Overview
The qualification is made up of:
3 – Online Knowledge Tests
1 – Assignment
Key information:
104 GLH (Guided Learning Hours)
228 hours TQT (Total Qualification Time)
Who is this qualification for?
Owners of small businesses may also find the qualification useful as it gives coverage of the basic use of Sage software suitable for the preparation of accounts for a small or medium sized business.
What you’ll study
Principles of computerised accounting, ethics and VAT – A/616/7356
- Understand the need for bookkeepers to act ethically
- Understand the need to maintain a healthy and safe working environment
- Understand the requirements of the money laundering regulations
- Understand the basics of computerised accounting system
- Understand terms used in accounting
- Recognise source documents and understand their purpose
- Understand the basics of the VAT system
- Understand HMRC VAT rules
- Understand the purpose of VAT accounts and the VAT return
Financial services and payment methods – A/508/5861
- Understand the role of banks and building societies
- Understand how businesses use financial services
- Identify appropriate methods of payment and understand their features
- Understand the need for security measures and procedures for the safe-keeping of cash
Basic principles of costing – L/616/7359
- Understand the function of cost accounting
- Recognise the component parts of a cost recording system
Use a computerised accounting system – R/508/6627
- Set up a computerised accounting system
- Generate and use source documents
- Account for cash sales and sundry income
- Process customer receipts and refunds
- Process supplier payments and refunds
- Process payments through the bank current account
- Process petty cash transactions
- Reconcile the balance on the bank current account
- Prepare and post journal entries
- Generate reports
Learning Resources Available
- 1 study textbook covering the knowledge side of the qualification
- 1 study textbook covering the skills side of the qualification
- A Sage 50 disk (time-limited) suitable for windows operating systems. Please check compatibility before you buy.
How much will it cost?
For self-study students, (those studying without a training provider) The fee would be £258
This fee covers the following:
- Registration onto the qualification
- All IAB assessment fees (excluding re-sits)
- Certification upon successful completion of all assessments
- Learning resources listed above
- 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:
3 – Online Knowledge Tests
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 – Assignment
Assignments 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
- Level 3 Certificate in Computerised Accounting for Business 603/2737/6
- Level 3 Certificate in Bookkeeping and Accounting 601/9058/9
- Level 3 Certificate in Computerised Bookkeeping and Accounting 601/9055/3
- Apply for professional membership at the grade of Associate
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