Level 2 Certificate in Computerised Accounting for Business (QCF) 601/5245/X

Bookkeeping Careers & Qualifications

Overview

This qualification is suitable for learners who have some experience of working with Sage but little prior experience of manual, double entry bookkeeping

 

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?

The IAB Level 2 Certificate in Computerised Accounting for Business is suitable 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

The IAB Level 2 Certificate in Computerised Accounting for Business contains the following units:

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
If already covered in level 1 then no need to take the assessment

Learning Resources Available

Once the course fees have been paid and the learner registered, they will get a full copy of the latest version of Sage 50 Accounts Professional, which will be time limited for them to use for the duration of their course.  This means the learner can work at home and ensures they are up to date with the latest software developments.

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.

Next Steps After Passing

Upon successful completion of this qualification you could move onto one of the following qualifications:

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