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.
Annual Accounts ( bitesize course )
Learning Outcomes:
By the end of this Unit the candidate should be able to:
Make adjustments to total expenses and purchases of assets.
i.e. Make adjustments for:
Stock valuation, depreciation of fixed assets (using the straight line and reducing balance methods), prepayments and accruals and bad debts.
Prepare a trading and profit and loss account and balance sheet for a small business (sole trader).
i.e. Using information from financial records, prepare in vertical format a Trading and Profit and Loss account and Balance Sheet for a sole trader.
Understand the distinctions between gross profit, net profit and cash in hand.
i.e. Understand the important distinctions between gross and net profit and profit and cash in hand. Be able to explain the significance of these distinctions for a business.
Be able to calculate and use basic liquidity and profitability ratios to assess the performance of a small business.
i.e. Make ratio calculations in respect of profitability and liquidity. Appraise and comment on the performance of a business following a ratio analysis exercise.
Understand the limitations of ratio analysis for assessing the current and future potential performance of a business.
Pre-requisites
Level 2 Certificate in Manual Bookkeeping
The great news is that you don't need any previous experience to take this
course.
Annual Accounts ( bitesize course )
No previous experience needed
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.
Annual Accounts ( 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.