Award in Fundamentals of Book-keeping

€500.00

Location:

Code

BC4-21-23pa

MQF Level

Credits

Duration

60 hours

Schedule

TBC

Time

TBC

Mode of Delivery

50% of sessions delivered online

We are currently gathering expressions of interest for this accredited programme. If you wish to indicate your interest in enrolling, please click on ‘Express Your Interest’. Individuals who submit their interest will be contacted at least two weeks prior to the start of the course. Please note that payment of fees and formal registration will only take place once the programme is scheduled and confirmed to commence.

Description

Target Audience:

This award is aimed at people who do not possess any prior knowledge in accounting and would like to learn book-keeping on a part-time basis, possibly because they are either working in the accounting field full-time or would like to migrate to a job in accounting.

Entry Requirements: MQF Level 3 qualification

Study Programme Description:

This micro credential (unit) is designed for learners to understand what the main purpose of accounting is and learn the basic principles of the double-entry bookkeeping systems.

Learners will learn how to create fiscal invoices and credit notes that are in compliance with the local legislation, using the applicable VAT rate. In addition, learners will develop an understanding of how these various business documents, used by companies, are entered in their respective daybooks. In this unit learners will gain knowledge of how to transfer the totals from the books of prime entry to the general ledger, sales ledger, and purchases ledger.

Through this unit learners will also acquire skills to prepare the first draft of the trial balance following which is the balancing off process of the accounts.

Study Programme Learning Outcomes:

Learning Outcomes

LO1 Analyse the use of accounting in business organisations.

LO2 Explain the purpose of business documentation for accounting purposes.

LO3 Compile the books of prime entry and memorandum ledgers.

LO4 Apply the basic principles of the double-entry bookkeeping system.

LO5 Process business transactions into a double-entry system and balance off the general ledger accounts at period end.

LO6 Extract a preliminary trial balance at period end.

Study Programme Assessment Method:

Assessment may vary between take home assignment or practical assessment

Study Programme Structure

The Award in Fundamentals of Book-Keeping is a one-unit award.

The award is also a micro credential towards the Award in Financial Reporting – Part 1 – BC4-25-23p

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Vocational Components, if applicable‚

The above leaning outcomes all focus and cover core vocational knowledge and skills to start a career in financial accounting. Hands on practice is integrated in the step-by-step teaching method used to meet these learning outcomes and produce accurate and truthful book-keeping.