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IAB Level 3 Diploma in Accounting & Advanced Book-keeping

Once you've completed this advanced course,you'll be eligible to apply for IAB membership. As an MIAB, you'll have a valuable addition to your resume that will impress employers and give you an edge in the employment marketplace. It's a qualification that shows you've taken your knowledge of accounting and book-keeping procedures to the next level, and appreciate the importance of accuracy, integrity and security of data. During the course, you'll learn via a range of accounting scenarios, such as the preparation of Financial Statements for non-profit making organisations and from a set of incomplete records. You'll learn  to eliminate errors, use a Suspense Account, and make calculations relating to stock, prepayments, accruals and bad debts.

What will I study?

Suspense Accounts and Book-keeping 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.

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
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