This course is an introduction to basic bookkeeping leading to a recognised qualification for those considering a career in bookkeeping, or for those who run their own small business. The Level 1 Award in Bookkeeping offers an introductory qualification in manual bookkeeping skills, in particular providing essential skills in single entry bookkeeping. The qualification introduces students to the role of a bookkeeper, how to understand financial documentation and learn single-entry bookkeeping. It will also cover the principles of cash and credit transactions and familiarise students with the use of spreadsheets in finance.
The Level 1 Award in Bookkeeping is suited to students who are interested in an introduction to bookkeeping. This could include those with no prior knowledge of bookkeeping or those who already have some practical knowledge and would like an accredited qualification in the subject.
To achieve this qualification, candidates must achieve the following units
Unit 1: Understanding the role of the bookkeeper The duties and responsibilities of a bookkeeper Confidentiality and privacy Accuracy
Unit 2: Understand financial transactions Buying and selling Bookkeeping terminology Transactions
Unit 3: Process customer and supplier transactions Invoices and credit notes Recording information Outstanding amounts
Unit 4: Process receipts and payments Recording receipts and payments Understanding and using the cash book Checking the cash book
There are no formal entry requirements for this qualification. However an interest in and an understanding of maths and budgeting would be an advantage.
Students should have a basic ability in numeracy and be methodical and accurate in their work. Experience of, or access to, work in an accounting situation would be an advantage
AAT Level 1 Award in Bookkeeping
There are 2 formal external exams and internal unit assignment work. Mock exams and homework are organised to prepare candidates for this.
Lecturers will set homework exercises to be completed outside of class time and reviewed the following week. Students may wish to undertake self-study outside of classroom hours. Approximately 3 hours a week is advised.
Students do not need to be in relevant work to undertake this course. Although knowledge of budgeting or business accounting systems would be an advantage.
The Level 1 Award naturally progresses candidates to the Book Keeping Level 2 Award. Students may wish to discuss studying Accounting at Level 2 with the AAT, or undertaking some further computerised study. Students may also use this qualification as a route to employment or to become self employed.
Fees and Additional Costs
In addition to the tuition fee, students will need to pay for the examination fee for the course upon enrolment, students will also need to register as a member of AAT. There is no set text for the course, however, it is recommended that students buy their own copy of the book used by the lecturer. This will be discussed at the first lesson.