Level 1 Certificate in Book-keeping (VRQ) 500/3159/4
Starting dates and places
Description
The overall aim of this qualification is to accredit candidates’ knowledge and understanding of the fundamental principles concerned in the use of a manual accounting system.
Within the qualification, candidates have the opportunity to gain knowledge of basic manual book-keeping routines concerning the documentation and processes related to making and receiving payments. They will gain an initial insight into both cash and credit business transactions, VAT and other manual routines.
The qualification requires candidates to understand those transactions, which are necessary for the day-to-day function of an accounting system and for processing of simple documents. Accuracy, integrity and securi…
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The overall aim of this qualification is to accredit candidates’
knowledge and understanding of the fundamental principles concerned
in the use of a manual accounting system.
Within the qualification, candidates have the opportunity to gain
knowledge of basic manual book-keeping routines concerning the
documentation and processes related to making and receiving
payments. They will gain an initial insight into both cash and
credit business transactions, VAT and other manual routines.
The qualification requires candidates to understand those
transactions, which are necessary for the day-to-day function of an
accounting system and for processing of simple documents. Accuracy,
integrity and security of data should always be uppermost in the
candidates mind.
Candidates may use this qualification as the basis of further study
of manual systems and use it as underpinning knowledge for the
study of the IAB Level 2 Certificate in Book-keeping and also
progress to the IAB Level 1 Certificate in Computerised
Book-keeping.
To be awarded the full qualification, candidates are required to
successfully demonstrate their competence by means of an external
examination. It will also provide progression to the NVQs in
Accounting at Levels 2, 3 and 4. Candidates will receive
acknowledgement of successful completion of the qualification.
Name of Qualification Level 1 Certificate in Book-keeping (VRQ) 500/3159/4 Accreditation Review Date 31/12/2015 Guided Learning Hours (GLH) 30 Accreditation Number 500/3159/4 Level Level 1
The IAB Level 1 Certificate in Book-keeping is aimed at
individuals who wish to begin their studies of book-keeping and
gain an entry level qualification at Level 2 of the National
Framework from a point of no previous knowledge. It could also be
used by those candidates 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 keeping of a single entry book-keeping
system, suitable for the production of small business accounts.
In summary, the qualification aims to enable candidates to:
1 Assess their competence and understanding in carrying out a range
of basic day-to-day book-keeping routines and activities using a
single entry manual book-keeping system. The activities will
include entry of business transactions, and routine basic
book-keeping tasks.
2 To assess their understanding of the importance of maintaining
accuracy, security and integrity in performing any book-keeping
tasks using a single entry manual accounting system.
3 Upon completion, progress in their learning to further develop
their knowledge, understanding and skills by:
- Further studies of accounting routines and procedure at Level
2
- Progression to the IAB Level 1 Certificate in Computerised
Book-keeping.
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