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Course Code AC1602
FAS Funding No
Non-EU No
Fees and Schedule
 

Career Opportunities & Progression

The FETAC Manual & Computerised Accounts Course provides the knowledge and understanding required to work in accountancy support roles and is an ideal introduction into accountancy. Students can take other complimentary courses such as Manual & Computerised Payroll. Progression routes include ACCA Certified Accounting Technician course.

 

Accounting Manual and Computerised FETAC Level 5

This FETAC Accounting Manual and Computerised course is designed to enable the learner to understand the principles and practice of maintaining financial records manually and using integrated accounting software.  The course is designed for those with a basic knowledge of computers and an interest in accounting.

Course Benefits
This course provides the skills and knowledge to work in Accounting Support roles with excellent progression routes that include:

  • FETAC Manual & Computerised Payroll Level 5
  • ACCA Certified Accounting Technician

Course Aim

The aim of the Manual & Computerised Accounts Course is:

  • To develop an understanding of the principles of accounting
  • To understand a range of accounting terms and ratios
  • To be able to carry out a range of accounting procedures
  • To be capable of preparing financial statements both manually and computerised

Principal Areas of Study

Accounting Principles

  • Explain the principles of double entry bookkeeping
  • List the books of prime entry
  • Define: assets, liabilities, debtors, creditors, capital.
  • Define:  shareholder, share capital, dividend and debenture
  • Distinguish: sole trader, partnership, limited company
  • Summarise a range of accounting standards
  • Outline the role of the auditor
  • Explain the purposes of financial forecasts and budgets

Accounting Practice

  • Process the following adjustments; accruals, prepayments, depreciation, bad debts
  • Calculate depreciation using a range of methods
  • Value stock using a range of methods
  • Extract a Trial Balance
  • Prepare: a debtors and creditors control account, and a bank reconciliation
  • Produce a profit and loss account for: sole trader, partnership, limited company
  • Produce a balance sheet for a sole trader, a partnership
  • Calculate a range of ratios for: liquidity, profitability, efficiency
  • Complete budgets and forecasts

Computer Principles

  • Computer Systems in an accounts environment
  • Hardware and Software / Operating Systems / File Management
  • Computerised versus Manual Accounts
  • Data Accuracy, Security and Confidentiality
  • Antivirus Protection Software
  • Data Protection Act

Computerised Practice

  • Set up company parameters
  • Enter opening balances /enter budget figures
  • Extract variances between actual and budget figures
  • Transactions: Sales, Purchases, Returns, Payments, Receipts
  • Process correction of errors, contra entries
  • Process adjustments: accruals, prepayments, depreciation, bad debts & stock adjustments
  • Reconcile Bank account with Bank Statement
  • Extract Trial Balance
  • VAT Returns; Bi-monthly and Annual
  • Financial Statements; Trading Profit and Loss account, Balance Sheet
  • Copy of back-up data files / Restore Data Files

Assessment

Manual & Computerised Accounts Assessment

Students take Two Assignments = 60%
Practical Assignments Examination = 40%

Code Location Start Date End Date Duration Days EU Cost Non EU Cost Exam Fee Fas %
AC1502 Dublin 1 18/10/2010 17/01/2011 10 Weeks Mon & Wed 18.30-21.00 €850.00 €0.00 €0.00 0.00
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