Book-Keeping & Accounts
- Level 1
Course Code:
NBK001
Awarding Body: IAB |
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The International Association
of Book-keepers (IAB) was founded in 1973 and until approximately
ten years ago it focussed purely on being a professional and
examining body for bookkeepers. Building on this, today the IAB
is the leading UK and international professional body for those
providing bookkeeping and related accounting services to small
businesses. Through its broad range of Ofqual accredited qualifications
and its CPD activities, the IAB aims to meet an extensive range
of financial skills needs of young people and adults and to provide
essential business skills for those starting or developing a
small business. |
Download |
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Introduction |
The Book-Keeping and Accounts qualification evaluates learners' ability
to produce accounts for businesses.
Areas covered at Level 1 include:
- the completion of financial documents such as invoices
and credit notes
- the recording of cash and credit transactions in books
of original entry
- preparing bank reconciliation
- understanding the petty cash imprest systems and trial
balances.
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Course
Aims |
At Level 1 the aim
of the qualification is to provide candidates with an introduction
to book-keeping practices and to process source documents that
underpin accurate record keeping.
Candidates will:
- check and process documents involved in financial record
keeping
- develop skills to carry out routine book-keeping processes
- develop underpinning knowledge of book-keeping principles
- prepare statements as a preliminary to financial control
The qualification aims to allow candidates
to learn, develop and practise the skills required for employment
and/or career progression in the accounting sector. |
Course
Market |
The course is suitable for anyone looking for a qualification as the
starting point for a career in book-keeping and accounts.
The course is aimed at candidates who work or want to work
in job roles such as:
- Accounting technician
- Accounts/Finance clerk
- Private practice accountant
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Course
Structure |
There are five learning
outcomes to this unit.
1 |
Know how to complete financial
documents |
2 |
Record cash and credit transactions
in books of original entry |
3 |
Prepare bank reconciliation |
4 |
Understand the petty cash
imprest system |
5 |
Extract a trial balance from
ledger accounts |
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Duration |
The Course is for
duration of 06 weeks, with one class of 3 hours duration per
week. |
Assessment |
Level 1 Book-Keeping & Accounts
- Externally set and marked test
This unit will be assessed by a 1 hour 30
minutes question paper, which will be externally marked. The
examination paper will take the format of a number of practical
tasks. All areas of the syllabus will be tested on every paper
and questions will follow a standard format, although details
will vary on each paper.
Assessments will be graded Pass or First Class
Pass. Detailed marking and grading criteria are provided within
the Examination Support Guide. |
Entry
Requirements |
There are no formal
entry requirements for candidates undertaking the qualification.
However, the candidates should have the potential and opportunity
to successfully gain the qualifications.
There are no age limits attached to candidates
undertaking the qualification unless this is a legal requirement
of the process or the environment. |
Exemptions |
There are no Exemptions
allowed for this qualification. Candidates are not allowed to
enter for a qualification of the same type, content and level
as that of a qualification they already hold. |
| Progression: |
On completion of
these qualifications candidates may progress into employment
or to the following qualifications:
NLC is authorised by the Oracle University
for the Workforce Development Program and provides training
in Oracle Applications-Financial Module.
Students interested in enhancing their career prospects in
the Financial Software industry can consider enrolling on this
course. |
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