1Course Overview
IAB Level 1 Award in Bookkeeping and IAB Level 2 Certificate in Bookkeeping
Course code: OSC1136
Pursue your studies in bookkeeping, from home!
This course is accredited by the IAB (International Association of Bookkeepers). IAB qualifications are developed by education professionals, members of the IAB, employers and other relevant organisations to ensure that their courses meet the highest industry-approved standards. This course is nationally recognised qualification approved by the regulatory authorities in England (Ofqual), Wales (Welsh Government) and Northern Ireland (CCEA).
As well as providing an excellent knowledge base in bookkeeping, this IAB bundle is ideal for:
- Students who want to achieve a nationally recognised qualification in bookkeeping
- Those aspiring to achieve a career in bookkeeping and accounts
- Learners that want to boost their skills and progress in their current career
This IAB Level 1 Award and Level 2 Certificate in Bookkeeping course enables you to:
- Understand the types of business entity which operate in the private sector of the UK economy
- Become competent in all basic bookkeeping routines and activities
- Know how to use a sub-divided bookkeeping system using main books, subsidiary books and books of prime entry
- Gain an internationally recognised qualification
2Course Content
IAB Level 1 Award
in Bookkeeping:
RQF Number: 601/9065/6
Unit 1: Introduction to Bookkeeping
T/508/5857
- Basic of double entry bookkeeping
- Bookkeeping terms
- Source documents and their purpose
- Basics of VAT
- Purpose of trial balance and petty cash and bank reconciliations
Unit 2: Keep Double Entry Records and Prepare Trial Balance
A/508/5858
- Using the journal
- Recording transactions in a double entry bookkeeping system
- Preparing a trial balance
Unit 3: Prepare Reconciliations
F/508/5859
- Reconcile the petty cash balance
- Preparing a bank reconciliation statement
IAB Level 2 Certificate
in Bookkeeping:
RQF Number: 601/9061/9
Unit 1: Principles of Bookkeeping and VAT
(T/508/5860, Unit Level: 2, GLH: 8)
- Basics of bookkeeping and bookkeeping systems
- Terms used by bookkeepers
- Source documents and their purpose
- Sub-divided bookkeeping system
- Basics of the VAT system
- HMRC VAT rules
- VAT control account and VAT return
Unit 2: Financial Services and Payment Methods
(A/508/5861, Unit Level: 2, GLH: 4)
- Role of banks and building societies
- How businesses use financial services
- Methods of payment and their features
- Security measures and procedures for the safe-keeping of cash
Unit 3: Prepare and Check Business Documents
(F/508/5862, Unit Level: 2, GLH: 8)
- Prepare documents to be issued to customers
- Checking documents received from suppliers
- Preparing documents to be issued to suppliers
- Preparing a petty cash voucher
Unit 4: Record Transactions in a Sub-Divided Bookkeeping System
(J/508/5863, Unit Level: 2, GLH: 20)
- Day books
- Analysed cash book
- Petty cash book
- Journal
Unit 5: Prepare a Trial Balance and Reconciliations
(L/508/5864, Unit Level: 2, GLH: 10)
- Trial balance
- Control accounts and reconcile control account balances
- Reconcile the bank current account balance
3Other Information
Assessment
Three knowledge tests, four assignments and an examination are used for the purpose of assessing learner competence in these qualifications. The assessments for this course are completed online using the IAB Online testing platform and are subject to a time constraint. The IAB examinations must be completed under controlled conditions. You will also have to complete a tutor marked assignment.
Course Duration
This bundle will take approximately 85 study hours. You can register at any time and will have 24 months to complete this bundle (12 months for each level). You will also receive 12 months tutor support for each level, so you can work at your own pace.
Study Method
This bundle is designed for study by distance learning at home or at work. You will receive a course pack containing all study materials, as well as support and assignment marking from a personal tutor.
Course Outcome
Upon successful completion of all assessments, you will achieve a Level 1 Award in Bookkeeping and a Level 2 Certificate in Bookkeeping accredited by the IAB (International Association of Bookkeepers). That means that it is a Level 1 and Level 2 nationally recognised qualification approved by the regulatory authorities in England (Ofqual), Wales (Welsh Government) and Northern Ireland (CCEA).
IAB stands for the International Association of Bookkeepers, which is an awarding body of qualifications and a professional association for qualified bookkeepers. IAB qualifications are developed by education professionals, members of the IAB, employers and other relevant organisations to ensure that their courses meet the highest industry-approved standards.
RQF Numbers for these bundles: 601/9061/9 and 601/9065/6
4Q&As
Course Questions & Answers
What skills or knowledge do you need to enrol onto this course?
There are no formal entry requirements needed to enrol onto this course. However, it is recommended that you have basic skills in numeracy and literacy. A prior knowledge of bookkeeping terminology and the skill to perform some basic bookkeeping tasks is also desirable.
What is included in the cost of my course?
- Comprehensive study guide
- Dedicated personal tutor support
- Dedicated student support
- Accreditation
- Assignment marking and feedback
- Exclusive Open Study College Pen
- Student study planner
- Three colour highlighter
- Student notebook
- Document wallet
- FREE CV writing service
Are there any additional costs?
You will need to pay an additional fee to become registered with IAB for your chosen course and to become a student member. It is also your responsibility to pay for all IAB exams and assessment venues.
What happens if I lose my course pack?
We offer a course replacement service which ensures that, if your course pack is lost or damaged throughout the duration of your studies, we can issue you with a new set of materials for a one-time additional fee. This is available by calling our Student Support team on 03300 563100.
What do i do if i still have questions?
For further information please contact us.
