• ICB Level II Certificate in Bookkeeping - Distance Learning

Objective

To build a solid understanding of the basic of manual bookkeeping and to prepare the student for ICB tests. In this course you will complete Paper B1, B2 and B3.

Course Format

The course is delivered in a distance format. You will be allocated a remote tutor. All of the tutors are qualified accounts. You tutor will answer your questions, send you assignments and mark your work. The practical exercises are essential to the learning process in bookkeeping and finance. All learning material and ICB membership are included in the cost of the course. A Sage student licence fee is included in the cost of the course.

Course Content

Paper B1 – Basic double-entry bookkeeping to trial balance

  • Underpinning knowledge (10% weighting)
    Terms in bookkeeping (assets, liabilities etc.)
    Banking procedures
    Understanding the different categories of VAT (standard, reduced, zero, exempt, outside the scope)
  • Calculation of business documents including calculation of VAT (20% weighting)
     
  • Entering transactions into the ledgers including the analysed cash book, cash transactions, credit transactions, discounts, petty cash book, two column cash book and VAT (40% weighting)
     
  • Making and receiving payments (20% weighting)
     
  • Production and explanation of a trial balance (10% weighting)

Paper B2 – Further double entry bookkeeping to trial balance

  • Underpinning knowledge (10% weighting)
    Ethics
    Legislation
    Types of businesses including simple cash based businesses
    Identifying sections of the ledger
    Accounting concepts
  • Further double entry including the following (60% weighting)
    Topics from paper 1
    Day books and control accounts in a double-entry system
    Writing off a bad debt
    Construction Industry Scheme
    Non-sole trader entries (subscriptions, donations, drawings of partners etc)
     
  • Making and receiving payments (20% weighting)
    Three column cash book
    The analysed cash book
  • Production and explanation of a trial balance (10% weighting)

Paper B3 – Computerised Bookkeeping

  • Start a Business Accounts
    Open the bookkeeping software and set up the details for new business.
  • Process Nominal and Sub Ledger Accounts
    Record financial transactions in the appropriate ledger accounts with the use of account coding: Credit and Cash Sale, Credit and Cash purchases, Sales Returns, Purchase Returns, Supplier Invoices, Customer Invoices, Bad Debts, Payroll in the accounts, Debtor Management, Creditor Management.
  • How to go about the correction of errors in the system
    Journals to amend errors caused by typical mistakes.
  • Bank Reconciliation
    How to do a Rec and then adjust cash book to bank book. Publish a final bank reconciliation statement.
  • Trial Balance
    Print out and generate a final trial balance and try to identify discrepancies or mistakes. Create journals to correct errors and produce revised TB.
  • Generate Reports
    What is an Audit trail and why we need to use reports for an audit trail. Sales and purchase ledger accounts, other nominal ledger accounts and the VAT return.
  • Final Accounts - Sole Trader
    Generate a Trading, Profit and Loss Account and Balance Sheet that include adjustment for Closing stock, Prepayments, Accruals, Depreciation; both straight line and reducing balance and bad debts write off.
  • Health and Safety
    Learn an awareness of health and safety issues when using computer systems.
DOWNLOAD printable information on this course.
 
Course Requirements

This course starts from the basics and there are no pre-requisites.
 
This is all of the ICB Level II, including both ICB Manual and Computerised Modules. This will prepare you for the Paper B1, B2 and B3 assessments. The price is discounted, compared to buying each item separately.

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ICB Level II Certificate in Bookkeeping - Distance Learning

  • Product Code: 5
  • Availability: In Stock
  • £299.00

  • Ex Tax: £299.00