1Course Overview

IAB Level 2 Certificate in Bookkeeping

Course code: OSC1135

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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 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
  • Learners that want to boost their skills and progress in their current career

This IAB 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
  • Explore the services offered to businesses by banks and building societies
  • Know how to use a sub-divided bookkeeping system using main books, subsidiary books and books of prime entry 
  • Gain an internationally recognised qualification
Discounts on selected courses - Ends Today
2Course Content

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

Two knowledge tests, two assignments and an examination are used for the purpose of assessing learner competence in this qualification. 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.

Course Duration

This course will take approximately 60 study hours. You can register at any time and will have 12 months to complete the course and 12 months tutor support, from the date of enrolment, 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 Outcome

Upon successful completion of all assessments, you will achieve a Level 2 Certificate in Bookkeeping accredited by the IAB (International Association of Bookkeepers). That means that it is a 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 Number: 601/9061/9

4Q&As

Your Questions Answered

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?

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.

What if I still have questions?

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 Support Team a call on 03300 563 100 and they’ll do their best to help.

Finance options

Provided by
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Your Deposit
Monthly payment:

Deposit to pay:

  • Cash Price:
  • Loan Amount:
  • Loan Repayments:
  • Cost of Loan:
  • Number of Monthly Payments:
  • Total Amount Payable:


The total course fee includes a loan arrangement fee. Your initial deposit payment will be used towards this fee, any remaining fee balance will be added the loan amount.

Provided by

Our finance option is provided in partnership with AffordItNow.
For your finance application to be considered you must meet the following criteria:

  • Be over 18 years old
  • Be employed for at least 16 hours a week or retired and in receipt of a private or company pension. Certain state benefit schemes may also be considered.
  • Be a permanent UK resident with a 3 year address history
  • Have a good credit history with no late payments, debt relief orders or bankruptcies
  • Have a valid email address and can access it

Please note that meeting the above criteria does not guarantee finance acceptance.

Open Study College, 6140 Knights Court, Birmingham Business Park, Birmingham B37 7WY is a licensed credit broker, authorised and regulated by The Financial Conduct Authority (licence number 724179 with FCA).