- Exam(s) / assessment(s) not included in price, and must be purchased separately
- Tutor is available to students
ICB – Level 2 and 3 Bookkeeping
Souters
Summary
Overview
This is a fully accredited course within ICB (Institute of Certified Bookkeepers) framework.The course covers Level 2 (Affiliate Level) and Level 3 (Associate Level) of the ICB Bookkeeping qualification. Level 2 is the beginner level of the ICB qualification. Level 3 is the Associate Level training. It consists of a range of manual bookkeeping, computerised bookkeeping and the delivery of final accounts.
The computerised accounting section of the course is based around Sage Accounting.
Course media
Description
This is all of the ICB Level II and III and it will prepare you for the Paper B1, B2, B3, BA4, BA5, BA6 and BA7 assessments. The price is discounted in this package, compared to buying each item separately.
Course Format:
The course is delivered by distance learning. The course is supported by the tutor who is a Chartered Accountant. The course consists of numerous practical exercises which are checked and fed back to you by your tutor. These practical exercises are essential to the learning process in bookkeeping and finance. ICB membership and ICB study booklets are included in the cost of the course.
Sage is the default package of this ICB course and is used in all computerised bookkeeping exercises. You can however request to use any computerised system to complete the training. The Sage student licence fee is included in the course fees.
Course Aim:
To build a solid understanding bookkeeping and to prepare the student for ICB assessment in order to attain the AICB qualification
Syllabus Detail:
Students must be able to demonstrate their ability to understand and carry out the following functions:
Course Content
Paper B1 – Basic double-entry bookkeeping to trial balance
- Underpinning knowledge
- Calculation of business documents including calculation of VAT Entering transactions into the ledgers including the analysed cash book, cash transactions, credit transactions, discounts, petty cash book, two column cash book and VAT
- Making and receiving payments
- Production and explanation of a trial balance
Paper B2 – Further double entry bookkeeping to trial balance
- More advanced underpinning knowledge
- Further double entry Making and receiving payments
- Production and explanation of a trial balance
Paper B3 – Sage Computerised Bookkeeping
- Start a Business Accounts
- Process Nominal and Sub Ledger Accounts
- How to go about the correction of errors in the system
- Bank Reconciliation
- Trial Balance
- Generate Reports
- Final Accounts - Sole Trader
- Health and Safety
Paper BA4 – Reconciliations and final accounts of a sole trader:
- Underpinning knowledge
- Reconciliation and correction of errors (customer/supplier recs, bank reconciliation)
- VAT Returns
- Posting adjustments
- Production of final accounts of a sole trader with adjustments
Paper BA5 – final accounts of a partnership
- Underpinning knowledge
- Posting adjustments including disposal and acquisition of fixed assets (30% weighting)
- Final accounts of a partnership including the appropriation account and production of partners’ current accounts (30% weighting)
- Production of final accounts of a partnership with adjustments using a computerised package (30% weighting)
Paper BA6 – final accounts of a not-for-profit organisation
- Underpinning knowledge
- Posting adjustments including the subscriptions account and disposal and acquisition of fixed assets
- Final accounts of a not-for-profit organisation
- Production of final accounts of a not-for-profit organisation with adjustments using a computerised package
Paper BA7 - Level III External Assessment
- 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
Who is this course for?
This course starts from the basics and there are no pre-requisites.
The course is ideal for anyone who wants to get a sound basis of skills to pursue a career in finance.
You can also start your own Bookkeeping practice and be your own boss, once you have completed the Level 3 qualification.
Requirements
There are no pre-requisites for this course. The course is set to start at beginner level.
Career path
The ICB is a highly recognised Institute for Bookkeeping and Accounting training. Once you have completed Level 2 and 3, you will able to apply for a wide range of Finance, Accounting and Bookkeeping Jobs. You will also be able to open your own Bookkeeping practice and be your own boss. You will gain AICB after your name.
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
FAQs
Interest free credit agreements provided by Zopa Bank Limited trading as DivideBuy are not regulated by the Financial Conduct Authority and do not fall under the jurisdiction of the Financial Ombudsman Service. Zopa Bank Limited trading as DivideBuy is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Zopa Bank Limited (10627575) is incorporated in England & Wales and has its registered office at: 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG. VAT Number 281765280. DivideBuy's trading address is First Floor, Brunswick Court, Brunswick Street, Newcastle-under-Lyme, ST5 1HH. © Zopa Bank Limited 2024. All rights reserved.