Level 1 Award in Computerised Accounting for Business 603/2736/4

Suitable for learners wanting an introduction to the process of keeping double entry records, preparing reconciliations and a trial balance

The qualification is made up of:

1 – Online Knowledge Test
2 – Online Assignments

Key information:

34 GLH (Guided Learning Hours)
78 hours TQT (Total Qualification Time)

The Level 1 Award in Computerised Accounting for Business (RQF) qualification has been designed to appeal to individuals within the following groups:

  • Learners starting their studies in the subject of bookkeeping from a point of no previous knowledge or experience.
  • Learners employed at a junior level with some limited basic bookkeeping knowledge and skills, who want to formalise their competence by gaining a recognised accredited qualification in bookkeeping.
  • Learners returning to study and/or work after a study or career break.
  • Learners considering a change in career.
  • Learners considering a career as a self-employed practitioner.
  • Owners of a small business wanting an introduction to the function of bookkeeping with a view of keeping financial records for their business.
This qualification is made up of the following units:

Introduction to computerised accounting – D/508/5836

  • Understand the basics of computerised accountingg
  • Understand accounting terms
  • Recognise source documents
  • Understand the basics of the VAT system

Financial services and payment methods – A/508/5861

  • Understand the role of banks and building societies
  • Understand how businesses use financial services
  • Identify appropriate methods of payment and understand their features
  • Understand the need for security measures and procedures for the safe-keeping of cash

Set up a computerised accounting system and process data – Y/508/5849

  • Set up a computerised accounting system
  • Process credit based transactions
  • Process cash sales and sundry income
  • Process receipts from credit customers
  • Process payments to credit suppliers
  • Process payments through the bank current account
  • Process petty cash transactions
  • Reconcile the balance on the bank current account
  • Generate reports
This qualification comes with the following resources:
  • 1 study textbook covering the knowledge side of the qualification
  • 1 study textbook covering the skills side of the qualification
  • A Sage 50 disk (time-limited) suitable for windows operating systems. Please check compatibility before you buy.

Students  studying or wanting to study through a training provider, (classroom based or distance learning) should contact potential training providers to get an idea of the total cost for the qualification. As the majority of the training providers will include the IAB registration fees into their own fee.

For self-study students, (those studying without a training provider) The fee would be £208

This fee covers the following:

  • Registration onto the qualification
  • All IAB assessment fees (excluding re-sits)
  • Certification upon successful completion of all assessments

If you want to find out more about self study please click here

This qualification is made up of:

1 – Online Knowledge Test

Online Knowledge tests are a series of independent short answer questions made up of multiple choice, gap fill, and true or false type questions. They are assessed via IABOnline and are open book. This might be taken in class or at home

2 – Online Assignments

Online Assignments are also assessed via IABOnline and are also open book. These are taken in class or at home and are short case study type questions with several tasks for each case study

Click here to register for Level 1 Award in Computerised Accounting for Business as a self-study student.

Please note that for Qualifications that require an exam to be sat under controlled conditions this exam must done at an IAB Centre. See a list of centres here.

Upon successful completion of this qualification you could move onto one of the following qualifications:

  • Level 2 Certificate in Computerised Accounting for Business 603/2735/2
  • Level 2 Certificate in Bookkeeping 601/9061/9
  • Level 2 Certificate in Computerised Bookkeeping 601/9052/8