IAB Level 2 Certificate in Book-Keeping (RQF)

Q4249 - IAB Level 2 Certificate in Manual Book-Keeping (January)

The Level 2 Certificate in Book-Keeping provides the underpinning knowledge and skills necessary for carrying out a range of day to day book -keeping routines and activities using a sub-divided double entry book-keeping system up to trial balance stage.

The qualification will develop your understanding of those transactions which are necessary for the day to day function of a double entry accounting system and for processing of documents and transactions using that system, with an emphasis upon accuracy, integrity and security of data. In order to complete the Level 2, you must achieve Pass grades in two Online Knowledge Tests; two Online Assignments; and one Exam.

The Level 2 Certificate in Book-Keeping qualification is specifically aimed at learners who wish to further their studies of book-keeping and gain a qualification at Level 2 of the regulated qualification framework.

It will also appeal to those learners who already have some practical knowledge and skills and wish to gain an accredited qualification in the subject of book-keeping.

Learners who are considering a career as a self-employed practitioner will find the course invaluable, as will businesses owners who would like to be actively involved in the keeping of financial records for their business, as it gives in -depth coverage of manual book-keeping systems used by businesses.

The IAB have introduced a new rule that affects students wanting to sit IAB exams. If you wish to sit one of their exams you must be a member of the IAB. To help, they have introduced a one year Student membership class. Membership allows you to sit multiple exams during the year and costs just £50.00. As the student membership is associated with the student UCM cannot organise it. This is something that you need to organise with IAB onlinefor yourself. If needed we can help show you as part of the first lesson.

What subjects will I study?

• Principles of book-keeping and VAT

• Understand the basics of book-keeping and book-keeping systems

• Understand terms used by book-keepers

• Recognise source documents and understand their purpose

• Understand the use of a sub-divided book-keeping system

• Understand the basics of the VAT system

• Understand HMRC VAT rules

• Understand the purpose of the VAT control account and the VAT return

• Financial services and payment methods

• Understand the role of banks and building societies

• Understand how businesses use financial services

• Recognise appropriate methods of payment and understand their features

• Understand the need for security measures and procedures for the safe-keeping of cash

• Prepare and check business documents

• Prepare documents to be issued to customers

• Check documents received from suppliers

• Prepare documents to be issued to suppliers

• Prepare a petty cash voucher

• Record transactions in a sub-divided book-keeping system

• Use day books

• Use an analysed cash book

• Use a petty cash book

• Use a journal

• Prepare a trial balance and reconciliations

• Prepare a trial balance

• Prepare control accounts and reconcile control account balances

• Reconcile the bank current account balance

Students that wish to purchase course books from the IAB need to look at their website to view the books but email what they want to orders@iab.org.uk. Do not order books directly through the IAB website as the IOM is considered to be “overseas” and it will reject your order.