Request an ICS Course Guide

IAB Level 1 Certificate in Book-keeping

Being in charge of an organisation's accounts can offer a high degree of job satisfaction. After all, it's your management of the day-to-day financial processes that keeps the business running smoothly. This introductory course from the International Association of Book-keepers - the leading industry body - guides you through the fundamentals of effective accounting, giving you a sound foundation on which to build a successful career in this absorbing field. You'll learn the procedures and concepts involved in various accounting and double-entry systems, and develop skills in manual book-keeping, making and receiving payments, cash and credit business transactions, and VAT compliance. 

What will I study?

The Functions of Book-keeping and Accounting

  • Examine the functions of book-keeping and accounting.
  • Consider the meaning of the terms ‘assets’, ‘capital and liabilities’, and ‘income and expenditure’.
  • Understand the need for confidentiality in the keeping of financial records.

Simple Value Added Tax (VAT) Calculations

  • Understand the purpose of the VAT Scheme and learn how to make simple VAT calculations.
  • Examine the current VAT registration rules and learn who must register for VAT.

Business Documents

  • Examine the function of various business documents that flow between the buyer and seller and are used as the basis of supporting business transactions.
  • Learn how to prepare or check a variety of documents.

Credit Transactions

  • Understand the concept of Trading on Credit.
  • Learn how to use Purchase Day Books and Sales Day Books, as well as Purchase Returns Day Books and Sales Returns Day Books.

Making and Receiving Payments

  • Examine common methods of making and receiving payment used in business.
  • Understand the importance, in the interests of security, of the need to bank ‘monies’ regularly.
  • Consider the function of a business Bank Current Account.

The Analysed Cash Book

  • Learn how to process receipts and payments through a columnar/analysed Cash Book.
  • Discover how to balance off the Cash Book and bring down balances.

Bank Reconciliation Statements

  • Examine the purpose of the Bank Reconciliation Statement and discover how to prepare one.

Petty Cash Transactions

  • Understand the form and function of the Petty Cash Book using an Imprest system.
  • Learn how to enter petty cash transactions in a Petty Cash Book, and how to balance off the Petty Cash Book.

Study with ICS in association with Hays
International Correspondence Schools Ltd (ICS) is the world's largest and most experienced distance learning organisation.  ICS is a pioneer in teaching skills by home study, presenting the opportunity to learn while earning and to relate study to everyday work. ICS-Hays-logos.jpg
Join the ICS Student Community

Create a guest account on the student community for free and communicate wwith current students on this course.

Was £399.00.
Save 10% buy online.

£ 359.10 BUY NOW
Print this page
Customer Service Rating by LivePerson
Visit the ICS Student Community