The IAB is the leading professional body in the UK devoted solely to the
interests of book-keepers.
The IAB Small Business Financial Management Level 3 Diploma
Within the qualification, candidates have the opportunity to develop their knowledge
and skills associated with the key financial management tasks to be performed by
those operating small firms. Specifically, they should be able to perform tasks
relating to the keeping of records, VAT, payroll, the preparation and interpretation of
final accounts, taxation and the Inland Revenue, costing and pricing of products,
management of working capital and financial planning and control.
IAB Small Business Financial Management Level 3 Diploma
Diploma in Small Business Financial Management (Qual. Accreditation No. 100/3444/4)
Bookkeepers' salary trend
Courses Overview
The IAB Level 3 Diploma in Small Business Financial Management, is specifically
designed to appeal to those who are already, or are aspiring to become, ownermanagers
or to those who are responsible for keeping the financial records of a
small business.
The qualification is primarily designed for the following candidates:
Those who are new to financial management and who wish to acquire the
essential skills and knowledge required to perform the key financial tasks
involved in operating a small business.
Those who are already employed in record-keeping or allied roles in a small
business and who wish to ensure that they have a firm foundation to perform
financial management tasks.
Those preparing for or undertaking NVQ at Level 2, 3 and 4 in Business
Planning/Development or Accounting and who wish to underpin these with a
thorough grounding in the fundamental knowledge, understanding and skills
associated with the record-keeping and financial management inherent in
operating a small business.
Pre-requisites
There are no formal entry requirements for this qualification. It is advisable for
candidates to have ability in both arithmetic and English at Level 2 prior to embarking
on study for this qualification.
Holders of the IAB qualifications identified below, or their equivalents, are granted
APL/exemptions from the following Units of the IAB Level 3 Diploma in Small
Business Financial Management:
Unit Number IAB qualification allowed APL/exemption
IAB Level 2 Certificate in Book-keeping
IAB Level 2 Certificate in Book-keeping
IAB Level 3 Certificate in Manual Payroll
IAB Level 3 Certificate in Book-keeping
Information regarding equivalent qualifications can be found via the IAB web-site
(www.iab.org.uk) or by contacting the IAB directly.
Support
As an AAS Training student you will have your very own personal tutor helping you with
your course work and with any questions you may have. Plus you can contact our
Student Advisors by email or phone for all the practical advice you may need –
so we really are with you 100%.
What's more you'll have access to the AAS Training online Student Community where you
can interact with other students, browse our resource library and manage your
account.
Assessment
All Units have an associated, practical assignment, each one being externally set by
the IAB. Each of the first seven Units will be internally marked by centres. The IAB
will provide centres with the assignment briefs upon registration of candidates. The
assignment for Unit 8 is to be produced by candidates under time constrained (two
hours) and invigilated conditions. Candidates are permitted to have access to books
and notes when completing the assignment for Unit 8 (i.e. ‘open book’) but are not
permitted to communicate with any other person other than the invigilator. Centres
are to mark the assignments for the first seven Units in accordance with the
published IAB guidance. After completion of the marking, assignments are to be
submitted to the IAB which will then perform a moderation of the marking to ensure
that national standards are applied. A minimum of one assignment of each and every
candidate will be selected for moderation. Upon payment of the relevant published
fee, those candidates whose assignments are assessed and moderated as below
the standard required for a pass to be awarded, are able to attempt further (different)
assignments and be re-assessed.
All assignments produced by candidates for Unit 8 will be externally marked by the
IAB in addition to being externally set.
All assignments will be directly related to the learning outcomes of the Units with
which they are associated. Over time (i.e. several series of assignments), the
assignments will cover all of the learning outcomes of Units. A single series of
assignments will explicitly cover at least 75% of the learning outcomes of the
qualification.
In completing their assignments, candidates will be required to carry out all tasks
accurately and in keeping with book-keeping and financial management practice in
the context of a small business. Assessment criteria will reflect these requirements.
CERTIFICATION
Candidates who achieve a Pass grade in each of the Assignments of the eight
mandatory Units, will be awarded the IAB Level 3 Diploma in Small Business
Financial Management. Certificates of achievement will be awarded upon request
and payment of the appropriate fee, to those candidates who achieve pass grades in
less than all eight Assignments. Candidate registration lasts for up to three years.
What our Students Say
"The Book-keeping course is everything I wanted. I've worked as a book-keeper
for a while, but I wanted to take the AAS Training course to prove to myself I could do
it. I've been very satisfied with the service I've received – in particular, my
tutor has been very helpful in giving me feedback and advice. I would recommend
AAS Training." Timoty Anderson, AAS Training Graduate.
Your Future Prospects
The survival of all commercial ventures, charitable and public sector
agencies depends on tight financial controls. Therefore, there will always be
demand for individuals with the skills base to ensure these controls are in
place.
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Any questions about the course? Call Free 08000 75 8000 or check our 
