ICB – Level 2 and 3 Bookkeeping

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.

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

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.

There are no pre-requisites for this course. The course is set to start at beginner level.

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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