Overview
This qualification acts as an introduction to financial record keeping using commercially available computerised accounting software.
The IAB Level 1 Award in Computerised Bookkeeping is made up of the following:
1 – Examination
Who is this qualification for?
The IAB Level 1 Award in Computerised Bookkeeping is suitable for:
- Individuals who wish to begin their studies of computerised bookkeeping from a point of no previous knowledge
- Individuals who have some practical knowledge and skills and wish to gain an accredited qualification in the subject.
- Owners of small businesses may also find this qualification useful as it gives coverage of the basic use of commercially available computerised software, suitable for the production of small business accounts.
What you’ll study
To achieve this qualification, only the mandatory units must be achieved. The additional option units are provided purely as a progression opportunity, but are not a compulsory element of the qualification.
Mandatory units
Record routine bookkeeping transactions using a computerised system – R601/3641 (level 1 – 2 credits)
- Be able to enter and/or restore data using a Computerised Accounting Package
- Be able to record Customer and Supplier invoices and credit notes
- Be able to process monies received
- Be able to process monies paid
- Be able to correct transaction errors
- Be able to carry out bank reconciliation
- Be able to produce reports using selection criteria and parameters
Prepare and record sales and purchase documents using a computerised system – D601/3643 (level 1 – 2 credits)
- Be able to enter and/or restore data using a Computerised Accounting Package
- Be able to prepare financial documents to be sent to credit customers
- Be able to record Supplier invoices and credit notes
- Be able to process monies paid to Suppliers
- Be able to process monies received from Customers
- Be able to maintain the petty cash account
- Be able to produce reports using selection criteria and parameters
Optional units
Principles of recording and processing financial transactions – A/600/8756 (level 2 – 2 credits)
Professional values and basic business legislation – F/600/8757 (level 2 – 1 credit)
Next Steps After Passing
Upon successful completion of this qualification you could move onto one of the following qualifications:
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