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IAB Level 1 Award in Bookkeeping

IAB Distance Learning Centre of the Year 2023

Course Code

OSC1127

Are you looking to pursue a career in bookkeeping or even further your knowledge in the field? Then this IAB Bookkeeping Level 1 course could be just for you. From the introduction to the process of keeping double-entry records to preparing reconciliations and a trial balance, this may just be your foot in the door to the bookkeeping world.

  • 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 Institute of Accountants and Bookkeepers.
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Course overview

This IAB Bookkeeping Level 1 course provides an excellent knowledge base in bookkeeping and accounting, whilst being ideal for students who want to achieve a career in the field. If you’ve already made a start to life in bookkeeping, this bundle will boost your skills and help you progress in your career. You’ll go from learning to prepare reconciliations to diving into the process of keeping double-entry records.

It is ideal for:

  • Students who want to develop their accounting and bookkeeping knowledge
  • Those aspiring to work or progress their career in accounting, finance, or bookkeeping.

Future career options:

  • Chartered accounting
  • Finance manager
  • Management accounting
  • External auditor
  • Forensic accountant
  • Stockbroker
  • Internal audit
  • Business analyst

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.

Course content

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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.

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

The IAB Bookkeeping Level 1 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 Institute of Accountants and 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

The Institute of Accountants and Bookkeepers (IAB) is a membership organisation and awarding body that provides qualifications in bookkeeping, payroll, and finance all over the world.

By offering flexible, Ofqual-regulated qualifications, they are helping develop students’ journeys from the beginning and throughout their careers. The courses are developed by education professionals, members of the IAB, employers, and other relevant organisations to ensure that all of their qualifications meet the highest industry-approved standards.

RQF Number: 601/9065/6

What next?

Upon completion of the IAB Bookkeeping Level 1 course, you can move up to, and complete, the IAB Bookkeeping Level 2 course.

Q&As

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