Level 1 Award in Computerised Accounting for Business 603/2736/4

Bookkeeping Careers & Qualifications

Overview

Suitable for learners wanting an introduction to the process of keeping double entry records, preparing reconciliations and a trial balance

The qualification is made up of:

2 – Online Knowledge Tests
1 – Online Assignment

Who is this qualification for?

The Level 1 Award in Computerised Accounting for Business (RQF) qualification has been designed to appeal to individuals within the following groups:

  • Learners starting their studies in the subject of computerised accounting from a point of no previous knowledge or experience.
  • Learners in employment and with some limited basic accounting knowledge and skills who want to formalise their competence by gaining a recognised accredited qualification in computerised accounting.
  • Learners returning to study and/or work after a study or career break.
  • Learners considering a change in career.
  • Learners considering a career as a self-employed practitioner.
  • Owners of small businesses wanting an introduction to bookkeeping and accounting so that they can personally keep computerised records for their business and make full use of the functions that a computerised accounting package offers.

What you’ll study

This qualification is made up of the following units:

Introduction to computerised accounting – D/508/5836

  • Understand the basics of computerised accounting
  • Understand accounting terms
  • Recognise source documents
  • Understand the basics of the VAT system

Financial services and payment methods – A/508/5861

  • Understand the role of banks and building societies
  • Understand how businesses use financial services
  • Identify appropriate methods of payment and understand their features
  • Understand the need for security measures and procedures for the safe-keeping of cash

Set up a computerised accounting system and process data – Y/508/5849

  • Set up a computerised accounting system
  • Process credit based transactions
  • Process cash sales and sundry income
  • Process receipts from credit customers
  • Process payments to credit suppliers
  • Process payments through the bank current account
  • Process petty cash transactions
  • Reconcile the balance on the bank current account
  • Generate reports

Learning Resources Available

This qualification comes with the following resources:

  • 1 study textbook covering the knowledge side of the qualification
  • 1 study textbook covering the skills side of the qualification
  • A Sage 50 disk (time-limited)

How much will it cost?

Student’s studying or wanting to study through a training provider, (classroom based or distance learning) should contact potential training providers to get an idea of the total cost of the qualification. As the majority of the training providers will include the IAB registration fees into their own fee.

For self-study students, (those studying without a training provider) The fee would be £190

This fee covers the following:

  • Registration onto the qualification
  • All IAB assessment fees (excluding re-sits)
  • Certification upon successful completion of all assessments
  • Learning resources listed above
  • Free IAB student membership for 1 year (click here for a list of student benefits)

If you want to find out more about self study please click here

How is it assessed?

This qualification is made up of:

2 – Online Knowledge Tests

Online Knowledge tests are a series of independent short answer questions made up of multiple choice, gap fill, and true or false type questions. They are assessed via IABOnline and are open book. This might be taken in class or at home

1 – Online Assignment

Online Assignments are also assessed via IABOnline and are also open book. These are taken in class or at home and are short case study type questions with several tasks for each case study

Next Steps After Passing

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