Level 3 Certificate in Computerised Accounting for Business

The Level 3 Certificate in Computerised Accounting for Business involves advanced bookkeeping routines and activities using a double entry bookkeeping system, including financial statements for a sole trader, partnership or not for profit organisation and use of the Sage accounting program to process management information.

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Target audience

This qualification would be useful for those who have a working knowledge of accounts or figure work and have an awareness of Sage computerised accounting packages, but would like to expand their knowledge into management accounts.

Exam/assessment?

This qualification is studied on a distance learning basis and then assessed by use of on-line knowledge tests and skills assignments that create a portfolio of evidence that is assessed by us and then sent to the IAB for verification and certification.

Course summary

  • Understand the use of generally accepted accounting concepts and 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.
  • 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.
  • Understand single entry bookkeeping.
  • Understand the process of constructing ledger accounts from incomplete records.
  • Understand the partnership structure as a form of business entity.
  • Understand the legislation relating to partnerships.
  • Understand specific accounts used in partnership accounting.
  • Understand the procedures necessary to account for the changes in the structure of a partnership.
  • 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 current VAT regulations.
  • Understand how the external environment impacts on how an organisation manages cash assets.
  • Be able to make informed decisions regarding the management and efficient use of cash balances and management of cash balances within an organisation.
  • Understand a range of accounting and other business techniques used to improve the efficiency of cash management procedures within an organisation.
  • Prepare forecasts of income and expenditure for a given accounting period.
  • Use forecasts to monitor cash flow within the organisation.
  • Use cash balances effectively.
  • Complete, process and submit VAT information accurately.
  • Communicate VAT information.
  • Access, enter and edit accounting information using computerised accounting software.
  • Process business transactions from source documents using computerised accounting software.
  • Develop and interpret management information reports from computerised accounting software.
  • Set up a computerised accounting system ready for use.