Computerised Accounting Level 3

The International Association of Bookkeepers

  • Course overview
  • Entry requirements
  • How this course is assessed
  • Progression onto
  • Value within the industry
  • Course guide time
  • Price
  • Frequently asked questions
  • Course brochure

Course overview

When you enrol onto this course you will receive an IAB workbook that covers the full course, which details all the steps you need to take including screen shots and images to guide you through the course. Everything you need to know to complete the knowledge requirements within this course is covered in this workbook. So you will understand not only the practical processes, but also the reasons why they are required.

Should you not have access to a commercial computerised accounting package we can offer a full copy of the most current version of Sage 50 Accounts Professional software, which is valid for up to 180 days, the additional cost for this is £75.00; This option can be selected upon checkout.

There are four mandatory units in this qualification, which are listed below:

Principles of advanced computerised accounting

  • Understand the purpose of accounting concepts and standards, and recognise the qualitative characteristics of financial information.
  • Understand the basics of computerised accounting
  • Understand terms used in accounting
  • Understand the purpose of VAT accounts and the VAT return
  • Understand the process of accounting for a stock valuation
  • Understand the process of accounting fo9r the fixed assets
  • Understand the process of accounting for prepayments and accruals
  • Understand the process of accounting for bad and doubtful debts
  • Understand the purpose of a trial balance and a suspense account
  • Understand the purpose of financial statements
  • Understand the principles of accounting for partnerships
  • Understand the purpose of budgeting

Principles of cash management

  • Understand how the external environment impacts on how a business manages its cash assets
  • Be able to make informed decisions regarding the management of the cash balances of a business
  • Understand the range of accounting and other business techniques used to improve the efficiency of cash management within a business

Manage cash effectively

  • Prepare forecasts of income and expenditure for a business for a given period of time
  • Use forecasts to monitor a business’s cash flow
  • Use a business’s cash balances effectively

Use a computerised accounting package

  • Set up a computerised accounting system
  • Enter business transactions
  • Prepare and post journal entries
  • Account for a stock valuation
  • Account for fixed assets
  • Account for prepayments and accruals
  • Account for bad and doubtful debts
  • Make end of period adjustments
  • Amend the chart of accounts and generate reports

The learning outcomes and assessment criteria are available here for more information

Entry requirements

You only need to have basic literacy and numeracy skills to be able to undertake this course in addition to reasonable bookkeeping or accounts knowledge. Ideally you would have already completed the Level Two Certificate in Computerised Accounts for Business.

As the course is computerised bookkeeping, you will need basic computer skills.

How this course is assessed

The first method is to work through the materials provided and then undertake 2 formal assessments which are knowledge tests and 2 skills assignments

In order to achieve this qualification the following minimum levels of achievement have to be met or exceeded:

>Knowledge Test- Principles of advanced computerised accounting 70%

>Knowledge Test – Principles of cash management 70%

>Assignment – Manage cash 70%

>Assignment – Use a computerised accounting package 60%

Progression onto

Higher Education or Level 4 Diploma in Accounting (RQF)

Value within the industry

By holding this qualification, you will be recognised as being competent within the bookkeeping and accounts industry to effectively use a computerised bookkeeping system. You will be able to undertake advanced tasks including; double-entry accounting system, entry of complex business transactions, routine bookkeeping tasks, posting of ledgers, preparation and use of journals, period end adjustments, VAT preparation, preparation of period end financial statements and amendments to charts of accounts. Emphasis is still placed on accuracy, whilst maintaining confidentiality and security.

You will also gain valuable experience using Sage 50 Accounts Professional software, which is recognised and widely used within the industry.

Upon completion of the course you will be able to use the letters MIAB (Member of the International Association of Bookkeepers) following your name.

Course guide time

This could has 230 learning hours, which could take you up to nine months to complete, however every learning is unique and complete it in different timescales.

Price

The cost of the course is £650.00 (including VAT)

This includes your membership with The International Association of Bookkeepers.

Frequently asked questions

Do I have deadlines to complete work within?

You progress through your course at your own pace. Everyone has different commitments and even these can change at short notice. There are no deadlines set for your work to be submitted.

How long will the course take?

We can provide ‘guide times’ for the courses, just to give you an idea of how long it may take to complete. From enrolment, it all depends how much time you can dedicate to studying, around all of your work and personal life. Your registration with The International Association of Bookkeepers is valid for one year.

How do I know if my computer will run the Sage software?

The system requirements to run the Sage software can be found here however, it does need a windows operating system on your PC.

For more information about Sage 50 Accounts Professional software, please click here.

Does the course need me to attend anywhere for a test or lesson?

The IAB courses are distance learning, so you do not need to attend any centre at any time. You are not restricted to times of lessons, or having to attend a classroom at any fixed time or date.

Once I have paid for my course, what happens next?

Your payment is processed and then our staff will email you an enrolment form for you to complete. Once completed, just send it back to us to process and then we will register you with the IAB. All of your learning materials will then be delivered to you, including your SAGE software.

Course brochure

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Course Options

> Bookkeeping

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> Payroll Services

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> Credit Control

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> Construction Industry Scheme

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> VAT Returns

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> Training

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