1. Introducing the RQF Computerised Bookkeeping qualifications
Introducing the RQF Bookkeeping Qualifications
22/04/2016
Introducing the RQF Computerised Bookkeeping qualifications
Dave Sutton

2. Level 1 Award in Computerised Bookkeeping
Introducing the RQF Bookkeeping Qualifications
22/04/2016
Level 1 Award in Computerised Bookkeeping

3. Assessment Terminology
Knowledge Tests
Open book, not controlled conditions but time constrained
Learners must attempt all questions
Learners awarded Pass or Fail - 70% minimum level of achievement (all levels)
Results notified immediately
Assignment
Not controlled conditions but time constrained
Learners awarded a Pass or Fail - 70% minimum level of achievement (all levels)
Provisional result notified immediately, subject to IAB moderation
Examination
Time constrained and controlled exam conditions
60% minimum level of achievement (levels 2 & 3)
Results are not immediate, subject to IAB moderation and review

4. L1 Award in Computerised Bookkeeping (RQF)
GLH 30 hours
Introduction to computerised accounting – D/508/5836
Set up a computerised accounting system and process data – Y/508/5849

5. Specifically aimed at learners who wish to begin their studies of computerised accounting
Learners with no previous knowledge or experience.
Learners employed at a junior level with some limited basic accounting knowledge
Learners returning to study and/or work after a study or career break
Learners considering a change in career.

6. Introduction to Computerised bookkeeping – Knowledge Test
One hour duration
Understand the basics of computerised accounting
Understand accounting terms
Recognise source documents
Understand the basics of the VAT system

7. Knowledge Test – Introduction to computerised accounting – 70% for a pass. Open book Assessment
Emphasis at L1 is on the basic fundamentals of double entry bookkeeping – mirrors Manual bookkeeping qualification with L1 Computerised Bookkeeping qualification
Learners are required to demonstrate competence by completing short answer tasks ranging from multiple choice to drop down options and all tasks within the assessment will be independent tasks.
The assessment will be one hour duration and open book
The emphasis is very much on the understanding of the basics of computerised accounting, accounting terms, recognise source documents, and understanding the basic of the VAT system
Must have knowledge of accounting equation – but will not be required to calculate a missing value
Learners will be required to understand the requirements of HMRC VAT legislation relating to the calculation of VAT where prompt payment discounts are offered.
Learners will be required to understand the difference between capital income, capital expenditure, revenue income, and revenue expenditure.
Learners will be required to understand the accounting concepts of dual aspect and business entity

8. Set up a computerised accounting system and process data – Assignment
Sage Assessment which is open book and of of one and half hours duration
Set up a computerised accounting system
Process credit based transactions
Process cash sales and sundry income
Process receipts from credit customers
Process payments to credit suppliers 
Process payments through the bank current account 
Process petty cash transactions
Reconcile the balance on the bank current account
Generate reports

9. Assignment – Set up a computerised accounting system and process data - 60% for a pass
The assessment will consist of two parts.
Learners should be prepared set up the sage accounting system with name, address, post code, and VAT registration number.
Learners should be prepared to enter opening balance in the ledger
Learners should be prepared set up supplier accounts and customer accounts
Learners should be prepared to process purchase invoices, sales invoices and credit notes
Learners should be prepared to process cash sales, credit sales, payments to suppliers and payments received form customers
Learners should be prepared to process an income from a non trading activity such as rent received
Learners should be prepared to process petty cash transactions and use the calculate net function for VAT
Learners should be prepared reconcile the balance on the business bank current account with the balance on the statement of account received from the bank

10. Assignment – Set up a computerised accounting system and process data - 60% for a pass
Learners should be prepared to generate the following reports the trial balance, supplier list, customer list and bank statement reconciled and unreconciled transactions
In part two of the assessment learners will be required to complete a number of tasks which either relate to the tasks completed in part one of the assignment, or are based on knowledge and use of the use of computerised accounting systems
Learners should be prepared to answer questions based on the reports generated in part one of the assignment
Learners should be prepared to add missing information to reports which are a duplication of the reports that the learner generated in part one of the assignment. This could require the learner to enter the correct credit and debit balances in the trial balance

11. Level 2 Certificate in Computerised Bookkeeping
Introducing the RQF Bookkeeping Qualifications
22/04/2016
Level 2 Certificate in Computerised Bookkeeping

12. Assessment Terminology
Knowledge Tests
Open book, not controlled conditions but time constrained
Learners must attempt all questions
Learners awarded Pass or Fail - 70% minimum level of achievement (all levels)
Results notified immediately
Examination
Time constrained and controlled conditions
60% minimum level of achievement
Results are not immediate, subject to IAB moderation and review

13. L2 Award in Computerised Bookkeeping (RQF)
GLH 50 hours
Principles of computerised accounting and VAT – M/508/5842
Use a computerised accounting system – R/508/6627

14. The Level 2 Certificate in Computerised Bookkeeping is specifically aimed at learners who wish to further their studies of computerised accounting and gain a qualification at Level 2
Learners who have already achieved a level 1 in computerised bookkeeping.
Learners with a practical and working knowledge of bookkeeping who require a qualification at Level 2 to enhance career and job prospects
Small business owners who use sage accounting for maintaining accounts for the business

15. Principles of computerised accounting and VAT– Knowledge Test
One hour duration
Understand the basics of computerised accounting system
Understand accounting terms
Recognise source documents and understand their purpose
Understand the basics of the VAT system
Understand HMRC VAT rules
Understand the purpose of VAT accounts and the VAT return

16. Knowledge Test –– Principles of computerised accounting and VAT
70% for a pass. Open book Assessment
The level 2 qualification builds upon the knowledge acquired in the level 1 qualification.
Learners are required to demonstrate competence by completing short answer tasks ranging from multiple choice to drop down options and all tasks within the assessment will be independent tasks.
The assessment will be one hour duration and open book
The emphasis is very much on the understanding and the purpose of a computerised accounting system. The learners should be able to recognise the security measures designed to protect computer hardware, software and restrict access to the computerised accounting system.
Learners will be required to demonstrate a knowledge of bad debts, discounts (trade, bulk and prompt payment discounts), wages, salaries, gross pay, net pay and statutory and voluntary deductions
Learners will be required to understand the requirements of HMRC VAT legislation relating to the calculation of VAT where prompt payment discounts are offered and the rules for accounting for a VAT adjustment where the offer of a prompt payment discount is taken-up
Learners will not be required to have knowledge of the VAT rules relating to imports, exports and VAT on supplies between EC member states

17. Use a computerised accounting system – Examination 60% pass
Two hours duration
Set up a computerised accounting system
Generate and use source documents
Account for cash sales and sundry income
Process customer receipts and refunds
Process supplier payments and refunds
Process payments through the bank current account
Process petty cash transactions
Reconcile the balance on the bank current account
Prepare and post journal entries
Generate reports

18. Examination – Use a computerised accounting system- 60% for a pass
It is important that learners have the knowledge that is required for level 1 before attempting this exam. A key criteria is that learners should have a good understanding of the double entry system which is a requirement of the learning outcomes.
Learners will be prepared to prepare and post journal entries for the following transactions
Bad debts and VAT bad debt relief
The correction of errors (omission, commission, principle and original entry)
The clearing of balances on VAT purchase tax and sales tax accounts
Wages and salaries (net pay, deductions from pay)
Learners will be required to use the computerised accounting software to generate the following reports
Supplier and customer names and addresses
Supplier and customer activity reports
Aged debtor and creditor reports
Trial balance and summary audit trail
Bank statement reconciled and unreconciled transactions
Day book reports (customer invoices and credits, supplier invoices and credits)

19. L2 Certificate in Computerised Bookkeeping (RQF) – General comments
Examination is on-demand and closed book
Knowledge test is open book and time constrained to one hour
A key to performing well on the QCF level 2 was practice on assessment and not entering the exam until the candidate was well prepared with a good knowledge of double entry bookkeeping and the same applies to the new RQF qualification.

20. Level 3 Certificate in Computerised Bookkeeping & Accounting
Introducing the RQF Bookkeeping Qualifications
22/04/2016
Level 3 Certificate in Computerised Bookkeeping & Accounting

21. Assessment Terminology
Knowledge Tests
Open book, not controlled conditions but time constrained
Learners must attempt all questions
Learners awarded Pass or Fail - 70% minimum level of achievement (all levels)
Results notified immediately
Examination
Time constrained and controlled conditions
60% minimum level of achievement
Results are not immediate, subject to IAB moderation and review

22. Level 3 Certificate in Computerised Bookkeeping and Accounting
GLH 70 hours
Principles of advanced computerised accounting – J/508/5846
Use a computerised accounting package – D/508/6629

23. The Level 3 Certificate in Computerised Bookkeeping is specifically aimed at learners who wish to further their studies of computerised accounting and gain a qualification at Level 3
Learners who have already achieved a level 2 in computerised bookkeeping.
learners who already have a good working knowledge of accounting software, and wish to enhance career prospects or progress to higher qualifications.

24. Knowledge Test –– Principles of advanced computerised accounting
70% for a pass. Open book Assessment
The level 3 qualification builds upon the knowledge acquired in the level 1 and 2 qualifications.
Learners are required to demonstrate competence by completing short answer tasks ranging from multiple choice to drop down options.
The assessment will be one hour duration and open book
The emphasis is very much on the understanding and the application of a computerised accounting system.
Learners will be required to demonstrate an accounting knowledge of stock valuation, fixed assets, prepayments and accruals, trial balance and a suspense account.
Learners will be required to understand the purpose of financial statements
Learners will be required to understand the principles of accounting for partnerships
Understand the purposes of budgeting

25. Examination – Use a computerised accounting package 60% for a pass
It is very important that learners have the knowledge that is required for level 1 and 2 before attempting this exam. A key criteria is that learners should have a good understanding of advanced bookkeeping
Duration of exam 2 hours and 30 minutes
Learners must be prepared to use an accounting package to process the following
Business transactions (level 1 and level 2 criteria)
Journal entries
Stock
Fixed assets (non current assets)
Prepayments and accruals
Bad debts and a provision for doubtful debts
Make end of period adjustments
Amend the chart of accounts and generate reports