Sage IAB Computerised Accounting for Business Level 1

Description

What is the Sage IAB Computerised Accounting for Business Level 1 course?
The Sage IAB Level 1 course will give a thorough syllabus for beginners, so if you’re new to accounting or wish to gain computerised accountancy skills, or a globally recognised bookkeeping qualification, it is perfect. You can expect to learn the fundamental elements of accountancy, and grasp the principles which you will use on a day-to-day basis.
Is the Sage IAB Level 1 online course right for me?
The Sage IAB Level 1 online course is suitable for you if you are:
A business owner looking to keep track of their company finances as a self-sufficient organisation
A beginner looking to break into the accounting industry
An administration or office assistant who undertakes bookkeeping duties and responsibilities
A current accountant or bookkeeper who is looking to get recognition for further development
What are the Sage IAB Level 1 online course modules?
Introduction to Computerised Accounting
Financial Services and Payment Methods
Set Up a Computerised Accounting System and Process Data
Sage IAB Exams
The exams are included within this package and can be taken online at any time that is convenient to you. The exam will prove your knowledge and ability in carrying out the tasks learned in the course, and once you have passed the exam you will become a globally recognised bookkeeper to the level that is relevant to your course. The Sage IAB Level 1 course is perfect as a stepping stone to higher qualifications and further development.
The qualification is made up of two Online Knowledge Tests which are a series of independent short answers, multiple choice, gap fill or true/false questions. They are assessed via IABOnline and are open book. These can be taken in class or at home. There is also one Online Assignment which is also assessed via IAB Online, open book, and able to be taken in class or from home. It is made up of short case study questions with several tasks for each case study.
KEY LEARNING POINTS
The Sage IAB Level 1 covers:
The basics of computerised accounting
Understand accounting terms
Source documents
The basics of the VAT system
The role of banks and building societies
How businesses use financial services
Appropriate methods of payment and understanding their features
Security measures and procedures for the safe-keeping of cash
Set up a computerised accounting system
Processing credit based transactions
Processing cash sales and sundry income
Processing receipts from credit customers
Processing payments to credit suppliers
Processing payments through the bank current account
Petty cash transactions
Reconciling the bank balance
Generating reports
ADVANTAGES OF THIS COURSE
Dual certification from Sage and IAB, with the opportunity to register as an IAB member
Register as an Associate Member of the IAB upon completion
Learn to manage your professional and personal accounts and save money on accountancy or bookkeeping fees
Every industry needs bookkeepers, go into a career path that is highly in-demand
Exam fees are included, as are two retakes, just in case you don’t succeed on your first try
Become a competent user of the world-renowned Sage accountancy software
Invest in this course and you’ll be investing in your future as an IAB trained accountant.

Units of Study
Learning Outcomes and Assessment Criteria
Installation Instructions
Screen Shots, Tasks and Activities
Working through the Units
Setting up a New Company
Backing Up and Restoring Data
Customise your Company
How to Use Practice Data
Helpful Information Using Sage
Tax Codes within Sage
The Ledgers and Sage Nominal Codes
Creating a Chart of Accounts to Suit Company Requirements
Creating Customer and Supplier Account Codes and Records
Making Error Corrections and Deleting Transactions
Customer Invoices Using Batch Entry
Customer Credit Notes Using Batch Entry
Sales Invoice Day Book in Sage
Sales Credit Day Book in Sage
Supplier Invoices Using Batch Entry
Supplier Credit Notes Using Batch Entry
Purchase Invoice Day Book in Sage
Purchase Credit Day Book in Sage
The Opening Bank Cash Book Balance (The Bank Account)
Entering Customer Receipts
Customer Receipts Reports
Printing a Customer Statement
Entering Supplier Payments
Supplier Payments Reports
Printing a Remittance Advice
Process Bank Transactions Not In Customers or Suppliers Ledgers
Transferring Money Between Accounts
Bank Reconciliation
Printing a Bank Statement Report
Petty Cash Transactions
Reconciling the Petty Cash Account
The Trial Balance
Bradline Confections Complete Activity