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Book-keeping and Accounts - QCF (No. 8991 )

QCF credits : 3, 4, 8



These qualifications are available at levels 1-3, and evaluate learners' abilities to produce accounts for businesses. They are suitable for anyone looking for a qualification as the starting point for a career in book-keeping and accounts.

Areas covered at Level 1 include

 

   the completion of financial documents such as invoices and credit notes
   the recording of cash and credit transactions in books of original entry
   preparing bank reconciliation
   understanding the petty cash imprest systems and trial balances.


Areas covered at Level 2 include:

 

   preparing ledger accounts and control accounts
   correcting errors in business accounts such as identifying errors in ledger accounts
   understanding capital and revenue expenditure
   depreciation
   end of year adjustments
   trial balance.

 

Areas covered at Level 3 include:

Prepare financial information for:


   sole traders
   partnerships
   limited liability companies
   not-for-profit organisations
   manufacturing accounts


 

The financial information will include balance sheets, profit and loss accounts and period end adjustments. 

 

Please note these qualifications replace the current Level 1 and 2 Certificates in Book-keeping and Accounts (8953) and are available for centres to run from 1 September 2008.



 

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