Recording Financial Transactions SCQF Level 6

Learn how to record financial transactions safely and securely.


Why take this course?

This Unit is designed to provide you with the necessary skills to record financial transactions, whilst developing your book-keeping abilities. 

For further information on this course, please visit the SQA website.

Credit points and level: 1 HN credit at SCQF level 6: (8 SCQF credit points at SCQF level 6)

What you will experience

You will explore book-keeping and the UK VAT scheme, whilst developing a good understanding of the basic principles of double entry book-keeping through introducing you to the books of original entry. You will then carry out double entry by posting transactions to the ledger accounts for assets, liabilities, income and expenses and use balances from these to prepare a trial balance. The Unit will also help you understand the principles of the UK VAT scheme and how to complete a basic VAT return form. Each of these areas is the subject of a separate outcome:

  • Record sole trader business transactions in books of original entry
  • Post business transactions to ledger accounts using the principles of double entry book-keeping and prepare a trial balance.
  • Complete a VAT return

This Unit is assessed through three separate assessments. In order to complete the unit successfully, you will be required to perform at a satisfactory level in all assessed work. 

Student writing

Key facts

Mode of study
Distance Learning
Method of study

This course requires you to manage your workload independently, and will involve attendance at a campus or centre - often for assessment purposes only.

Entry requirements

You should be competent in numeracy and communication at SCQF Level 5, or have similar qualifications/experience.

What you will need

Students are responsible for securing any unit resources listed.

What you need to know

Additional costs

This course involves an additional SQA fee. Please see our Courses Explained page for further information on costs.

Anything else?

Please note that fee waivers may apply. Find out more about funding for part-time courses.

Next steps




This course requires some attendance at College, often for assessment purposes only. Please enquire about expectations for your specific course when booking.

Attendance is usually at the Aberdeen City Campus or Fraserburgh Campus.

Pre-entry guidance is required prior to booking a place on this course. Please contact Brenda Bryce, Distance Learning Co-ordinator by email or on 01346 506014 in the first instance for more information. When submitting your distance learning application form, please ensure you attach the additional information sheet listing qualifications and previous knowledge with your application. You may be required to attend College for assessment. Please check if this is a requirement for your course.

Duration Fees* Code
40 Hours over 6 Months £125.00
Paper applications only

Paper applications

You must submit a paper application form for this course and return it to us completed and signed.

Completed forms should be returned to the following freepost address:

The Student Information & Admissions Manager
North East Scotland College
Aberdeen City Campus

Should you have any problems with your application, please contact the Student Advice Centre:

Telephone: 01224 612330

If you take up a place on a College course, at the start of the course you will be asked to sign an enrolment form. In signing the form and/or taking up a place on a College course, you will enter into a contract with the College and be bound by the North East Scotland College Standard Terms and Conditions of Study. Copies of the Terms and Conditions are available for inspection on notice boards and at various locations throughout the College, at the College Reception, on the College website:, or can be obtained on request from the Student Funding and Admissions Manager, North East Scotland College, Aberdeen City Campus, Gallowgate, Aberdeen AB25 1BN. Please note that courses are offered subject to (a) there being sufficient numbers of enrolments and (b) the availability of resources. The College reserves its right (i) not to run courses where the number of students is considered insufficient or where resources are unavailable and (ii) in certain circumstances, to refuse admission to an individual applicant.