Book-Keeping & Accounts
- Level 2
Course Code:
NBK002
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 & Accounts qualification evaluates learners' ability
to produce accounts for businesses.
Areas covered at Level 2 include:
- Preparing ledger accounts and control accounts
- Correcting errors in business accounts such as identifying
errors in ledger accounts
- Understanding capital and revenue expenditure
- Depreciation
- End of year adjustments
- Trial balance.
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Course
Aims |
At Level 2 the aim
of the qualification is to further develop the introductory book-keeping
practices and processes studied at level one to enable candidates
to adjust ledger accounts to take account of activities at the
trial balance date which affect the production of an accurate
trading, profit and loss account and balance sheet.
Candidates will:
- Check and correct errors arising from inaccurate/incomplete/missing
entries in the ledger and day books
- Provide for depreciation of fixed assets using ledger
accounts
- Account for accruals, prepayments, bad debts and provide
for doubtful debts
- Prepare individual accounts in purchase and sales ledgers
- Prepare purchase ledger control accounts and sales ledger
control accounts
- Complete an extended trial balance
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 seven learning
outcomes to this unit.
1 |
Prepare ledger accounts |
2 |
Prepare control accounts |
3 |
Correct errors in business
accounts |
4 |
Differentiate between capital
and revenue expenditure |
5 |
Record depreciation |
6 |
Make year end adjustments
in business accounts |
7 |
Prepare and complete a trial
balance |
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Duration |
The Course is for
duration of 06 weeks, with one class of 3 hours duration per
week. |
Assessment |
Level 2 Book-Keeping & Accounts
- Externally set and marked test
This unit will be assessed by a 2 hour question
paper, which will be externally marked. The examination paper
consists of a number of practical tasks, all of which should
be attempted by the learner but the order in which they are
undertaken will not be specified. All aspects 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 are expected to have the passed the Level-1
qualification in Book-Keeping & Accounts or equivalent.
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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