A sound knowledge of financial accounting and business underpins many of the learning outcomes and skills required for the ATHE Diploma in Accounting level 3. It is essential knowledge that will be assessed to pass this unit.

It is essential that each element is covered in class and students fully understand the various concepts in order to build upon this foundation knowledge in later lessons, following units and future levels.

Introduction to Accounting Principles
Unit aims The aim of this unit is to develop an understanding of accounting principles and information systems. Learners will develop practical bookkeeping skills and understand how to prepare double entry ledger accounts from first principles.
Unit level Level 3
Unit code M/618/4154
GLH 50 hours
Credit value 10
Unit grading structure Pass, Merit and Distinction
Assessment guidance In order to achieve this unit, learners must produce work which demonstrates achievement of the learning outcomes at the standards provided by the assessment criteria.
Learning outcomes

The learner will:

Assessment criteria The learner can:
Pass Merit Distinction
1. Be able to use the accounting equation 1.1   Explain the accounting equation.

1.2   Use the accounting equation to calculate  assets, liabilities or capital.

2. Understand accounting policies, principles and concepts 2.1   Differentiate between the accounting terms: policies, principles and concepts.

2.2   Explain key accounting policies, principles and concepts.


Analyse the need for organisations to use consistent policies, principles and concepts.


Evaluate the benefits of an organisation following Internationally set accounting policies, principles and concepts.

3. Be able to prepare ledger accounts using double-entry accounting principles 3.1   Outline the double-entry    bookkeeping system.

3.2   Process accounting data using the double-entry bookkeeping system.

3.3   Prepare ledger accounts for a specific organisation.


Analyse the usefulness of the double-entry bookkeeping system.


Evaluate the benefits and drawbacks of using the double-entry bookkeeping system.

4. Be able to prepare a trial balance 4.1  Explain the content of a trial balance.

4.2  Explain the purpose of a trial balance.

4.3  Prepare a trial balance for a specific organisation.

4.4  Explain how a trial balance may identify errors made in the accounting process.

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Lesson Content ATHE Qualifications

Assessments ATHE Qualification