Qualification

IAB Award, Level 3 (Broadly comparable to SCQF Level 6)

Duration

220 hours over 24 months

Fees

£607

Interests

  • Business & Management

Why take this course?

The Level 3 Certificate in Bookkeeping and Accounting has been designed for those:

• who already have some bookkeeping experience and want to formalise their knowledge and skills by completing an accredited qualification in bookkeeping and accounting
• who already hold a bookkeeping qualification wanting to expand their range of knowledge and skills
• already employed in bookkeeping or allied roles and wanting to expand their range of knowledge and skills so that they can perform more advanced tasks and take on additional responsibility in the workplace
• already self-employed as a bookkeeper/practitioner, or considering self-employment, and wanting to expand their range of knowledge and skills so that they can offer a more extensive range of services to a wider client base.

You will gain a comprehensive range of knowledge and skills and will be able to carry out period end bookkeeping routines and also perform tasks of a complex nature that fall within the function of accounting. You will be able to prepare a trial balance, use a suspense account and correct bookkeeping errors. You will also be able to carry out routine period end procedures such as valuing stock and recording a stock valuation in the bookkeeping system, accounting for the acquisition, depreciation and disposal of fixed assets and keeping a fixed asset register, accounting for prepayments and accruals, writing off bad debts and providing for doubtful debts.

You will acquire the skills to prepare financial statements for a sole trader (trading and profit and loss account and a balance sheet) and you will be able to prepare an extended trial balance plus prepare financial statements for a sole trader from incomplete records.

What you will experience

The Level 3 Certificate in Bookkeeping and Accounting qualification comprises four mandatory units:

1. Principles of accounting – R/508/5865
2. Make accounting adjustments – Y/508/5866
3. Prepare financial statements from double entry records for sole traders and partnerships –D/508/5867
4. Prepare financial statements from incomplete records for sole traders and not for profit
organisations – H/508/5868