What you'll learn at Level 2 (L5 Scotland)

• Principles and procedures related to processing business transactions, financial documents and payments for customers and suppliers
• Developing skills in processing ledger transactions and preparing an initial trial balance.

• Maintenance and reconciliation of a cash book by accurately entering receipts and payments, balancing off the book and reconciling with bank statements.
• Knowledge and understanding of the UK banking system and related organisational activities.
• Petty cash transactions and the importance of the Journal as a primary accounting record.
• Maintaining control over debtors and creditors, aided by preparation and use of debtor and creditor control accounts.
• Non-standard bookkeeping transactions and double-entry bookkeeping records.

• Developing transferable skills and effective working in an accounting environment.
• Teamwork skills and the ability to work independently.
• Demonstrating workplace-ready standards of literacy and numeracy.

• Cost recording systems within an organisation and how best to respond to requests for information relating to costs and expenditure.
• Recording and extracting information, and using a costing system to provide information for management.

• Selecting and using computerised accounting or bookkeeping software to input and process data for orders, invoices, receipts and payments.
• Preparing management and period-end reports.

Please note, this is an additional learning and assessment area for level 2 apprenticeship students only.

• Importance of ethical duties and how to work within the code to ensure that the public can gain confidence in accounting practices or functions.
• Protecting your and your organisation’s professional reputation and integrity.