Entry Requirements
No specific entry requirements are needed for this level. Applicants will be required to sit for a level check to determine the appropriate course level.
Duration
30-week course with 3 contact hours per week.
Learning Outcomes
Expected learning outcomes for this course inlcude:
Knowledge
• Identify the steps needed to complete simple tasks and activities in familiar environments such as the recording of simple accounting transactions in appropriate Daybooks and Ledgers, balance off double entry accounts, prepare a Trial Balance and produce a simple set of Financial Statements.
• List basic tasks and instructions related to the checking of the accuracy of accounting books, with special reference to the correction of errors and the reconciliation of bank statements.
• List accounting terminology.
Skills
• Follow instructions and completes repetitive simple bookkeeping tasks in familiar contexts and under a quality controlled system by being able to record financial information utilizing double entry principles and organize the work presented in a logical, coherent and methodical manner, utilizing a system of source documents, day books, ledgers, financial statements and finally the proofing of such documents.
• Record accounting transactions in a double entry fashion.
• Use the different accounting terms in simple contexts.
• Apply the accounting procedures applicable to a Sole Trader.
• Present basic accounting information in familiar repetitive tasks, primarily to the owner of the firm, and also to other interested and authorized third parties.
• Communicate financial data to the entrepreneur in order to enhance business decisions and to authorized third parties, as required, in a clear and logical manner.
• Express procedures for Sole Traders through a variety of simple exercises and accounting contexts.
• Analyse the success criteria for simple and repetitive accounting tasks.
• Assess and ensures that assigned tasks have been completed effectively.
• Choose the adequate accounting transactions and understands their implications.
• Extracts relevant information from financial data.
• Study by following basic accounting textbooks.
• Undertake simple repetitive and familiar tasks such as posting accounting transactions in appropriate Journals and Ledgers; balancing off accounts of a repetitive nature; producing a set of Financial Statements from a determined set of values; correcting standard accounting errors; reconciling the firm’s Cashbook to a simple Bank Statement.
Competences
• Carry out simple bookkeeping and accounting tasks and exercises with limited autonomy through the progressive build-up of an accounting system and monitors each stage by exercising self-check methods;
• Perform the necessary calculations and produces a simple accounting system such as to be able to produce the end-of-year financial statements of a Sole Trader.
• Monitor that the work is carried out accurately by participating in simple accounting tasks and by taking basic responsibility for such actions.
• Carry out accounting activities under guidance and with the provision of a clear set of instructions and within simple defined timeframes.
Delivery Method
Face-to-face or online lessons
Certification/Award
Certificate issued by MATSEC
Progression to Further Education
After successfully completing this course, learners may continue studying the subject or pursue related pathways at tertiary level.
Additional Note
“This is a revision course for learners sitting for the MATSEC Advanced Level examination. The educator is therefore not required to deliver the entire syllabus issued by the MATSEC Examinations Board. https://www.um.edu.mt/matsec/syllabi
“
Exam
Register through the MATSEC website
Language of Instruction
Bilingual