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IAB Level 1 Award in Bookkeeping and IAB Level 2 Certificate in Bookkeeping

Open Study College
Course summary
749 GBP
English
Distance
e-learning / Online / Distance

Course description

This IAB bundle is perfect for those wanting to gain an excellent knowledge base in bookkeeping and achieve a nationally recognised qualification to boost their CV. 

Pursue your studies in bookkeeping, from home! 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).

 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 trial 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 trial 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

Why choose Open Study College

Trusted by over 73,000 students

Study from home, at your own pace

Discounts on selected courses

Expenses



Pay Now: GBP 749.00
OR 6 Monthly Instalments of GBP 127.35 with a deposit of GBP
84.90 totalling 849

About provider

Open Study College - First class home learning with a difference!

At Open Study College we exceed in delivering a unique home learning experience! Having helped over 73,000 people improve their skills with a trusted qualification, Open Study College is one of the UK’s largest distance learning colleges. Offering over 500...


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