"The roots of education are bitter, but the fruit is sweet"(Aristotle )

Certificate / LCCI Accounting

Accounting Third Level (30 Hours)


The aims of the examination are to test the student’s:
understanding of the basic principles underlying the recording of business transactions ability to prepare and interpret accounts for sole traders, partnerships, non-trading organisations, limited companies and groups of companies in accordance with basic accounting conventions and current accounting practice

Assessment Objectives

After successfully completing this examination students will be able to demonstrate an understanding of:

 the more advanced aspects of Book-keeping, First Level and Book-keeping and Accounts, Second Level
 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 accounts for investments, joint ventures and interest on capital
 the preparation of a Cash Flow Statement in accordance with FRS 1 (revised)
 the preparation of a cash budget
 the calculation and interpretation of accounting ratios not examined at Book-keeping and Accounts, Second Level
 the interpretation of accounting statements