Publications

Nicolas Demetriou, founder of Accounting Lab Institute and Chartered Management Accountant, has drawn on his extensive teaching and professional experience to author three specialized Accounting books, covering all three levels of the LCCI examinations (Levels 1–3).

The 2026 editions are out. Each book builds up gradually from the basics to exam standard, with worked examples at every step. Inside are exam tips, the exam traps that cost marks, exam technique and questions from recent exams. Teachers can use the books in class. A Teacher’s Guide with answers is available for Levels 1 and 2, and the Level 3 book has the answers at the end of each chapter.

The books are in English and are written for every student preparing for LCCI, wherever they take lessons. They are given free to participants of our HRDA seminars.

To order: email nicolas@accountinglab.com.cy, call 7000 8889 or send us a message on Facebook.

Distinction in LCCI Level 1

Certificate in Book Keeping

Distinction in LCCI Level 2

Certificate in Book Keeping and Accounting

Distinction in LCCI Level 3

Certificate in Accounting

Distinction in LCCI Level 1

Certificate in Book Keeping · 2026 edition

For students who have never studied accounting. The book starts with what a business owns and what it owes, and builds one step at a time to a full set of final accounts for a sole trader. Every new term is explained before it’s used.

What it covers:

  • The accounting equation and the Statement of Financial Position
  • Double entry, balancing accounts and the trial balance
  • Source documents, trade and prompt-payment discounts, and the day books
  • The three-column cash book, methods of payment and the petty cash book
  • The Statement of Profit or Loss, with accruals, prepayments, irrecoverable debts and depreciation
  • Capital and revenue expenditure, control accounts, bank reconciliation and accounting concepts

Inside the book:

  • Worked examples that set out the method and the reasoning behind it
  • Quick Checks and Class Activities in every chapter
  • A revision checklist, Show Your Understanding and Examination Practice at the end of each chapter
  • Questions from recent IAB examination series, each referenced to its series and marks
  • A guide to every type of on-screen question in the computer-based exam

For teachers: a Teacher’s Guide with answers.

The 2026 edition follows the current IAB LCCI Level 1 Certificate in Bookkeeping specification. Colour print, 450–500 pages.

Distinction in LCCI Level 2

Certificate in Book Keeping and Accounting · 2026 edition

The book starts with a revision of Level 1 and works up to financial statements for sole traders, partnerships, limited companies and non-profit organisations.

What it covers:

  • Revision of Level 1
  • Control accounts and correction of errors
  • Depreciation and year-end adjustments
  • Incomplete records
  • Manufacturing accounts
  • Financial statements for sole traders, partnerships, limited companies and non-profit organisations
  • Ratio analysis

Inside the book:

  • Every chapter follows the same order: explanation, a fully solved worked example, Show Your Understanding, and end-of-chapter practice questions
  • Questions from LCCI exam papers up to and including June 2026
  • Accounts set out in the format examiners expect
  • Space to write answers in the book

For teachers: a Teacher’s Guide with answers.

The 2026 edition follows the current IAB LCCI Level 2 specification and the computer-based exam. ISBN 978-9925-7730-2-2. Colour print, 450–500 pages.

Distinction in LCCI Level 3

Certificate in Accounting · 2026 edition

For students taking LCCI Level 3, in class or on their own. The book covers the full syllabus in 13 chapters. Each topic is explained step by step, with examples and exercises in the style of the exam.

What it covers:

  • Depreciation and inventory
  • Extended trial balance
  • Partnerships and limited companies
  • Statement of cash flows
  • Consolidation
  • Incomplete records
  • Ratio analysis
  • Marginal costing and break-even
  • Investment appraisal and budgets

Inside the book:

  • Worked examples with every calculation shown line by line
  • Class Activities and Quick Checks in every chapter
  • Exam Focus and Key Point boxes on the mistakes that cost marks
  • Proformas and T-accounts in the format the examiner asks for
  • A glossary of key terms in every chapter
  • Every past-paper question from April 2024 to April 2026, each placed in the chapter it belongs to
  • Full answers at the end of each chapter

Also useful for A-Level and Pancyprian accounting students who want practice on the harder topics.

The IAB LCCI Level 3 Certificate in Accounting carries UCAS Tariff points for entry to UK universities (Distinction: 24 points).

ISBN 978-9925-7730-1-5. Colour print, 450–500 pages.