Overview
This qualification acts as an introduction to the skills of financial record keeping and accounts preparation within the scope of double-entry bookkeeping using both manual and computerised bookkeeping systems.
The Level 2 Certificate in Manual and Computerised Bookkeeping (QCF) is made up of the following:
1 – Computerised Knowledge Test
3 – Paper Assignments
2 – Examinations
Who is this qualification for?
The IAB Level 2 Certificate in Manual and Computerised Bookkeeping is suitable for:
- Individuals who wish to further their studies of manual bookkeeping and gain a qualification at Level 2 of the National Framework
- Individuals who have some practical knowledge and skills and wish to gain an accredited qualification in this subject.
What you’ll study
The IAB Level 2 Certificate in Manual and Computerised Bookkeeping contains the following units:
Principles of VAT – A/505/1094 (level 3 – 2 credits)
- Understand current VAT regulations
Preparing and recording financial documentation – H/505/1106 (level 2 – 2 credits)
- Prepare the financial documents to be sent to credit customers
- Enter sales invoices and credit notes into the appropriate books of prime entry
- Process payments from customers
- Process suppliers’ invoices and credit notes
- Enter supplier invoices and credit notes into the appropriate books of prime entry
- Prepare payments to suppliers
Maintaining petty cash records – R/505/1120 (level 1 – 1 credit)*
- Complete a petty cash voucher
- Maintain an analysed petty cash book
- Maintain the petty cash balance
Maintaining and reconciling the cash book – D/505/1122 (level 2 – 2 credits)
- Maintain a columnar cash book
- Reconcile a bank statement with the cashbook
Maintaining the journal – H/505/1123 (level 2 – 2 credits)
- Open a new set of double entry bookkeeping records using the journal
- Use the journal to correct bookkeeping errors
- Use the journal to record bad debts
- Use the Journal to account for wages, salaries and employer on-costs
Processing ledger transactions and extracting a trial balance – M/505/1125 (level 2 – 2 credits)
- Process ledger transactions from the books of prime entry
- Prepare ledger balances and an initial trial balance
Maintaining control accounts – K/505/1124 (level 2 – 1 credit)
- Prepare sales ledger, purchase Ledger and VAT control accounts
- Reconcile sales ledger, purchase ledger and VAT control accounts
Setting up accounting software to manage accounting information – F601/3649 (level 2 – 3 credits)
- Be able to enter and/or restore data using a Computerised Accounting Package at the start of the financial year
- Be able to set up Assets, Liabilities, Capital and Budgets
- Be able to record customer and supplier invoices and credit notes
- Be able to process receipts from customers
- Be able to process payments to suppliers
- Be able to process non-credit payments and receipts
- Be able to process Journals
- Be able to produce reports using selection criteria and parameters
Process routine payments and receipts using a computerised system – A601/3651 (level 2 – 3 credits)
- Be able to enter and/or restore data using a Computerised Accounting Package
- Be able to process petty cash payments and receipts
- Be able to process non-credit payments and receipts
- Be able to correct transaction errors
- Be able to process salary journals
- Be able to carry out bank reconciliation
- Be able to produce reports using selection criteria and parameters
* If already covered in level 1 then no need to take the assessment
Learning Resources Available
The Level 2 Bookkeeping QCF book covers the manual bookkeeping element of this qualification, and can be bought here
Next Steps After Passing
Upon successful completion of this qualification you could move onto one of the following qualifications:
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