AAT Level 1 Award in Bookkeeping

Course description

The AAT have over 130,000 members in more than 90 countries. These are either studying accountancy and finance or working within the industry. The AAT’s reputation and standing within the accounts industry means your qualifications will be instantly recognised by employers. This will in turn, depending on the level of qualification, open up employment opportunities, whether as an accounts assistant or senior accounts employee. You may have ambitions of running your own accounts business or working as a partner in an already established business. Whatever your ambition and dreams there will always be a demand for qualified people in the finance and accounts industry. As laws and legislation changes, the demand will only ever increase. Gain the bookkeeping and accountancy skills that will underpin your future studies. You will gain a sound basis for a career in bookkeeping, financial or management accounting. You will develop an understanding of the role of the bookkeeper, including the need to produce timely and accurate work and to follow ethical principles. You will learn underpinning theory including how to identify assets, liabilities, income, expenses, capital profit or loss, and the differences between trading for cash and trading on credit. You will also 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. You will be introduced to the dual effect of transactions. This is a fundamental underpinning concept for double-entry bookkeeping and will support students who go on to study bookkeeping at Level 2. You will also learn the role that software can have in bookkeeping and the benefits and risks that different types of software may bring. You will 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. Our unique and highly effective learning materials and resources have been developed to ensure you are able to progress smoothly and quickly, ensuring a higher rate of success. This course consists of one unit (Bookkeeping Fundamentals). You will learn the role and responsibility of a bookkeeper, including being able to complete bookkeeping documents for transactions, and how to record these transactions into the accounting system. You will also gain an understanding of the benefits and risks of using accounting software to maintain an accounting system. Unit 1 Bookkeeping Fundamentals (BKFN) Understand the role of the bookkeeper. Understand financial transactions. Process customer and supplier transactions. Process receipts and payments. Understand the benefits and risks of using accounting software to complete bookkeeping tasks You will receive full support via your tutor, individual workbooks each containing comprehensive and thorough lessons, examples and practical activities. Your AAT registration is included with this course. Exam fees will need to be paid directly to the testing centre at the time of booking.