Basic accounting 1
- Principles and procedures related to processing business transactions, financial documents and payments for customers and suppliers.
- Developing skills in processing ledger transactions and preparing an initial trial balance.
Basic accounting 2
- Maintenance and reconciliation of a cash book by accurately entering receipts and payments, balancing off the book and reconciling with bank statements.
- Knowledge and understanding of the UK banking system and related organisational activities.
- Petty cash transactions and the importance of the Journal as a primary accounting record.
- Maintaining control over debtors and creditors, aided by preparation and use of debtor and creditor control accounts.
- Non-standard bookkeeping transactions and double-entry bookkeeping records.
Working effectively in accounting and finance
- Developing transferable skills and effective working in an accounting environment.
- Teamwork skills and the ability to work independently.
- Demonstrating workplace-ready standards of literacy and numeracy
- Cost recording systems within an organisation and how best to respond to requests for information relating to costs and expenditure.
- Recording and extracting information, and using a costing system to provide information for management.
- Computerised accounting
- Selecting and using computerised accounting or bookkeeping software to input and process data for orders, invoices, receipts and payments.
- Preparing management and period-end reports.
The Core Skills are a group of five skills that are key to learning and working in today's world. Employers have identified these skills as those that are most likely to be needed in any work environment. This does not mean that every job will need people who are proficient in all five Core Skills but it does mean that every job will require some level of ability in some or all of these skills.The five Core Skills are: Communication, Numeracy, Information and Communication Technology, Problem Solving and Working with Others.