Level 1 Award in Bookkeeping
This Level 1 qualification introduces the role of a bookkeeper and the underpinning knowledge to identify and carry out simple different bookkeeping activities, such as income and expenditure, profit and loss, and assets and liabilities. It also offers an introduction into the role, and the benefits and risks associated with bookkeeping software.
There is no need for any prior accounting or bookkeeping knowledge. It provides a solid grounding for students before moving on to the Level 2 qualifications.
Learning outcomes
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Students will learn how to identify a range of bookkeeping transactions including income, expenses, and profit and loss, as well as gaining an understanding of the benefits and risks associated with bookkeeping software and the importance of ethical behavior.
Percentage contribution of this unit to the overall qualification grade: 100%.
- Understand the role of the bookkeeper.
- Understand financial transactions.
- Process customer and supplier transactions.
- Process receipts and payments.
- Understand the benefits and risks of using accounting software to complete bookkeeping tasks.