Level 2 Certificate in Bookkeeping (QCF) 601/0730/3

This qualification is part of the Qualification and Credit Framework (QCF), which became fully operational in September 2010. Qualifications within the framework are made up of units and each unit is given a credit value, where one credit represents 10 hours of learning time. The title of every qualification within the new framework will contain details of the size (award/certificate/diploma), level of difficulty (Entry to level 8) and general content of the qualification. This qualification is competence based, as it is deemed to include all the relevant knowledge and skills for a level 2 bookkeeper.

Learners studying without being attached to an IAB accredited training centre, should contact the IAB for further information.

Name of Qualification Level 2 Certificate in Bookkeeping (QCF) 601/0730/3 Accreditation Review Date 30/04/2015 Guided Learning Hours (GLH) 117 Accreditation Number 601/0730/3 Level Level 2

To achieve this qualification, all the mandatory units consisting of 16 credits must be achieved. The accreditation number, level and credit value of each unit is as follows:

Mandatory units

Principles of recording and processing financial transactions – M/505/1092 (level 2 – 2 credits)

Professional values and basic business legislation - F/600/8757 (level 2 – 1 credit)

Principles of VAT – A/505/1094 (level 3 – 2 credits)

Banking procedures – R/505/1098 (level 1 – 1 credit) *

Preparing and recording financial documentation – H/505/1106 (level 2 – 2 credits)

Maintaining petty cash records – R/505/1120 (level 1 – 1 credit)*

Maintaining and reconciling the cash book – D/505/1122 (level 2 – 2 credits)

Maintaining the journal – H/505/1123 (level 2 – 2 credits)

Processing ledger transactions and extracting a trial balance – M/505/1125 (level 2 – 2 credits)

Maintaining control accounts – K/505/1124 (level 2 – 1 credit)

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