Kick-start your career in bookkeeping with this three-course bundle!
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 and accounting, this IAB bundle is ideal for:
Students who want to achieve a nationally recognised qualification in bookkeeping and accounting
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 three course bundle enables you to:
Understand everything you need to know about bookkeeping including trial balance, valuing stock, books of prime entry and much more
Know how to gain the skills required to prepare financial statements for a sole trader
Gain a nationally recognised qualification from the International Association of Bookkeepers
Enrol now and receive a £25 gift voucher towards your next course.
IAB Level 1 Award in Bookkeeping:
RQF Number: 601/9065/6
Unit 1: Introduction to bookkeeping
Basic of double entry bookkeeping
Source documents and their purpose
Basics of VAT
Purpose of trail balance and petty cash and bank reconciliations
Unit 2: Keep double entry records and prepare trial balance
Using the journal
Recording transactions in a double entry bookkeeping system
Preparing a trail balance
Unit 3: prepare reconciliations
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)
Analysed cash book
Petty cash book
Unit 5: Prepare a trial balance and reconciliations
(L/508/5864, Unit Level: 2, GLH: 10)
Control accounts and reconcile control account balances
Reconcile the bank current account balance
IAB Level 3 Certificate in Bookkeeping and Accounting:
RQF Number: 601/9058/9
Unit 1: Principles of Accounting
(R/508/5865, Unit Level: 3, GLH: 10)
Purpose of accounting concepts and standards
The qualitative characteristics of financial information
Accounting for a stock valuation
Accounting for fixed assets
Accounting for prepayments and accruals
Accounting for bad and doubtful debts
The purpose of a trial balance and a suspense account
The purpose of financial statements
The purpose of the extended trial balance
The principles of accounting for partnerships
The process of accounting from incomplete records
The principles of accounting for not for profit organisations
Unit 2: Make accounting adjustments
(Y/508/5866, Unit Level: 3, GLH: 25)
Account for a stock valuation
Account for fixed assets
Account for prepayments and accruals
Account for bad and doubtful debts
Unit 3: Prepare financial statements from double entry records for sole traders and partnerships
(D/508/5867, Unit Level: 3, GLH: 25)
Prepare a trial balance and correct errors
Prepare financial statements for a sole trader
Prepare an extended trial balance
Prepare financial statements for a partnership
Unit 4: Prepare financial statements from incomplete records for sole traders and not for profit organisations
(H/508/5868, Unit Level: 3, GLH: 20)
Calculate capital or accumulated funds from incomplete data
Construct accounts and a trial balance from incomplete records
Prepare financial statements from incomplete records
This combined course of bookkeeping qualifications will be assessed via the following methods:
Level 1 – Two assignments
Level 2 – Two assignments and an examination
Level 3 – A knowledge test, two assignments and examination
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.
Completing the three stages of this bundle will take approximately 165 study hours. You can enrol at any time and will have three years to complete this bundle (one year per level).
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.
Upon full completion of the bundle, you will achieve three qualifications:
IAB Level 1 Award in Bookkeeping
IAB Level 2 Certificate in Bookkeeping
IAB Level 3 Certificate in Bookkeeping and Accounting
These courses are accredited by the IAB (the International Association of Bookkeepers). That means that they are nationally recognised qualifications approved by the regulatory authorities in England (Ofqual), Wales (Welsh Government) and Northern Ireland (CCEA).
The International Association of Bookkeepers, or IAB, 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.
course questions & answers
What skills or knowledge do I need to enrol onto this course?
It is recommended that you have suitable work experience when enrolling onto this bundle.
What is included in the cost of my course?
Comprehensive study guide
Past papers and model answers
Dedicated personal tutor support
Dedicated student support
Assignment marking and feedback
Exclusive Open Study College Pen
Student study planner
Three colour highlighter
FREE NUS Extra card worth £12.00
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 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.
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