book-keeping First Level
2 / Partnerships
3. / Limited liability companies
4. /

Incomplete records

7. / Non-trading organizations
14. / The preparation of final accounts

C ) Pass Mark Information

Pass 50%

Credit 60%

Distinction 75%


LCC&I --- Accounting Third Level ( effective from 1 October 2001 )

A ) Syllabus Topics

1. / Recording transactions
2. / Preparation of accounting statements and data :
2.1 Income statements and cash records
2.2 Balance sheets
2.3 Partnerships
2.4 Companies
2.5 Accounting for groups of companies
2.6 Accounting for branches, investments, joint ventures and interest on capital
2.7 Cash flow statements
2.8 Cash budgets
2.9 Accounting ratios, working capital statements
3. / Use and interpretation of accounting statements and data :
3.1 Measuring business performance
3.2 Statements as an aid to management decisions
3.3 Understanding the terminology
3.4 Effect of accounting concepts and up-to-date accounting methods on final
accounting statements

B ) Examination Format

~ / The time allowance for the examination is 3 hours 30 minutes
~ / The format of the examination will be as follows :
Section A --- this will contain 2 compulsory questions, each worth 20 marks
Section B --- this will contain 4 questions, each worth 20 marks. Candidates are required to answer 3 of these questions
~ / The questions can relate to more than one topic area from the syllabus
At least 2 of the following syllabus topics will appear in each examination :
2.3 Partnerships
2.4 Companies
2.5 Accounting for groups of companies
2.6 Accounting for branches, investments, joint ventures and interest on capital
2.7 Cash flow statements
2.9 Accounting ratios, working capital statements

C ) Pass Mark Information

Pass 50%

Credit 60%

Distinction 75%