IAB Level 3 Certificate in Book-keeping

About this course

It is recommended that before commencing this course, the prospective student has already achieved the IAB Level 2 Certificate in Book-keeping or equivalent.  Alternatively, they should have comparable prior knowledge and skills acquired through work experience.

Course Outcomes:

• Use a suspense account and eliminate book-keeping errors
• Understand the form and function of the Trading Account, Profit & Loss Account and Balance Sheet
• Understand and apply accounting concepts and accounting policies
• Categorise items of income and expenditure
• Maintain records and make accounting adjustments relating to stock
• Maintain records and make accounting adjustments for prepayments and accruals
• Maintain records and account for the depreciation and disposal of tangible fixed assets
• Maintain records and account for bad and doubtful debts
• Prepare financial statements for a sole trader
• Prepare an extended trial balance for a sole trader
• Prepare financial statements for a sole trader from incomplete records
• Prepare financial statements for a ‘not for profit’ organisation
• Maintain records and prepare financial statements for a partnership
• Account for changes in the composition of a partnership

Entry requirements

Assessment

Assessment is through two examinations that are externally set and marked, knowledge tests, assignments and a project.

What next?

On successful completion of this course you may wish to consider taking an IAB Level 2 Award in Computerised Book-keeping or an AAT qualification.

For further information please contact

Course Enquiry Line
01905 743456
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Wesley Ogden
01905 743523
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For help applying call 01905 743456