VTCT Skills
Level 3
QN: 603/1176/9
Curriculum Active
VTCT Skills Level 3 Diploma in Computerised Finance for Business (RQF)
Official qualification regulated by Ofqual, awarded by VTCT Skills. Classified as a Occupational Qualification. Total guided learning hours: 270 hours.
Qualification Level
Level 3
Awarding Body
VTCT Skills
Syllabus Units
12 Units
Guided Hours
270 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Computerised Payroll Skills
Verified
Key Learning Objectives:
- Be able to process information on starters, leavers and changes to current employees
- Be able to process payroll accurately on a pay period basis
- Be able to back up and update systems when required
2
Computerised Payroll Theory
Verified
Key Learning Objectives:
- Understand potential health and safety and security risks
- Maintain the security of data within a computerised environment
- Understand organisational procedures for processing payroll in a computerised environment
- Understand the statutory requirements for submitting information
3
Fundamentals of employment legislation for payroll
Verified
Key Learning Objectives:
- Know what payroll information is to be prepared and kept by law.
- Understand data protection legislation in relation to payroll
- Know the general principles of employment rights legislation
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 VAT
Verified
Key Learning Objectives:
- Understand current VAT regulations
7
Process routine payments and receipts using a computerised system
Verified
Key Learning Objectives:
- Be able to enter and/or restore data using a Computerised Accounting Package
- Be able to process petty cash payments and receipts
- Be able to process non-credit payments and receipts
- Be able to correct transaction errors
- Be able to process salary journals
- Be able to carry out bank reconciliation
- Be able to produce reports using selection criteria and parameters
8
Professional values and basic business legislation
Verified
Key Learning Objectives:
- Understand the importance of integrity and professionalism
- Understand that legislation exists relating to the workplace
- Know the fundamental principles of money laundering legislation
9
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
10
Setting up accounting software to manage accounting information
Verified
Key Learning Objectives:
- Be able to enter and/or restore data using a Computerised Accounting Package at the start of the financial year
- Be able to set up Assets, Liabilities, Capital and Budgets
- Be able to record customer and supplier invoices and credit notes
- Be able to process receipts from customers
- Be able to process payments to suppliers
- Be able to process non-credit payments and receipts
- Be able to process Journals
- Be able to produce reports using selection criteria and parameters
11
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
12
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)
- 603/1176/9
- Regulated Status
- Available to learners
- Awarding Body
- VTCT Skills
- Qualification Type
- Occupational Qualification
- Operational Start
- Mar 2017