View Unit : Accounts Preparation and Analysis

Unit

Unit Reference Number

M/600/9743

Qualification Framework

QCF

Title

Accounts Preparation and Analysis

Unit Level

Level 2

Unit Sub Level

None

Guided Learning Hours

Unit Credit Value

Date of Withdrawal

SSAs

15.1 Accounting and Finance

Unit Grading Structure

Pass

Assessment Guidance

None

Learning Outcomes and Assessment Criteria

Learning Outcome - The learner will:		Assessment Criterion - The learner can:
1	Understand the reasons for keeping accounts.	1.1	Describe the reasons for keeping accounts.
2	Be able to apply the principles of double entry book-keeping.	2.1	Apply the principles of double entry book-keeping.
3	Be able to use a trial balance to make adjustments to a profit and loss account and balance sheet.	3.1	Construct a simple trial balance.
		3.2	Prepare a profit and loss account.
		3.3	Prepare a balance sheet.
		3.4	Adjust for depreciation, bad and doubtful debts.
4	Understand how organisations manage cash balances.	4.1	Describe the importance of working capital.
		4.2	Describe sources of finance.
		4.3	Explain the cash operating cycle.
5	Be able to use financial statements to assess company performance.	5.1	Use simple accounting ratios to assess company performance.

Equivalent Units

Equivalence	Unit
Description	Equivalent Unit Unique Reference Number	Owner	Title