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Level 2 Foundation Certificate in Bookkeeping - Part Time

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Start date

September 2019

Course Description

This is a beginner’s course for individuals who have no current knowledge of double entry bookkeeping skills.

The course will introduce students to the double-entry bookkeeping system, and associated documents and processes. Students will reach the stage of extracting an initial trial balance, before any adjustments are made. The course provides students with the skills necessary to operate a manual double-entry bookkeeping system, and provides a strong foundation for progression to more advanced manual and computerised activities. In addition, students will learn about control accounts, journals and methods of payment. Finally students will exam the reconciliation processes in bookkeeping, the use of the journal and re-drafting the trial balance, following initial adjustments.

Once you have completed the course you can go on to apply the principles learnt on an accounting software course for beginners or continue with manual bookkeeping and accounts on a level 3 course.

The full cost of this course is £365. The course runs for 26 weeks, 3 hours per week, Tuesday 6-9pm.

Qualifications

AAT Level 2 Foundation Certificate in Bookkeeping

Entry Requirements

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).

Details

Bookkeeping transactions

  • Students will learn about financial transactions within a bookkeeping system understanding the purpose of business documents. Distinguish between prompt payment, trade and bulk discounts and understanding of the process of recording financial transactions.
  • Processing customer transactions by calculating invoice and credit note amounts and entering sales invoices and credit notes into books of prime entry.
  • Processing supplier transactions by checking the accuracy of supplier invoices and credit notes and enter supplier invoices and credit notes into books of prime entry.
  • Entering receipts and payments into a two column analysed cash book. Entering receipts and payments into an analysed petty cash book. Total and balance the cash book and petty cash book.
  • Process transactions through the ledgers to the trial balance. Transfer data from the books of prime entry to the ledgers. Total and balance ledger accounts. Extract an initial trial balance.
  • Bookkeeping Controls.
  • Identify the appropriate use of different payment methods and the effect of different payment methods on the bank balance.
  • Identify the purpose of and produce control accounts.
  • Identify the purpose of reconciliation and reconcile control accounts.
  • Identify the purpose of the journal and produce journal entries to record accounting transactions, to correct errors not disclosed by the trial balance and to correct errors disclosed by the trial balance.
  • Redraft the trial balance following adjustments.
  • Reconcile a bank statement with the cash book by locating differences between items on the bank statement and entries in the cash book, use the bank statement to update the cash book and produce a bank reconciliation statement.
  • Both units are assessed by an online exam. Both units must be passed to achieve the full level 2 certificate in bookkeeping.

Work Experience

N/A

Progression

This is an introductory course for beginners but on completion students will be able to undertake duties as a junior bookkeeper. Further study at level 3 would enable students to complete all manual bookkeeping duties including year-end adjustments. It should be noted that most employers would want some experience of using accounting software. Possible careers with this range of skills would include:

  • Bookkeeper.
  • Accounting Assistant.
  • Auditing Clerk.
  • Financial Reporting Clerk.
  • Purchase and/or Sales Ledger Clerk

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