This course is recognized by The National Commission For Further and Higher Education (NCFHE) as Level 3 of the Malta Qualification Framework and the European Qualifications Framework for Lifelong Learning.
This Award enables individuals to develop a theoretical understanding, alongside practical abilities of a variety of business disciplines at all levels of the business structure. This Award is ideal for anyone wanting to broaden their understanding of business as a whole, or those seeking to develop specific workplace skills.
Accounting and Finance studies are a popular choice for students looking to move directly into a career in professional accountancy as well as those whose ambitions lie in broader business management. Through the acquisition of compressive quantitive, computational and analytical skills, you will be positioned and qualified to continue into specialized and professional qualifications or to tale the first steps in your finance or accounting career.
Summary of units being studied:
Computerised Accounts (Sage) software enable learners to carry out everyday operation aspects of computerized accounts. These processing accounting transactions, producing customer and supplier documentation and producing reports such as agreed creditor analysis and sales day book summaries for management purposes.
Business Finance is ideal for those with a basic qualification in numeracy who wish to advance to supervisory level in a wide range of organisations. This qualification may also be used as a basis for further education in accounting and management.
To earn this qualification, you must complete a range of mandatory and optional units, including:
. Know How to Prepare Budgets
. Budget Deviations and Variances
. Understand Know How a Business May Maintain Liquidity
Book Keeping and Accounts is to further develop the introductory book-keeping practices, adjust ledger accounts to take account of activities at the trial balance date which affect the production of ab accurate trading, profit and loss account and balance sheet. Candidates will:
. Check and correct errors arising from inaccurate/incomplete/missing entries in
the ledger and day books
. Provide for depreciation of fixed assets using ledger accounts
. Account for accruals, prepayments, bad debts and provide for doubtful debts
. Prepare individual accounts in purchase and sales ledgers
. Prepare purchase ledger control accounts and sales ledger control accounts
. Complete an extended trial balance
There are no formal entry requirements for candidates undertaking this qualification but a basic knowledge of English is mandatory.
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