Book-keeping: IAB Level 2 Certificate
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You’ll have the opportunity to gain knowledge of manual book-keeping routines concerning the documentation and processes related to making and receiving payments, entry of transactions into the double-entry book-keeping system and preparation of a Trial Balance. Gain a further insight into both cash and credit business transactions, VAT calculations and other manual routines.
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Further Details
Pre-requisites
No previous experience required to access this course.
Qualification
IAB Level 2 Certificate in Book-keeping
Support and benefits
Access to a dedicated tutor and student advisors to guide you through your studies
Professionally developed study units
Key topics
Basic Accounting Concepts and Book-keeping Ethics
Examine the basic accounting concepts and ethics which underpin the functions of book-keeping and accounting. Understand double entry book-keeping terms and processes. Consider the need for security and confidentiality in the keeping of financial records.
Value Added Tax (VAT) calculations
Understand the workings of VAT and learn how to make a wide variety of VAT calculations.
Source Documents
Understand the requirement of documenting business transactions. Consider the functions of a variety of source documents used in business. Learn how to prepare and present source documents in accordance to organisational procedures.
Payment Methods
Examine a wide variety of appropriate methods of making and receiving payments.
Sub-divided Book-keeping Systems
Learn how to process a range of business transactions through a sub-divided book-keeping system. Explore the advantages and disadvantages of batch processing and real time processing. Examine the use of the journal and learn how to record receipts and payments in a columnar Cash Book. Consider the use of a Petty Cash Book.
Payroll
Understand the purpose of the payroll and learn how to process transactions relating to the cost of employment.
Book-keeping errors
Understand the need for reliable error free financial information. Learn how to prepare checking devices and how to identify and eliminate errors. Discover how to reconcile the Cash and Bank Account balances. Explore the preparation of Purchase Ledger Control and Sales Ledger Control Accounts.
Trial Balances
Understand the form and function of the trial balance, and learn how to prepare a trial balance.
Course Code
M22
Hours of study
9 months / 80 hours
Technical requirements and fees
Exam fees are additional to your course fees.
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Outline
Your study materials contain mock examination papers for you to complete, along with solutions. If however, you would like to discuss any aspect of your mock exams, please request a tutor call.
Assessment Breakdown
For your actual IAB assessment you’ll be required to sit an exam that will last two hours and will consist of four hand-written tasks.
Notes
The pass mark for the exam is 55%.
The exam fee is additional to your course fee.
The format of the exam is subject to change. The details provided are intended only as a guide and should not be regarded as definitive.
Information provided is for information purposes only and no guarantees are made with regards to accuracy. It is advised that all details are checked prior to making a booking. Contents © 1999 - 2012. All rights reserved.
