The aims of this qualification are to enable candidates to develop an understanding of the basic principles underlying the recording of business transactions, and the ability to maintain the books of, and prepare final accounts, for sole traders.
DurationThe London Chamber of Commerce and Industry LCCI International Qualifications are awarded by Pearson Education Ltd. An accredited Awarding Body providing vocational and professional qualification around the world.
Pearson is accredited by the UK qualifications regulator, the Office of Qualifications and Examinations Regulation (Ofqual), and many regulatory bodies and Ministries of Education around the world recognise LCCI International Qualifications.
Employers, universities and other professional bodies internationally recognise the LCCI international qualifications. LCCIs range of courses is designed to deliver the skills essential for success in todays demanding commercial environment.
The Pearson-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.
Pearson-LCCI also offer Diplomas and Group Awards to allow candidates to add to their marketable skills and receive professional status.
Course Outline:
The aims of this qualification are to enable candidates to develop an understanding of the basic principles underlying the recording of business transactions, and the ability to maintain the books of, and prepare final accounts, for sole traders.
This includes the record of double-entry bookkeeping of simple transactions concerning the purchase and sale of goods and the receipt and payment of cash.
This certificate is suitable for candidates who work or wish to work in areas of business that will involve the recording of financial transactions. All businesses require accurate accounting records that are maintained on a regular basis. Consequently, there is a demand for employees who possess these skills.
Assessment objectives:
Book of prime entry such as purchases, sales, return inwards, return outwards and the journal.
Methods of payment and receipt such as cheques, standing orders, credit transfers, direct debits
Trade and cash discounts – essential differences and how these are recorded
Petty-cash book and the imprest system
The ledger and its various entries
The distinction between personal, real and nominal accounts
Capital expenditure and revenue expenditure
Fixed and current assets
Adjusting for Accruals and Prepayments in the Final Accounts
Depreciation of Fixed Assets
Provision for bad and doubtful debts
Opening and closing stock for trading accounting purposes
Receipts and payment accounts, income and expenditure accounts
Trading and Profit & Loss accounts
Balance Sheet
BMC International College is registered with the Committee for Private Education (CPE) under the Enhanced Registration Framework. Its history dates back to the time when its founder started a private school named Redhill Tutorial Institution in 1966.
Over the decades BMC’s founder started other private schools to meet the increasing demand for affordable private education.
To comply with the Private Education Act 2009, BMC International Education Group Pte Ltd which owned BMC Academy was renamed BMC International College Pte Ltd on 16th December 2009.
BMC International College took over the operations of BMC Academy to offer courses ranging from certificates to degrees. Today, BMC provides accounting, business, computing, counselling, engineering, hotel & tourism management and professional/vocational courses to both individuals and corporations.
BMC International College has a humble beginning, starting with a vision of its founder, in providing affordable education to the masses during its early years in 1960s. BMC has today grown in size and all its centres are located strategically around Singapore and are within the MRT (train) and bus stations.
Our mission enhancement cuts to the heart of how we approach our everyday business, by reaffirming our vision and mission and core values. The core values are significant, as they address our thoughts on student and employee development to help BMC achieve ongoing excellence.
Our Vision
To be a leader in holistic education.
Our Mission
To provide affordable quality education and advance the interest of lifelong learning.
Our Values
Approachable
BMC is approachable because our staff know the importance of being friendly, kind and helpful to all. BMC staff strive to provide excellent customer service in order to meet or exceed customer expectations.
Affordable
BMC is affordable because we always compare our fees to our competitors and ensure our fees are lower. We also consider our customers financial constraints when making any decisions.
Active
BMC is active because we are a dynamic organisation. BMC has been enriching lives since 1966. This shows our root (humble beginning) and our commitment to the whole society. We always keep ourselves abreast with what is going on in the private education industry, strive to improve ourselves continuously and promote student-centric learning culture.
Respect
BMC values and respects every one. Our staff are guided by the belief that to gain respect from others we need to not only respect ourselves but also others.
Teamwork
BMC works as a team because Together Everyone Achieves More!
Educational Goals
To be a leader in holistic education
by preparing students to meet the challenges of life as well as academics;
by conducting student-centred classes that empower students to be active participants; and
by developing educational activities that encourage students to participate in their own
To offer industry-relevant courses
by developing courses which prepare students for life and career; and
by equipping students with industry-relevant knowledge and skills as well as imparting soft skills which are essential to meet the challenges of the industry.
To prepare students to be life long learners
by educating students that learning is a lifelong process; and
by developing enrichment activities centred around lifelong learning.
Quality Management
Quality Management is defined at BMC as a continuous, active and responsive process that seeks to improve the outcome for our customers and stakeholders in the context of achieving BMC ‘s mission, vision and goals.
Customer Service Philosophy
Our goal is to provide service that promptly meets our customers needs and exceeds their expectations. They see us as an organisation that is responsive, active, friendly, professional, knowledgeable, flexible and reliable.
The purpose of this introductory level course is to give students essential skills in, and knowledge of, double-entry bookkeeping.
You can learn the important aspects of the accounting or book keeping in Singapore, learning how to outline the accounting principles properly.
Ocean Business School Awarded the Pearson LCCI Regional Centre of Excellence
LCCI qualifications can also help you to progress into unversities and professional qualifications (such as Association of Chartered Certified Accountants (ACCA), Institute of Chartered Accountants in England and Wales (ICAEW).
Pearson LCCI level1 certificate in bookkeeping are work related qualification created to give professional learners the skills and knowledge needed to excel in the workplace.
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