Call us:
03300 563100
Basket 0

IAB Manual Bookkeeping Complete

Course Code: OSC1187

Course Overview

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.

Course 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 trail 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 trail 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

     

    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

Other Information

  • Assessment

    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.
    Course Duration

    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).

  • 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.

    Qualification

    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
  • Accreditation
  • Assignment marking and feedback
  • Exclusive Open Study College Pen
  • Student study planner
  • Three colour highlighter
  • Student notebook
  • Document wallet
  • 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.

What do i do if i still have questions?

For further information please contact us.

Similar Courses

  • Separately:
    ?When bought as separate courses by Direct Debit - Call for details - See T&C's
    £1547

Pay up front:£849 Save up to £698 on individual price

Free UK Delivery

Contact Us

Additional discounts available on selected courses until 22nd August

    • Days
    • Hours
    • Minutes
    • Seconds
Phone
Live Chat
Basket 0