The aim of this part-time diploma course is to provide learners with the training and competence needed to be able to join the Bachelor of Engineering program. Thorough the specialised unit design, knowledge, skills and competencies in mathematics and physics, is enhanced. This is meant to raise the student’s knowledge and understanding of the subjects to the required rigorous level.
In addition, the programme will include study-units specific in the various fields of engineering such as electrical engineering, mechanical engineering, material science and programming. This will include extensive hands on approaches.
Apart from acting as foundation year to access the B.Eng., this program has also been designed to provide the learners with engineering training at a highly professional level 5 program. This program can therefore also act as an exit point and provide the learner with the possibility of achieving middle management engineering positions.
Programme Learning Outcomes
At the end of the programme the learner will be able to:
- Understand physics relating to Engineering Technology.
- Use mechanical and electrical engineering principals to perform engineering functions.
- Select the best materials for specific tasks, based on their chemical and physical properties.
- Use mathematical principles to solve engineering problems.
Overall Learning Outcomes
LO1 Record the bookkeeping entries for non-current assets.
LO2 Calculate period end adjustments.
LO3 Carry out accounting procedures at the end of the accounting period as a control mechanism of the double-entry bookkeeping system.
LO4 Process journal entries to record bookkeeping transactions and correction of errors.
LO5 Complete an extended trial balance incorporating adjustments.
LO6 Prepare the final accounts of a sole trader.
Unit Content LO1 Record the bookkeeping entries for non-current assets
- The classification of capital and revenue expenditure.
- The importance of prior authorisation for non-current assets acquisitions.
- The importance of keeping an up-to-date non-current asset register.
- Recording of the acquisitions and disposals of non-current assets in the general ledger.
- The application of the accounting policy to calculate depreciation of non-current assets bought and sold during the year, using: o Straight-line method o Reducing balance method.
- The recording of depreciation in the general ledger.
- The reconciliation of the non-current asset register and the relevant general ledger balances.
LO2 Calculate period end adjustments
- The preparation of period end adjustments:
- Closing inventories.
- Irrecoverable debts and allowance for doubtful debts.
- Depreciation for the year.
- Accruals and prepayments for both income and expenses.
LO3 Carry out accounting procedures at the end of the accounting period as a control mechanism of the double-entry bookkeeping system
- Control accounts.
- Usefulness of control accounts.
- The preparation of the sales ledger and purchases ledger control accounts.
- The preparation of the VAT control account.
- The reconciliation of the totals of the control accounts with their respective ledger accounts.
- Financial period end routines.
- The importance of the verification process of the general ledger by using relevant sources of information and performing reconciliation:
- Physical checks
- Inventory records
- Supplier statements
- Bank statements
- Sales ledger and purchases ledger
- Non-current asset register
- Assuring that transactions are genuine and valid for inclusion in the business entity’s records.
- Bank reconciliations
- The purpose of preparing bank reconciliations.
- Identifying which items can cause differences between the bank statements and the cash book:
- Opening balances
- Bank interest received / paid.
- Bank charges
- Automated receipts / payments
- Timed differences
- The preparation of a bank reconciliation to reconcile the cash book balances with the bank statements.
- Updating of the cash book for any unrecorded and duplicated transactions.
LO4 Process journal entries to record bookkeeping transactions and correction of errors
- The purpose and use of the journal as a book of prime entry.
- The preparation of the journal to record:
- Opening entries. o Irrecoverable debts written off.
- Payroll transactions.
- Correction of errors.
- Identification of the different errors that do not affect the agreement of the total of the trial balance:
- Reversal of entries
- Error of omission
- Error of commission
- Error of principle
- Error of original entry
- Compensating errors o Correction of errors using the journal.
- Identification of the different errors that affect the agreement of the total of the trial balance:
- The use of a suspense account.
- Correcting errors and clearing the suspense account.
LO5 Complete an extended trial balance incorporating adjustments
- The purpose of a fully extended trial balance.
- The preparation of an extended trial balance showing clearly the period end adjustments and correction of error adjustments in their relevant columns.
- Balance off the extended trial balance by calculating the profit and loss figure.
LO6 Prepare the final accounts of a sole trader
- The purpose of the final accounts.
- The nature and structure of the final accounts.
- The preparation of the income statement and the balance sheet of a sole trader for an accounting period from a trial balance.
MCAST MQF Level 4 qualification from the Institute of Engineering and Transport or Institute of ICT or Institute of Applied Sciences
2 A-Level passes and 2 I-Level passes Compulsory A-Levels: Physics, Mathematics (Pure or Applied)
An EASA Part-66 Licence B1.1 or Licence B2