IAB Level 1 Award in Bookkeeping

Course Code

OSC1127

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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.

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Study Options	Study Online Study Pack
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Save £1898 when you buy this course as a package

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.

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.

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

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.

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

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

Dedicated personal tutor support
Dedicated student support
Accreditation
Assignment marking and feedback
Comprehensive study guide*
Open Study College pen and highlighter*
Student notebook*
FREE XO Student Discounts membership
FREE CV critique service
FREE employability guide to help you impress future employers

* Not included with the online study option

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.

IAB Level 1 Award in Bookkeeping

Course Code

Save £749 when you buy this course as a package

Save £1898 when you buy this course as a package

Course overview

Course content

Extra info

Q&As

IAB Level 1 Award in Bookkeeping

Course Code

Course overview

Course content

Unit 1 Introduction to Bookkeeping (T/508/5857)

Unit 2 Keep Double Entry Records and Prepare Trial Balance (T/508/5858)

Unit 3 Prepare Reconciliations (T/508/5859)

Extra info

Q&As

What skills or knowledge do you need to enrol on to this course?

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