IAB Level 3 Certificate in Computerised Bookkeeping and Accounting

This training course is designed to appeal to those individuals who have used a computerised accounting package and want to gain an understanding of more advanced accounting principles. It will also offer certification for those who are already working in an accounting environment but have not, as yet, gained a recognised qualification.

Entry requirements:

There are no formal entry requirements; however, it is important that you have good basic skills in numeracy and literacy which will be assessed during the enrolment process. It would be to the individual’s advantage to have some work experience in an office environment, although this is not mandatory.

Length of course                     20 weeks (including exam)

Study options                          Morning, afternoon or evening sessions

Duration of session                 3 hours

Cost of course                         £600

Cost includes: IAB registration and exam fee, all study resources, computer software and qualification certificate.

Assessment method: Computerised accounts assignment, knowledge tests,

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Main course content (Section 1 Principles of Advanced Accounting):

  • The accounting concepts
  • The completion of the VAT return and VAT control account
  • Accounting for stock valuation
  • Mark up and Margin
  • Capitalisation of cost
  • Accounting for accruals and prepayments
  • The purpose and use of suspense accounts
  • The compilation of financial statements
  • Accounting for partnerships
  • The budgeting process

Main course content (Section 2 Computerised Accounts)

  • Enter data into accounting package
  • Customer and supplier invoices and credit notes
  • Customer and supplier payments
  • Journal entry
  • Correct errors
  • Bank reconciliation
  • Produce documents
  • Maintain petty cash
  • Produce reports
  • Data storage and security
  • Stock valuation adjustments
  • Accounting for non-current assets
  • Calculating and Posting depreciation
  • Reversing journals for accruals and prepayments
  • Amending the chart of accounts