Overview
The qualification is made up of:
1 – Online Knowledge Test
2 – Online Assignments
Key information:
25 GLH (Guided Learning Hours)
50 hours TQT (Total Qualification Time)
Who is this qualification for?
The qualification has been designed to appeal to individuals within the following groups:
- Learners starting their studies in the subject of bookkeeping from a point of no previous knowledge or experience.
- Learners employed at a junior level with some limited basic bookkeeping knowledge and skills, who want to formalise their competence by gaining a recognised accredited qualification in bookkeeping.
- Learners returning to study and/or work after a study or career break.
- Learners considering a change in career.
- Learners considering a career as a self-employed practitioner.
- Owners of a small business wanting an introduction to the function of bookkeeping with a view of keeping financial records for their business.
What you’ll study
Introduction to bookkeeping – T/508/5857
- Understand the basics of double entry bookkeeping
- Understand bookkeeping terms
- Recognise source documents and understand their purpose
- Understand the basics of VAT
- Understand the purpose of the trial balance and petty cash and bank reconciliations
Keep double entry records and prepare a trial balance – A/508/5858
- Use the journal
- Record transactions in a double entry bookkeeping system
- Prepare a trial balance
Prepare reconciliations – F/508/5859
- Reconcile the petty cash balance
- Prepare a bank reconciliation statement
Learning Resources Available
How much will it cost?
For self-study students, (those studying without a training provider) The fee would be £115
This fee covers the following:
- Registration onto the qualification
- All IAB assessment fees (excluding re-sits)
- Certification upon successful completion of all assessments
- Free IAB student membership for 1 year (click here for a list of student benefits)
If you want to find out more about self study please click here
How is it assessed?
This qualification is made up of:
1 – Online Knowledge Test
Online Knowledge tests are a series of independent short answer questions made up of multiple choice, gap fill, and true or false type questions. They are assessed via IABOnline and are open book. This might be taken in class or at home
2 – Online Assignments
Online Assignments are also assessed via IABOnline and are also open book. These are taken in class or at home and are short case study type questions with several tasks for each case study
Self Study Registration
Next Steps After Passing
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