The Level 3 Certificate in Manual Bookkeeping course is the most
advanced of our IAB accredited bookkeeping qualifications, and
builds on the knowledge gained in the Levels 1 and 2 Award courses.
Accredited by the International Association of Bookkeepers (IAB) -
the leading UK and international professional body - it advances
your knowledge of bookkeeping into the area of accounting, and
takes you further into the intricacies of the profession. Whether
you're already working in a bookkeeping role, or would like to make
a move into the field from a related area, the skills you gain will
be highly prized by potential employers.
You will build on your existing knowledge of bookkeeping
functions and processes and advance that into the area of
accounting. You will learn to prepare financial statements in
various contexts, including non-profit organisations and those with
incomplete records. You'll learn to eliminate errors, use a
suspense account, and make calculations relating to prepayments,
accruals and bad debts. You'll also learn to use profit and loss
accounts and balance sheets.
Once completed, your bookkeeping qualification will allow you to
apply for Membership to the IAB (MIAB). Add two years' experience,
and you can apply for Fellow status (FIAB) and the right to use the
title Registered Bookkeeper.
You don't need any previous experience or qualifications to
enrol in our IAB courses. That's because we believe in making home
study - and a rewarding future - as accessible as possible.
However, completion of the IAB Level 1 and 2 Award courses is
recommended.
Employers need skilled bookkeepers. This qualification will
allow you to apply for MIAB status, providing a further advantage
for potential employment. Once you have gained two years'
experience in the field you can apply for FIAB status. As a
Registered Bookkeeper, your skills will be readily apparent to
recruiters, opening up a wider range of career
opportunities.
On completion, you'll receive the IAB Level 3 Certificate in
Manual Bookkeeping.
Awarding Body
The IAB is the leading UK and international professional body
for those providing bookkeeping and related accounting services to
small businesses. Through its broad range of Ofqual-accredited
qualifications and its CPD activities, the IAB aims to meet an
extensive range of financial skills needs of young people and
adults and to provide essential business skills for those starting
or developing a small business.
For your IAB assessment you will be required to complete two
assignments which are included in your course material as well as
two external exams.
Both examinations will last three hours and will consist two
sections containing hand-written tasks.
Your ICS study material contains mock assignment and examination
papers for you to complete and pass, along with solutions. If
however, you would like to discuss any aspect of your mock exams,
please request a tutor call.
Because we're experts in home learning, ICS knows about and
offers all the support you need along the way.
You'll receive IAB study materials that have been specially
designed for distance learning by experts in your chosen field.
You'll have access to an experienced personal tutor both online
and over the phone, ready to help you with guidance and
motivation.
You'll also be part of the ICS Online Student Community, where
you'll have access to library materials and your account
information, as well as vital links with your fellow students, with
the chance to discuss your work, ask questions and make new
friends.
80 hours
That's equivalent to a little over 2 hours of study a week over
the 9-month support period.
Please note that there are IAB registration and
exam fees that are additional to your course fees:
- IAB registration: £75
- IAB exam fees: £70
See your course content
Key Topics
Suspense Accounts and Bookkeeping Errors
- Learn how to use a Suspense Account and how to eliminate
book-keeping errors.
The Trading Account, the Profit and Loss Account and the
Balance Sheet
- Examine the form and function of the Trading Account, the
Profit and Loss Account and the Balance Sheet.
Accounting Concepts and Accounting Policies
- Learn the various accounting concepts and policies, and how
these should be applied.
Items of Income and Expenditure
- Learn how to categorise items of income and expenditure for the
purpose of preparing financial statements.
The Maintaining of Records and Accounting
Adjustments
- Learn how to maintain records. Examine how to make adjustments
to account for stock, as well as for prepayments and accruals.
Discover how to account for the depreciation and disposal of fixed
assets, as well as for bad and doubtful debts.
Sole Traders
- Discover how to prepare financial statements for a sole trader,
including how to prepare statements from incomplete records. Learn
how to prepare an Extended Trial Balance for a sole trader.
'Not for Profit' Organisations
- Learn how to prepare a financial statement for a 'not for
profit' organisation.
Partnerships
- Learn how to maintain records and prepare financial statements
for a partnership. Discover how to account for changes in the
composition of a partnership.