Level 1 Certificate in Bookkeeping Aims Upon completion of study for this qualification it is intended that the candidate will be able to: Understand the Functions of Bookkeeping and Accounting; Make simple Value Added Tax (VAT) calculations; Prepare and check business documents; Process and Record Credit Transactions; Make and Receive Payments through a Bank Current Account; Process Receipts and Payments through the Analysed Cash Book; Prepare a Bank Reconciliation Statement; Process Petty Cash Transactions. Level 2 Certificate in Bookkeeping Aims Upon completion of study for this qualification it is intended that the candidate will be able to: Understand and apply basic accounting concepts; Make Value Added Tax (VAT) calculations; Recognise and use Source Documents; Demonstrate a knowledge and understanding of payment methods; Use a sub-divided Bookkeeping System; Account for Payroll; Prepare checking devices, identify and eliminate Bookkeeping Errors; Prepare a Trial Balance. IAB Level 3 Diploma in Accounting and Advanced Bookkeeping Aims Upon the completion of study for this qualification, it is intended that the candidate will be able to: Use a Suspense Account and eliminate book-keeping errors; Understand the form and function of the Trading Account, Profit and 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. Level 4 Diploma in Accounting to International Standards Aims Upon the completion of study for this qualification, it is intended that the candidate will be able to: Prepare financial statements for a limited company in a format suitable for internal use; Understand the significance and scope of the Regulatory Framework; Understand the purpose of the Conceptual Framework; Identify users of financial statements; Prepare financial statements in a published format in accordance with International Accounting Standards requirements; Prepare a Cash Flow Statement in accordance with International Accounting Standards requirements; Prepare Consolidate financial statements; Use accounting ratios and interpret performance Sage Entry Requirements Students should have a knowledge of manual bookkeeping principles before commencing this course: An understanding of IAB Level II manual bookkeeping is required. If you plan on sitting the examination for the Level III Diploma in Computerised Book-keeping, a knowledge of the IAB Level III manual principles is required. Every business, large or small, is required by law to keep its financial records in good order. Errors in Inland Revenue or VAT records can lead to substantial financial penalties. Using computerised accounting packages is recognised as being one of the easiest, most efficient and reliable methods of achieving this. SAGE is acknowledged as such a leading accounting software package, easy to operate and wide in use. This course leads you through genuine SAGE software, giving you continual "hands on" practical tuition backed by additional study and tuition services.... Course number: IAB600     Full course fee: £959.00 or pay a deposit of £99.00, followed by 10 monthly payments of £86.00       Students who are registering from outside the European Union will be provided with a quote to cover the additional postal charges. Please call us on 044 141 248 5200 or email admin@idealschools.co.uk      << Back to course list