Level 2 Award in Accounting Knowledge Qualification (RQF)

Monday, 31 March 2025 21:08:39

International applicants and their qualifications are accepted

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Overview

Overview

The Level 2 Award in Accounting Knowledge Qualification (RQF) is designed for individuals seeking foundational skills in accounting. Perfect for beginners or those transitioning into finance roles, it covers essential topics like bookkeeping, financial statements, and basic accounting principles.


This qualification is ideal for career starters, small business owners, or anyone looking to enhance their financial literacy. With a focus on practical knowledge, it provides a solid stepping stone for further accounting studies or professional growth.


Ready to take the first step toward a rewarding career in accounting? Explore the Level 2 Award today and unlock your potential!

The Level 2 Award in Accounting Knowledge Qualification (RQF) is a foundational course designed to equip learners with essential accounting skills. This qualification provides a solid understanding of bookkeeping, financial transactions, and accounting principles, making it ideal for beginners or those seeking to enhance their career prospects. With a focus on practical knowledge, the course prepares you for roles such as accounts assistant, payroll administrator, or finance clerk. Its flexible learning options and industry-recognized certification make it a stepping stone to advanced qualifications. Start your journey toward a rewarding career in finance with this accessible and comprehensive program.

Entry requirements

Educational Background:

  • Open Entry: This program is open to all applicants, regardless of previous qualifications. Whether you're starting fresh or seeking to build on existing knowledge, everyone is encouraged to apply. Higher qualifications and relevant experience are also welcomed but not required.

Age Requirement:

  • Minimum Age: Applicants must be 16 years or older. This program is designed to support both recent school leavers and those beginning their professional journey.

International applicants and their qualifications are accepted.

Step into a transformative journey at LSIB, where you'll become part of a vibrant community of students from over 157 nationalities.

At LSIB, we are a global family. When you join us, your qualifications are recognized and accepted, making you a valued member of our diverse, internationally connected community.

Course Content

• Introduction to Bookkeeping and Accounting Principles
• Understanding Financial Statements
• Recording Financial Transactions
• Principles of Costing and Budgeting
• Ethical Practices in Accounting
• Using Accounting Software
• Managing Payroll Systems
• Preparing and Filing Tax Returns
• Understanding Business Structures and Their Impact on Accounting
• Principles of Internal Controls and Fraud Prevention

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration & course fee

The programme is available in two duration modes:
6 Months : GBP £1250
9 Months: GBP £950 This programme does not have any additional costs.
The fee is payable in monthly, quarterly, half yearly instalments.
You can avail 5% discount if you pay the full fee upfront in 1 instalment

Payment plans

6 Months - GBP £1250

● Payment option (a): GBP £416 x 3 monthly instalments
● Payment option (b): GBP £1187.50 x 1 instalment (We offer 5% bursary on total fee for students opting to pay in full)

9 Months - GBP £950

● Payment option (c): GBP £190 x 5 monthly instalments
● Payment option (d): GBP £475 x 2 quarterly instalments
● Payment option (e): GBP £902.50 x 1 instalment (We offer 5% bursary on total fee for students opting to pay in full)

40% Cheaper

Our course fee is up to 40% cheaper than most universities and colleges.

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Accreditation

 SAGE Qualifications

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  • 1. Complete the online enrolment form and Pay enrolment fee of GBP £10.
  • 2. Wait for our email with course start dates and fee payment plans. Your course starts once you pay the course fee.
  • Apply Now
    •

Got questions? Get in touch

Chat with us: Click the live chat button

+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Bookkeeping Roles: Manage financial records, track expenses, and ensure accuracy in accounts. Essential for small businesses and accounting firms.

Payroll Management Roles: Oversee employee salaries, deductions, and compliance with tax regulations. High demand in HR and finance departments.

Tax Preparation Roles: Assist individuals and businesses in filing accurate tax returns. Critical during tax seasons and for financial planning.

Financial Reporting Roles: Prepare financial statements and reports for stakeholders. Vital for corporate transparency and decision-making.

Budgeting Roles: Develop and monitor budgets to optimize financial resources. Key for strategic planning in organizations.

Key facts about Level 2 Award in Accounting Knowledge Qualification (RQF)

The Level 2 Award in Accounting Knowledge Qualification (RQF) is designed to provide foundational skills in accounting and finance. It is ideal for beginners or those seeking to enhance their understanding of basic accounting principles.


Key learning outcomes include mastering double-entry bookkeeping, understanding financial statements, and gaining proficiency in recording transactions. These skills are essential for roles in bookkeeping, payroll, and entry-level accounting positions.


The qualification typically takes 6-12 months to complete, depending on the learner's pace. It is delivered through flexible study options, including online courses and classroom-based learning, making it accessible for working professionals.


Industry relevance is a standout feature of the Level 2 Award in Accounting Knowledge Qualification (RQF). It aligns with employer demands for skilled accounting professionals and provides a stepping stone to higher-level qualifications like AAT or ACCA certifications.


By completing this qualification, learners gain practical knowledge and confidence to pursue careers in accounting, finance, or business administration. It is widely recognized by employers, ensuring its value in the job market.

Why this course?

The Level 2 Award in Accounting Knowledge Qualification (RQF) is a vital stepping stone for individuals aiming to build a career in accounting and finance. In today’s competitive UK job market, where accounting and finance roles are projected to grow by 5% by 2026, this qualification equips learners with foundational skills in bookkeeping, financial statements, and accounting principles. According to recent data, 72% of employers in the UK value entry-level accounting qualifications, making the Level 2 Award a key differentiator for job seekers.
Year Accounting Job Growth (%) Employers Valuing Entry-Level Qualifications (%)
2023 4.5 72
2024 4.8 75
2025 5.0 78
The qualification aligns with current industry trends, such as the increasing demand for digital accounting skills and compliance with UK tax regulations. With 65% of SMEs in the UK relying on qualified accounting professionals, the Level 2 Award ensures learners are well-prepared to meet these demands. For professionals seeking to upskill or transition into accounting, this qualification provides a solid foundation, enhancing employability and career progression opportunities.

Who should enrol in Level 2 Award in Accounting Knowledge Qualification (RQF)?

Audience Description Relevance
Aspiring Accountants Individuals looking to start a career in accounting or finance, with little to no prior experience. The Level 2 Award in Accounting Knowledge Qualification (RQF) is ideal for beginners, providing foundational skills. Over 1.5 million people in the UK work in finance and accounting roles, making it a growing sector.
Career Changers Professionals transitioning into accounting from other industries, seeking a formal qualification. With 60% of UK workers considering a career change, this qualification offers a clear pathway into a stable and rewarding field.
Small Business Owners Entrepreneurs aiming to manage their finances more effectively or understand accounting principles. Over 5.5 million small businesses in the UK can benefit from improved financial literacy, making this qualification highly practical.
Students School leavers or college students exploring accounting as a potential career path. With accounting roles projected to grow by 4% in the UK by 2027, this qualification provides a strong starting point for young learners.

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