Bookkeeping & Accounts Levels 1 & 2 – CITY & GUILDS UK

Duration:

• Level 1 & 2: Flexible mode*

* Normally 30 hours per level. The College arranges courses to meet the demand of each candidate.

We also offer a combined Level 1 & 2 fast track course for a substantially discounted price. Please call us if you would like to discuss this option.

What are the entry requirements?

• Level 1: Good numeracy skills
• Level 2: Candidates are required to successfully complete Level 1 before proceeding to Level 2

When can I commence study?

• Any time in the year (both levels)

How is the course assessed?

• By external examination through the City & Guilds Qualification, UK

The course is provided in two parts:

Level 1

Introduces you to processing documents using double entry bookkeeping, preparing statements as preliminaries to financial control and displaying information about businesses’ financial states. Topics include:

• Introduction – Accounting System
• Double Entry Principles
• Record the early transactions of a business
• Accounting for VAT and discounts
• Day books, Subsidiary ledgers, Main ledger
• Complete cash book payments & receipts
• Posting to accounts

• Prepare ledger balances & extract a trial balance
• Complete petty cash book
• Balance the cash book and reconcile a bank statement

Level 2

Covers areas such as preparing control statements, checking and correcting accounting records and displaying comprehensive financial information. Topics include:

• Check and correct errors from inaccurate/incomplete/missing entries
• Journal /suspense account
• Provide for depreciation of fixed assets using ledger accounts
• Account for accruals, prepayments, bad debts and provide for doubtful debts
• Prepare individual accounts in sales/purchases ledgers
• Prepare Purchases/Sales Ledger control accounts
• Accounting for Capital & Revenue expenditure
• Complete an Extended Trial Balance

MODES OF STUDY:

Part-Time, Evenings, Weekends and Day Release.