VTCT Skills
Level 3
QN: 601/7538/2
Curriculum Active
VTCT Skills Level 3 Diploma in Computerised Accounting for Business (RQF)
Official qualification regulated by Ofqual, awarded by VTCT Skills. Classified as a Occupational Qualification. Total guided learning hours: 302 hours.
Qualification Level
Level 3
Awarding Body
VTCT Skills
Syllabus Units
10 Units
Guided Hours
302 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Accounting for not for profit organisations
Verified
Key Learning Objectives:
- Understand terminology relating to not for profit organisations
- Understand the purpose of a receipts and payments account
- Understand the function of financial statements prepared for a not for profit organisation
2
Cash Flow Management
Verified
Key Learning Objectives:
- Be able to demonstrate cash flow forecasting
- Be able to use forecasts to monitor cash flow within the organisation
- Be able to manage cash balances effectively
- Understand how the external environment impacts on how an organisation manages cash assets
- Be able to make informed decisions regarding the management of cash balances within an organisation
- Understand a range of business techniques used to improve the efficiency of cash management procedures within an organisation
3
Introduction to a cost recording system within an organisation
Verified
Key Learning Objectives:
- Understand the cost recording system within an organisation
- Recognise the components of a cost recording system and how they operate
- Record and analyse cost information
- Be able to prepare a management report on deviations from a budget
- Be able to use information gathered from costing systems to assist decision-making
4
Prepare and complete a VAT return
Verified
Key Learning Objectives:
- Understand VAT requirements of an organisation
- Understand inputs and outputs in relation to VAT
- Understand the requirements, frequency and penalties relating to VAT schemes
- Be able to complete a VAT return
- Understand the implications of VAT payments and legislation for the organisation
5
Principles of accounting concepts
Verified
Key Learning Objectives:
- Understand the accounting concepts and the qualitative characteristics used in the preparation and presentation of financial statements
- Understand the principles of double entry bookkeeping
- Understand the purpose and use of stock valuation
- Understand the process of accounting for fixed assets
- Understand the process of accounting for prepayments and accruals
- Understand the process of accounting for bad and doubtful debts
6
Principles of partnership accounting
Verified
Key Learning Objectives:
- Understand the partnership structure as a form of business entity
- Understand the legislation relating to partnerships
- Understand how different accounts are used in partnership accounting
- Understand the procedures applied when changes occur in the structure of a partnership
7
Principles of preparing basic financial statements
Verified
Key Learning Objectives:
- Understand the form and function of the trial balance
- Understand the purpose of the suspense account
- Understand the form and function of financial statements
- Understand the form and function of the extended trial balance
- Understand the calculation and interpretation of accounting ratios
8
Responsibilities of a finance professional
Verified
Key Learning Objectives:
- Understand the importance of integrity and professionalism
- Understand the principles of workplace legislation
- Understand the principles of legislation relating to money laundering
- Understand the ethical responsibility of the finance professional in promoting sustainability
9
Standard and Advanced Budgeting using a Computerised Accounting Package
Verified
Key Learning Objectives:
- Understand the use of ‘standard budgeting’ techniques using a computerised accounting package
- Be able to produce ‘standard budget’ reports from a computerised accounting package
- Understand the use of ‘advanced budgeting’ techniques using a computerised accounting package
- Be able to produce advanced budget reports from a computerised accounting package
10
Using Computerised Accounting Software
Verified
Key Learning Objectives:
- Be able to set up master data using a computerised accounting software package
- Be able to process accounting transactions on a computerised accounting software package
- Be able to process adjustments on a computerised accounting software package
- Be able to process period end routines on a computerised accounting software package
- Be able to process VAT returns using a computerised accounting software package
- Be able to produce and analyse accounting reports to assist the financial management of an organisation
Regulatory & Verification Details
- Qualification Number (QN)
- 601/7538/2
- Regulated Status
- Available to learners
- Awarding Body
- VTCT Skills
- Qualification Type
- Occupational Qualification
- Operational Start
- Sept 2015