Level 3 Certificate in Bookkeeping and Accounting 601/9058/9 – Self-study registration

Level 3 Certificate in Bookkeeping and Accounting 601/9058/9 – Self-study registration

£145.00

Please note that tutor support is not included and cannot be provided by the IAB.  If you require tuition you can search for an IAB accredited training provider by visiting: www.iab.org.uk/find-a-centre/.  If you choose to study with a training provider you will need to contact them directly to enquire about the price and to register for the qualification.  Therefore, you will not need to buy the qualification on the IAB website.  

Description

Self-study is a fantastic way of gaining a regulated qualification while being in complete control of your learning.

What is included?

Included in this pack is the following:

1 Year’s Student membership

Registration onto the qualification

Access to complete online knowledge tests and assignments

Assessment and exam fees (excluding resits)

Certification upon successful completion of all assessments

Please note that Tutor support is not included and cannot be provided by the IAB.

Overview

Register for the Level 3 Certificate in Bookkeeping and Accounting 601/9058/9 as a self-study student.

The Level 3 Certificate in Bookkeeping and Accounting qualification introduces the learner to the process of making accounting adjustments in the preparation of financial statements and the complexities of preparing financial statements from double entry and incomplete records for sole traders, partnerships and not for profit clubs and societies.

This qualification is made up of the following units:

Principles of accounting – R/508/5865

  • Understand the purpose of accounting concepts and standards, and recognise the qualitative characteristics of financial information
  • 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 purpose of the extended trial balance
  • Understand the principles of accounting for partnerships
  • Understand the process of accounting from incomplete records
  • Understand the principles of accounting for not for profit organisations

Make accounting adjustments – Y/508/5866

  • Account for a stock valuation
  • Account for fixed assets
  • Account for prepayments and accruals
  • Account for bad and doubtful debts

Prepare financial statements from double entry records for sole traders and partnerships – D/508/5867

  • Prepare a trial balance and correct errors
  • Prepare financial statements for a sole trader
  • Prepare an extended trial balance
  • Prepare financial statements for a Partnership

Prepare financial statements from incomplete records for sole traders and not for profit organisations – H/508/5868

  • Calculate capital or accumulated funds from incomplete data
  • Construct accounts and a trial balance from incomplete records
  • Prepare financial statements from incomplete records

Further information about this qualification can be found here and the full specification can be downloaded here.

 

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