View Unit : Period end processing

Unit

Unit Reference Number

M/601/8149

Qualification Framework

QCF

Title

Period end processing

Unit Level

Level 3

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	Complete period end procedures effectively	1.1	Reconcile cumulative pay records to end-of-period balances
		1.2	Calculate and report the total cost of the payroll to the employer
		1.3	Accurately complete and file all statutory and non-statutory end-of-period returns by the applicable due dates
		1.4	Provide end-of-period information for employees by the applicable statutory date
		1.5	Accurately and promptly prepare internal end-of-period summaries for accounting purposes
2	Make third party payments	2.1	Reconcile totals of income tax and national insurance contributions deducted with payments made to the relevant tax authority
		2.2	Reconcile the total of employee and employer pension and additional voluntary contributions against pay and check that this agrees with the pensions scheme rules and requirements
		2.3	Reconcile other payments which need to be made to third parties
		2.4	Make accurate and timely payments to third parties following completion of the payroll

Equivalent Units

There are no equivalences to display.