Level 3 Certificate in Computerised Accounting for Business 603/2737/6

Bookkeeping Careers & Qualifications

Overview

Suitable for learners looking to enhance their understanding of financial record keeping and accounting using Sage accounting software.

The qualification is made up of:

2 – Online Knowledge Tests
2 – Assignments

Who is this qualification for?

The IAB Level 3 Certificate in Computerised Accounting for Business (RQF) qualification is specifically targeted at learners who want to prepare final accounts for a small or medium size business, and use financial information to plan and control a business. Such learners are likely to fall within the following groups:

  • Learners already in employment with a sound knowledge of double entry bookkeeping and a working knowledge of the use of computerised accounting systems who want to formalise their knowledge and skills by gaining a recognised accredited computerised accounting qualification.
  • Self-employed practitioners with a sound knowledge of double entry bookkeeping and a working knowledge of the use of computerised accounting systems who wish to formalise their knowledge and skills by gaining a recognised accredited computerised accounting qualification.
  • Owners of small businesses with a sound knowledge of double entry bookkeeping and a working knowledge of the use of computerised accounting systems who wish to formalise their knowledge and skills by gaining a recognised accredited computerised accounting qualification.

What you’ll study

This qualification is made up of the following units:

Principles of advanced computerised accounting – J/508/5846

  • Understand the purpose of accounting concepts and standards, and recognise the qualitative characteristics of financial information
  • Understand the basics of computerised accounting
  • Understand terms used in accounting
  • Understand the purpose of VAT accounts and the VAT return
  • Understand the process of accounting for a stock valuation
  • Understand the process of accounting for the fixed assets
  • Understand the process of accounting for prepayments and accruals
  • Understand the process of accounting for bad and doubtful debts
  • Understand the purpose of a trial balance and a suspense account
  • Understand the purpose of financial statements
  • Understand the principles of accounting for partnerships
  • Understand the purpose of budgeting

Principles of  cash management – L/616/7362

  • Understand how the external environment impacts on how a business manages its cash assets
  • Be able to make informed decisions regarding the management of the cash balances of a business
  • Understand the range of accounting and other business techniques used to improve the efficiency of cash management within a business

Manage cash effectively – Y/616/7364

  • Prepare forecasts of income and expenditure for a business for a  given period of time
  • Use forecasts to monitor a business’s cash flow
  • Use a business’s cash balances effectively

Use a computerised accounting package – D/508/6629

  • Set up a computerised accounting system
  • Enter business transactions
  • Prepare and post journal entries
  • Account for a stock valuation
  • Account for fixed assets
  • Account for prepayments and accruals
  • Account for bad and doubtful debts
  • Make end of period adjustments
  • Amend the chart of accounts and 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 £280

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

2 – Assignments

Assignments 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

Upon successful completion of this qualification you could apply for professional member at the grade of Member

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