LCCI Subjects
CONTENTS
Overview of LCCI Level 1, 2, 3 and 4
About Business Calculations Subjects
About Business Statistics Subjects
LCCI Level 1
Recommended for those who have no accounting knowledge or experience.
If you have studied Accounting subject in SPM or equivalent, you don’t have to do LCCI Level 1. If you are not sure, request a placement test (assessment) to determine for sure if you are good to skip this paper.
Award: Level 1 Certificate
LCCI Level 2
Complete 3 subjects in Level 2 to get Diploma
Award: Diploma in Bookkeeping & Accounting*
must pass BKA, BS and CA
LCCI Level 3
Financial Accounting or Accounting
Cost and Management Accounting
Advanced Business Calculations.
You can use this Diploma to commence your ACCA studies.
Award: Diploma in Accounting & Finance*
Must pass FA, CMA and BS
LCCI Level 4
Complete Level 4 Financial Accounting you will get an exemption into ACCA Paper FA.
Award: Level 4 Certificate
What do I learn in each subject?
Accounting (BK / BKA / FA)
Level 1 begins with the accounting basics like what is the double-entry system, ledger and journals, and principles of accounting. All this knowledge will build on up to Level 3 where you will learn the advanced elements like consolidation of financial statements, partnership accounts, extended trial balance, etc. If you are desirous to understand more complex issues in accounting, you can consider Level 4 Financial Accounting too.
Cost & Management Accounting Subjects (CA / CMA)
Here you are going to learn different ways to recognise and classify costs. These are very important to undertake product or servic costing and how to control costs within an organisation. The syllabus throughout LCCI Levels 2 to 3 shall encompass the skills to use these information to prepare budgets, managing costs, managing working capital for business and decisions making.
Business Calculations / Advanced Business Calculations (BC / ABC)
These subjects are called business calculations because you will be mastering techniques needed to support business functions, such as interests calculations (think about loans), evaluating business profitability and managing liquidity and investment appraisals. These are skills needed by staff engaging in business decisions.
Business Statistics Level 2 and 3
You are going to learn different concepts of statistical data and how to apply them in business data analysis. In these subjects too, you will be exposed to the knowledge of managing and controlling different business risks and support decision making.
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