The CAT® Level 1 exam is fully accredited by the Institute of Certified Bookkeepers UK.
Passers of
this exam can apply for Certified Bookkeeper (CB) qualification.
Module 1: Review of Bookkeeping Skills
 Basic principles of double entry accounting
 Nature and accounting of a merchandising
business and how it differs with a service
business
 Analyze and record transactions in the
accounts such as purchases and sales
 Preparation of chart of accounts for a
merchandising and service business
 Use of T accounts to analyze transactions into
debit and credit parts
 Preparation of trial balance and learn its
purpose
 Understanding matching concept relates to and
supports the accrual basis of accounting
Module 2: Completing the Accounting Cycle
 Adjusting journal entries that will update the
matching process
 The use of worksheet as a useful device for
collecting and summarizing data
 Preparation of the adjusting and closing entries
from a worksheet
 Performing Bank Reconciliation
 The adjusting and closing entries
 Preparation of a post closing trial balance
 Finalizing the multi-step and single-step
income statement, statement of owner's equity
 Balance sheet for a merchandising and service
business
 Completing the accounting cycle
Module 3: Constructive Accounting
 Establishing of Internal Controls to safeguard
assets most specially Cash
 Single entry bookkeeping systems
 Reconstruction of Incomplete records
 Conversion of Cash -basis to accrual
accounting
 Correction of Errors
 Analysis and Interpretation of Financial
Statements
Module 4: Special Journals
 Recording of transactions using sales journal,
cash receipts, purchases journal, cash
payments journal and general journal
 Use of voucher system to control expenditures,
preparation of a voucher and recording in
voucher register
 Use of check register and payment process of
the voucher system
 Use of combination journal especially for
service enterprises
Module 5: Comprehensive Review