Finance: First Levels of Competence - Softcover

Harrison, John

Softcover

ISBN 10: 0273032259 ISBN 13: 9780273032250

Publisher: Financial Times Prentice Hall, 1990

Synopsis

This is a practical activity book designed for students training for employment as accounts or wages clerks, as well as providing a preparation for basic level examination awards such as the BTEC First Unit in Finance; RSA Stage 1 Book-keeping; PEI Elementary and LCC Elementary. In compiling this book the author has taken into account the financial record keeping competences and associated skills and knowledge identified by the Administrative, Business and Commercial Training Group of the Training Agency for the new national vocational qualifications. The author has also included performance checks based on the NVQ performance criteria to assist students in measuring their work against the standards expected for the achievement of competent standards. The reader will note that these stress the importance of accuracy, legibility and speed in the performance of office tasks. The abbreviated answers for self-assessment are provided in Appendix 1 for the first two tasks set in each unit as a further guide to students on the accuracy of their work.

The author has adopted a case-study approach, centering the text and many of the tasks around P Faulkner & Sons, a sole trader engaged in the business of manufacturing and marketing camping equipment. The book is based on the principle that the study of finance/accounts is more realistic when linked with office procedures and, conversely, office procedures are more meaningful when the financial and accounting aspects are understood. The approach seeks to integrate these two important subjects and help students to understand the functions of business documents in supplying data for financial records. There is no doubt that student activities are most effective when realistic business situations are simulated and actual forms and business documents used in the learning situation. 30 blank forms for use with the tasks are, therefore, given in Appendix 2 for this purpose. The tasks are of a practical nature, to give students practice in looking up information from business records, completing business documents and using the data from these sources to prepare ledger accounts and eventually to calculate profit and loss.

Edition details

• Publisher: Financial Times Prentice Hall
• Publication date: 1990
• Language: English
• ISBN 10: 0273032259
• ISBN 13: 9780273032250
• Binding: Paperback
• Number of pages: 192