Bookkeeping Level 3 Certificate

Throughout the programme you will explore Financial Accounting: Preparing Financial Statements, and Tax Processes for Businesses

Financial Accounting: Preparing Financial Statements - You will develop the skills required to produce statements of profit or loss and statements of financial position for sole traders and partnerships using a trial balance. You will gain the double-entry bookkeeping skills required to record financial transactions into an organisation's accounts using a manual bookkeeping system. You will learn to take this forward to carry out adjustments, ensuring that the accounts conform to the accruals basis of accounting. You will understand depreciation, where the loss of value of a non-current asset during a period is reflected in the profit figure for that period. In addition, you'll learn to account for allowances for doubtful receivables (where account is taken of the likelihood that not all credit customers will pay in full). These adjustments are regularly carried out by employers to ensure accounts give a more accurate view of both the profitability and the financial stability of the organisation.

Tax Processes for Businesses - Explore tax processes that influence the daily operations of businesses and develop your skills in understanding, preparing, and submitting Value Added Tax (VAT) returns to HM Revenue and Customs (HMRC). You'll be equipped with the knowledge and skills that are needed to keep businesses, employers and clients compliant with laws and practices that apply to VAT and payroll. You will learn about legislation and the importance of maintaining their technical knowledge through monitoring updates.

AAT Level 2 Certificate in Bookkeeping or relevant working experience.

An interest in finance and accountancy and either a Level 2 AAT Certificate in Bookkeeping or relevant experience.

AAT Level 2 Certificate in Bookkeeping

You may wish to transfer to the AAT Level 3 Diploma in Accounting qualification. You may also use this qualification to gain related employment in an introductory accounts role or work as a self-employed bookkeeper.

There is a formal external exam held in the College at the end of the unit. However, prior to this, mock exams and homework will be organised to prepare candidates for the final exam

Lecturers will set exercises to be completed at home and reviewed the following week. You may wish to undertake self-study outside of classroom hours. Approximately three hours a week of non-class work is recommended.

You do not need to be in relevant work to undertake this course although having some knowledge of bookkeeping in a work situation would be an advantage.

In addition to the course fees, there is a qualification fee payable directly to AAT of £94 and exam registration fees of £126, that are payable to the College.