Sage 50 Accounts Levels 1, 2, 3 Package

Syllabus

LEVEL 1

UNIT 1 – AN INTRODUCTION TO ACCOUNTING SYSTEMS

Learning Outcome: To understand the purpose and processes of accounting

Objectives:

• Identify the purpose of accounting.
• Outline the requirements for accounting in the UK.
• Explain the accounting process.
• Evaluate the advantages and disadvantages of the accounting process.

UNIT 2 – SYSTEMS OF ACCOUNTING

Learning Outcome: To understand the foundations of computerised accounting

Objectives:

• Identify the purpose of computerised accounting.
• Produce new records for an organisation.
• Explain the processes used in computerised accounting.
• Evaluate the advantages and disadvantages of manual and computerised accounting.

UNIT 3 – CUSTOMER AND SUPPLIER ACCOUNTS

Learning Outcome: To understand how to set-up and navigate the customer and supplier functions.

Objectives:

• Produce and amend customer and supplier records.
• Create customer and supplier reports.
• Explain the process for producing and amending customer and supplier records and creating reports.
• Evaluate the benefits of computerised accounting for producing customer and supplier records, amendments and creating reports.

UNIT 4 – THE NOMINAL LEDGER

Learning Outcome: To understand the functions of the Nominal Ledger.

Objectives:

• Create and amend new Nominal Codes
• Input Opening Balances.
• Explain the process of creating and amending Nominal Codes and inputting Opening Balances
• Evaluate the benefits of using computerised accounting to create and amend Nominal Codes and input Opening Balances.

UNIT 5 – ENTERING TRANSACTIONS

Learning Outcome: To understand how different transactions are recorded within a computerised accounting system.

Objectives:

• Identify cash and credit transactions.
• Enter customer and supplier invoices.
• Explain what a Trial Balance shows the user in relation to entered transactions.
• Explain the benefits of computerised accounting when entering these transactions.

UNIT 6 – THE BANK MODULE

Learning Outcome: To understand the functions of the Bank module in a computerised accounting system.

Objectives:

• Enter payments into the Bank module.
• Enter receipts into the Bank module.
• Explain the procedure of entering these transactions into computerised accounting.
• Explain the reason a Bad Debt is written-off.

UNIT 7 – COMPUTERISED ACCOUNTING – PRACTICAL QUESTION 1

Learning Outcome: To develop practical computerised accounting skills.

Objectives:

• Create company records for a fictional organisation.
• Enter transactions and follow procedure.
• Produce reports.
• Explain the processes used throughout.
• Evaluate the ease of use of the processes used.

UNIT 8 – COMPUTERISED ACCOUNTING – PRACTICAL QUESTION 2

Learning Outcome: To further comprehensively develop practical computerised accounting skills.

Objectives:

• Create company records for a fictional organisation.
• Enter transactions and follow procedure.
• Produce reports.
• Explain the processes used throughout.
• Evaluate the ease of use of the processes used.

LEVEL 2

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.

LEVEL 3

UNIT 1 – PLANNING STOCK CODING STRUCTURE

Learning Outcome: To understand the procedure of planning a stock coding structure.

Objectives:

• Identify the importance of stock in business.
• Outline the stock coding structure.
• Explain the importance of planning your stock coding structure.
• Evaluate the benefits of using the computerised accounting software to maintain and monitor stock.

UNIT 2 – PRODUCTS & BILL OF MATERIALS

Learning Outcome: To understand the nature of products and bill of materials in business and to understand how the computerised accounting software processes these items.

Objectives:

• Identify the importance of products in business.
• Outline the processes of managing products within the computerised accounting software.
• Explain the nature of ‘Bill of Materials’.
• Evaluate the benefits of using the computerised accounting software to process products.

UNIT 3 – STOCK TAKE & PERIOD END

Learning Outcome: To understand the process of a stock take and to carry out period end procedures.

Objectives:

• Identify the requirement for a stock take.
• Outline the process of a stock take.
• Explain the period end procedure.
• Evaluate the benefits of using the computerised accounting software to carry out stock takes and period end procedures.

UNIT 4 – SOP AND POP SETUP DISCOUNTS

Learning Outcome: To understand the SOP and POP setup discounts within the computerised accounting software.

Objectives:

• Identify discounts in business.
• Outline the process of POP and SOP setup discounts.
• Explain the advantages of using SOP and POP setup discounts in business.
• Evaluate the benefits using the computerised accounting software to.

UNIT 5 – PURCHASE ORDER PROCESSING

Learning Outcome: To understand the procedure of purchase order processing

Objectives:

• Identify the purchase order process.
• Outline the process of receiving deliveries.
• Explain the process of amending and cancelling purchase orders.
• Evaluate the benefits of using the computerised accounting software to complete the purchase order processes.

UNIT 6 – SALES ORDER PROCESSING

Learning Outcome:

Objectives: To understand the procedure of sales order processing

• Identify the sales order process.
• Outline the process of dispatching orders.
• Explain the process of amending and cancelling sales orders.
• Evaluate the benefits of using the computerised accounting software to complete the sales order processes.

UNIT 7 – QUOTES, PROFORMAS & RECURRING TRANSACTIONS

Learning Outcome: To understand the necessary procedures for quotes, proformas and recurring transaction.

Objectives:

• Identify the use of quotations in business.
• Outline the process of creating and utilising quotations in the computerised accounting software.
• Explain the process of recurring transactions in the computerised accounting software.
• Evaluate the benefits of using the computerised accounting software to complete recurring transactions.

UNIT 8 – FOREIGN TRADER OPTIONS

Learning Outcome: To understand which options the software offers for foreign trading.

Objectives:

• Identify foreign currency in the software.
• Outline the procedure of processing foreign customers and suppliers.
• Explain the revaluation of foreign bank accounts in the software.
• Evaluate the benefits of using the computerised accounting software to complete foreign trader options.

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: 360 hrs.