IAB Bookkeeping Qualification

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Whether you have a bookkeeping business, or want to get a position in a bookkeeping or accountancy practice or local SME, make a wise decision – join the IAB Bookkeeping qualification.


The IAB Book Keeping Qualifications

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Our Commitment Towards You

Authentic and Regulated Qualification:

IAB qualifications are controlled by QiW, Ofqual and CCEA, which means that an IAB certificate consistently indicates the attainment of knowledge, understanding and skills.

Flexible qualifications:

Our educations will work around your life and work promises. Whether you prefer learning morning /evening or weekend sessions, Future Connect qualifications can cater to your needs.

Continued Professional Development:

Continue your professional growth through seminars and consultancy, ensuring your knowledge is up-to-date and your clients or business get the best possible support from you.

Grow your business:

Our professional members may help you with business logics and ideas to grow your business. Conduct seminars that support the growth of their businesses.

Student and member support:

Through online and telephone access to our staff or dedicated areas on our website present additional information about our support centre and a set of services and support.

Approachable:

Our qualified and professional team is very friendly and knowledgeable.



Course Content

IAB Bookkeeping Courses and Certifications:

Level 1- Award in Computerised Bookkeeping

Acts as an overview of the basics of using commercially available bookkeeping software to set up a computerised accounting system, a method for business transactions and produce reports.

Course Outline:

This award is made up of the following units:

Introduction to computerised accounting

  • Understand the fundamentals of computerised accounting
  • Identify source documents
  • Understand accounting terminologies
  • Understand the essentials of the VAT system

Set up a computerised accounting system & process data

  • Set up a computerised bookkeeping system
  • Practice credit-based transactions
  • Manage cash sales and sundry income
  • Practice receipts from credit customers
  • Practice payments to credit suppliers
  • Practice payments through the current bank account
  • Manage petty cash transactions
  • Set the balance on the current bank account
  • Generate reports
Progression:

Upon achievement of this qualification, you could apply for level 2 to enhance career level.

Level 2 - Certificate in Computerised Bookkeeping

Offers the knowledge and skills to set-up a computerised accounting system, formulate business documents, process a wide range of dealings from source documents and produce settlements and reports.

This certification is made up of the following units:

Principles of computerised accounting and VAT

  • Know the basics of computerised accounting
  • Know the basics of the VAT system
  • Understand the terms used in bookkeeping
  • Apprehend HMRC VAT rules
  • Learn the purpose of VAT accounts and the VAT return

Use a computerised accounting system

  • Originate a computerised accounting system
  • Make and use source documents
  • Manage account for cash sales
  • Manage customer receipts and refunds
  • Manage supplier payments and refunds
  • Reconciliation of the balance on the current bank account
  • Formulate and post journal entries
  • Generate different types of reports
Progression:

Upon achievement of this qualification, you could move onto one of the following:

  • Level 1 Award in Bookkeeping
  • Level 2 Certificate in Computerised Bookkeeping

Level 2 - Certificate in Computerised Accounting for Business

Appropriate for learners want an understanding of financial record keeping using Sage bookkeeping software and the basics of a double-entry bookkeeping system

This certification is made up of the following units:

Principles Of Computerised Accounting, Ethics And Vat

  • Know the need for bookkeepers to act ethically
  • Know HMRC VAT rules
  • Know the basics of computerised accounting system
  • Understand the need to uphold a healthy and safe working environment
  • Understand advance terms of accounting
  • Know the basics of the VAT system
  • Understand the system of money regulations
  • Recognise source documents & understand their purpose
  • Understand the aim of VAT accounts and the VAT return

Financial services and payment methods

  • Recognise the role of banks and building societies
  • Know-how businesses use financial services
  • Identify suitable modes of payment and understand their structures
  • Know the need for security processes and procedures for the safe-keeping of cash

Basic principles of costing

  • Understand the purpose of cost accounting
  • Recognise the element parts of a cost recording system

Use a computerised bookkeeping system

  • Set up a computerised bookkeeping system
  • Process supplier payments and refunds
  • Create and use source documents
  • Manage payments through the current bank account
  • Prepare and post journal entries
  • Manage the balance on the bank
  • Generate different types of reports
Progression:

Upon achievement of this qualification, you could move onto one of the following qualifications:

  • Apply for professional membership for the grade of Associate
  • Level 3 - Certificate in Bookkeeping and Accounting
  • Level 3 - Certificate in Computerised Bookkeeping and Accounting

Level 3 - Certificate in Computerised Bookkeeping and Accounting

Learn advanced processing skills required to make bookkeeping adjustments and prepare financial statements and make management reports using a computerised accounting system.

This certification is made up of the following units:

Principles of advanced computerised accounting

  • Learn the purpose of accounting concepts and standards
  • Learn the basics of computerised accounting
  • Learn the use of financial statements
  • Learn the use of VAT Accounts and the VAT return
  • Learn the process of bookkeeping for fixed assets
  • Learn the method of accounting for a stock evaluation
  • Learn the method of accounting for pre-payments and accruals
  • Understand the procedure of bookkeeping for bad and doubtful debts
  • Understand the system of budgeting
  • Understand the principles of accounting for partnerships

Use a computerised accounting package

  • Create a computerised accounting system
  • Add business transactions
  • Justification for a stock valuation
  • Make and post journal entries
  • Make the end of period changes
  • Account for fixed assets
  • Account for pre-payments & accruals
  • Alter the chart of accounts and create reports
Progression:

Upon achievement of this qualification, you could apply for professional membership at the grade of Member or go for level 4.

Level 3 - Certificate in Computerised Accounting for Business

Learners who are seeing a career as a self-employed practitioner will find the course valuable—business owners whose job is the processing of payroll data and keeping of payroll records for their business.

This certification is made up of the following units:

Principles of double-entry bookkeeping

  • Know the purpose of accounting concepts & standards and recognise the qualitative features of financial information
  • Learn the use of VAT Accounts and the VAT return
  • How to process accounting for pre-payments and accruals
  • How to process accounting for bad and doubtful debts
  • Learn the purpose of a trial balance and a suspense account
  • Practice how to handle financial statements and reports
  • Understand the principles of bookkeeping for partnerships

Preparing and completing VAT returns

  • Thorough VAT returns accurately and on time
  • Communicate VAT data

Principles of cash management Flow

  • Understand how the outside environment impacts on cash assets
  • Understand a collection of accounting and other business techniques used to advance the efficiency of cash management procedures

Cash management

  • Use cash balances efficiently
  • Prepare estimates of income and expenditure for a given period
  • Use forecasts to observe cash flow within the organisation
Progression:

Upon successful completion of this certification, you could apply for professional membership at the grade of Member

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