IAB Level 2 Award in Manual Book-keeping

IAB Level 2 Award in Manual Book-keeping

Bookkeepers play a vital role in business and the IAB Level 2 Award in Manual Bookkeeping is the second of three steps towards 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 2 Bookkeeping course builds on the skills and knowledge you have gained in Level 1 and prepares you for the Level 3 bookkeeping qualification.

The IAB Level 2 Award in Manual Bookkeeping course builds on the bookkeeping skills and knowledge you have gained in the Level 1 course, and is accredited by the International Association of Bookkeepers (IAB), the leading UK and international professional body.

It takes your study of bookkeeping a step beyond the basic bookkeeping skills you already have. You'll add to your knowledge of manual bookkeeping routines such as making and receiving payments, double entry bookkeeping processes, payroll processing and the preparation of trial balances. You'll gain further insight into cash and credit transactions, VAT calculations and other manual routines.

Whether you are already working in an entry-level bookkeeping job or looking to enter the field, the abilities you'll develop through the level 2 qualification will be highly prized by potential employers. You will also have gained the knowledge you need to progress onto further IAB training.


Entry Requirements

You don't need any previous experience or qualifications to enrol in our IAB courses. That's because we believe in making home study - and a rewarding future - as accessible as possible. However, completion of the IAB Level 1 Award course is preferable, and 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 2 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 one knowledge test and three assignments which are included in your course material as well as an external exam.

The examination will last two hours and thirty minutes and will consist of four hand-written tasks.

Your ICS study material contains mock knowledge test, 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

80 hours

That's equivalent to a little over 2 hours of study a week over the 9-month support period.

Support period

9 months

Course code

M52

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: £65
  • IAB exam fees: £35
See your course content

Key Topics

Basic Accounting Concepts and Bookkeeping Ethics

  • Examine the basic accounting concepts and ethics which underpin the functions of bookkeeping and accounting. Understand double entry bookkeeping 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 Bookkeeping Systems

  • Learn how to process a range of business transactions through a sub-divided bookkeeping 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.

Bookkeeping 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.

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: £65
  • IAB exam fees: £35