Level 3 Certificate in Computerised Accounting for Business
Description
The Level 3 Certificate in Computerised Accounting for Business involves advanced bookkeeping routines and activities using a double entry bookkeeping system, including financial statements for a sole trader, partnership or not for profit organisation and use of the Sage accounting program to process management information.
Target audience
This qualification would be useful for those who have a working knowledge of accounts or figure work and have an awareness of Sage computerised accounting packages, but would like to expand their knowledge into management accounts.
Exam/assessment?
This qualification is studied on a distance learning basis and then assessed by use of on-line knowledge …
Frequently asked questions
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The Level 3 Certificate in Computerised Accounting for Business involves advanced bookkeeping routines and activities using a double entry bookkeeping system, including financial statements for a sole trader, partnership or not for profit organisation and use of the Sage accounting program to process management information.
Target audience
This qualification would be useful for those who have a working knowledge of accounts or figure work and have an awareness of Sage computerised accounting packages, but would like to expand their knowledge into management accounts.
Exam/assessment?
This qualification is studied on a distance learning basis and then assessed by use of on-line knowledge tests and skills assignments that create a portfolio of evidence that is assessed by us and then sent to the IAB for verification and certification.
Course summary
- Understand the use of generally accepted accounting concepts and financial statements.
- Understand the principles of double entry bookkeeping.
- Understand the purpose and use of stock valuation.
- Understand the process of accounting for fixed assets.
- Understand the process of accounting for prepayments and accruals.
- Understand the process of accounting for bad and doubtful debts.
- Understand terminology relating to not for profit organisations.
- Understand the purpose of a receipts and payments account.
- Understand the function of financial statements prepared for a not for profit organisation.
- Understand single entry bookkeeping.
- Understand the process of constructing ledger accounts from incomplete records.
- Understand the partnership structure as a form of business entity.
- Understand the legislation relating to partnerships.
- Understand specific accounts used in partnership accounting.
- Understand the procedures necessary to account for the changes in the structure of a partnership.
- Understand the form and function of the trial balance.
- Understand the purpose of the suspense account.
- Understand the form and function of financial statements.
- Understand the form and function of the extended trial balance.
- Understand current VAT regulations.
- Understand how the external environment impacts on how an organisation manages cash assets.
- Be able to make informed decisions regarding the management and efficient use of cash balances and management of cash balances within an organisation.
- Understand a range of accounting and other business techniques used to improve the efficiency of cash management procedures within an organisation.
- Prepare forecasts of income and expenditure for a given accounting period.
- Use forecasts to monitor cash flow within the organisation.
- Use cash balances effectively.
- Complete, process and submit VAT information accurately.
- Communicate VAT information.
- Access, enter and edit accounting information using computerised accounting software.
- Process business transactions from source documents using computerised accounting software.
- Develop and interpret management information reports from computerised accounting software.
- Set up a computerised accounting system ready for use.
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