AAT Bookkeeping Award Level 1
This course will provide you with the understanding on why keeping financial information accurate and up to date is important in the workplace.
You will understand the key roles that a bookkeeper undertakes including data entry, checking bank statements, accounts receivable and accounts payable. You will understand how the data they prepare, and reports they produce may be used by management and business owners in making business decisions and the importance of timely and accurate communication.
Students will learn the importance of ethical behaviour including confidentiality and the importance of data protection. Learn the underpinning theory including how to identify assets, liabilities, income, expenses, capital and profit or loss. Learn the differences between trading for cash and trading on credit. Also develop the skills to process customer and supplier transactions, to enter receipts and payments into the cash book and check amounts against the bank statement in preparation for bank reconciliation.
Students will be introduced to the dual effect of transactions. This is a fundamental underpinning concept for double-entry bookkeeping and will support students who go on to study bookkeeping at Level 2.
This course is aimed at;
• those not currently in employment and/or training who are looking to acquire skills to get into the workplace
• current office workers looking to acquire new skills in bookkeeping.
The Level 1 Award in Bookkeeping is designed to give you an introduction to the basics of double-entry bookkeeping.