AWARD IN BUSINESS FINANCE AND ACCOUNTING (MQF LEVEL 3)

Overview

This Award enables individuals to develop a theoretical understanding, alongside practical abilities of a variety of business disciplines at all levels of the business structure. This Award is ideal for anyone wanting to broaden their understanding of business as a whole or those seeking to develop specific workplace skills.

Accounting and Finance studies are a popular choice for students looking to move directly into a career in professional accountancy as well as those whose ambitions lie in broader business management. Through the acquisition of compressive quantitive, computational and analytical skills, you will be positioned and qualified to continue into specialized and professional qualifications or to tale the first steps in your finance or accounting career.

Summary of units being studied

Computerised Accounts (Sage) Software
This subject is the practical component of this course where it enable learners to carry out every day operational aspects of computerized accounts. These include processing accounting transactions, producing customer and supplier documentation and producing reports such as agreed creditor analysis and sales day book summaries for management purposes.

Business Finance
Business Finance is ideal for those with a basic qualification in numeracy who wish to advance to supervisory level in a wide range of organisations. This qualification may also be used as a basis for further education in accounting and management.

To earn this qualification, you must complete a range of mandatory and optional units, including:

  • Know How to Prepare Budgets
  • Budget Deviations and Variances
  • Understand Know How a Business May Maintain Liquidity

Book Keeping and Accounts
This is to further develop the introductory book-keeping practices, adjust ledger accounts to take account of activities at the trial balance date which affect the production of ab accurate trading, profit and loss account and balance sheet. Candidates will:

Check and correct errors arising from inaccurate/incomplete/missing entries in the ledger and day books

  • Provide for depreciation of fixed assets using ledger accounts
  • Account for accruals, prepayments, bad debts and provide for doubtful debts
  • Prepare individual accounts in purchase and sales ledgers
  • Prepare purchase ledger control accounts and sales ledger control accounts
  • Preparation of statement of profit & loss and statement of financial position

Entry Requirements

There are no formal entry requirements for candidates undertaking this qualification but a good knowledge of English is mandatory.

Qualification

After successfully passing all exams student will have achieved 16 credits in total. This qualification is recognized by the Malta Qualification Council as MQF Level 3.

Intakes

  • February 2020
  • April 2020
  • June 2020
  • August 2020
  • October 2020

Course Duration

24 weeks