The course will take you through all the fundamental areas of book-keeping,
explaining how journals, ledgers and double-entries work. There are two other
IAB courses available, and you can study these separately or all together.
Previously known as IAB Foundation, this course earns you an exemption from
completing the Level 2 Certificate in Book-keeping exam.
Level 3 Certificate in Manual Bookkeeping
This course explains in greater detail how more advanced book-keeping procedures operate – for instance, you’ll cover subjects such as stock and credit control, and financial statements. There are two other IAB courses available, and you can study this course at the same time, or between the others. This course was previously known as IAB Intermediate.
Management Accounting Bitesize course
By the end of this Unit the candidate should be able to:
Prepare a business plan suitable for submission to a bank. i.e. Construct a business plan in a form that would be generally acceptable by a bank. The business plan should include a cash budget and a forecast Trading, Profit and Loss Account (including non-cash expenses).
Know how to monitor actual performance against budget. i.e. Construct a columnar budget with the facility of comparing planned income and expenditure against actual. Identify positive and negative variance and use this analysis as a basis for making decisions and taking action.
Decide which fixed asset to purchase based on highest financial return. i.e. Use the three investment appraisal techniques, Payback, Internal Rate of Return and Net Present Value, to calculate forecast returns from the potential purchase of fixed assets. Use the results of investment appraisal calculations to decide which fixed asset to purchase.
Understand the importance of financial reporting. i.e Able to explain the advantages to a business presented by producing periodic financial reports/statements and the dangers presented by the absence of such.
Pre-requisites
Level 2 Certificate in Manual Bookkeeping
The great news is that you don't need any previous experience to take this
course.
Level 3 Certificate in Manual Bookkeeping
You'll need to have gained the IAB Foundation or IAB Level 2 Certificate in Book-keeping or equivalent.
Management Accounting Bitesize course
The great news is that you don't need any previous experience to take this
course.
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. You can contact your
tutor by email 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
Level 2 Certificate in Manual Bookkeeping
This course includes a number of assessments that you complete as part of
your coursework and then forward to your tutor for grading and comments.
You can gain an exemption to the next level on successful completion of the
mock paper, however you will not receive an IAB certificate unless you sit the
exam. Please note that exam fees are additional to course fees.
Level 3 Certificate in Manual Bookkeeping
This course includes a number of assessments that you complete as part of your coursework and then forward to your tutor for grading and comments. You'll also be required to sit an exam at an authorised testing centre near you. Exams are held in January and June, and last two hours. Please note that exam fees are additional to course fees.
Management Accounting Bitesize course
Online Test
EXAMS
After you sign up for one of our qualifications, you would need to contact the IAB directly on 01732 458080 and they will appoint you to the nearest exam centre to your location. If you find the centre they suggest too far away – you can enquire with the local colleges and sit the exam in some of them as an external candidate.
“This was the best course I have been on” Mark Brown, Cardiff
“We did not realise how important Book-Keeping was until we took this Course.
It will make all the Difference.” Miss I. Jennings, Saltford, Nr. Bath
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.