LCCI Third Level(3003) Series 2 and 4 For Advanced Business Calculations

August 22nd, 2008 Comments off
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The aim of the examination is to test candidate’s ability to solve arithmetical problems associated with the financial aspects of business/commerce.

Syllabus

1.0 The topics of the syllabuses for First Level Commercial Calculations and Second Level Business Calculations

2.0 Simple and Compound interest

Simple interest applied to: bill of exchange, treasury bills and hire purchase transaction.

Compound interest applied to business and financial situations

Present value.

3.0 Stock exchanges: Company shares-par & market values, dividends & yields; Debentures-interest rates & yields; Stocks-interest rates & yield; Unit trusts-bid & offer prices; Commission charges

4.0 Business ownerships: revenue& costs; breakeven analysis; trading & profit and loss accounts, balance sheets and division of profits.

5.0 Profitability & liquidity:

Ratios to assess profitability:-profit percentages, rate of stock turnover, expenses ratios and return on capital invested.

Ratio to assess liquidity:-working capital(current ratio), acid test(liquid capital ratio), borrowing(gearing ratio),average credit granted ratio and average credit taken ratio

6.0 Investment appraisals:-Payback, net present value, average rate of return and internal rate of return.

7.0 Bankruptcy:-assets & liabilities, secured and unsecured creditors & dividend

8.0 Depreciation of Business Assets:-equal installment method and diminishing balance method.

9.0 Index numbers:-price relative & quantity relative, weighted, change of base year

Examination Requirements:

A 3 hour examination. All questions to be answerd

Notes: Graph paper will be provide. Candidates may use programmable or non-programmable calculators provided they give no printout, no word display facilities and are silent and cordless. However, calculators which can be used as data banks may not be used

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Financial Accounting

 
 

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