Level 1
Award in Bookkeeping
The level 1 Award in Bookkeeping offers the opportunity to develop practical bookkeeping skills. This qualification may help students to move on to further study in either accountancy or bookkeeping with the AAT, offer a route into employment or be of interest to those already in employment.
This qualification covers a range of skills and the relevant supporting knowledge and is assessed in one end-of-qualification assessment. Students will develop an understanding of the role of the bookkeeper, including the need to produce timely and accurate work and to follow ethical principles.
You will learn the underpinning theory including how to identify assets, liabilities, income, expenses, capital, profit and loss and the differences between trading for cash and trading on credit. You will develop skills to process customer and supplier transactions, enter receipts and payments, prepare bank reconciliations.
You will learn the role that software can have in bookkeeping and the benefits and risks that different types of software may bring. You will explore the differences between cloud accounting software and traditional accounting software and learn about the importance of software security and the steps that can be taken to keep data secure.
How will I be assessed?
One end of qualification assessment/exam
Entry Requirements
Learners should have a good standard of English, spoken and written and a good standard in maths.