ICB Bookkeeping Course Level 2

Includes Exams and ICB Membership. This course covers the second stage in becoming ICB Certified. Increase your knowledge and at the same time your earnings potential. Level two Certification will be invaluable when searching for that new job or indeed students planning to offer a bookkeeping service to small business. Students qualified to this level can go onto offer a service to small businesses and sole traders.

This is a fully accredited course leading to a highly recognised qualification.

(Pay monthly on this course: £60.00 deposit followed by 6 monthly payments of £50.00. Call 0800 0131030 for guaranteed set up}

Entry Requirements:

Students must have completed the Level one course.

Support:

All students on this course can email student support with any questions they may have. Monday-Friday

Provided materials:

• Fully accredited course manual
• Pen
• Paper
• Freepost envelopes
• Calculator
• ICB Student Registration
• ICB Examinations
• Past exam paper
• ICB Certification
• Unlimited email support Monday-Friday

Delivered in a college study bag for complete flexibility

Duration:

This course will take approximately 120 hours to complete. All students have one year to complete from the date of registration.

Course syllabus:

Module one: Introduction to Bookkeeping

Unit 1: Introduction to Bookkeeping
What is bookkeeping?
Why keep books?
Why you should learn about bookkeeping
Bookkeeping methods available

Unit 2: Principles of the double entry bookkeeping system
Basic concepts
Double entry
Assets and liabilities
Balancing both sides of a transaction
Debit and credits
Books of prime entry
Presentation of accounts

Unit 3: The accounts
Different types of transactions
Balancing the accounts
Capital and stock

Unit 4: Debit and credit entries and VAT
VAT
Accounting for VAT

Unit 5: Simple business stuctures and the cash book
The cash book
Where the use of a cash book is appropriate
The analysed cashbook

Module Two: The Accounts Books

Unit 6: Bank and cash records
The cash book
Petty cash
The imprest system
Petty cash vouchers
The petty cash book
Cash Discounts
The role of the banks
Bank reconciliation
Updating the bank account

Unit 7: The ledger
Dividing the ledger
Sales ledger
Purchase ledger
Bad debts
Private ledger
General ledger
Sales, purchases and returns
Expenses
VAT account
Adjustments to the ledger

Unit 8: The day books
Introducing the day books
Sales day books
Purchases day book
Returns day book
Analysed day book

Unit 10: Business documents
Uses of documents
Purchase orders
Acknowledgements
Advice notes
Delivery notes
Goods received notes
Invoices
Credit and debit notes
Statements and reconciling

Unit 11: Memorandum items
Using cheques
Paying in slips
Receipts

Unit 12: Wages and salaries
Gross and net pay
Gross
Pay
Deductions
Calculating net pay
Wage packets
Wage records
Overtime and bonuses
Security

Unit 13: Stock records
Defining stock
Controlling stock
Stocktaking
Valuing stock
Impact of deferring valualtions

Unit 14: The journal
Books of prime entry
Layout of journals
Bad debts
Transfer of capital
Purchase and sale of fixed assets
Corrections
Opening accounts

Module Three: Profit, loss and balance sheets

Unit 15: Calculating the profit figure using the profit and loss account
Defining profit
Ratio analysis
Trading account and the P and L
Accruals and prepayments
Depreciation
Summary

Unit 16: A trial balance
The trial balance
Control accounts
Sumary

Unit 17: The balance sheet
Assets and liabilities
Revenue and capital expenses
Assets
Liabilities
Net assets
Working capital
Analysing the balance sheet
Changes in the balance sheet
Formatting the balance shet
Accruals
Prepayments
Extended trial balance
Balance sheet ratios
Summary

Unit 18: The accounts of clubs
Accounts for clubs
Receipts and payments
Income and expenditure
Balance sheet
Summary

Unit 19: Credit control
Credit checking
Credit control procedures
Credit control and the law
The need for prompt payments
Summary

Unit 20: Partnerships
The law
Parnership agreements
Appropriation of the partnerships profit
Summary

Assessment method:

Our tutors will monitor your progress every step of the way. There will be a number of assignments to complete as you progress, which you are required to submit for assessment. A report is returned to you highlighting any improvements that need to be made.

Examination: 

External examination is required at level two. Examination at this stage can be taken in February, June or October of each year.Exams are normally taken through a local training centre. Exam fees are included in the overall course fees.

Qualification:

All successful students will be awarded the ICB Level Two Certificate in Manual Bookkeeping. See www.book-keepers.org for details.

Professional membership:

One year’s student registration to the ICB is included in the course fees. Our administration team arranges membership.