Course Name: Bookkeeping Manual and Computerised 6N4865
The purpose of this award is to equip the learner with the knowledge, skills and competence in the principles and practice of manual and computerised (Sage) Bookkeeping to enable learners to complete bookkeeping accounts and reports in a range of vocational environments.
It is suitable for:
Self-employed business owners who have an understanding of bookkeeping principles and a working knowledge of Sage (or another computerised bookkeeping package) who would like to gain a better understanding of their business performance for improved decision making.
Individuals already working in an accounts department of an organisation with an understanding of bookkeeping principles and a working knowledge of Sage (or another computerised bookkeeping package) who would like to learn more about bookkeeping and understand the bigger picture with a view to changing roles or promotion.
Anyone with an interest in pursuing accountancy as a career who has a knowledge of the principles of Bookkeeping and Sage but would like to test the waters before making a bigger commitment.
Anyone who has successfully completed the course ‘Book-keeping Manual and Computerised 5N1354’ or equivalent.
Learners will be able to:
1. Appraise a bank current account statement to include the reconciliation of any differences between the statement and own records
2. Extract specific information from a range of reports including debt control from aged debtors and aged creditors reports
3. Assess key performance indicators to include net profit, cost margins, cash flow, debt control and performance based on actual versus budgeted figures
4. Set up a range of variables on a computerised bookkeeping system to include customers, suppliers, products, nominal recurring transactions, bank transactions, budget figures and VAT using appropriate rates including resale and non- resale rates
5. Post nominal recurring transactions and bank transactions on a computerised bookkeeping system and opening balances and foreign currency transactions in appropriate books and accounts
6. Correct a range of errors not revealed by the Trial Balance, to include errors of principle, errors of prime entry, errors of omission, errors of commission, compensating errors and complete reversal of entries
7. Amend a source document entry, where appropriate, in the relevant ledger using the computerised system and a receipt payment, which has been reconciled previously in error
8. Revise customer or supplier contact details, nominal ledger account details, product price lists and own records with data extracted from a bank statement
9. Complete a bank reconciliation and a reconciliation of sales and purchases ledgers to the control accounts
10. Create a provision for accruals and prepayments
11. Issue monthly statements from the sales ledger
12. Extract data from relevant source documents in order to complete appropriate books of prime entry, using manual and computerised bookkeeping systems to include purchases, sales, receipts, payments and petty cash books
13. Complete accounts receivable, accounts payable and nominal ledger accounts to include end-of-period tasks
14. Produce a set of final accounts to include Trading, Profit and Loss account and Balance Sheet on a computerised bookkeeping system
15. Complete a VAT return form for submission to the Revenue Commissioners
16. Produce a range of reports from ledgers and other sources to include VAT and departmental analysis.
8 Process all tasks as per the manual ones using an accounts package, comparing manual and computerised results
9 Analyse tasks completed making appropriate corrections to any errors and editing of data as directed
10 Print a selection of reports after backing up computerised data on a suitable medium.
An understanding of Bookkeeping principles and a working knowledge of Sage or similar computerised bookkeeping package.
Catherine Silke is a Business graduate from the University of Limerick and a qualified Chartered Accountant. She has also completed a Professional Diploma in Further Education in NUIG. As a teacher her main goal is to help learners to achieve the programme learning aims and outcomes. She will ensure a diligent and conscientious approach to the preparation of relevant and appropriate lesson material that is pitched at a level suitable for the learners. However, she is mindful that many adult learners are lifelong participants and flourish in a social learning setting where participation and interaction with other learners is essential for motivation and achievement. Creating an environment that promotes these goals and adopting teaching methods and strategies that encourage contributions and relationship building will facilitate this end.
Gretb email address: Catherine.email@example.com
Materials needed: pen, paper, calculator & folder with dividers
Every FET certificate and component specification includes an FET credit value. FET credit is quantified in multiples of 5 FET credits (up to 50 hours of learner effort). Learner effort is based on the time taken by typical learners at the level of the award to achieve the learning outcomes for the award. It includes all learning time involved including: guided learning hours, self-directed learning and assessment.
Project support is available to students from their tutor.