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Online IAB Level 2 Certificate in Book-keeping

Our online IAB Level 2 Certificate in Book-keeping distance learning course is aimed at individuals who wish to begin their studies of double-entry bookkeeping and gain a valuable qualification from a point of no previous knowledge. It could also be used by students who have some practical knowledge and skills and wish to gain an accredited qualification in the subject. The skills required are ideal for study by distance learning and, of course, the Accounting and Bookkeeping College's elearning virtual learning environment makes it easy to take your assignments and to keep in touch with your tutor and other students online.

The Level 2 qualification is divided into two separately examined Units with externally set and marked, two hour examinations, each consisting of a series of four hand-written tasks.

For the first examination you will need to be able to show that you can:
  • Understand and apply basic Accounting Concepts and Book-keeping Ethics
  • Understand fundamental double entry Book-keeping terms and processes
  • Calculate Value Added Tax
  • Prepare and Validate Business Documents
  • Use sub divided Books and record credit based transactions
  • Make and Receive Payments
  • Record Receipts and Payments
  • Process Petty Cash
And for the second examination you will need to be able to:
  • Account for Value Added Tax
  • Prepare a Statement of Account
  • Prepare a reconciliation to a Supplier Statement of Account
  • Account for Bad Debts
  • Use Checking Devices Prepare Control Accounts
  • Use Checking Devices Reconcile Cash Book Balances (Cash and Bank)
  • Use Checking Devices Prepare a Trial Balance