- Instructor: admin
- Duration: 10 weeks
Are you looking for a comprehensive guide to bookkeeping? Perhaps for your own business or for a friend or family member? Then this is the ideal course for you. You will gain a thorough understanding of bookkeeping including record keeping, account transactions, double-entry bookkeeping and the calculation of VAT.
Bookkeeping Level 1 & Level 2
Course code: RETR03
Delivery method: Paper based pack
Course duration: 12 Months
Entry requirements: No prior qualification needed
Award achieved:Absorb Completion Certificate
Are you looking for a comprehensive guide to bookkeeping? Perhaps for your own business or for a friend or family memberâ€™s? Then this is the ideal course for you.
You will gain a thorough understanding of bookkeeping, including record keeping, account transactions, double entry bookkeeping and the calculation of VAT. You will also learn about day books, cash books, corrections of errors and account reconciliation as well as preparing end of year ledgers.
By the end of this course, you will have a good knowledge of basic bookkeeping and be able to confidently manage your books.
Bookkeeping Level 1 & level 2 course overview
Upon successful completion of the course, you will have achieved an Absorb completion certificate.
- You will learn all aspects of bookkeeping.
- You will work real world examples to gain confidence.
- You will understand double entry bookkeeping as well as managing ledgers and the accountancy year.
- By the end of the course, you will be able to actively look after the books.
Level 1 is divided into 7 units and Level 2 is divided into 6 units:
Unit 1: An intro to record keeping
Module 1: Accuracy of financial records
Module 2: The layout of bank accounts and entries
Module 3: Balancing the account
Unit 2: Further bank account transaction
Module 1: Types of income and expenditure
Module 2: The bank account analysed
Unit 3: Double entry bookkeeping â€“ cash
Module 1: Basic double entry accounts
Module 2: Further account balancing
Module 3: The trial balance
Module 4: The cash account
Module 5: The capital account
Module 6: Payroll transactions
Unit 4: Double entry bookkeeping credit
Module 1: Credit transactions
Module 2: Accounts for suppliers and customers
Module 3: Splitting the ledger
Module 4: Entering credit transactions
Unit 5: The calculation of VAT
Module 1: The concept of VAT
Module 2: VAT calculation
Module 3: The production of business documents
Module 4: Dealing with trade and cash discounts
Unit 6: The posting of VAT transactions
Module 1: The posting of cash and credit items
Module 2: VAT output and input accounts
Module 3: The single VAT account
Module 4: How to calculate VAT
Unit 7: Day books
Module 1: What are day books?
Module 2: Asking entries
Module 3: Posting day book entries
Unit 1: Cash books
Module 1: Two column cash books
Module 2: Revision of discounts
Module 3: Three column cash book
Module 4: The petty cash book
Unit 2: Correction of errors
Module 1: Types of errors
Module 2: Correcting the ledgers
Module 3: The suspense account
Unit 3: Reconciling the accounts
Module 1: Bank reconciliation
Module 2: Control Accounts
Module 3: VAT Return
Unit 4: Introduction of final accounts of a sole trader
Module 1: The nature of profit
Module 2: Calculating gross and net profit
Module 3: The trading, the profit and loss account
Module 4: The balance sheet
Unit 5: Adjustment to final accounts
Module 1: Accruals and prepayments
Module 2: Depreciation
Module 3: The provision of bad debts
Module 4: Further corrections and adjustments
Unit 6: End of year ledger entries
Module 1: Closing of ledger account
This course has no exams, instead there will be a number of tutor marked assessments (TMAs) to ensure that you have a thorough understanding of the course materials, with the tutor sending comments to guide you through any areas of potential difficulty, as well as a range of self-assessments that are indicators that you understand the materials as you work through them.
These are for your own information and do not need to be shown to your course tutor.
Method of study
Paper based pack
We will send a study pack to you by courier, including your course materials and a study guide to help you through the student process. However, tutor marked assessments are only accepted online, rather than by post.
Our Bookkeeping Level 1 & Level 2 course comes with tutor feedback and support by email for 12 months. They will mark your TMAs and provide valuable guidance through any trickier parts of the course whenever you need it. You will also receive a study guide to help you with all aspects of studying, essay writing and general student skills.
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Go through our secure online ordering process and pay for your course.
How do I get my course?
OnlineIf the course you have bought is delivered online you will receive your login details by 2pm the next working day.
Paper Based If the course you have bought is paper based it will be despatched the next working day. You will receive a tracking email and a text with a 1 hour delivery slot.
What do I do next?
All the information you need to complete your course will be included in your study guide. Once you have your course be it online or paper based you will be good to go!
Everyone at LIMT wishes you the best of luck on your studying journey! We know itâ€™s both rewarding and challenging and ultimately what a difference that qualification will make to your career path and life.