Level 1 Award in Computerised Bookkeeping 601/9050/4

The Level 1 Award in Computerised Bookkeeping qualification is specifically aimed at learners who wish to begin their studies of computerised accounting and gain entry to a Level 1 qualification within the regulated qualification framework.

The qualification has been designed to appeal to individuals within the following groups:

• Learners starting their studies in the subject of computerised accounting from a point of no previous knowledge or experience.
• Learners employed at a junior level with some limited basic accounting knowledge and skills who want to formalise their competence by gaining a recognised accredited qualification in computerised 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 small businesses wanting an introduction to the function of computerised accounting so that they can personally keep computerised records for their business.

This qualification is made up of the following units:

Introduction to computerised accounting – D/508/5836

• Understand the basics of computerised accounting
• Understand accounting terms
• Recognise source documents
• Understand the basics of the VAT system

Set up a computerised accounting system and process data – Y/508/5849

• Set up a computerised accounting system
• Process credit based transactions
• Process cash sales and sundry income
• Process receipts from credit customers
• Process payments to credit suppliers
• Process payments through the bank current account
• Process petty cash transactions
• Reconcile the balance on the bank current account
• Generate reports

Student’s studying or wanting to study through a training provider, (classroom based or distance learning) should contact potential training providers to get an idea of the total cost for the qualification. As the majority of the training providers will include the IAB registration fees into their own fee.

For self-study students, (those studying without a training provider) The fee would be £105

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

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

1 – Online Assignment

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

Upon successful completion of this qualification you could move onto one of the following:

• Level 1 Award in Bookkeeping 601/9065/6
• Level 2 Certificate in Computerised Bookkeeping 601/9052/8