The course aims to provide learners with advanced techniques to make accounting adjustments, prepare financial statements and management reports.
The course outline comprises of :
- Learners who have completed IAB Level 2 Award in Computerized Bookkeeping.
- Those who are willing to peruse their career in accounting.
- Small business owners who are willing to maintain accounts by optimizing accounting software.
This qualification is made up of the following units:
Principles of advanced computerised accounting -J/508/5846
- Understand the purpose of accounting concepts and standards, and recognise the qualitative characteristics of financial information
- Understand the basics of computerised accounting
- Understand terms used in accounting
- Understand the purpose of VAT Accounts and the VAT return
- Understand the process of accounting for a 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 the purpose of a trial balance and a suspense account
- Understand the purpose of financial statements
- Understand the principles of accounting for partnerships
- Understand the purposes of budgeting
Set up a computerised accounting system and process data – Y/508/5849
- Use a computerised accounting package – D/508/6629
- Set up a computerised accounting system
- Enter business transactions
- Prepare and post journal entries
- Account for a stock valuation
- Account for fixed assets
- Account for prepayments and accruals
- Account for bad and doubtful debts
- Make end of period adjustments
- Amend the chart of accounts and generate reports