IAB Level 2 Award in Manual Bookkeeping

This is a self study course which means you can study at home, workplace or wherever you choose at times that are convenient for you. You do not have any classes to attend.

The IAB Level 2 Award in Manual Bookkeeping (QCF) This is roughly equivalent to Level 5 in Scotland (SCQF). It is accredited by the International Association of Book Keepers (IAB).

The IAB Level 2 Award in Manual Bookkeeping aims to:

• Act as an introduction to the underpinning knowledge of financial record keeping and account preparation within the scope of double-entry bookkeeping, and giving the candidate the necessary skills to record financial transactions in a double-entry, manual bookkeeping system.
• Give candidates the necessary underpinning knowledge and skills to assess their own competence and understanding in carrying out a range of day-to-day bookkeeping routines and activities using a double-entry manual bookkeeping system. The underpinning knowledge gained from this qualification will enhance a candidates understanding of a computerised bookkeeping system based on double-entry. The activities will include entry of business transactions into the double-entry ledger system, and further routine bookkeeping tasks completed in a manual environment.
• Give candidates the necessary underpinning knowledge and skills to assess their understanding of the importance of maintaining accuracy, security and integrity in performing any bookkeeping tasks using a double-entry manual bookkeeping system.
• Enable candidate to progress in their learning to further develop their knowledge, understanding and skills of dealing with financial transactions by:
  - Undertaking further studies of bookkeeping and accounting routines and procedures at Level 3
  - Widening their skills at this level by progressing to the IAB Level 2 Award in Computerised Bookkeeping and/or the IAB L2 Computerised Accounting for Business.

This course is delivered through an appointed Distance Learning Tutor. Your appointed tutor will make contact with you as soon as you have the materials for the course. They will make regular contact to offer support and guidance, usually by e-mail but sometimes by phone to ensure you are making good progress and to support your learning throughout. You must be able to study independently through the course materials.

HOW WILL I BE ASSESSED?

To achieve this qualification, all the mandatory units must be achieved. In order to successfully complete the qualification all the modes of assessment listed below must be successfully completed.

• Knowledge test - Principles of VAT
• Assignment 1 - Preparing and recording financial documentation
• Assignment 2 -Maintaining and reconciling the cash book
• Assignment 3 -Maintaining petty cash records*
• End examination - Maintaining the journal, Processing ledger transactions and extracting a trial balance & Maintain control accounts

ENTRY REQUIREMENTS

There are no formal entry requirements for the IAB Level 2 Award in Manual Bookkeeping. However, it is recommended that before commencing a course leading to this qualification, the prospective learner will already have basic skills in numeracy and literacy and some understanding of basic book-keeping practices and terminology. The successful completion of the IAB Level 1 Award in Book-keeping or the IAB Level 1 Award in Manual Bookkeeping would be ideal qualifications to allow progression to the Level 2 Award in Manual Bookkeeping.

If you require further information please refer to the IAB web-site www.iab.org.uk .

SPECIAL REQUIREMENTS

If you have any individual study needs please contact our Student Development Centre at 01224 612164