Anne Colgan
The course is great fun - whether it’s for a career or just to enjoy. Most people are nervous when you meet a bunch of new people, but everyone was there to learn and have fun!
Entry Requirements
Students will have completed the Level 2 Certificate in Bookkeeping.
Details
The Level 3 qualification comprises the following units:
- Financial Accounting: Preparing Financial Statements
- Tax Processes for Business
Classroom based teaching and computer suites for practice accounting sessions. Sessions are delivered by highly qualified industry accountants
Financial Accounting: Preparing Financial Statements
This unit provides students with the skills required to produce statements of profit or loss and statements for financial position for sole traders and partnerships, using a trial balance. Students will gain the double-entry bookkeeping skills needed to record financial transactions into an organisation's accounts using a manual bookkeeping system.
- Understand the accounting principles underlaying final accounts preparation.
- Understand the principles of advanced double-entry bookkeeping.
- Implement procedures for the acquisition and disposal of non-current assets.
- Prepare and record depreciation calculations.
- Record period end adjustments.
- Produce and extend the trial balance.
- Produce financial statements for sole traders and partnerships.
- Interpret financial statements using profitability ratios.
- Prepare accounting records from incomplete information
Tax Processes for Business
This unit explores tax processes that influence the daily operations of businesses and is designed to develop students' skills in understanding, preparing and submitting Value Added Tax (VAT) returns to HM Revenue & Customs. The unit provides students with the knowledge and skills needed to keep businesses, employers and clients compliant with laws and practices that apply to VAT and payroll.
- Understand legislation requirements relating to VAT.
- Calculate VAT.
- Review and verify VAT returns.
- Understand principals of payroll.
- Report information within the organisation
Both units are assessed by an online exam. Both units must be passed to achieve the full level 3 Certificate in Bookkeeping.
Progression
Once you have completed the course you can apply to become an AAT bookkeeping member (AATQB), and if you're thinking of starting your own practice, you'll be able to apply to become an AAT Licensed Bookkeeper.
Possible careers with this range of skills would include:
- Professional bookkeeper
- Senior bookkeeper
- Accounts manager
- Self-employed bookkeeper
