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Accounting (Fundamental) (Certificate, Level 6, 30 Credits)


The primary aim of the Certificate in Fundamental Accounting is to introduce bookkeeping and management accounting to those starting their own business or those working in a small or medium business. Those who complete the Certificate in Fundamental Accounting will be eligible to apply for an exemption from Professional Accountancy Examinations and may enter the Bachelor of Arts (Hons) in Accounting under LIT’s transfer progression policies.

Entry Requirements

QQI Level 5 award, Leaving Certificate or equivalent qualification, and/or relevant life and work experience. Mature students (23 years of age on 1st January preceding application) can apply.


Semester 1

Fundamentals of Accounting

• Introduction to Accounting
• Accounting Procedures and Systems
• Preparation of Financial Statements
• Emerging Issues

Semester 2

Accounting for Management Control

• Introduction
• Cost and Revenue classification. Nature and purpose of classification
• Materials: Cost and Control
• Labour: Cost and Control
• Overheads: Costs and Control
• Product/Job, Batch, Process and Service Costing
• Marginal and Absorption Costing and CVPanalysis
• Budgetary Control and Reporting
• Standard Costing and Variance Analysis
• Emerging Issues


Each module will be assessed by continuous assessment worth 20% throughout the semester and by a written exam, worth 80%, at the end of the relevant semester.


Certificate in Accounting (Fundamental) (Level 6, 30 Credits)

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