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Level II Certificate in Computerised Bookkeeping
Type of Examination: Home-based Assessment
Students must be able to demonstrate their ability to understand and carry out the following functions:
Business Set Up
1) Access the software
2) Set up the details of the new business including:
i) Name, address, start up date, VAT registration where applicable,
ii) Product lines for sale
iii) Appropriate VAT rates
3) Set up customers' and suppliers' accounts in the sales and purchases ledger, with details of name, address, credit limit, opening balances where appropriate
4) Obtain a print out of all details in an appropriate and readable format
5) Set up appropriate accounts to record income and expenditure items
6) Set a pro-forma for the production of invoices, credit notes and other required documents
Ledger Accounts
Make correct entries in the appropriate accounts for:
1) credit sales and purchases (including trade and cash discount where appropriate, individually or in batches)
2) credit notes sent to customers and received from suppliers
3) invoices received from suppliers for goods and services other than those for re-sale
4) cash sales and cash purchases
5) payments made on invoices received
6) receipts from invoices sent
7) payment of expenses and income other than from the sale of goods
8) transactions via the journal
9) Writing off of bad debts
Correction of errors
Correct any errors made in the posting of transactions to the accounts
Bank reconciliation
Carry out a bank reconciliation exercise using a computerised accounts package
Health and Safety
Display an awareness of health and safety issues when using a computer system
Trial Balances
1) Explain why they are needed
2) Explain the types of error that they will/will not disclose
3) Prepare such balances
4) Explain the action to be taken in the case of non-agreement
Reports
Print out required and explain the importance of reports including
i. audit trail
ii. nominal account transactions
iii. sales and purchases ledger transactions
iiii. VAT returns
Final Accounts of a Sole Trader
Extract a trading, profit and loss account and a balance sheet making allowances for year end adjustments such as depreciation (straight line and reducing balance methods), prepayments and accruals.
Non-Profit Making Organisations
1) Prepare a statement of affairs
2) Accurately prepare a receipts and payments account
3) Make adjustments to the accounts with regard to the accruals and prepayments of income and expenditure items including subscriptions
4) Prepare an income and expenditure account
5) Prepare a balance sheet
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