(Qualification Accreditation Number 500/3023/1)

Please call our centre team on 0208 992 4144 or Vishva Punjabi on 078966 86964 for course enquiries & fees

INTRODUCTION

The overall aim of this qualification is to accredit candidates’ knowledge and understanding of the fundamental principles concerned in the use of a computerised accounting system using commercially available software. The qualification is non-software specific.

Within the qualification, candidates have the opportunity to gain knowledge of computerised accounting and advanced book-keeping routines concerning the procedures and routines related to completion and entry of advanced business transactions and the preparation of period end reports.They will gain a further insight into VAT and other computerised reconciliation routines.

The qualification requires candidates to understand those transactions, which are necessary for the setting up and entering of an existing company into a computerised accounting system including the processing of opening balances for debtors and creditors, an opening Trial Balance and the correction of errors. Accuracy, integrity and security of data should always be uppermost in the candidates mind.

Candidates may use this qualification as the basis of further study of computerised accounting systems and use it as underpinning knowledge for the study of the IAB Level 4 Diploma in Accounting, and qualifications offered by other book-keeping and accounting bodies.

To be awarded the full qualification, candidates are required to successfully demonstrate their competence by means of an external examination. It will also provide progression to the NVQs in Accounting at Level 3. Candidates will receive acknowledgement of successful completion of the qualification.

Aims

In summary, the qualification aims to enable candidates to:

Assess their competence and understanding in carrying out a range of some accounting and advanced book-keeping routines and activities using a computerised accounting system operated with commercially available accounting software. The activities will include entry of advanced business transactions for a sole trader or a partnership and include the preparation of completion of period end routines.
To assess their understanding of the importance of maintaining accuracy, security and data integrity in performing any accounting and book-keeping tasks using commercial software for a computerised accounting system.
Upon completion, progress in their learning to further develop their knowledge, understanding and skills by:

1. Further studies of book-keeping and accounting routines and procedure at Level 3

2. Progression to the IAB Level 4 Diploma in Accounting

TARGET GROUP

The IAB Level 3 Diploma in Computerised Accounting is aimed at individuals who wish to further their studies of computerised accounting and advanced book-keeping and gain a qualification at Level 3 of the National Framework. It could also be used by those candidates who have some practical knowledge and skills both in manual and computerised book-keeping and accounting and wish to gain an accredited qualification in the subject. Owners of small businesses may also find this qualification useful as it gives further coverage of the use of commercially available computerised software, suitable for the production of small business accounts.

STATEMENT OF LEVEL

This qualification has been designed to assess the basic knowledge and skills of book-keeping required at Level 3 of the National Qualifications Framework using commercially available accounting software. This qualification has also been designed to encompass Level 3 standards accompanied by some knowledge of management reporting for Unit 6, VAT from Unit 7, Working with Computers (Unit 21) and Contribute to a Healthy, Safe and Productive working environment (Unit 22) .

ENTRY REQUIREMENTS

As the examination tests the application of knowledge and understanding and not the recall of facts and figures, candidates will be expected to demonstrate an understanding of the subject area and to apply this knowledge in the examination. Information regarding equivalent qualifications can be found via the IAB web-site (www.iab.org.uk) or by contacting the IAB directly. It is recommended that before commencing a course leading to the IAB Level 3 Diploma in Computerised Accounting the prospective student will already have basic skills in Numeracy and literacy and the IAB Level 3 Diploma in Accounting and Advanced Book-keeping. It is also desirable for the student to have completed a course leading to the IAB Level 2 Certificate in Computerised Book-keeping or equivalent qualification.

PROGRESSION

The qualification has been designed to provide the essential knowledge, understanding and skills required to complement and enable candidates to progress to related qualifications at Level 3 of the National Qualifications Framework. It will also provide some progression to GCSE, AS and A levels in Accounting and related units in the General Vocational Certificate of Education (GVCE) qualifications. It will also lead to exemption from some core aspects of qualifications offered by other book-keeping and accounting awarding bodies.

ASSESSMENT AND GRADING

All Learning Outcomes will be assessed through an externally set and marked examination lasting two hours and thirty minutes, consisting of a series of two practical tasks in the form of a case study, and one theory task which may be hand-written or prepared using word-processing software. The examination will build on the candidates’ computerised book-keeping and accounting knowledge and will assess the candidate’s ability in relation to the Learning Outcomes. Candidates will be required to carry out the tasks accurately and in keeping with current book-keeping and accounting concepts and practice and the functions of the computerised accounting system. Faults will be incurred where candidates make numerical errors or fail to follow required procedures and formats. In order to achieve a Pass, candidates will be required to complete the assessment tasks without exceeding the permitted error tolerance. To achieve this qualification, candidates must obtain at least 65%. Such candidates are categorised into four grades, namely; Distinction with Commendation; Distinction; Credit and Pass. Candidates obtaining less than 65% are categorised into Marginal Fail and Fail.

PASS AND FAIL MARKS/ PERCENTAGES

A* Distinction with Commendation 95% and above

A Distinction 85% - 94.99%

B Credit 75% - 84.99%

C Pass 65% - 74.99%

M Marginal Fail 60% - 64.99%

F Fail Below 60%

Candidates may sit the Examination on either the specific dates set and published by the IAB or on dates set by Centres on an ‘On-demand’ basis.

CERTIFICATION

All candidates who achieve a Pass grade will receive a Certificate for the successful completion of IAB Level 3 Diploma in Computerised Accounting.

How to apply

To contact our training staff please email us on info@atc-uk.com or call us on 020 8992 4144

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