IAB Level 1 Award in Bookkeeping and IAB Level 2 Certificate in Bookkeeping

Course code: OSC1136

Pursue your career in bookkeeping, from home!

  • 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.
This course is only available as a study pack.
Course overview

As well as providing an excellent knowledge base in bookkeeping, this IAB course is ideal for students who want to achieve a nationally recognised qualification in bookkeeping, those aspiring to achieve a career in bookkeeping and accounts or learners that want to boost their skills and progress in their current career.

Course Duration

Up to 2 years.

Course Outcome

You will receive a Level 1 Award in Bookkeeping and a Level 2 Certificate in Bookkeeping accredited by the IAB (International Association of Bookkeepers).

Entry Requirements

There are no specific entry requirements for this course.


A mixture of tutor-marked assignments, online tests and examinations.

Course content

IAB Level 1 Award in Bookkeeping

  • Basics of double entry bookkeeping
  • Bookkeeping terms
  • Source documents and their purpose
  • Basics of VAT
  • Purpose of trail balance and petty cash and bank reconciliations
  • Using the journal
  • Recording transactions in a double entry bookkeeping system
  • Preparing a trail balance
  • Reconcile the petty cash balance
  • Prepare a bank reconciliation statement

IAB Level 2 Certificate in Bookkeeping

  • 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
  • Role of banks and building societies
  • How businesses use financial services
  • Methods of payment and their features
  • Security measures and procedures for the safekeeping of cash
  • Prepare documents to be issued to customers
  • Checking documents received from suppliers
  • Preparing documents to be issued to suppliers
  • Preparing a petty cash voucher
  • Day books
  • Analysed cash book
  • Petty cash book
  • Journal
  • Trial balance
  • Control accounts and reconcile control account balances
  • Reconcile the bank current account balance
Extra info


During this course, you will complete a number of tutor-marked assignments in preparation for your official assessments.

For the Level 1 Award in Bookkeeping, as part of your official assessment, you will complete 3 online knowledge tests. For the Level 2 Certificate in Bookkeeping, as part of your official assessment, you will complete two online knowledge tests, two online assignments and an examination.

All online knowledge tests and assignments for this course are completed using the IAB online testing platform and are subject to a time constraint. Your external IAB examination will be completed under controlled conditions at an external venue. You will be responsible for booking and paying for this exam but we can assist in finding a venue.

Course Duration

Once enrolled, you can start at any time and 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 course 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 Outcomes

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 International Association of Bookkeepers (IAB).

Awarding Body

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.

This course is nationally recognised qualification approved by the regulatory authorities in England (Ofqual), Wales (Welsh Government) and Northern Ireland (CCEA).


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. Prior knowledge of bookkeeping terminology and the skill to perform some basic bookkeeping tasks is also desirable.

  • Dedicated personal tutor support
  • Dedicated student support
  • Assignment marking and feedback
  • IAB registration fee
  • FREE CV critique service
  • FREE employability guide to help you impress future employers
  • FREE XO Student Discounts card
  • Comprehensive study guide
  • Open Study College pen and highlighter
  • Student study planner
  • Student notebook
  • Document wallet

It is your responsibility to pay for your external IAB examination. We are able to assist in finding a venue.

It's not a problem. We offer a course replacement service, so if you get into trouble and your course pack is lost or damaged, our Student Support Team can provide you with a new set of materials for a one-time additional fee.

That's not a problem. We want to make sure you’re 100% confident about enrolling on the course and starting your study. So, just give our Student Adviser Team a call on 03300 563 100 and they’ll do their best to help.

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If you are interested in and you’re looking for a more flexible approach to learning that fits around your life - this is the ideal course for you. Enrol online today by clicking below or speak to one of our advisers for more information.

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