IAB Level 2 Award in Payroll for Business
The Level 2 Award in Payroll for Business
qualification aims to provide learners with a comprehensive range of knowledge and the practical skills that they will be able to use as a payroll processor for a variety of businesses.
The Level 2 Award in Payroll for Business qualification has been designed to appeal to learners:
who wish to further their studies of payroll and gain a qualification at level 2 of the regulated qualification framework, either from a point of no previous knowledge, or having already achieved the IAB Level 1 Award in Payroll for Business
who already have some practical knowledge and skills and wish to gain an accredited qualification in the subject of payroll
who are considering a career as a self-employed practitioner
and businesses owners who would like to be actively involved in the gathering and processing of payroll data and keeping of payroll records for their business.
What you will study
Principles of employment legislation and payroll processing – H/617/1434
Understand the principles of legislation relating to the processing of the payroll
Understand the information required to prepare an employee payroll record
Understand additional elements that constitute gross pay
Understand the principles of Statutory Additions to, and deductions from pay
Understand the principles of PAYE and NIC legislation and other statutory obligations when processing the payroll
Understand the principles of repaying Student Loans through the payroll.
Understand the procedures to adopt when dealing with a leaver
Understand the requirements for processing and submitting payroll information
Understand the need to complete period end payroll procedures within given timescales
This theory part is assessed by an 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.
Pilot assessments are provided for the purposes of practice and revision. Pilot assessments are not timed and can be undertaken as many times as the learner chooses. Once the pilot assessment is passed, the learner can attempt the live assessment. Live assessments are timed.
The Pass mark is 70%
Computerised payroll processing – K/617/1435
Be able to set up and maintain company, pension and employee records using commercially available payroll software
Be able to determine gross pay for different payroll periods
Be able to process payroll accurately for a variety of pay periods using organisational procedures and timescales
Be able to produce statutory and non-statutory reports
Be able to back up and restore data when required
This practical part is assessed by an Online Examination.
Online Examinations these are assessed via IABOnline and are taken under examination conditions.
There will be a scenario which will be worked through on using a computerised payroll package. A series of printouts will be generated throughout the examination and at the end. These printouts will then be submitted back to the IAB.
There will also be a series of independent questions based on the printouts.
Examinations can be booked through our centre.
Examinations require a minimum of 5 weeks notice. This allows IAB enough time to process the registrations and get the examination papers dispatched.
The Pass mark is 60%
When is the course on?
Contact us to discuss what will work with your schedule. Small classes run according to demand.
There are no formal entry requirements for the Level 2 Award in Payroll for Business qualification. However, it is recommended that prospective learners have acquired basic skills in both numeracy and literacy prior to starting their studies in this subject area.
It is recommended that you have achieved the Level 1 Award in Payroll for Business qualification beforehand or have relevant experience from the workplace.
Full Cost = £230 which includes
IAB Exam Fee - £100
Tuition - £130
If you wish to enrol, please click here
For further information on costs please contact us on 028 6632 6478
Please Note: We can only accept cash or cheque payments
FRCI will always endeavour to work with you to come up with a flexible payment option