Course overview
As well as providing an excellent knowledge base in bookkeeping, this IAB level 1 course is ideal for students who want to achieve a nationally recognised qualification in bookkeeping, those aspiring to achieve a career in bookkeeping and accounts or learners that want to boost their skills and progress in their current career.
Recognition
Study method
- Online
- Blended
- In-class
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Duration study load
Once enrolled, you can start at any time and have 24 months to complete this bundle (12 months for each level). You will also receive 12 months of tutor support for each level, so you can work at your own pace.
Entry requirements
There are no specific entry requirements for this course.
Course features
- Dedicated personal tutor support
- Dedicated student support
- Assignment marking and feedback
- IAB registration fee
- Free CV critique service
- Free employability guide to help you impress future employers
- Free XO Student Discounts card
- Comprehensive study guide
- Open Study College pen and highlighter
- Student study planner
- Student notebook
- Document wallet
Assessment
During this course, you will complete a number of tutor-marked assignments in preparation for your official assessments.
For the Level 1 Award in Bookkeeping, as part of your official assessment, you will complete 3 online knowledge tests. For the Level 2 Certificate in Bookkeeping, 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. Your external IAB examination will be completed under controlled conditions at an external venue. You will be responsible for booking and paying for this exam but we can assist in finding a venue.
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 double-entry bookkeeping
- Bookkeeping terms
- Source documents and their purpose
- Basics of VAT
- Purpose of trial balance and petty cash and bank reconciliations
- Using the journal
- Recording transactions in a double-entry bookkeeping system
- Preparing a trial balance
- Reconcile the petty cash balance
- Prepare a bank reconciliation statement
- 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
- Daybooks
- 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 (OSC) is a distance learning course provider that has helped over 120,000 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 OSC 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, OSC 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? Your learning journey has no end at Open Study College. 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.
