Provides the knowledge and skills to set-up a computerised accounting system, prepare business documents, process a wide range of transactions from source documents and produce reconciliations and reports.
The qualification is made up of:
1 – Online Knowledge Test
1 – Examination
50 GLH (Guided Learning Hours)
120 hours TQT (Total Qualification Time)
Who is this qualification for?
The qualification will also appeal to those learners who already have some practical knowledge and skills and wish to gain an accredited qualification in the subject of computerised accounting.
Owners of small businesses should also find the qualification useful as it gives coverage of the use of commercially available computerised software suitable for maintaining accounts for a small business.
What you’ll study
Principles of computerised accounting and VAT – M/508/5842
- Understand the basics of computerised accounting
- 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
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
How much will it cost?
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)
This qualification requires the use of commercially available computerised bookkeeping software. however this is NOT included in the fee and is NOT provided by the IAB. Students will have to gain access to the software separately.
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
1 – Paper Examination
Paper Examinations these are assessed under examination conditions. There will be a scenario which will be worked through on a computerised accounting. A series of printouts will be generated throughout the examination and at the end. These printouts will then be submitted back to the IAB via the exam centre.
Examinations can be taken in any month and on any day (subject to the examination centre). This means that you can move up through the levels quickly as well.
Examinations require a minimum of 5 weeks notice in the UK and 8 weeks for those outside of the UK, before the examination date. This allows us enough time to process the registrations and get the examination papers dispatched
Next steps after passing
- Level 3 Certificate in Computerised Bookkeeping and Accounting 601/9055/3
- Apply for professional membership at the grade of Associate