IAB Level 2 Award in Manual Bookkeeping - QCF
Course
Distance
Description
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Type
Course
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Methodology
Distance Learning
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Class hours
70h
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Duration
12 Months
This course is suitable if you wish to develop bookkeeping skills for your business, your job or keep track of finances. This qualification concentrates on the skills required in financial record keeping and account preparation within the scope of double-entry bookkeeping.
Boost your career opportunities and equip yourself with the skills you need for your long term success with this IAB Level 2 Award in Manual Bookkeeping course.
Course Objectives
Learn how to keep financial records using a double-entry manual bookkeeping system.
Gain a nationally recognised qualification from the International Association of Bookkeepers.
Develop the theoretical and practical knowledge to progress further to computerised bookkeeping and accounts courses.
On successful completion of this course you can apply to become a member of the IAB and use the letters MIAB after your name.
Facilities
Location
Start date
Start date
About this course
Key Topics
The Level 2 in Manual Bookkeeping - QCF course is divided into seven units. The accreditation number, level and credit value of each unit is as follows :
Maintaining Petty Cash Records - R/505/1120 (level 1; 1 credit)*
Principles of VAT - A/505/1094(level 3; 2 credits)
Preparing and Recording Financial Documentation - H/505/1106(level 2; 2 credits)
Maintaining and Reconciling the Cashbook - D/505/1122(level 2; 2 credits)
Maintaining the Journal - H/505/1123(level 2; 2 credits)
Processing Ledger Transactions and Extracting a Trial Balance - M/505/1125(level 2; 2 credits)
Maintaining Control Accounts - K/505/1124(level 2; 1 credit)
* If already covered in level 1 then no need to take the assessment.
No Entry Requirements
IAB Level 2 Award in Manual Bookkeeping (QCF)
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Subjects
- IT
- Bookkeeping
- Manual Bookkeeping
- Financial
- Transactions
- Accounts
Teachers and trainers (1)
Support Advisor
Support Advisor
Course programme
How is the course structured?
The IAB Level 2 Award in Manual Bookkeeping - QCF course is divided into seven units. The accreditation number, level and credit value of each unit is as follows:
Maintaining Petty Cash Records - R/505/1120 (level 1; 1 credit)
- Completing a petty cash voucher
- Maintaining an analysed petty cash book
- Maintaining the petty cash balance
Principles of VAT - A/505/1094(level 3; 2 credits)
- VAT registration requirements and regulations
- Recognise different types of inputs and outputs
- Classification of supplies for VAT purposes
- Reporting requirements for different types of VAT scheme
Preparing and Recording Financial Documentation - H/505/1106(level 2; 2 credits)
- Preparing financial documents for credit customers
- Entering sales invoices and credit notes
- Processing customer payments
- Processing and entering suppliers invoices and credit notes
- Preparing payments to suppliers
Maintaining and Reconciling the Cashbook - D/505/1122(level 2; 2 credits)
- Maintaining a three-column analysed cashbook
- Dealing with discrepancies
- Reconciling a bank statement with a cashbook
- Preparing a bank reconciliation statement
Maintaining the Journal - H/505/1123(level 2; 2 credits)
- Opening a new set of double-entry bookkeeping records
- Using the journal to correct errors disclosed or undisclosed by the trial balance
- Creating and clearing a suspense account using the journal
- Using the journal to record other transactions
- Using the journal to process wage costs
Processing Ledger Transactions and Extracting a Trial Balance - M/505/1125(level 2; 2 credits)
- Process ledger transactions from the books of prime entry
- Transferring data correctly
- Preparing ledger balances and an initial trial balance
Maintaining Control Accounts - K/505/1124(level 2; 1 credit)
- Prepare sales and purchase ledger
- Prepare tax control accounts
- Reconcile sales and purchase ledger
- Reconcile balances on the tax control account
COURSE ASSESSMENT
The Level 2 Award in Manual Bookkeeping is assessed in three parts:
- an online knowledge test,
- three tutor marked assessments,
- and an external examination.
COURSE FEES
Our aim is to provide you with the best deal available, therefore any registration fee, certification fee and full tutor support is included in the course price for you. The enrolment fee for the Bookkeeping home study course is £386.25, though for a limited time we are offering you the opportunity to pay only £309 which is a 20% discount if you enrol online and pay in full.
You can also opt for our Easy Payment Plan and enrol online today by paying a deposit of £77.25 and then 4 equal payments of £77.25 per month. The first instalment is paid about a month after you receive your course.
IAB Level 2 Award in Manual Bookkeeping - QCF