Level 3 Certificate in Bookkeeping (QCF) 601/0731/5

Level 3 Certificate in Bookkeeping (QCF) 601/0731/5

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Description

This qualification is part of the Qualification and Credit Framework (QCF), which became fully operational in September 2010. Qualifications within the framework are made up of units and each unit is given a credit value, where one credit represents 10 hours of learning time. The title of every qualification within the new framework will contain details of the size (award/certificate/diploma), level of difficulty (Entry to level 8) and general content of the qualification. This qualification is competence based, as it is deemed to include all the relevant knowledge and skills for a level 3 bookkeeper.

Learners studying without being attached to an IAB accredited training centre, should cont…

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Didn't find what you were looking for? See also: Bookkeeping, Accounting, Tax Accounting, Business Administration, and Payroll.

This qualification is part of the Qualification and Credit Framework (QCF), which became fully operational in September 2010. Qualifications within the framework are made up of units and each unit is given a credit value, where one credit represents 10 hours of learning time. The title of every qualification within the new framework will contain details of the size (award/certificate/diploma), level of difficulty (Entry to level 8) and general content of the qualification. This qualification is competence based, as it is deemed to include all the relevant knowledge and skills for a level 3 bookkeeper.

Learners studying without being attached to an IAB accredited training centre, should contact the IAB for further information.

Name of Qualification Level 3 Certificate in Bookkeeping (QCF) 601/0731/5 Accreditation Review Date 30/04/2015 Guided Learning Hours (GLH) 153 Accreditation Number 601/0731/5 Level Level 3

To achieve this qualification, all the mandatory units consisting of 28 credits must be achieved. The accreditation number, level and credit value of each unit is as follows:

Mandatory units

Principles of double entry bookkeeping – A/601/0698 (level 3 – 2 credits)

Principles of accounting for not for profit organisations – Y/601/0725 (level 3 – 1 credit)

Fundamentals of incomplete records – A/601/0717 (level 3 – 1 credit)

Fundamentals of bookkeeping and accounting for partnerships – L/601/0723 (level 3 – 1 credit)

Principles of preparing financial statements for sole traders – R/601/0707 (level 3 – 1 credit)

Principles of VAT – A/505/1094 (level 3 – 2 credits)*

Record transactions and make accounting adjustments – M/601/0732 (level 3 – 5 credits)

Prepare financial statements for a sole trader – A/601/0734 (level 3 – 3 credits)

Prepare financial statements for a partnership – Y/601/0742 (level 3 – 3 credits)

Prepare financial statements from incomplete records – A/601/0751 (level 3 – 3 credits)

Prepare financial statements for a not for profit organisation – D/601/0757 (level 3 – 2 credits)

Preparing and completing VAT returns – J/600/4953 (level 3 – 2 credits)

* If already covered in level 2 then no need to take the assessment

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