View Unit : Principles of Accounting for Not for Profit Organisations

Unit

Unit Reference Number

Y/601/0725

Qualification Framework

QCF

Title

Principles of Accounting for Not for Profit Organisations

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

Learning Outcomes and Assessment Criteria

Learning Outcome - The learner will:		Assessment Criterion - The learner can:
1	Understand terminology relating to not for profit organisations	1.1	Define the term ‘not for profit’ and identify the forms in which such an organisation is likely to operate.
1		1.2	Identify and explain accounting terms used specifically in accounting for not for profit organisations
2	Understand the purpose of a receipts and payments account	2.1	Explain the use of a receipts and payments account in accounting for not for profit organisations
2	Understand the purpose of a receipts and payments account	2.2	Explain the limitations of a receipts and payments account
3	Understand the function of financial statements prepared for a not for profit organisation	3.1	Explain the function of the financial statements prepared on behalf of a not for profit organisation

Equivalent Units

There are no equivalences to display.