IAB Level 1 Award in Manual Book-keeping

IAB Level 1 Award in Manual Book-keeping

Bookkeepers play a vital role in business and the IAB Level 1 Award in Manual Bookkeeping is the ideal way to get started in a rewarding career. The International Association of Bookkeepers (IAB) is the leading UK professional body solely for bookkeepers, and an IAB bookkeeping qualification will stand you in good stead in a competitive world. The Level 1 Bookkeeping course is the best place to start and prepares you for the Level 2 and Level 3 bookkeeping qualifications

The IAB Level 1 Award in Manual Bookkeeping is a great way to start a career as a bookkeeper. It's accredited by the International Association of Bookkeepers (IAB), the leading UK and international professional body.

It starts with an introduction to bookkeeping, with accounting concepts and basic bookkeeping techniques. You'll learn about the functions of bookkeeping in business, about credit transactions, payment methods and bank reconciliations. You'll become proficient in balancing cash books, processing petty cash receipts and handling the business bank account.

You will complete the Level 1 Bookkeeping course with the skills needed for entry-level bookkeeping jobs role and the knowledge you need to progress to further IAB training.

Entry Requirements

You don't need any previous experience or qualifications to enrol in our Level 1 Award IAB course. That's because we believe in making home study - and a rewarding future - as accessible as possible. However, you will need basic numeracy and literacy skills.

Where will I go from here?

Employers need skilled bookkeepers. This qualification will equip you for an entry-level bookkeeping role, and set you on the path to a successful career in the field. If you choose, you can progress onto further IAB accredited studies, and move up the career ladder.

What will I gain?

On completion, you'll receive the IAB Level 1 Award in Manual Bookkeeping.

Awarding Body

The IAB is the leading UK and international professional body for those providing bookkeeping and related accounting services to small businesses. Through its broad range of Ofqual-accredited qualifications and its CPD activities, the IAB aims to meet an extensive range of financial skills needs of young people and adults and to provide essential business skills for those starting or developing a small business.

Assessment

For your IAB assessment you will be required to complete an assignment which is included in your course material as well as an external exam.

The examination will last two hours and will consist of four sections, with the first three sections containing four hand-written tasks and the final section containing six hand-written tasks.

Your ICS study material contains mock assignment and examination papers for you to complete and pass, along with solutions. If however, you would like to discuss any aspect of your mock exams, please request a tutor call.

What will I get?

Because we're experts in home learning, ICS knows about and offers all the support you need along the way.

You'll receive IAB study materials that have been specially designed for distance learning by experts in your chosen field.

You'll have access to an experienced personal tutor both online and over the phone, ready to help you with guidance and motivation.

You'll also be part of the ICS Online Student Community, where you'll have access to library materials and your account information, as well as vital links with your fellow students, with the chance to discuss your work, ask questions and make new friends.

Study Period

9 months

Hours of study

60 hours

That's equivalent to a little over 1 ½ hours of study a week over the 9-month support period.

Support period

9 months

Course code

M51

Course cost

£399.00

Additional fees

Please note that there are IAB registration and exam fees that are additional to your course fees:

  • IAB registration: £50
  • IAB Exam Fees: £35

 

See your course content

Key Topics

The Functions of Bookkeeping and Accounting

  • Examine the functions of bookkeeping and accounting. Consider the meaning of the terms 'assets', 'capital and liabilities', and 'income and expenditure'. Understand the need for confidentiality in the keeping of financial records.

Simple Value Added Tax (VAT) Calculations

  • Understand the purpose of the VAT scheme and learn how to make simple VAT calculations. Examine the current VAT registration rules and learn who must register for VAT.

Business Documents

  • Examine the function of various business documents that flow between the buyer and seller and are used as the basis of supporting business transactions. Learn how to prepare or check a variety of documents.

Credit Transactions

  • Understand the concept of trading on credit. Learn how to use Purchase Day Books and Sales Day Books, as well as Purchase Returns Day Books and Sales Returns Day Books.

Making and Receiving Payments

  • Examine common methods of making and receiving payment used in business. Understand the importance, in the interests of security, of the need to bank 'monies' regularly. Consider the function of a business Bank Current Account.

The Analysed Cash Book

  • Learn how to process receipts and payments through a columnar/analysed Cash Book. Discover how to balance off the Cash Book and bring down balances.

Bank Reconciliation Statements

  • Examine the purpose of the Bank Reconciliation Statement and discover how to prepare one.

Petty Cash Transactions

  • Understand the form and function of the Petty Cash Book using an Imprest system. Learn how to enter petty cash transactions in a Petty Cash Book, and how to balance off the Petty Cash Book.

You can either pay for your course in full or opt for a monthly payment plan.

Course fee: £399 (excluding discounts)

Or speak to one of our course advisors now for payment plans.

 

Please note that there are IAB registration and exam fees that are additional to your course fees:

  • IAB registration: £50
  • IAB Exam Fees: £35