1. IAB QCF Computerised Bookkeeping qualifications
Karen Groves IAB Examiner

2. LEVEL 1 AWARD IN COMPUTERISED BOOKKEEPING
Level Units, 4 Credits
Unit Titles:
Prepare and Record Sales and Purchase Documents using a Computerised System
Record Routine Bookkeeping Transactions using a Computerised System
Method of Assessment:
One end examination of 1½ hours

3. LEVEL 1 AWARD IN COMPUTERISED BOOKKEEPING
Prepare and Record Sales and Purchase Documents using a Computerised System
Set up Case Study and financial year
Set up Nominal Codes
Set up customer and supplier details
Customer & supplier invoices, credit notes, receipts and payments
Service invoice preparation, printing and updating ledgers
Non-credit receipts and payments
Petty Cash
Printouts

4. LEVEL 1 AWARD IN COMPUTERISED BOOKKEEPING
Record Routine Bookkeeping Transactions using a Computerised System
Invoices, credit notes, receipts and payments
Simple corrections
Bank Reconciliation
Printouts
Second half of paper shorter than first – difference taken up in marking

5. LEVEL 1 AWARD IN COMPUTERISED BOOKKEEPING
January 2013 Results
Pass mark 60%
88% of candidates passed both Units
12% of candidates failed one/both Units

6. LEVEL 1 AWARD IN COMPUTERISED BOOKKEEPING
Problems encountered with candidates performance
Ensure the word ‘Sales’ and ‘Purchases’ were used to identify nominal codes 4000, 4001, 5000 and 5001
Few candidates, despite entering the service invoices, hadn’t produced the invoices as requested
Ensure the correct VAT amount was entered
Enter Petty Cash Vouchers as payments and processed as receipts instead
Omitting references and details
Failed to carry out Bank Reconciliation
Printouts

7. LEVEL 2 AWARD IN COMPUTERISED BOOKKEEPING
Level Units, 6 Credits
Unit Titles:
Setting up Accounting Software to Manage Accounting Information
Process Routine Payments and Receipts using a Computerised System
Method of Assessment:
One end examination of 2 hours

8. LEVEL 2 AWARD IN COMPUTERISED BOOKKEEPING
Setting up Accounting Software to Manage Accounting Information
Set up case study, accounts, financial year
Set up assets, liabilities, capital and budgets
Invoices, credit notes, receipts and payments
Non-credit receipts and payments
Journals
Printouts

9. LEVEL 2 AWARD IN COMPUTERISED BOOKKEEPING
Process Routine Payments and Receipts Using a Computerised System
Petty Cash
Non-credit receipts and payments
Corrections
Wages Journal
Bank Reconciliation
Printouts

10. LEVEL 2 AWARD IN COMPUTERISED BOOKKEEPING
January 2013 Results
Pass mark 60%
81% of candidates passed both Units
19% of candidates failed one/both Units

11. LEVEL 2 AWARD IN COMPUTERISED BOOKKEEPING
Problems encountered with candidates performance
Double entry and the use of the suspense code in the opening balances
Correctly enter the budget figures
Correctly process the contra entry
Correctly process the cash sale
Correctly process the wages journal
Omitting references and details
Failed to carry out Bank Reconciliation
Printouts

12. LEVEL 3 AWARD IN COMPUTERISED BOOKKEEPING
Level Unit, 10 Credits
Unit Title:
Managing a Computerised Accounts System to Provide Management Information
Method of Assessment:
One end examination of 3 hours

13. LEVEL 3 AWARD IN COMPUTERISED BOOKKEEPING
Managing a Computerised Accounts System to Provide Management Information
Set up initial data including VAT Scheme
Enter credit and non-credit transactions
Enter Journals
Process credit card transactions
Period end adjustments (stock, provision for doubtful debts etc.)
Amend the Chart of Accounts
Printouts – review printouts

14. LEVEL 3 AWARD IN COMPUTERISED BOOKKEEPING
January 2013 Results
Pass mark 60%
73% of candidates passed
27% of candidates failed

15. Candidates’ performance – Problems encountered
LEVEL 3 AWARD IN COMPUTERISED BOOKKEEPING Setting up Accounting Software to Manage Accounting Information
Candidates’ performance – Problems encountered
Incorrect tax codes used and transactions plus VAT instead of
including VAT
Incorrect nominal codes (and suspense code) used
Sales receipts/ versus Payment on account
Omitting references and details
Correction facility and Journal reversals
Printouts – incorrect parameters

16. Problems encountered with candidates performance
LEVEL 3 AWARD IN COMPUTERISED BOOKKEEPING Setting up Accounting Software to Manage Accounting Information
Problems encountered with candidates performance
Dealing with brought forward prepayments and accruals
Disposal/Acquisition of Fixed Assets
Goods for own use
Adjustments for prepayments
Wages Journal
Correctly clear the VAT Control Accounts
Correctly calculate the depreciation of Fixed Assets
Correctly calculate the N.P.M for the year to January
Chart of Accounts not adjusted

17. MARKING SCHEME LEVELS 1 - 3 Fundamental principle Start with 100%
Three marks (%) deducted for a fundamental error
Four marks (%) deducted for a missing transaction
One mark (%) deducted for a cosmetic error
60% pass mark

18. PRINTING
Candidates responsibility to ensure correct printouts are
submitted and in the correct order
Print out during exam and at the end. If not possible:
Centre to facilitate saving in pdf in candidate’s own folder
Preferably candidate to print out from folder
If not, invigilator or technician and reports to be put in the order saved by the candidate
WHERE NEITHER THE AUDIT TRAIL NOR THE TRIAL BALANCE IS SUBMITTED THE CANDIDATE WILL FAIL