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Accounting

Below is a list of the Accounting currently offered by the college:

About the course:

IAB is a UK recognised qualification. The Level 1 Award in Bookkeeping is designed for those who have little or no experience of finance, and those who may be looking for a change in career. Candidates will learn the basics of Business routines and this will enable them to progress onto Level 2 with confidence.

Course Content: 

Introduction to bookkeeping:

  1. Understand the basics of double entry Bookkeeping
  2. Understand Bookkeeping terms
  3. Recognise source documents and understand their purpose
  4. Understand the purpose of the trial balance and petty cash and bank reconciliations

Keep double entry records and prepare a trial balance

  1. Use the journal
  2. Record transactions in a double entry Bookkeeping system
  3. Prepare a trial balance

Prepare reconciliations:

What are the entry requirements?

No formal qualifications, however, learners are advised to have basic Math and English skills.

Assessment Method:

Online Knowledge Test – these tests are a series of independent short answer questions made up of multiple choice, gap fill, and true or false type questions.

Online Assignments – these are taken in class or at home and are short case study type questions with several tasks for each case study.

Qualification: Certificate in Book Keeping Level 1

Exam Board: International Association of Book-keepers (IAB)

Course Mode: Part Time

Available Session: Day/evening

Duration: 8 weeks

Start Date: Every 2 months

Progression route?

Successful candidates can progress to Level 2 or can gain employment.

What are the training costs?

£280

Are there any additional costs?

Please note that the tuition fee does not include the IAB registration fee. Please check with the awarding body for up- to-date fee information or ask a member of our admission team.

About the course:

The IAB Level 2 Award in Manual Bookkeeping is aimed at individuals who are already working in a Finance office and who want to capitalise on their experience and gain a qualification. Candidates will gain an in-depth knowledge of Business routines and how all types of cash and credit transactions are recorded in manual accounts. You will also learn how to complete a basic VAT return.

Course Content: 

Principles of bookkeeping and VAT

  1. Understand the basics of bookkeeping and bookkeeping systems
  2. Understand terms used by bookkeepers
  3. Recognise source documents and understand their purpose
  4. Understand the use of a sub-divided bookkeeping system
  5. Understand the basics of the VAT system

Financial services and payment methods use the journal

  1. Understand the role of banks and building societies
  2. Understand how businesses use financial services

Record transactions in a sub-divided bookkeeping system

  1. Use day books
  2. Use a journal
  3. Use an analysed cash book
  4. Use a petty cash book

What are the entry requirements?

Learner will need to have basic Accounting knowledge.

Assessment Method:

Online Knowledge Test – These tests are a series of independent short answer questions made up of multiple choice, gap fill, and true or false type questions.

Online Assignments – These are assessed via IAB Online and are taken under examination conditions

Qualification: Certificate in Book Keeping Level 2

Exam Board: International Association of Book keepers(IAB)

Course Mode: Part Time

Duration: 8 weeks

Available Session: Day/evening

Start Date: Every 2 months

Progression route?

Successful candidates can progress onto Level 3 or gain employment.

Course Costs: £300

Are there any additional costs?

Please note that the tuition fee does not include the IAB Registration fee. Please check with the awarding body for up-to-date fee information or contact a member of our admission team.

About the course:

The IAB Level 3 Certificate in Manual Bookkeeping is designed to equip students with the knowledge and skills needed to carry out a range of day-to- day bookkeeping routines and accounting activities using a manual bookkeeping system. These bookkeeping and accounting activities include preparing financial statements for a Sole Trader or Partnership from incomplete records.

Course Structure:

The qualification is made up of:

  1. Online Knowledge Test
  2. Online Assignments
  3. Examination

Course Content: 

Principles of accounting

  1. Understand the purpose of accounting concepts and standards, and recognise the qualitative characteristics of financial information
  2. Understand the process of accounting for a stock valuation
  3. Understand the process of accounting for fixed assets
  4. Understand the process of accounting for prepayments and accruals
  5. Understand the process of accounting for bad and doubtful debts

Make accounting adjustments

  1. Account for a stock valuation
  2. Account for fixed assets
  3. Account for prepayments and accruals
  4. Account for bad and doubtful debts

Prepare financial statements from double entry records for sole traders and partnerships

  1. Prepare a trial balance and correct errors
  2. Prepare financial statements for a sole trader
  3. Prepare an extended trial balance
  4. Prepare financial statements for a Partnership

Prepare financial statements from incomplete records for sole traders and not for profit organisations

  1. Calculate capital or accumulated funds from incomplete data
  2. Construct accounts and a trial balance from incomplete records
  3. Prepare financial statements from incomplete records

What are the entry requirements?

Completion of the IAB Level 2 Certificate in Bookkeeping or the IAB Level 2 Award in Manual Bookkeeping

Assessment Method:

Online Knowledge Test – Tests are a series of independent short answer questions made up of multiple choice, gap fill, and true or false type questions.

Online Assignments – These are assessed via IAB Online and  are also open book.

Qualification: Certificate in Book Keeping Level 3

Exam Board: international Association of book keeper (IAB)

Course Mode: Part Time

Duration: 12 weeks

Available Session: Day/Evening

Start Date: Every 3 months

Progression route?

Many students progress onto AAT or Employment

What are the training costs?

The cost is £350

Are there any additional costs?

Please note that tuition fee does not include IAB Registration fee. Check with the awarding body for up to date fee or ask member of the admission team

About the course:

The IAB Level 1 award in Computerised Bookkeeping is designed for those who wish to begin their studies of Computerised Bookkeeping and gain level 1 qualification within the regulated qualification framework. The use of basic computerised software Sage 50 will be covered. The qualification has been designed to appeal to individuals within the following groups:

  1. Learners starting their studies in the subject of computerised accounting from a point of no previous knowledge or experience.
  2. Learners employed at a junior level with some limited basic accounting knowledge and skills who want to formalise their competence by gaining a recognised accredited qualification in Computerised Bookkeeping.
  3. Learners returning to study and/or work after a study or career break.
  4. Learners considering a change in career.
  5. Learners considering a career as a self-employed practitioner.
  6. Owners of small businesses wanting an introduction to the function of computerised accounting, so that they can personally keep computerised records for their business.

Course Structure:

The qualification is made up of:

  1. Online Knowledge Test
  2. Online Assignment

Course Content: 

Introduction to computerised accounting

  1. Understand the basics of computerised accounting
  2. Understand accounting terms
  3. Recognise source documents
  4. Understand the basics of the VAT system

Set up a computerised accounting system and process data

  1. Set up a computerised accounting system
  2. Process credit based transactions
  3. Process cash sales and sundry income
  4. Process receipts from credit customers
  5. Process payments to credit suppliers
  6. Process payments through the bank current account
  7. Process petty cash transactions
  8. Reconcile the balance on the bank current account
  9. Generate reports

What are the entry requirements?

No formal qualifications are required. However, learners are advised to have basic Mathematics and English skills.

Assessment Method:

Online Knowledge Test (tests are a series of independent short answer questions made up of multiple choice, gap fill, and true or false type questions.)

Online Assignments (These are taken in class or at home and are short case study type questions with several tasks for each case study)

Qualification: Computerised Book Keeping level 1

Exam Board: international Association of book keeper (IAB)

Course Mode: Part Time

Duration: 8 weeks

Available Session: Day/Evening

Start Date: Every 2 months

Progression route?

Successful candidates can progress onto level 2 or gain employment

What are the training costs?

The cost is £260

Are there any additional costs?

Please note that the tuition fee does not include the IAB registration fee. Please check with the awarding body for up- to-date fee information or ask a member of our admission team.

About the course:

The IAB Level 2 award in Computerised Book Keeping is suitable for those who wish to further their studies of Computerised Bookkeeping and gain a qualification in Level 2. It could also be used by those candidates who have some practical knowledge and skills and wish to gain an accredited qualification in the subject.

Course Structure:

The qualification is made up of:

  1. Online Knowledge Test
  2. Examination

Course Content: 

Principles of computerised accounting and VAT

  1. Understand the basics of computerised accounting
  2. Understand terms used in accounting
  3. Recognise source documents and understand their purpose
  4. Understand the basics of the VAT system
  5. Understand HMRC VAT rules
  6. Understand the purpose of VAT accounts and the VAT return

Use a computerised accounting system

  1. Set up a computerised accounting system
  2. Generate and use source documents
  3. Account for cash sales and sundry income
  4. Process customer receipts and refunds
  5. Process supplier payments and refunds
  6. Process payments through the bank current account
  7. Process petty cash transactions
  8. Reconcile the balance on the bank current account
  9. Prepare and post journal entries
  10. Generate reports

 What are the entry requirements?

Learners will need to have a Level 1 qualification.

Assessment Method:

Online Knowledge Test – These tests are a series of independent short answer questions made up of multiple choice, gap fill, and true or false type questions.

Paper Examination  – These are assessed under examination conditions.

Qualification: Computerised Book Keeping level 2

Exam Board: International Association of Book keepers (IAB)

Course Mode: Part Time

Duration: 8 weeks

Available Session: Day/evening

Start Date: Every 2 months

Progression route?

Successful candidates can progress onto level 3 or gain employment.

Course Costs: £340

Are there any additional costs?

Please note that the tuition fee does not include the IAB Registration fee. Please check with the awarding body for up-to-date fee information or contact a member of our admission team.

About the course:

The Level 3 Certificate in Computerised Bookkeeping and Accounting qualification is suitable for learners who already have a good working knowledge of the software, and wish to further their studies of Computerised Bookkeeping within a working business environment. It is also suitable for learners who like to gain a qualification at Level 3 of the regulated qualification framework, either from a point of no previous knowledge, or having already achieved the IAB Level 2 Award in Computerised Bookkeeping.

Course Structure:

The qualification is made up of:

  1. Online Knowledge Test
  2. Examination

Course Content: 

Principles of advanced computerised accounting

  1. Understand the purpose of accounting concepts and standards, and recognise the qualitative characteristics of financial information
  2. Understand the basics of computerised accounting
  3. Understand terms used in accounting
  4. Understand the purpose of VAT Accounts and the VAT return
  5. Understand the process of accounting for a stock valuation
  6. Understand the process of accounting for fixed assets
  7. Understand the process of accounting for prepayments and accruals
  8. Understand the process of accounting for bad and doubtful debts
  9. Understand the purpose of a trial balance and a suspense account
  10. Understand the purpose of financial statements
  11. Understand the principles of accounting for partnerships
  12. Understand the purposes of budgeting

Use a computerised accounting package 

  1. Set up a computerised accounting system
  2. Enter business transactions
  3. Prepare and post journal entries
  4. Account for a stock valuation
  5. Account for fixed assets
  6. Account for prepayments and accruals
  7. Account for bad and doubtful debts
  8. Make end of period adjustments
  9. Amend the chart of accounts and generate reports

 What are the entry requirements?

Learners will need to have a Level 2 qualification.

Assessment Method:

Paper Examination – these are assessed under examination conditions

Qualification: Computerised Book Keeping Level 3

Exam Board: International Association of Book keeper (IAB)

Course Mode: Part Time

Duration: 10 weeks

Available Session: Day/evening

Start Date: Every 2 months

Progression route?

Successful candidates can gain employment.

Course Costs: £360

Are there any additional costs?

Please note that the tuition fee does not include the IAB registration fee. Please check with the awarding body for up- to-date fee information or ask a member of our admission team.

About the course:

The IAB Level 1 Certificate in Payroll is specially designed for those who want to gain an understanding of basic payroll procedures as well as those who wish to become professional payroll processors.

The Level 1 qualification is mainly designed for the following candidates:

  1. Those who are new to payroll
  2. Those who wish to acquire the skills and knowledge required of payroll clerks prior to employment.
  3. Those who wish to understand the PAYE system for their own interes.
  4. Those who wish to return to working and wish to add payroll to their skills.

Course Content: 

To achieve this qualification the following mandatory units consisting of 13 credits must be achieved:

  1. Payroll preparation,
  2. Generating an employee record
  3. Making gross pay calculations
  4. Payroll processing
  5. Processing leavers
  6. Computerised payroll administration

What are the entry requirements?

No formal qualifications, However learners are advised to have basic math and English skills.

Exam Board: international Association of book keeper (IAB)

Assessment Method: Knowledge text, Assignment and Examination

Qualification: Certificate in Manual Payroll Level 1

Course Mode: Part time.

Duration: 8 weeks

Start Date: Every 2 months

Progression route?

Successful candidates can progress onto level 2

What are the training costs?

The course fee is £300.00

Are there any additional costs?

Please note that the tuition fee does not include the IAB registration fee. Please check with the awarding body for up- to-date fee information or ask a member of our admission team.

About the course:

The Level 2 Certificate in Payroll qualification is specifically aimed at learners who wish to further their studies of Payroll and gain a qualification at Level 2 of the regulated qualification framework, either from a point of no previous knowledge, or having already achieved the Level 1 Award in Payroll.

The qualification will appeal to those learners who already have some practical knowledge and skills and wish to gain an accredited qualification in the subject of Payroll.

Course Content: 

To achieve this qualification the following mandatory units consisting of 26 credits must be achieved:

  1. Fundamentals of employment legislation for payroll
  2. Composition of an employee payroll record
  3. Elements of gross pay
  4. Statutory and non-statutory payments
  5. Additions and Termination of employment

What are the entry requirements?

Level 1 payroll

Assessment Method:

Online Knowledge Test – Tests are a series of independent short answer questions made up of multiple choice, gap fill, and true or false type questions.

Online Assignments – These are taken in class or at home and are short case study type questions with several tasks for each case study.

Paper Examination – Paper Examinations these are assessed under examination conditions.

Qualification: Certificate in Manual Payroll Level 2

Exam Board: international Association of book keeper (IAB)

Course Mode: Part Time

Duration: 10 weeks

Available Session: Day/Evening

Start Date: Every 3 months

Progression route?

Successful candidates can apply for employment.

What are the training costs?

The cost is £400

Are there any additional costs?

Please note that the tuition fee does not include the IAB registration fee. Please check with the awarding body for up- to-date fee information or ask a member of our admission team.