Bookkeeping - Level 1 Award

There is no requirement for an accounting or bookkeeping qualification but students must have as a minimum a level 2 or above Maths qualification (GCSE grade C or 4, Functional Skill or Key skill) and Level 1 English qualification (GCSE grade D or 3, Functional Skill or Key skill).

Award in Bookkeeping is a single unit qualification. The unit introduces students to the role of the bookkeeper and simple bookkeeping techniques. It covers the buying and selling process and the common documents used. The unit also includes recording transactions in the books of prime entry. On completion of this unit, students will be familiar with bookkeeping terminology and will have developed practical bookkeeping skills. Students will learn the difference between assets, liabilities, income and expenses. They will discover that every transaction has a dual effect within the bookkeeping system. While this unit does not include the double-entry bookkeeping system, it will prepare students to learn double-entry bookkeeping skills, either in future studies or at work. Students will be able to prepare customer invoices and credit notes, to check supplier invoices and credit notes and to record these documents in the relevant books of prime entry. Students will be able to calculate amounts owing from customers and to suppliers. Students will be able to use an analysed cash book to record receipts and payments. They will calculate amounts of cash in hand and cash in the bank. They will be able to check the cash book against the bank statement and identify any differences. The qualification is assessed through a single online 90-minute examination.

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Students who successfully complete this qualification would undertake the Level 2 Certificate in Bookkeeping. There are a number of junior bookkeeping roles that can be undertaken in an accounts office once a student has completed the level 2 Certificate in Bookkeeping.