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London School of International Business (LSIB)

What topics are covered in Level 2 Award in Using Computerised Accounting Software in Business Qualification (RQF) qualification?

The Level 2 Award in Using Computerised Accounting Software in Business Qualification (RQF) covers a range of topics that are essential for individuals looking to develop their skills in computerised accounting software. This qualification is designed to provide learners with the knowledge and skills needed to use accounting software effectively in a business environment.

Below is a detailed breakdown of the topics covered in this qualification:

Topic Description
Introduction to Computerised Accounting Software Understanding the basics of computerised accounting software and its importance in modern business operations.
Setting up Accounting Software Learning how to set up accounting software, including creating company profiles, chart of accounts, and user permissions.
Recording Financial Transactions Understanding how to record financial transactions accurately using accounting software.
Bank Reconciliation Learning how to reconcile bank statements with accounting records to ensure accuracy.
Generating Reports Creating financial reports such as profit and loss statements, balance sheets, and cash flow statements using accounting software.
VAT Returns Understanding how to prepare and submit VAT returns using accounting software.
End of Period Procedures Learning how to carry out end of period procedures, including closing off accounts and generating financial statements.

By completing the Level 2 Award in Using Computerised Accounting Software in Business Qualification (RQF), learners will gain practical skills that are highly sought after by employers in various industries. This qualification is ideal for individuals looking to enhance their career prospects in accounting and finance.

Overall, the topics covered in this qualification provide a comprehensive understanding of computerised accounting software and its application in a business setting. Whether you are a beginner or looking to upskill, this qualification will equip you with the necessary knowledge and skills to excel in the field of accounting.