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.

This qualification is studied on a distance learning basis and then assessed by use of on-line knowledge tests and skills assignments.

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.

OPTION 1 – SELF STUDY, OPTION 2 – TUTOR SUPPORT