IAB Level 3
28 May 2026 2026-05-28 8:42IAB Level 3
IAB Level 3 Certificate in Bookkeeping and Accounting
The IAB Level 3 Certificate in Bookkeeping and Accounting builds on the knowledge and skills developed at Level 2 and introduces more advanced accounting and bookkeeping concepts. It is designed for learners who already have a solid understanding of bookkeeping principles and are looking to progress towards a more professional and technical level of financial record keeping.
A key feature of the IAB Level 3 Award in Bookkeeping is that it is also partially open book, allowing learners to access learning materials for the majority of the qualification while completing assessments. It is designed to be flexible and can be completed from the comfort of your own home, making it an accessible option for a wide range of learners who wish to progress further in their bookkeeping studies.
This qualification builds on the knowledge gained at Level 2 and develops a deeper understanding of more advanced bookkeeping and accounting processes. It introduces more complex financial tasks and strengthens learners’ ability to apply their knowledge in realistic business scenarios, preparing them for greater responsibility within bookkeeping and financial roles.
The assessment structure is designed to support learner success. Three out of the four units are completed through open book knowledge tests and assignments, allowing learners to use learning materials while developing confidence and accuracy in their work. The final unit is a live assessment completed under exam conditions, ensuring learners can demonstrate their knowledge and practical skills independently.
This blended approach makes the qualification particularly suitable for learners who are progressing through the bookkeeping pathway and want to build confidence gradually while still meeting professional standards. The combination of open book assessments and a single controlled final assessment helps reduce pressure while maintaining the integrity of the qualification.
Overall, the IAB Level 3 Award in Bookkeeping develops more advanced skills and understanding, helping learners progress towards higher-level study or employment in bookkeeping, accounting, or finance roles.
Duration: 6-12 months
Start: On demand
Fees: £995
(inclusive of exams*)
* additional membership fee applicable
* exams to be held at our Hanley centre
* fees subject to change
Course Options
There are no formal entry requirements for this course. However, it is recommended that learners have successfully completed the IAB Level 2 Award in Bookkeeping, as this provides the essential knowledge and skills needed to progress effectively onto Level 3.
Alternatively, learners who have relevant bookkeeping knowledge or practical experience may be considered for direct entry onto this qualification. In such cases, an initial assessment may be carried out to ensure the learner has the appropriate understanding to succeed at this level.
To support learning, a good standard of English and Maths is recommended, ideally at GCSE Grade 4 or equivalent.
If English is not your first language, please contact us to discuss whether additional support may be needed or available.
Please note that individuals who have been declared bankrupt or who have a criminal record may not be accepted for IAB membership, which could affect eligibility to sit examinations. We recommend contacting the IAB directly for further advice and guidance.
Four units need to be completed:
Unit 1 – Principles of accounting – Knowledge Test
Unit 2 – Make accounting adjustments- Assignment
Unit 3 – Prepare financial statements from double entry records for sole traders and partnerships – Examination
Unit 4 – Prepare financial statements from incomplete records for sole traders and not for profit organisations – Assignment
The IAB Level 3 Award in Bookkeeping is made up of four units, designed to develop advanced accounting and financial reporting skills. The qualification focuses on building confidence in preparing financial statements and applying accounting principles in more complex business situations.
Unit 1 – Principles of Accounting (Knowledge Test)
In this unit, learners will develop an understanding of key accounting principles and concepts. This includes how accounting information is recorded, processed, and used within different business contexts. Assessment is completed through a knowledge test.
Unit 2 – Make Accounting Adjustments (Assignment)
This unit introduces learners to accounting adjustments and how they are applied to financial records. Learners will develop practical skills in making necessary adjustments to ensure accounts are accurate and complete. Assessment is completed through an assignment.
Unit 3 – Prepare Financial Statements from Double Entry Records for Sole Traders and Partnerships (Examination)
In this unit, learners will prepare financial statements using double entry bookkeeping records. This includes sole trader and partnership accounts, helping learners develop the ability to produce accurate year-end financial reports. This unit is assessed through a formal examination under controlled conditions.
Unit 4 – Prepare Financial Statements from Incomplete Records for Sole Traders and Not-for-Profit Organisations (Assignment)
In this unit, learners will learn how to prepare financial statements when full accounting records are not available. This includes working with incomplete information for sole traders and not-for-profit organisations, developing problem-solving and analytical bookkeeping skills. Assessment is completed through an assignment.
Choose the learning style that best fits your goals, lifestyle, and preferred way of studying. Whether you want complete independence, flexible support, or a classroom environment, we have an option to suit you.
Self Study
Learn at your own pace with complete flexibility and full control over your studies.
- Study whenever and wherever it suits you
- Access all course materials online
- Ideal for independent and self-motivated learners
- Progress through the course at a speed that works for you
Self Study Plus (On Demand Learning)
A flexible study option that combines independent learning with the reassurance of support when you need it.
- Start your course at any time
- Learn independently using structured, easy-to-follow materials
- Access tutor support whenever you need extra guidance
- Perfect for learners who want flexibility with added confidence and support
Classroom Delivery (face to face or on-line)
A structured, interactive learning experience delivered face-to-face or online by experienced tutors.
- Learn in a supportive classroom environment
- Receive direct guidance from qualified tutors
- Study alongside other learners for added motivation
- Ideal for those who prefer routine, structure, and live teaching
Extensive resources area available to students based on their booking type
Your package includes:
✔ Access to our own Online learning portal (as applicable)
✔ IAB Pilot/mock exams
✔ Personal tutor available via email and telephone
✔ Exam fees included
✔ All admin fees to sit exams at our approved Hanley Training Centre
✔ No hidden costs. No surprises.
The qualification is assessed using three main methods: knowledge tests, assignments, and a final examination. Each method is designed to assess different aspects of understanding and practical ability within bookkeeping and accounting.
Knowledge tests are used to assess theoretical understanding of key principles. These are typically completed online and are designed to check knowledge of the subject content.
Assignments are used to assess practical skills and the ability to apply knowledge to realistic tasks. These may include completing accounting documents, processing information, or producing financial records.
The final examination is used to assess overall competence in a controlled, timed environment. This ensures that learners can demonstrate their knowledge and practical skills independently.
Pilot assessments are also available to support practice and revision before attempting the live assessments. These are not timed and can be repeated as needed to build confidence and understanding.
Overall, this combination of assessment methods ensures learners are able to demonstrate both theoretical knowledge and practical bookkeeping skills in a structured and supportive way.
All costs are included in the pricing structure at ATA.
Course fees include membership fees, tuition, student support resources, and examination fees at our Hanley branch. To secure your place, a 25% course deposit is required. Interest-free payment plans are also available. Please contact us for further details.
Additional membership fees applicable: £50
What next?
Enrol now to secure your place. Once you have registered your interest, a member of our team will be in touch to confirm the next available intake date. We run monthly intakes, so you won’t have to wait long to begin your studies.
After enrolment, we will provide you with the enrolment form and all the necessary information to get you started. If you have any questions before booking, please contact us for more details.
