AAT Accounting and Bookkeeping Academy - Level 1 West London College

Overview

This AAT Accounting and Bookkeeping Academy - Level 1 course from West London College will particularly suit those students who have had minimal work experience or those who need some additional support to progress.

You will:

• gain an understanding on why keeping financial information accurate and up to date is important in the workplace,

• understand the key roles that a bookkeeper undertakes including data entry, checking bank statements, accounts receivable and accounts payable,

• learn underpinning theory including how to identify assets, liabilities, income, expenses, capital and profit or loss,

• learn the differences between trading for cash and trading on credit,

• develop the skills to process customer and supplier transactions, to enter receipts and payments into the cash book and check amounts against the bank statement in preparation for bank reconciliation,

• be introduced to the dual effect of transactions,

• learn the role that software can have in bookkeeping and the benefits and risks that different types of software may bring,

• explore the differences between cloud accounting software and traditional accounting software and learn about the importance of software security and the steps that can be taken to keep data secure,

• understand how the data they prepare, and reports they produce may be used by management and business owners in making business decisions and the importance of timely and accurate communication,

• learn the importance of ethical behaviour including confidentiality and the importance of data protection.

Progression Opportunities:

• After completing this course, you'll be well-prepared for further study in accounting and bookkeeping, such as a study programme at Level 2.