Level 2 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 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. They will gain a further insight into both cash and credit business transactions, VAT calculations and other manual routines.

The qualification requires candidates to understand those transactions, which are necessary for the day-to-day function of a double-entry accounting system and for processing of documents and transactions using that system. 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 Computerised Book-keeping and also progress to the IAB Level 3 Diploma in Accounting and Advanced 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 2 hours 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.

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 B2) Book-keeping to Trial Balance
Aims of the Unit

Upon completion of study for this qualification it is intended that the candidate will be able to:
• Understand and apply basic accounting concepts
• Make Value Added Tax (VAT) calculations
• Recognise and use Source Documents
• Demonstrate a knowledge and understanding of payment methods
• Use a sub¬divided Book-Keeping System
• Account for Payroll
• Prepare checking devices, identify and eliminate Book-Keeping Errors
• Prepare a Trial Balance