The IAB Level 2 Certificate in Computerised Accounting for Business is made up of:
5 – Online Computerised Tests
1 – Skills Assignment or Work Based Evidence
Who is this qualification for?
- Individuals who wish to further their studies of computerised accounting within a working business environment and gain a qualification at Level 2
- 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 Sage software, suitable for the production of small business accounts.
What you’ll study
Principles of recording and processing financial transactions – M/505/1092 (level 2 – 2 credits)
- Understand the role of the books of prime entry
- Understand the principles of coding
- Understand the double entry bookkeeping system
- Understand the various types of discount
- Understand the use of the journal
- Understand control accounts
- Understand the Purpose of the Trial Balance
Professional values and basic business legislation – F/600/8757 (level 2 – 1 credit)
- Understand the importance of Integrity and professionalism
- Understand that legislation exists relating to the workplace
- Know the fundamental principles of money laundering legislation
Principles of VAT – A/505/1094 (level 3 – 2 credits)
- Understand current VAT regulations
Banking procedures – R/505/1098 (level 1 – 1 credit) *
- Understand the banking process
- Understand document retention and storage requirements
Basic principles of costing – Y/600/4925 (level 2 – 4 credits)
- Demonstrate an understanding of the cost recording system within an organisation
- Recognise the component parts of a cost recording system and how it operates
Setting Up and Processing Using a Computerised Accounting Application – M/506/8751 (level 2 – 6 credits)
- Be able to set up and enter data using a Computerised Accounting application at the start of the financial year
- Be able to record Customer and Supplier invoices and credit notes
- Be able to process payments received from Customers and made to Suppliers, including non-credit receipts and payments
- Be able to process Journals, including Salary Journals
- Be able to process petty cash payments and receipts
- Be able to correct transaction errors
- Be able to carry out bank reconciliation
- Be able to produce reports using selection criteria and parameters
- Be able to explain relevant data protection, storage and security issue
Learning Resources Available
The learner will also receive two workbooks that covers the full course. The workbooks includes not only the practical work using Sage software, but also the underpinning bookkeeping knowledge to cover the learning required for coverage of the knowledge units. There are an abundance of screen shots from the software, so they can see what processes they should be doing and how that relates to accounting standards.
NB – Students can register for this qualification without requesting the Sage disc and workbooks.