Accounting & Book-Keeping
- Level 3
Course Code:
NBK003
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 Accounting & Book-Keeping qualification evaluates learners'
ability to produce accounts for businesses.
Areas covered at Level 3 include:
Prepare financial information for:
- Sole traders
- Partnerships
- Limited liability companies
- Not-for-profit organisations
- Manufacturing accounts.
The financial information will include
balance sheets, profit and loss accounts and period end
adjustments.
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Course
Aims |
At Level 3 the aim
of the qualification is to further develop the practices and
processes studied at level one and two book-keeping and accounts,
to enable candidates to record and interpret financial transactions
up to and including final accounts.
Candidates will:
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Prepare final accounts of sole trader,
partnerships, companies and not-for-profit organisations
from conventional and incomplete records
-
prepare year end and other adjustments
associated with the above variety of organizations
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demonstrate an understanding of accounts
through analysis and interpretation
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 eight learning
outcomes to this unit.
1 |
Prepare financial information
for a sole trader business |
2 |
Prepare financial information
for a partnership |
3 |
Prepare financial information
for limited liability companies |
4 |
Prepare financial information
for no-for-profit organisations |
5 |
Prepare financial information
to record the manufacturing process in final accounts |
6 |
Prepare financial information
for a sole trader from incomplete records |
7 |
Prepare a balance sheet |
8 |
Analyse and interpret final
accounts |
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Duration |
The Course is for
duration of 10 weeks, with one class of 3 hours duration per
week. |
Assessment |
Level 3 Accounting & Book-Keeping
- Externally set and marked test
This unit will be assessed by a 2 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 are expected to have the passed the Level-2
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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