Course Overview

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.

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.

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.