Learners who complete the qualification successfully will have a comprehensive range of knowledge and practical skills and will be able to apply as a bookkeeper in a variety of job roles. They will have a knowledge and understanding of the services offered to businesses by banks and building societies and methods by which businesses make and receive payment. They will also have the skills required to prepare, check and use the source documents from which business transactions are processed. They will develop skills that will enable them to classify income and expenditure and manually record cash, credit and receipt and payment transactions in a sub-divided bookkeeping system using main books, subsidiary books and books of prime entry. They will acquire the skills to be able to check the accuracy of their work and identify errors in the bookkeeping system by preparing a trial balance, sales and purchase ledger control accounts and bank and cash reconciliations. They will also be able to correct bookkeeping errors and redraft a trial balance following the correction of errors. Successful completion of the qualification will give learners a knowledge of the types of Business entity which operate in the private sector of the UK economy, an understanding of how private sector entities are owned and controlled, and how business ownership affects the personal financial liability of a business’s owner(s). On completing the qualification, learners will have progressed to the stage whereby they have an understanding of how the VAT system operates, the skill to calculate VAT, keep a VAT control account and prepare a VAT reconciliation.