Mapping table

of
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 BAFS

Examination 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.
 Mapping table
of
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 BAFS

Examination 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.
 Mapping table
of
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 BAFS

Examination 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.