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Course overview
- Understand the types of business entities which operate in the private sector of the UK economy.
- Explore the services offered to businesses by banks and building societies.
- Know how to use a sub-divided bookkeeping system using main books, subsidiary books and books of prime entry.
- Gain an internationally recognised qualification.
This IAB course provides an excellent knowledge base in bookkeeping and accounting, whilst being ideal for students who want to achieve a career in the field. If you’ve already made a start to life in bookkeeping, this course will boost your skills and help you progress in your career. You’ll go from learning to prepare reconciliations to carrying out a range of day-to-day bookkeeping routines and activities.
Course fees – £579
- Monthly instalment plan available
- No government funding available for this course
Job outcomes
- Chartered accounting
- Finance manager
- Management accounting
- External auditor
- Forensic accountant
- Stockbroker
- Internal audit
- Business analyst
Recognition
Study method
- Online
- Blended
- In-class
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Duration study load
Once enrolled, you can start at any time and will have 12 months to complete the course. You will also receive 12 months tutor support, so you can work at your own pace.
Entry requirements
There are no specific entry requirements for the IAB Bookkeeping Level 2 course.
Pathways
- IAB Bookkeeping Level 3
Course features
- Dedicated personal tutor support
- Dedicated learner services
- Assignment marking and feedback
- Free CV critique service
- Free employability guide to help you impress future employers
- Free XO Student Discounts membership
- Comprehensive study guide
- Open Study College pen and highlighter
- Student notebook
Assessment
During this course, you will complete a number of tutor-marked assignments in preparation for your official assessments.
As part of your official assessment, you will complete two online knowledge tests, two online assignments and an examination. All online knowledge tests and assignments for this course are completed using the IAB online testing platform and are subject to a time constraint. You are required to complete one IAB examination which will be completed under controlled conditions at an external venue. You will be responsible for booking your exams, but we can assist in locating an approved venue.
Please note, you must purchase an IAB student membership in order to book your IAB exams – please see the Q&As section for more information.
Who's it for?
- Students who want to develop their accounting and bookkeeping knowledge.
- Those aspiring to work or progress their career in accounting, finance, or bookkeeping.
Delivery
This course is designed for study by distance learning at home or at work. You will receive a course pack containing all study materials, as well as support and assignment marking from a personal tutor.
Subjects
- Basics of bookkeeping and bookkeeping systems
- Terms used by bookkeepers
- Source documents and their purpose
- Sub-divided bookkeeping system
- Basics of the VAT system
- HMRC VAT rules
- VAT control account and VAT return
- Role of banks and building societies
- How businesses use financial services
- Methods of payment and their features
- Security measures and procedures for the safekeeping of cash
- Prepare documents to be issued to customers
- Checking documents received from suppliers
- Preparing documents to be issued to suppliers
- Preparing a petty cash voucher
- Day books
- Analysed cash book
- Petty cash book
- Journal
- Trial balance
- Control accounts and reconcile control account balances
- Reconcile the bank current account balance
About Open Study College
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Established in 2007, Open Study College is a distance learning course provider that has helped over 130,000 learners take the next step towards achieving their ambitions.
With over 700 courses, ranging from A Levels and GCSEs through to childcare and beauty therapy — there’s something for everyone. All of their qualifications are independently accredited by established awarding organisations, fully equipping you for the future.
Why choose Open Study College?
Whether you’re in full-time work or have family commitments, distance learning at Open Study College provides the flexibility to create a study schedule that fits around the busy demands of day-to-day life. Accomplish your goals — at your pace, on your terms.
You will also receive the best possible support from the uber-friendly learner services team, as well as guidance from expert tutors who are on hand to answer any queries you might have throughout the duration of your course.
What makes Open Study College different?
Born from a genuine passion to improve the lives of others through education, Open Study College is a family-run business with decades of experience in the education and distance learning industry.
Seeking a career change? Didn’t get the exam results you wanted? Looking to learn a new skill? Enrol on one of their courses today and forge the future you’ve always wanted — all from the comfort of your own home!
Additional benefits
As an Open Study College learner, your benefits will include an XO Student Discounts membership, exclusive savings on future courses and a complete range of career support — including a free CV critique service, a free employability guide, and job-hunting help from their recruitment experts.
