Accountancy Intermediate Apprenticeship at Truro and Penwith College
You’ll develop your skills in finance administration: double-entry bookkeeping, basic costing principles and purchase, sales and general ledgers.
The intermediate level consists of five units:
- Understanding an organisation’s cost recording system and using it to record or extract data
- Use of spreadsheets to convey information on actual and budgeted income and expenditure.
- Entering data at the start of an accounting period to set up customer and supplier accounts
- Recording and processing customer and supplier transactions
- Recording and reconciling bank and cash transactions
- Processing and using journals to enter accounting transactions
- Production of reports (day books, account activity, aged analysis, statements or remittance advice).
Work effectively in accounting and finance
- Understanding an organisation’s accounting or payroll function
- Using numeracy and literacy communication skills
- Working independently or in a team to prioritise tasks and manage colleagues’ responsibilities
- Understanding ethical values, principles and importance of confidentiality
- Understanding and explaining benefits to organisations of sustainable values.
Processing bookkeeping transactions
- Understanding double-entry bookkeeping, integrating books of prime entry and describing coding system functions
- Understanding discounts and settlement, trade and bulk discount differences
- Preparing and processing customer and supplier invoices and credit notes
- Totalling and balancing a 3-column analysed cash book
- Totalling, balancing and reconciling petty cash records within an analysed petty cash book
- Processing ledger transactions and extracting a trial balance.
Control accounts, journals and the banking system
- Understanding the purpose and use of control accounts and journals
- Maintaining and using control accounts and the journal
- Reconciling a bank statement with the cash book
- Understanding the banking process and main services of banks and building societies
- Understanding requirements of retention and storage relating to banking documents.
How to apply
If you want to apply for this course, you will need to contact Truro and Penwith College directly.