Course Overview
Learners who complete the qualification successfully will have a comprehensive range of knowledge and skills and will be able to carry out period end book-keeping routines and also perform tasks of a complex nature that fall within the function of computerised bookkeeping and accounting. They will be able to::•Understand the purpose of accounting concepts and standards, and recognise the qualitative characteristics of financial information•Understand the basics of computerised accounting•Understand terms used in accounting•Understand the purpose of VAT accounts and the VAT return•Understand the process of accounting for a stock valuation•Understand the process of accounting for fixed assets •Understand the process of accounting for prepayments and accruals •Understand the process of accounting for bad and doubtful debts•Understand the purpose of a trial balance and a suspense account•Understand the purpose of financial statements•Understand the principles of accounting for partnerships•Understand the purposes of budgeting•Set up a computerised accounting system•Enter business transactions•Prepare and post journal entries•Account for a stock valuation•Account for fixed assets•Account for prepayments and accruals•Account for bad and doubtful debts•Make end of period adjustments•Amend the chart of accounts and generate reports.The qualification is assessed by means of a Knowledge Test and an Examination.