Suitable for learners wanting an introduction to the process of keeping double entry records, preparing reconciliations and a trial balance
The qualification is made up of:
1 – Online Knowledge Test
2 – Online Assignments
Level 1 Award in Bookkeeping (QCF)Awarded by International Association of Bookkeepers
This qualification is made up of the following units:
Introduction to bookkeeping – T/508/5857
- Understand the basics of double entry bookkeeping
- Understand bookkeeping terms
- Recognise source documents and understand their purpose
- Understand the basics of VAT
- Understand the purpose of the trial balance and petty cash and bank reconciliations
Keep double entry records and prepare a trial balance – A/508/5858
- Use the journal
- Record transactions in a double entry bookkeeping system
- Prepare a trial balance
Prepare reconciliations – F/508/5859
- Reconcile the petty cash balance
- Prepare a bank reconciliation statement
Who is this course for?
The Level 1 Award in Bookkeeping qualification is specifically aimed at leaners who wish to begin their studies of bookkeeping and gain entry to a Level 1 qualification within the RQF.
The qualification has been designed to appeal to individuals within the following groups:
- Learners starting their studies in the subject of bookkeeping from a point of no previous knowledge or experience.
- Learners employed at a junior level with some limited basic bookkeeping knowledge and skills, who want to formalise their competence by gaining a recognised accredited qualification in bookkeeping.
- Learners returning to study and/or work after a study or career break.
- Learners considering a change in career.
- Learners considering a career as a self-employed practitioner.
- Owners of a small business wanting an introduction to the function of bookkeeping with a view of keeping financial records for their business.
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