Students completing this qualification will develop an understanding of how different organisations operate, across both the public and private sectors as well as an understanding of the role of the bookkeeper, including the need to produce timely and accurate work and to follow ethical principles. Students will learn underpinning theory including how to identify assets, liabilities, income, expenses, capital profit or loss, and the differences between trading for cash and trading on credit. They will learn how to contribute effectively in the workplace by working with others, managing their time, behaving professionally and maintaining the security of data. Students will also gain an understanding of how businesses process sales and purchases and the documentation and procedures used to move goods and services between businesses. Studying this qualification will also equip students with the basic numerical skills needed in the workplace, and life outside work. These numerical skills range from simple calculations that are used most often in business to working with decimals, percentages and fractions, and applying proportions and ratios. Students will be introduced to the dual effect of transactions. This is a fundamental underpinning concept for double-entry bookkeeping and will support students who go on to study bookkeeping at Level 2. Students will also learn tools and techniques to enhance the presentation of numerical data.