IAB Level 2 Certificate in Book-Keeping

Who is the course for?

The IAB Level 2 Award in Manual Bookkeeping is aimed at individuals who wish to further their studies of manual bookkeeping and gain a qualification at Level 2 of the National Framework having completed studies of the IAB Level 1 Award in Bookkeeping. It could also be used by those candidates who have some practical knowledge and skills and wish to gain an accredited qualification in this subject.

What do I get out of it?

On successful completion of the mandatory units, the learner will receive a certificate to confirm the achievement of the Level 2 Award in Manual Bookkeeping (QCF). The Certificate will include the full name and accreditation number of the qualification and the grade awarded.

The Qualification

This qualification is part of the Qualification and Credit Framework (QCF).

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.

Assessment and Grading

With the introduction of the QCF the IAB has introduced additional assessments to supplement the standard form of examination. The additional assessments can consist of a combination of knowledge tests, assignments or a project. In order to successfully complete the qualification all the relevant modes of assessment must be successfully completed.For this qualification the IAB will provide all assessment material including knowledge tests, assignments and examination.Front sheets will be supplied with answer books which will allow the recording of the marks for the assessment and allow for details of internal verification and external moderation. IAB examinations will be offered as standard sittings in January and June, or on an on demand basis.

Syllabus for:

LEVEL 2 CERTIFICATE IN BOOKKEEPING

UNIT

CREDIT

ASSESSMENT METHOD

Professional values and basic legislation

1

Knowledge test *

Principles of recording and processing financial transactions

2

Knowledge test *

Principles of VAT

2

Knowledge test *

Banking procedures

1

Knowledge test *

Preparing & recording financial documentation

2

Assignment *

Maintaining petty cash records

1

Assignment *

Maintaining petty cash records

2

                     End exam +

Maintaining the journal

2

End exam +

Processing ledger transactions and extracting a trial balance

2

End exam +

Maintain control accounts

1

End exam +

Total credits

16

*Done from home

+ External exam