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.

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Study Options	This course is only available as a study pack.
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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.

Assessment

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

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

Assessment

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 your exams, but we can assist in finding a venue.

Please note, you must purchase IAB student membership in order to book your IAB exams – please see the Q&As section for more information.

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
FREE CV critique service
FREE employability guide to help you impress future employers
FREE XO Student Discounts membership
Comprehensive study guide
Open Study College pen and highlighter
Student notebook

From 1^st January 2022, all IAB students will be required to register for student membership via the IAB website. The annual membership fee is £50. Once you have registered, you will receive an e-certificate indicating that you are a member of the IAB and the date your membership is valid until.

Becoming an IAB member will give you access to a range of benefits such as networking events, copies of the quarterly The Bookkeeper magazine, and a dedicated student area on their website.

Please note that to enable you to book your IAB exams, you must purchase the membership and register as a student member.

For more information on membership, benefits, and exam fees, go to the IAB website.

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.