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The IAB is the leading professional body in the UK devoted solely to the interests of book-keepers.

 

 

IAB Level 3 Diploma in accounting and advanced bookkeeping

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Full information on the course

 

IAB level 3

Diploma in accounting and advanced Book-keeping
(Qual. Accreditation No. 500/3022/x)

Bookkeepers' salary trend
Bookkeepers salary trend

 

Course Overview 

 

 

The overall aim of this qualification is to accredit candidates’ knowledge and understanding of the fundamental principles concerned in the valuation of the assets of the business, the elimination of errors and the preparing of complex Financial Statements following the calculation of the necessary accounting adjustments. Within the qualification, candidates have the opportunity to gain knowledge of the processes necessary to prepare a Fixed Asset Register and complete the necessary calculations associated with Fixed Assets.  Candidates will also be able to develop the skills necessary to prepare for the correction of errors using a Suspense Account, and calculations relating to Stock, prepayments, accruals and bad debts.  Finally the candidate will be able to prepare financial statements for a variety of business organisations, including a sole trader and a partnership.

 

The qualification requires candidates to understand the use of the Journal and the preparation of the Trading Account, Profit and Loss Account and Balance Sheet, which form the Financial Statements.  Various scenarios are covered including the preparation of financial statements for non profit making organisations and from a set of incomplete records. Accuracy, integrity and security of data should always be uppermost in the candidates mind.

 

Candidates may use this qualification as the basis of further study of manual systems at Level 4 of the National Occupational Standards, and use it as underpinning knowledge for the study of the IAB Level 3 Diploma in Computerised Accounting.

 

To be awarded the qualification, candidates are required to successfully demonstrate their competence by means of two external examinations. It will also provide progression to the NVQs in Accounting at Levels 3 and 4.  Candidates will receive acknowledgement of successful completion of the qualification.

 

 

 

 

 

 


 

ENTRY REQUIREMENTS

 

 

It is recommended that before commencing a course leading to the IAB Level 3 Diploma in Accounting and Advanced Book-keeping the prospective student has already achieved the IAB Level 2 Certificate in Book-keeping.  Alternatively, they should have comparable prior knowledge and skills acquired through paid or voluntary work experience. 

 

The candidate does not need to provide evidence of a qualification at Level 2 to the IAB to enable entry for the examination but the Centre/tutor will be required to confirm, through signature on the examination entry form, that they consider that the candidate has either an IAB Level 2 Certificate in Book-keeping or a qualification recognised as equivalent by the IAB or acquired the relevant prior knowledge and skills necessary.

 

Candidates who are studying independently (ie not undertaking a course of study through an IAB accredited centre either by attendance or distance learning), will be required to confirm by their own signature on the examination entry form that either they have an IAB Level 2 Certificate in Book-keeping, a qualification recognised as equivalent by the IAB or acquired the relevant prior knowledge and skills necessary.

 

As the examination tests the application of knowledge, understanding and skills and not simply the recall of facts and figures, candidates will be expected to demonstrate an understanding of the subject area and to apply this knowledge in the examination.
Information regarding equivalent qualifications can be found via the IAB web-site (www.iab.org.uk) or by contacting the IAB directly.

 

 

 

 

 

 

 


 

PROGRESSION

 

 

The qualification has been designed to provide the essential knowledge, understanding and skills required to complement and enable candidates to progress to other related qualifications at Level 3 and Level 4 of the National Qualifications Framework.

 

The qualification will provide a basis for progression to the study of the IAB Level 3 Diploma in Computerised Accounting and the IAB Level 4 Diploma in Accounting to International Standards.   It will also provide some coverage of Units 4, 6 and 15 of the National Occupational Standards which gives additional coverage of NVQ in Accounting at Levels 2, 3 and 4.

 

It will also provide progression to A/AS levels in Accounting and related units in the Advanced Vocational Certificate of Education (AVCE) qualifications.

 

 

 

 

 

 


 

CERTIFICATION

 

 

All candidates who achieve a Pass grade will receive a formal Results Letter and on successful completion of both examinations at the same sitting, the candidate may apply for the IAB Level 3 Diploma in Accounting and Advanced Book-keeping.

 

 


 

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 Learning Outcomes will be assessed through two, externally set and marked, two hour examinations each consisting of a series of four hand-written questions. The examinations will build on the candidates’ book-keeping and accounting knowledge and will assess the candidate’s ability in relation to the Learning Outcomes. Candidates will be required to carry out the tasks accurately and in keeping with current accounting concepts and practice. Faults will be incurred where candidates make errors in numeracy, spelling or failing to follow required procedures.

 

Please note, that exam fees are separate to course fees and are payable directly to the IAB upon signing up for the actual exam. Exams are held in January and June, please click here for more information on exam fees, timetables and registration deadlines.

 

When the time for exams come you would need to contact the IAB directly on 0844 330 3527, explain that you are a distance learning student with AAS Training and they will appoint you to the nearest exam centre to your location.

 

 

 


 

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.