Level 2 Certificate in Bookkeeping
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Features
Guided Learning Hours
2 days course
Total Qualification Time
2 days course
Skill Level
Basic
Students studying this qualification will develop practical accountancy skills in the double-entry bookkeeping system and in using associated documents and processes while gaining an understanding that digital accounting systems are automating some of the stages in the process.
Students will cover transactions for accuracy, make entries in appropriate books and ledgers and calculate sales invoices and credit notes.
This unit provides students with an understanding of manual and digital bookkeeping systems, including the associated documents and processes. Students will learn the basic principles that underpin the double-entry bookkeeping systems.
Percentage contribution of this unit to the overall qualification grade: 50%.
- Understand how to set up bookkeeping systems.
- Process customer transactions.
- Process supplier transactions.
- Process receipts and payments.
- Process transactions into the ledger accounts.
This unit builds on the knowledge and skills acquired from studying Introduction to Bookkeeping and explores control accounts, journals and reconciliations. Students will develop the ability to prepare the value added tax (VAT) control accounts as well as the receivables and payables ledger accounts. They will use the journal to record a variety of transactions, including the correction errors. Students will be able to redraft the initial trial balance, following adjustments.
Percentage contribution of this unit to the overall qualification grade: 50%.
- Use control accounts.
- Reconcile a bank statement with the cash book.
- Use the journal.
- Produce trial balances.
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Level 2 Certificate in Bookkeeping