Level 1 Certificate In Book-keeping

Introduction

The overall aim of this qualification is to accredit candidates' knowledge and understanding of the fundamental principles concerned in the use of a manual accounting system.

Within the qualification, candidates have the opportunity to gain knowledge of basic manual book-keeping routines concerning the documentation and processes related to making and receiving payments. They will gain an initial insight into both cash and credit business transactions, VAT and other manual routines.

The qualification requires candidates to understand those transactions, which are necessary for the day-to-day function of an accounting system and for processing of simple documents. Accuracy, integrity and security of data should always be uppermost in the candidates mind.

Candidates may use this qualification as the basis of further study of manual systems and use it as underpinning knowledge for the study of the IAB Level 2 Certificate in Book-keeping and also progress to the IAB Level 1 Certificate in Computerised Book-keeping.

To be awarded the full qualification, candidates are required to successfully demonstrate their competence by means of an external examination. It will also provide progression to the NVQs in Accounting at Levels 2, 3 and 4. Candidates will receive acknowledgement of successful completion of the qualification.

Examination Specification:

The Examination of this qualification will take the form of a formal, externally marked, examination of 1 hour 30 minutes duration. The examination may take place on set examination dates throughout the year or by an ‘on-demand' sitting with eight weeks notice being given to the IAB.-

Questions are to be drawn from the main topic areas (Assessment Criteria An Answer Book will be provided giving some ‘dummy documents' for the candidates' use. Some of the transactions will be presented in a ‘dummy document' or ‘business transaction' format.

Candidates will be required to complete four Tasks from the five presented within the Answer Booklet provided

Course Content

Single Unit Title: (IAB Code B1) Keeping Simple Financial Records
Aims of the Unit

Upon completion of study for this qualification it is intended that the candidate will be able to:

• Understand the Functions of Book-Keeping and Accounting
• Make simple Value Added Tax (VAT) calculations
• Prepare and check business documents
• Process and Record Credit Transactions
• Make and Receive Payments through a Bank Current Account
• Process Receipts and Payments through the Analysed Cash Book
• Prepare a Bank Reconciliation Statement
• Process Petty Cash Transactions

Homestudy Courses Offered

This informal way of delivering skills training often appeals to candidates who have heavy personal commitments, people who feel that they cannot attend college on a regular basis, or at the hours that are dictated. . It is good option for anyone who needs flexibility in his or her learning particularly parents with difficulty in arranging childcare. It is good option for someone who is in a job and cannot spare the time to go to college during the day.

We will provide Candidates with:

• Telephone help line to a tutor to seek help when needed
• Regular telephone contact from tutor to student to check progress.
• Where necessary, tutorial workshop at the time and the place suitable to each candidate. (example, candidate's local community Centre, Library or at our Training Centre)
• Well structured, high-quality, up-to-date course materials.