Recording Financial Information (SQA HN Unit F7JV 34)

Recording Financial Information (SQA HN Unit F7JV 34)

North East Scotland College
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Description

This Unit is designed to enable candidates to develop their manual book-keeping skills. It will give them the knowledge needed to record financial information, using a double entry book-keeping system, up to trial balance. The Unit will also enable candidates to complete a VAT Return and incorporate control mechanisms into the book-keeping system.

This Unit is primarily intended for candidates who expect to take up a career or further study in accounting and/or financial administration. It is also relevant to those with appropriate work experience and who wish to formalise their book-keeping skills.

On completion of the Unit the candidate should be able to:

  • Record financial transactions in …

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This Unit is designed to enable candidates to develop their manual book-keeping skills. It will give them the knowledge needed to record financial information, using a double entry book-keeping system, up to trial balance. The Unit will also enable candidates to complete a VAT Return and incorporate control mechanisms into the book-keeping system.

This Unit is primarily intended for candidates who expect to take up a career or further study in accounting and/or financial administration. It is also relevant to those with appropriate work experience and who wish to formalise their book-keeping skills.

On completion of the Unit the candidate should be able to:

  • Record financial transactions in books of original entry
  • Record financial transactions in a double entry book-keeping system and extract a trial balance
  • Complete a VAT Return
  • Incorporate control mechanisms into a book-keeping system

Credit points and level: 1 HN credit at SCQF level 7: (8 SCQF credit points at SCQF level 7)

For further information on this course, please visit the SQA website.

HOW WILL I BE ASSESSED?

This Unit is assessed by four separate assessments.

In order to complete this Unit successfully, you will be required to achieve a satisfactory level of performance in all assessed work.

ENTRY REQUIREMENTS

Candidates would normally be expected to be competent in numeracy and communication at SCQF level 5 or have similar qualifications or experience.

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