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LCCI Level 1 Book-keeping syllabus to BAFS Syllabus
Topic LCCI BAFS
1. The accounting equation and the basis of double-entry
book-keeping 2. Recording transactions through double entry 3.
Double entry system for expenses and revenues and the effect of
profit (or
loss) and drawings upon Capital
4. Balancing accounts and the Trial Balance 5.
Final accounts with further considerations
6. Bank facilities 7. Day books 8. Cash book 9. Petty cash book
and Imprest system 10. The journal 11. Adjusting for accruals and
prepayments 12. Depreciation of fixed assets 13.
Bad debts
14. Bank reconciliation statements 15. Capital and revenue
expenditure 16. Errors in the accounts and their corrections 17.
Control Accounts 18. Final Accounts with year end adjustments
Keys
Fully covered in BAFS Partially covered in BAFS Not covered in
BAFSExamination Format
Time: 2.5 hours
Questions: 4 compulsory questions
The presentation of financial statements of BAFS and LCCI
Examination are different.The LCCI top-up course for BAFS students
will be provided during summer holiday. The details
will be announced on our website.
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Mapping table
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LCCI Level 2 Book-keeping and Accounts syllabus to BAFS
Syllabus
Topic LCCI BAFS
1. Advanced aspects of Level 1 Book-keeping
(double entry, Books of original entry, types of ledgers, Trial
Balance, Sole
trader Final Accounts)
2. Advanced aspects of depreciation
3. Adjusting for accruals and prepayments
4. Bad debts and provision for doubtful debts
5. Partnerships
6. Limited companies
7. Control accounts
8. Incomplete records
9. Stock valuation
10. Manufacturing accounts
11. Non-trading organizations
12. Errors and the use of a suspense account
13. Calculation and interpretation of Ratios
14. Preparing simple financial statements using ratios
Keys
Fully covered in BAFS Partially covered in BAFS Not covered in
BAFSExamination Format
Time: 3 hours
Questions: 4 compulsory questions
The presentation of financial statements of BAFS and LCCI
Examination are different
The LCCI top-up course for BAFS students will be provided during
summer holiday. The details
will be announced on our website.
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Mapping table
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LCCI Level 3 Accounting syllabus to BAFS Syllabus
Topic LCCI BAFS
1. Level 1 and 2 revisited
(depreciation, bad and doubtful debts, preparing final accounts
for a sole
trader, incomplete records, non-trading organization,
manufacturing
accounts, control accounts, errors and use of a suspense
account)
2. Valuation of stocks
3. Valuation of tangible fixed assets
4. Partnerships
5. Accounting for the issue of shares and debentures
6. Accounting for groups of companies
7. Cash flow statements
8. Ratio analysis
9. Budgetary control
10. Break-even analysis
11. Investment appraisal
12. Accounting concepts and the accounting framework
Keys
Fully covered in BAFS Partially covered in BAFS Not covered in
BAFSExamination Format
Time: 3 hours
Questions: Attempt any 4 out of 5 questions
The presentation of financial statements of BAFS and LCCI
Examination are different
Free seminar will be offered to those who complete Level 3
course. In the seminar, accounting
terminology, the components of financial statements,
consolidated financial statements, update
on Accounting Standards: HKAS 1 Presentation of Financial
Statements will be introduced.
