Accounting Manual & Computerised L5

Course details

This Accounting Manual and Computerised Level 5 Course is designed to enable the learner to understand the principles and practice of maintaining financial records manually and using integrated accounting software. The course is designed for those with a basic knowledge of computers and an interest in accounting.

How will you the Learner Benefit?

• Gain a valuable qualification and get on a clearly defined career path
• Gain the skills, knowledge and competence of manual and computerised accounts
• Develop an understanding of the principles of accounting
• Gain an understanding of a range of accounting terms and ratios
• Learn how to carry out a range of accounting procedures
• Learn how to prepare financial statements both manually and computerised

Payroll Module

The Payroll course provides the knowledge and understanding required to work in a payroll function. It will complement the Manual & Computerised accounts course and provide wider opportunities for employment.

• Gain the knowledge and skills to maintain payroll records in small/medium organisations.
• Gain the essential and appropriate terminology associated with personal taxation
• Appreciate the importance of accuracy and security in preparing and maintaining payroll
• Understand how the cumulative, emergency and temporary tax systems operate.
• Understand Data Protection

Accounting Manual & Computerised is designed for those with a basic knowledge of computers and an interest in accounting

This Accounting Manual and Computerised Level 5 Course is designed to enable the learner to understand the principles and practice of maintaining financial records manually and using integrated accounting software. The course is designed for those with a basic knowledge of computers and an interest in accounting.

Accounting Principles

• Explain the principles of double entry bookkeeping
• List the books of prime entry
• Define: assets, liabilities, debtors, creditors, capital.
• Define: shareholder, share capital, dividend and debenture
• Distinguish: sole trader, partnership, limited company
• Summarise a range of accounting standards
• Outline the role of the auditor
• Explain the purposes of financial forecasts and budgets

Accounting Practice

• Process the following adjustments; accruals, prepayments, depreciation, bad debts
• Calculate depreciation using a range of methods
• Value stock using a range of methods
• Extract a Trial Balance
• Prepare: a debtors and creditors control account, and a bank reconciliation
• Produce a profit and loss account for: sole trader, partnership, limited company
• Produce a balance sheet for a sole trader, a partnership
• Calculate a range of ratios for: liquidity, profitability, efficiency
• Complete budgets and forecasts
• Computer Principles

Computer Systems in an accounts environment

• Hardware and Software / Operating Systems / File Management
• Computerised versus Manual Accounts
• Data Accuracy, Security and Confidentiality
• Antivirus Protection Software
• Data Protection Act

Computerised Practice

• Set up company parameters
• Enter opening balances /enter budget figures
• Extract variances between actual and budget figures
• Transactions: Sales, Purchases, Returns, Payments, Receipts
• Process correction of errors, contra entries
• Process adjustments: accruals, prepayments, depreciation, bad debts & stock adjustments
• Reconcile Bank account with Bank Statement
• Extract Trial Balance
• VAT Returns; Bi-monthly and Annual
• Financial Statements; Trading Profit and Loss account, Balance Sheet
• Copy of back-up data files / Restore Data Files

Payroll Introduction

• Computer Principles
• Computer Payroll
• Data Protection

Accountng Manual & Computerised Accounts

A combination of module appropriate assessment procedures will facilitate the assessment of learning outcomes of this course. These methods will include a combination of final written examinations and continuous assessment processes such as assignments, collection of work, learner records, projects and skills demonstration as follows:.

Credit Value

• A total Credit Value of 15 Applies to this Award

Award

• Manual & Computerised Accounts Level 5 Minor Award (5N1348)
• Awarded by: Quality and Qualifications Ireland (QQI)