Accordingto the Singapore Companies Act all resident companies in Singapore have a mandate to maintain a proper book of accounts. There are various other requirements, stipulated by ACRA and IRAS that include cash flow, reviews, budgeting financial statements and more.
Learning bookkeeping and taking a bookkeeping course is an invaluable addition to any founder, or anyone wanting to understand and add insight to the financial side of the business. It certainly makes keeping your books much easier.
For an entry-level bookkeeping position, some employers only require you to have a high school diploma, but most employers also expect some type of work experience. This means that learning how to use accounting software, taking some online bookkeeping courses, and even getting certified as a bookkeeper can help your career.
This becomes important when looking at when to apply certain depreciation methods, including straight-line or accelerated. Other key areas of focus, laid out by the SFRS are real estate valuation, inventory valuation and deferred taxes.
Spring College International offers two courses: The LCCI Level 1 Certificate in Bookkeeping and the LCCI Level 2 Diploma in Bookkeeping and Accounting. They give the opportunity to develop the ability to maintain books to a high standard. Everything from a foundation in bookkeeping and accounting practices and the accounts for sole traders and companies is covered.
If you are looking to supplement and add value to your bookkeeping course, the QuickBooks Online offering helps you manage your work, your clients and your practice, all from an easy to use interface. You can learn more, study and take the two-part exam here.
Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.
After having successfully completed the LCCI level 1, the next level is LCCI level 2. This level gives you good knowledge and solid understanding of accounting. LCCI level 2 computerized bookkeeping, is usually dedicated towards teaching double entry bookkeeping in accordance with international accounting standards in an accounting environment. It teaches the students to maintain final records and assist in preparing accounts.
After successfully completion of the entire course the students shall be able to perform the aforementioned functions with full caliber. Level 2 not only teaches students but also prepares the students for level3. The level 2 covers a broader area of study as compared to level1 by means of which the educational horizons of the students rise incredibly.
With advancements in technology all around the globe, the accounting world has also seen some eye swooping advancements as well. The tedious task of recording daily transactions by means of manual efforts has been gradually replaced by LCCI Computerized bookkeeping course.
a) Demonstrate accuracy and orderliness to present accounting information
b) Process different types of transactions, sales, purchases and nominal ledgers
c) Process a variety of accounting journals using the double entry concept
d) Carry out reconciliation of banking records
e) Prepare ledger accounts and management information
f) Understand the need for data security
Courses---Please Select Course---Accounting For Non-Finance ProfessionalsBookkeeping FundamentalsCorporate Tax TrainingLCCILCCI L1LCCI L2LCCI L2 BKPLCCI L2 BCLCCI L2 CALCCI L3 ABCLCCI L3 ACCLCCI L3 CMAMyob/ Abss TrainingQuickbooks (Cloud) TrainingXero AccountingWSQ Accounting For Non-finance Managers CourseWSQ Fundamentals of Bookkeeping and Accounting CourseWSQ QuickBooks Training For Professionals Course
The Hong Kong Management Association is organizing a part-time preparatory course for the LCCI Bookkeeping and Accounting Examinations. Participants are required to take an internal examination for each subject at the end of the course. Those who pass the internal examination will be awarded a single subject certificate by the HKMA.
Private candidates who wish to register for LCCI examinations should make registration to Pearson LCCI HK office within a specified registration period. Entry Form can also be downloaded from the LCCI website ( -kong/)
This course is designed to prepare participants for the LCCI Level 1 Certificate in Bookkeeping Examination. The examination is suitable for candidates who work or wish to work in areas of business that will involve the maintaining of business records, using books of original entry, double-entry bookkeeping and the recording of financial transactions.
This course is designed to prepare participants for the LCCI Level 2 Certificate in Bookkeeping & Accounting examination. The examination is suitable for candidates who are working, or are preparing to work in an accounting environment maintaining financial records and preparing accounts.
This course is designed to prepare participants for the LCCI Level 3 Certificate in Accounting examination. This examination is suitable for candidates who work or wish to work in an advanced area of accountancy.
MBA (International Business)
Reg.252208* (18 months)
University of Greenwich, UKAdmission is on a competitive and individual basis entirely at the discretion of the respective universities. Admission criteria and procedures are set by them and are subject to change without prior notice. The Association does not give any warranty and will not accept any liability regarding the above. It is a matter of discretion for individual employers to recognize any qualification to which these courses may lead.
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