IAB Level 1 Award in Bookkeeping

Course code: OSC1127
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Course Overview
Course Content
Extra Info
Q&As
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Take the first step to becoming a qualified bookkeeper!

  • Gain a full introduction to double entry bookkeeping, trial balances and bank reconciliations.
  • Learn how to keep double entry records.
  • Understand how to prepare reconciliations.
  • Achieve a nationally recognised qualification from the International Association of Bookkeepers.

Due to the COVID-19 pandemic, we are encouraging learners to select online study as the delivery of study packs is likely to be delayed. For those students who still wish to select study pack, we are providing free e-learning access, where available, to avoid any interruption of study. These students will receive access to our e-learning platform within 24 hours, and their study pack will follow in due course. Students who wish to study online only, are unaffected and will receive their e-learning access within 24 hours.
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Course Overview

All course materials will be delivered to you by post or via email, so it couldn’t be easier. Our experienced and friendly tutors will help you every step of the way by email.

You can work at your own pace. Completed coursework can be delivered by post or via email, so handing in an assignment is simple.

Course Duration

Up to one year.

Study Hours

Approximately 25 hours.

Course Outcome

You will achieve an IAB Level 1 Award in Bookkeeping.

Entry Requirements

There are no specific entry requirements for this course.

Assessment

Knowledge tests and tutor-marked assignments.

Course Content
Unit 1
Introduction to Bookkeeping (T/508/5857)
  • 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
Extra Info

Assessment

A knowledge test and two assignments 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. You will also have to complete a tutor-marked assignment.

Course Duration

This course will take approximately 25 study hours. You can register at any time and will have a full year to complete the course 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 1 Award in Manual Bookkeeping accredited by the International Association of Bookkeepers(IAB). That means that it is a level 1 nationally recognised qualification approved by the regulatory authorities in England (Ofqual), Wales (Welsh Government) and Northern Ireland (CCEA).

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.

RQF Number: 601/9065/6

Q&As

No previous knowledge is necessary, however, it is advised that you already have some basic numeracy skills.

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

* Not included with the online study option

No, everything is included within the cost of the course.

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.

Enrol now

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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