IAB Level 2 Certificate in Bookkeeping

This IAB bundle provides an excellent knowledge base in bookkeeping and accounting, whilst being ideal for students who want to achieve a career in the field. If you’ve already made a start to life in bookkeeping, this bundle will boost your skills and help you progress in your career. You’ll go from learning to prepare reconciliations to carrying out a range of day-to-day bookkeeping routines and activities. It is ideal for:

• Students who want to develop their accounting and bookkeeping knowledge
• Those aspiring to work or progress their career in accounting, finance, or bookkeeping.
• Future career options:
• Chartered accounting
• Finance manager
• Management accounting
• External auditor
• Forensic accountant
• Stockbroker
• Internal audit
• Business analyst

Course Content

RQF Number: 601/9061/9

Unit 1 Principles of bookkeeping and VAT

• Basics of bookkeeping and bookkeeping systems
• Terms used by bookkeepers
• Source documents and their purpose
• Sub-divided bookkeeping system
• Basics of the VAT system
• HMRC VAT rules
• VAT control account and VAT return

Unit 2 Financial services and payment methods

• Role of banks and building societies
• How businesses use financial services
• Methods of payment and their features
• Security measures and procedures for the safekeeping of cash

Unit 3 Prepare and check business documents

• Prepare documents to be issued to customers
• Checking documents received from suppliers
• Preparing documents to be issued to suppliers
• Preparing a petty cash voucher

Unit 4 Record transactions in a sub-divided bookkeeping system

• Day books
• Analysed cash book
• Petty cash book
• Journal

Unit 5 Prepare a trial balance and reconciliations

• Trial balance
• Control accounts and reconcile control account balances
• Reconcile the bank current account balance