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Bookkeeping and Accounts (City & Guilds Level 1) - Part-time

Business Accounts03

Course outline

At the end of the course you should be able to do the following at level 1:

  • Documentation: Complete and check the following documentation: invoices; statements; credit notes; cheques; cash requisition vouchers. Check invoices and credit notes calculating: (sales) tax; trade discount; settlement (cash) discount; prices and price extension.
  • Day books and ledgers: Enter invoices and credit notes into the appropriate daybook: sales day book; purchases day book; sales returns day book; purchases returns day book. Transfer the total(s) of the day book(s) to the respective ledger account(s): sales; purchases; (sales) tax; sales returns; purchases returns. Post individual transactions from the day books to personal ledger accounts. Record cash book (two and three column) transactions and credit transactions using double entry book-keeping.
  • Bank reconciliations: Update a cash book from details appearing on a bank statement and recalculate the closing balance. Prepare a bank reconciliation statement taking account of: unpresented cheques; returned cheques; outstanding lodgements; direct debits; standing orders; direct credits; other direct payment methods.
  • Petty Cash: Using the imprest system, enter the opening balance and analyse petty cash vouchers to appropriate analysis columns, balance and cross tally, transferring the totals to ledger accounts as appropriate and restoring the imprest amount.
  • Initial trial balance: Balance ledger accounts including the cash and bank accounts and bring down the balances to the following accounting period. Extract the trial balance from the ledger and cash book.

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Location Date / time Fees / reductions

Location:

The Lace Market
Nottingham
NG1 1NG

Date / time:

Start: 5th February 2020

End: 24th June 2020

Time: 6:00 PM - 7:45 PM

Day: Wednesday

Fees / reductions:

Tuition fee: £325

No fee reductions available. All students pay the same fee.

Course code: C000379 / Q002181

Qualification

City & Guilds Bookkeeping and Accounts Level 1

Duration

17 weeks

Level Level 1
Entry requirements

No formal entry requirements are needed, but students should have a reasonable level of numeracy and a mature approach to study.

Assessment

There is one examination paper lasting 90 minutes plus 10 minutes reading time. The examination consists of a number of practical tasks, all of which should be attempted but the order in which they are undertaken will not be specified. All areas of the syllabus will be tested on every paper and questions will follow a standard format, although details will vary on each paper.

Progression

Bookkeeping and Accounts (City & Guilds Level 2).

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