LCCI Level 1 IAS: Certificate in Bookkeeping

Start Date: 13 January 2017
Duration: January - April

LCCI Level 1 IAS: Certificate in Bookkeeping




1. January - April (Spring)

2. May - September (Summer)

3. October - March  (Winter)


Assessment Dates:

1. Beginning of June

2. Beginning of November

3. Beginning of April



To enable candidates to develop:

  • An understanding of the basic principles underlying the recording of business transactions.
  • The ability to maintain the books of, and prepare final accounts for, sole traders.



  • The Accounting Equation and the basis of double entry book-keeping.
  • Recording transactions through double-entry.
  • Balancing accounts.
  • Purchases/sales/returns.
  • The ledger: its subdivision.
  • Day books.
  • Bank facilities/methods of payment or receipt of money.
  • Cash book and cash discount.
  • Bank reconciliation.
  • Petty cash book and the imprest system.
  • Trial balance.
  • Adjusting for accruals and prepayments in the final accounts.
  • Depreciation of fixed assets.
  • The entries relating to bad debts.
  • The journal.
  • Capital and revenue expenditure.
  • Errors in the accounts and their correction.
  • Effect of profit (or loss) and drawings upon capital.
  • Trading and Profit and Loss accounts.
  • The Balance Sheet.
  • Control accounts - an introduction.



Candidates are assessed by a 2.5 hour paper-based examination. The examination paper consists of four questions, with at least two questions on key topics as detailed in the syllabus. Candidates must do all four questions.


The answers required will be predominantly of a quantitative nature but candidates will be expected to demonstrate their understanding of the subject at an appropriate level.





LCCI Level 1 IAS: Certificate in Bookkeeping



  • Strovolos/Lakatamia
  • Pera Chorio-Nisou
  • Latsia



In progress. 


Frequently Asked Questions (FAQs):




T: +357 22670778

E:  or

































































  • Antonis Loyides "Studying at KOLARIDES INSTITUTE and succeeding on LCCI Level 3 from the third class of High School determined my academic and professional career onwards."

    Antonis Loyides (FCA)
    Grant Thornton (Cyprus) Ltd
    Zenonas Klerides "Congratutions for the work and successes of the Institute, which is established as one of the strongest brand names in Cyprus. With all my heart I wish you to make it global by using technology."

    Zenonas Klerides,
    Productivity Officer
    Cyprus Productivity Centre
    Maritsa Polycarpou-Ioannou 'Although a citizen of Larnaca I chosen KOLARIDES INSTITUTE for exam success and verified that has the most expert tutors in their field.'

    Maritsa Polycarpou Ioannou,
    Cabin Attendant
    Cyprus Airways Public Ltd
    Demetris Rotis "I’m amazed by your students’ accomplishments. Well done!"

    Demetris Rotis,
    Andreas Neokleous & Co LLC
    Antonis Georgiades "KOLARIDES INSTITUTE is helpful for young people interested to pursue a career in accountancy."

    Antonis Georgiades,
    Cyprus Airways Public Ltd
    Demetra Eleftheriou "A convenient and easy to use website."

    Demetra Eleftheriou,
    Marketing Executive
    Fileminders Ltd
    Nakis Tryfonos "A website of high standards and professionalism."

    Nakis Tryfonos,
    Head - Physical Security Department
    Marfin Laiki Bank
    Georgia Hemonidou “Working with KOLARIDES INSTITUTE for re-branding its well-established name and image was a win-win situation. Together we’ve given a fresh touch to the public image of the brand leaving its identity created over the past 42 years, unaffected. Thank you for the excellen ...
    Ibaa Meibar "Working at KOLARIDES INSTITUTE, I found a combination of professionalism and friendliness. I admire the way teachers treat their students with respect and love and how the management doesn’t spare any effort to fulfill the students needs."

    Ibaa Ghafari Meibar
    Admin ...
    Simon Aynedjian "Your newsletters are state-of-the-art. Congratulations."

    Simon Aynehian,
    General Manager
    Emedia Ltd (member of GAP Vasilopoulos Group)
    Eugenia Herodotou Alexandrou "Great job with your newsletters! Interesting articles and excellent book recommendations. Well done! Keep it up!"

    Eugenia Herodotou Alexandrou,
    Sales & Marketing Manager,
    Energy Intel Services Ltd
    "An excellent newsletter! Representing a holistic approach towards knowledge and personal development."

    Eleftheria Heracleous
    " Great job with your website and newsletter. I like it a lot!"

    Eleonora Krapchetova,

    Pennville Holdings Ltd
    "The KOLARIDES INSTITUTE newsletter has very good articles."

    Stelios Stylianou