Overview
Introduces the learner to the more advanced processing skills required to make accounting adjustments and prepare financial statements and prepare management reports for a sole trader or partnership to using a computerised accounting system.
The qualification is made up of:
1- Online Knowledge Test
1- Paper Examination
Key information:
70GLH (Guided Learning Hours)
150 hours TQT (Total Qualification Time)
Overview
Introduces the learner to the more advanced processing skills required to make accounting adjustments and prepare financial statements and prepare management reports for a sole trader or partnership to using a computerised accounting system.
The qualification is made up of:
1 – Online Knowledge Test
1 – Examination
Key information:
70 GLH (Guided Learning Hours)
150 hours TQT (Total Qualification Time)
Who is this qualification for?
The Level 3 Certificate in Computerised Bookkeeping and Accounting qualification is primarily designed to appeal to learners who already have a good working knowledge of the software, and wish to further their studies of computerised bookkeeping within a working business environment gaining a qualification at Level 3 of the regulated qualification framework, or having already achieved the IAB Level 2 Award in Computerised Bookkeeping.
The qualification will also appeal to those learners who already have good practical knowledge and skills and wish to gain an accredited qualification in the subject.
Owners of small businesses may also find the qualification useful as it gives coverage of the wide range of tasks that can be carried out using commercially available accounting software suitable for maintaining accounts for a small business.
What you’ll study
This qualification is made up of the following units:
Principles of advanced computerised accounting – J/508/5846
- Understand the purpose of accounting concepts and standards, and recognise the qualitative characteristics of financial information
- Understand the basics of computerised accounting
- Understand terms used in accounting
- Understand the purpose of VAT Accounts and the VAT return
- Understand the process of accounting for a stock valuation
- Understand the process of accounting for fixed assets
- Understand the process of accounting for prepayments and accruals
- Understand the process of accounting for bad and doubtful debts
- Understand the purpose of a trial balance and a suspense account
- Understand the purpose of financial statements
- Understand the principles of accounting for partnerships
- Understand the purposes of budgeting
Use a computerised accounting package – D/508/6629
- Set up a computerised accounting system
- Enter business transactions
- Prepare and post journal entries
- Account for a stock valuation
- Account for fixed assets
- Account for prepayments and accruals
- Account for bad and doubtful debts
- Make end of period adjustments
- Amend the chart of accounts and generate reports
How much will it cost?
Students 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.
This fee covers the following:
- Registration onto the qualification
- All IAB assessment fees (excluding re-sits)
- Certification upon successful completion of all assessments
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 IAB Online and are open book. This might be taken in class or at home
1 – Online Examination
Online Examination will need to be sat under controlled conditions at an IAB accredited centre.
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