Sage 50 Accounts Level 2

Syllabus

UNIT 1 – CONTROL ACCOUNTS AND RECONCILIATION

Learning Outcome: To understand the purpose of the control accounts and reconciliation.

Objectives:

• Identify the control accounts.
• Outline the purpose of the control accounts.
• Explain the process of reconciliation.
• Evaluate the advantages and disadvantages of using control accounts and reconciliation in business.

UNIT 2 – CREDIT CONTROL SET-UP

Learning Outcome: To understand how to set-up credit control for your business.

Objectives:

• Identify the credit control system.
• Outline the reasons why a credit control system is required in business.
• Explain the set-up of credit control.
• Evaluate the advantages and disadvantages of using a credit control system in business.

UNIT 3 – CREDIT CONTROL PROCESSES

Learning Outcome: To understand how to utilise the credit control processes in the software.

Objectives:

• Identify the available functions of credit control in the software.
• Outline the credit control functions available in the computerised accounting software.
• Explain the chase debt functions.
• Evaluate the advantages and disadvantages of credit control processes and functions in the computerised accounting system.

UNIT 4 – MANAGING CREDIT CONTROL

Learning Outcome: To understand how to manage credit control within business.

Objectives:

• Identify the process of entering transactions for debtors.
• Outline the steps taken for outstanding debts.
• Explain the processes of pursuing legal action.
• Evaluate the advantages and disadvantages of having debtors in your business.

UNIT 5 – THE VAT RETURN

Learning Outcome: To understand how to complete and manage the VAT Return.

Objectives:

• Identify the VAT rates applicable in the UK.
• Outline the VAT Schemes available to you in the UK.
• Explain the process of the VAT Return.
• Evaluate the advantages and disadvantages of using the computerised accounting to process VAT Returns.

UNIT 6 – THE FIXED ASSET MODULE

Learning Outcome: To understand the fixed asset module in the computerised accounting software.

Objectives:

• Identify fixed assets in business.
• Outline the process of creating fixed asset records.
• Explain the process of depreciation.
• Evaluate the advantages and disadvantages of the fixed asset module in the computerised accounting system.

UNIT 7 – MANAGEMENT/FINANCIAL REPORTS & THE CHART OF ACCOUNTS

Learning Outcome: To understand the management and financial reports created by the software and to understand the role of the Chart of Accounts.

Objectives:

• Identify the reports used for management and financial purposes.
• Outline the differences in management and financial accounting.
• Explain the role of the Chart of Accounts.
• Evaluate the advantages and disadvantages of using the software for these purposes.

UNIT 8 – MICROSOFT INTEGRATION & PERIOD END PROCEDURES

Learning Outcome: To understand the process of Microsoft integration and the period end procedures inside the computerised accounting software.

Objectives:

• Identify the ability of the software to integrate with Microsoft appliactions.
• Outline the procedures involved in the period end procedures.
• Explain the process of integration with Microsoft applications.
• Evaluate the advantages and disadvantages of using the software in conjunction with Microsoft applications for your business.

After each lesson there is an assignment which you must complete and return to your tutor for marking. At the end of the course there is a final online exam which takes about an hour and can be completed at a time that is convenient for you. The college can assist you in arranging this and there is a further fee of £55 + VAT if you wish to achieve the fully accredited SAGE 50 certification.

Study Hours

This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper.

The approximate amount of time required to complete the course is: 120 hrs.