Book-keeping and Accounts

Book-keeping and Accounts – QCF (No. 8991 )
QCF credits : 3, 4, 8
These qualifications are available at levels 1-3, and evaluate learners’ abilities to produce accounts for businesses. They are suitable for anyone looking for a qualification as the starting point for a career in book-keeping and accounts.

Areas covered at Level 1 include:

the completion of financial documents such as invoices and credit notes
the recording of cash and credit transactions in books of original entry
preparing bank reconciliation
understanding the petty cash imprest systems and trial balances.

Areas covered at Level 2 include:

preparing ledger accounts and control accounts
correcting errors in business accounts such as identifying errors in ledger accounts
understanding capital and revenue expenditure
depreciation
end of year adjustments
trial balance.

Areas covered at Level 3 include:
Prepare financial information for:

sole traders
partnerships
limited liability companies
not-for-profit organisations
manufacturing accounts.

The financial information will include balance sheets, profit and loss accounts and period end adjustments.