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

This IAB Bookkeeping Levels 1 and 2 course bundle 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 carrying out a range of day-to-day bookkeeping routines and activities. 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.

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

Course Content

IAB Level 1 Award in Bookkeeping

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

• Basics 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 (T/508/5858)

• Using the journal
• Recording transactions in a double-entry bookkeeping system
• Preparing a trial balance

Unit 3 Prepare reconciliations (T/508/5859)

• Reconcile the petty cash balance
• Prepare a bank reconciliation statement

Unit 1 Principles of bookkeeping and VAT

• 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

• Role of banks and building societies
• How businesses use financial services
• Methods of payment and their features
• Security measures and procedures for the safekeeping of cash

Unit 3 Prepare and check business documents

• 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

• Day books
• Analysed cash book
• Petty cash book
• Journal

Unit 5 Prepare a trial balance and reconciliations

• Trial balance
• Control accounts and reconcile control account balances
• Reconcile the bank current account balance