Introduction to Bookkeeping QQI 4
Learning Outcomes
1. Describe the importance of good financial record keeping in business and the problems associated with poor record keeping.
2.Demonstrate an understanding of the need for and importance of credit in the business world
3.Explain the key terminology associated with bookkeeping and accounts
4.Identify all relevant source documents for record keeping purposes
5.Describe briefly the two main VAT rates, showing how the VAT system operates using one of the rates
6.Check the accuracy of calculations on source documents
7.Prepare outgoing documents for customers or clients to include orders, invoices, credit notes, receipts, and payments
8. Complete the books of first entry with appropriate VAT and departmental analysis from the information contained in a range of source documents including invoices, credit notes, bank records, petty cash vouchers
9. Post the information from the books of first entry to accounts set up in the ledgers, using the double entry system
10. Extract a trial balance at the end of an accounting period.
11. Show how to correct errors identified in the record keeping process
12.Interpret all the entries on a bank statement including the links between the statement and the receipts and payments records of an organisation
Target Award
QQI Office Skills – 4M2070
Start Date: 02-09-2025 Hours/week: 02 Hrs 00 Mins Duration: 33 weeks
No formal education or qualifications are required although applicants may have participated in primary and secondary education. Applicants will be expected to demonstrate a standard of knowledge, skill and competence equivalent to NFQ Level 3 when accessing a Level 4 programme.
Age Requirements
Please see course details for minimum age requirements.
For further information on Learner Profile please refer to relevant section of the Programme Descriptor.
Learning Aptitude
Applicants must have a motivation to learn, an interest in the subject and the ability to acquire the knowledge, skills and competencies set out in the course.
Previous Experience
Applicants must be able to demonstrate a moderate range of knowledge, skills and competencies relevant to the course, be able to work with responsibility and demonstrate the ability to work on their own initiative.
| Module | Award | Body |
|---|---|---|
| Business English | Business English (4N1108) | QQI |
| English And Communications Level 4 | Communications (4N0689) | QQI |
| General Office Skills | General Office Skills (4N1116) | QQI |
1. Describe the importance of good financial record keeping in business and the problems associated with poor record keeping.
2.Demonstrate an understanding of the need for and importance of credit in the business world
3.Explain the key terminology associated with bookkeeping and accounts
4.Identify all relevant source documents for record keeping purposes
5.Describe briefly the two main VAT rates, showing how the VAT system operates using one of the rates
6.Check the accuracy of calculations on source documents
7.Prepare outgoing documents for customers or clients to include orders, invoices, credit notes, receipts, and payments
8. Complete the books of first entry with appropriate VAT and departmental analysis from the information contained in a range of source documents including invoices, credit notes, bank records, petty cash vouchers
9. Post the information from the books of first entry to accounts set up in the ledgers, using the double entry system
10. Extract a trial balance at the end of an accounting period.
11. Show how to correct errors identified in the record keeping process
12.Interpret all the entries on a bank statement including the links between the statement and the receipts and payments records of an organisation