IAB Level 2 Award in Bookkeeping QCF

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Level 2


70 Hours

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 Enrolment Fee £479.00

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A Distance Learning Course is the ideal way to gain a qualification without having the worry of trying to fit your studies around your everyday life.  You can complete your studies in your own time and we are on hand seven days a week to help you plan your future.

Course Description

With our IAB Level 2 Award in Manual Bookkeeping QCF you will gain the knowledge needed to keep financial records using double-entry manual bookkeeping system, gain a nationally recognised qualification from International Association of Bookkeepers and develop the theoretical and practical knowledge to progress further computerised bookkeeping and account courses.

On successful completion of this course you can apply to become a member of IAB and use the letters MIAB after your name.

This course is designed for study by distance learning


The Level 2 Award in Manual Bookkeeping is assessed in three parts: an online knowledge test, three tutor marked assessments, and an external examination. The exam can be taken at one of the IAB approved test centres which are located throughout the UK, or an 'on demand' basis subject to notice and availability.

Previous Knowledge Required

You do not need any prior learning knowledge or experience to take this course. This home study course is openly available to anyone who wishes to take part in a highly rewarding home study course, although you would be expected to have a reasonable standard of literacy.

You have the freedom to start the course at any time and continue your studies at your own pace for a period of up to 12 months from initial registration with the full support of your Tutor..


You will receive the entire package of course materials in a single dispatch together with dedicated Tutor Support for 12 months. All assignments are marked by one of our professional Tutors who will offer regular feedback and guide you through your course.

You will be provided with the telephone number for your dedicated Student Support Team who will be available for any other queries that you may have whilst completing your course. You can be assured that you will receive unlimited support for your home study course, so there is no need to struggle or feel isolated during your studies.

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Maintaining Petty Cash Records
Completing a petty cash voucher
Maintaining an analysed petty cash book
Maintaining the petty cash balance

Principles of VAT
VAT registration requirements and regulations
Recognise different types of inputs and outputs
Classification of supplies for VAT purposes
Reporting requirements for different types of VAT scheme

Preparing and Recording Financial Documentation
Preparing financial documents for credit customers
Entering sales invoices and credit notes
Processing customer payments
Processing and entering suppliers’ invoices and credit notes
Preparing payments to suppliers

Maintaining and Reconciling the Cashbook
Maintaining a three-column analysed cashbook
Dealing with discrepancies
Reconciling a bank statement with a cashbook
Preparing a bank reconciliation statement

Maintaining the Journal
Opening a new set of double-entry bookkeeping records
Using the journal to correct errors disclosed or undisclosed by the trial balance
Creating and clearing a suspense account using the journal
Using the journal to record other transactions
Using the journal to process wage costs

Processing Ledger Transactions and Extracting a Trial Balance
Process ledger transactions from the books of prime entry
Transferring data correctly
Preparing ledger balances and an initial trial balance

Maintaining Control Accounts
Prepare sales and purchase ledger
Prepare tax control accounts
Reconcile sales and purchase ledger
Reconcile balances on the tax control account

Awarding Organisation

Upon successful completion of the examination and all assessments you will achieve a Level 2 Award in Manual Bookkeeping accredited by the IAB (International Association of Bookkeepers). That means that it is a level 2 nationally recognised qualification approved by the regulatory authorities in England (Ofqual), Wales (Welsh Government) and Northern Ireland (CCEA).

IAB stands for the International Association of Bookkeepers, which is an awarding body of qualifications and a professional association for qualified bookkeepers. IAB qualifications are developed by education professionals, members of the IAB, employers and other relevant organisations to ensure that their courses meet the highest industry-approved standards.


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Learn Now Distance Learning College
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Website:  www.learnnow.org.uk

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