IAB Level 3 Certificate 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 3 Certificate In Manual Bookkeeping (QCF) is roughly equivalent to Level 6 in Scotland (SCQF). It is accredited by the International Association of Book Keepers (IAB).

The IAB Level 3 Certificate in Manual Bookkeeping aims to:

• Assess the learner's ability to carry out a range of day-to-day accounting and advanced bookkeeping routines and activities using a manual bookkeeping system. The activities will include routine bookkeeping and accounting tasks, including the production of complex financial statements for a Sole Trader or Partnership from both complete and incomplete records.
• To assess their understanding of the importance of maintaining accuracy, security and integrity in performing bookkeeping and accounting tasks using a manual accounting system.
• Upon completion, progress in their learning to further develop their knowledge, understanding and skills by:
  - Progression to the full Level 3 Certificate in Bookkeeping (competence) qualification
  - Further studies of accounting routines and procedures at Level 4 of the National Occupational Standards.
  - Progression to the IAB Level 3 Certificate in Computerised Bookkeeping and Level 3 Certificate in Computerised Accounting for Business
  - Undertake studies in other areas of accounting at this Level e.g. costing and cash management.

HOW WILL I BE ASSESSED?

Qualification Structure

To achieve this qualification, the following the mandatory units must be achieved.

• Record transactions and make accounting adjustments
• Prepare financial statements for a sole trader
• Prepare financial statements for a partnership
• Prepare financial statements from incomplete records
• Prepare financial statements for a not for profit organisation
• Preparing and completing VAT returns

The units for this qualification are assessed through the following methods:

• Assignment 1 - Prepare financial statements from incomplete records
• Assignment 2 - Preparing and completing VAT returns
• End examination 1
  - Record transactions and make accounting adjustments
  - Prepare financial statements for a not for profit organisation
• End examination 2
  - Prepare financial statements for a sole trader
  - Prepare financial statements for a partnership

On successful completion of all the mandatory units listed above, the learner will receive a certificate to confirm the achievement of the Level 3 Certificate in Manual Bookkeeping (QCF). The certificate will include the full name and accreditation number of the qualification and the grade awarded.

ENTRY REQUIREMENTS

There are no formal entry requirements for the IAB Level 3 Certificate in Manual Bookkeeping (QCF). However it is recommended that before commencing a course leading to this qualification, the prospective learner will already have an understanding of bookkeeping up to and including the Trial Balance. The successful completion of the IAB Level 2 Certificate in Bookkeeping or the IAB Level 2 Award in Manual Bookkeeping would be ideal qualifications to allow progression to the Level 3 Certificate in Manual Bookkeeping

Alternatively, they should have comparable prior knowledge and skills acquired through paid or voluntary work experience.

SPECIAL REQUIREMENTS

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