AAT Level 1 – Bookkeeping Fundamentals (BKFN)

Mapped to the AAT Q2022 syllabus | Perfect for self-study or classroom use

Our Bookkeeping Fundamentals study book offers structured, easy-to-follow explanations to help you master key concepts and prepare confidently for your AAT assessments.

This comprehensive guide uses clear language, practical examples, and helpful illustrations to walk you through each topic. It’s ideal for both classroom and independent study.

£21.00

Description

On this unit, you will learn about the role of a bookkeeper, and learn to understand financial transactions. You will learn about processing customer supplier transactions, and the processing of receipts and payments. In addition, you will understand the benefits and risks of using accounting software to complete bookkeeping tasks.

This unit is designed to equip students with a comprehensive understanding of the significance of maintaining accurate and up-to-date financial information in a workplace context. Students will gain insight into the pivotal responsibilities undertaken by bookkeepers, encompassing tasks such as data entry, bank statement reconciliation, managing accounts receivable and accounts payable. Emphasis will be placed on the utility of the data they prepare and the reports they generate for informing business decisions, highlighting the critical importance of timely and precise communication. Additionally, students will be educated on the ethical aspects of financial management, stressing the significance of confidentiality and data protection.

The unit will also delve into foundational theory, teaching students how to discern between various financial elements, including assets, liabilities, income, expenses, capital, and profit or loss. They will grasp the distinctions between cash-based and credit-based trading. Practical skills will be cultivated, enabling students to proficiently process customer and supplier transactions, record receipts and payments in the cash book, and reconcile bank statements by cross-checking amounts. Furthermore, students will be introduced to the fundamental concept of the dual effect of transactions, laying the groundwork for a deeper understanding of double-entry bookkeeping, which will be valuable for those advancing to Level 2 bookkeeping studies.

In addition to theory and practical skills, the unit will address the role of software in modern bookkeeping. Students will explore the advantages and risks associated with different types of accounting software, including cloud-based and traditional systems. The importance of software security will be emphasised, and students will learn proactive measures to safeguard sensitive financial data. Overall, this unit provides a holistic and practical education in bookkeeping, preparing students for the challenges and responsibilities of financial management in the workplace.

Who Is This Book For?

  • Students studying AAT Level 1 Business Skills
  • Anyone preparing for the Business Skills (BKFN) assessment

What You’ll Learn

  • Understand the role of the bookkeeper
  • Understand financial transactions
  • Process customer and supplier transactions
  • Process receipts and payments
  • Understand the benefits and risks of using accounting software to complete bookkeeping
    tasks

What’s Inside

  • Chapter 1: Understand the Role of a Bookkeeper
  • Chapter 2: Understand Financial Transactions
  • Chapter 3: Process Customer and Supplier Transactions
  • Chapter 4: Record sales, purchases and credit notes in the books of prime entry
  • Chapter 5: Process receipts and payments
  • Chapter 6: Understand the benefits and risks of using accounting software
  • Glossary
  • Mock Exam
  • Activity Answers
  • Mock Exam Answers

Practice questions and assessment-style tasks throughout.

What’s Included

  • Printed book (includes a mock exam)
  • Free access to our online portal which includes:
    • Electronic version of your study book
    • Auto-marked assessments – instant feedback
    • 1 additional mock exam in the online portal

Why Choose Accountext Study Materials?

  • Written by experienced AAT tutors who understand how students learn
  • Mapped directly to AAT’s syllabus for the BKFN unit
  • Includes worked examples, real-life scenarios, and practice tasks
  • Easy to follow — ideal for self-study or as a classroom companion
  • Trusted by 5,000+ AAT students across the UK

FAQs

Is this book up to date with the 2022 syllabus?

Yes, it is fully aligned with the AAT Q2022 syllabus for the BKFN unit.

Does it include exam-style practice questions?

Yes — each chapter includes review tasks, with additional end-of-book mock questions to reinforce learning.

Product details

  • Title: AAT Level 1 – Business Skills (BKFN)
  • Author / Publisher: Accountext Publishing
  • Binding Type: Paperback / Spiral-Bound
  • Page Count: 156 pages
  • ISBN: 978-1-8369-0280-5
  • Dimensions: A4 (210 x 297mm)
  • Language: English
  • Format: Print
  • Mapped To: AAT Q2022 Syllabus (BKFN unit)
  • Qualification Level: AAT Level 1 Certificate in Bookkeeping
  • AAT Unit Code: BKFN
  • OfQual Unit Number: F/650/2401

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