Course Overview

Various scenarios are covered including the preparation of Financial Statements for non-profit making organisations and from a set of incomplete records.  Learn how to eliminate errors, use a Suspense Account, and calculations relating to stock, prepayments, accruals and bad debts. Appreciation of the importance of accuracy, integrity and security of data will become second nature to you.

Pre-requisites

No previous experience is required to access this course. It is recommended that you have already achieved the IAB Level 2 Certificate in Book-keeping or have relevant experience in book-keeping.

Qualification

IAB Level 3 Diploma in Accounting & Advanced Book-keeping

Support and benefits

•  This qualification allows you to apply to the Association to become a member and use the letters MIAB after your name, offering you a wider choice of career opportunities
•  Access to a dedicated ICS tutor to mentor and motivate you throughout
•  Professionally developed study units
  

Course Code

M23

Key topics

• Suspense Account
• Trading Account, Profit & Loss Account & Balance Sheet
• Accounting Concepts & Policies
• Income & Expenditure
• Financial Statements, Trial Balance & Adjustments Relating to Stock
  

Hours of study

9 months / 80 hours

Technical requirements

Exam fees are additional to your course fees.

Assessment

To qualify for the Level 3 Diploma you’ll need to successfully complete two 2-hour exams.