Learners who complete the qualification successfully will have a comprehensive range of knowledge and skills and will be able to carry out period end bookkeeping routines and also perform tasks of a complex nature that fall within the function of accounting. They will be able to prepare a trial balance, use a suspense account and correct bookkeeping errors. They will also be able to carry out routine period end procedures such as valuing stock and recording a stock valuation in the bookkeeping system, accounting for the acquisition, depreciation and disposal of fixed assets and keeping a fixed asset register, accounting for prepayments and accruals, writing-off bad debts and providing for doubtful debts. Successful completion of the qualification will give learners the skills required to prepare financial statements for a sole trader (trading and profit and loss account and a balance sheet). They will also be able to prepare an extended trial balance, and prepare financial statements for a sole trader from incomplete records. On completing the qualification, learners will have the opportunity to acquire the skills required to prepare financial statements for partnerships and not for profit organisations. Partnership accounting includes accounting for the appropriation of profit generated by a partnership between partners, and accounting for a change in the structure of a partnership. Accounting for not for profit organisations equips learners with the skills to prepare a statement of income and expenditure and a balance sheet from basic records.