ICB Bookkeeping Levels 1 & 2 plus Computerised level 2 (AICB)

ICB Manual Bookkeeping Levels 1 & 2 plus Computerised Level 2: This course covers all the requirements to become an associate member of the ICB and the ability to offer a bookkeeping service to paying clients (Sole traders only). Starting right from the very basics students will progress through to an intermediate level of manual bookkeeping whilst incorporating the computerised knowledge along the way and learnng to master the sage accounting software. This course contains three courses rolled into one enabling students to save money on their course fees.

Use the letters "AICB" after your name after successful completion.

Level One Certificate

Module One:

Starting up a business
Business categories
Bookkeeping and bookkeepers
Reasons for keeping records
HMRC
Legal requirements
The principles of double entry bookkeeping
Types of accounts
Profit and loss, balance sheet and cash flow
Getting used to debits and credits

Module Two:

An introduction to VAT
What is VAT?
Input and output tax
VAT rates
VAT schemes
Registering a business for VAT #
Records that need to be kept
VAT account #
VAT returns
How to calculate VAT at 17.5%
How to calculate vat at reduced rate of 5%
Showing VAT on invoices
Example VAT invoice layout

Module Three:

Books of original entry
What are the books of original entry?
How are the books of original entry used?
Source documents for the books of original entry
Sales day book
Purchases day book
Returns inward day book
Returns outward day book
Cash book
Balancing the cash book
Setting up a two column cash book
Petty cash and the imprest system
The general journal
Making opening entries in the general journal
The purchases of fixed assets in the journal
The correction of errors in the journal
Credit control
The terms creditors and debtors explained

Module Four:

The purpose of ledger accounts
The sales ledger
The purchase ledger
The general ledger
Capital expenditure and revenue expenditure
Nominal, real and personal accounts
Make opening entries in the ledger accounts
Posting to the ledger accounts
Calculating and recording the balances in the ledger accounts
How to balance ledger accounts
Writing off bad debts
Payroll transactions

Module Five:

Bank reconciliation
Checking the bank statement against the cash book
Creating the bank reconciliation statement
Updating the cashbook

Module Six:

Trial balance
What is a trial balance?
Why you need to perform a trial balance
Examples of debit balances and credit balances
Errors in the trial balance
Types of errors that the trial balance does not disclose
Actions to take to correct errors

Module Seven:

Business administration
Setting up business documents
Producing business documents
A sample VAT sales invoice
A sample credit note
A sample customer statement of account

Module Eight:

The data protection act
Sale of goods
Key facts
Banking: functions and services
Business current account
Paying in slips
Bank giro credits/credit transfer
BACS
Standing order
Direct debits
Internet banking

Module Nine:

End of course exercises

Post opening balances
Post details to the cash book
Post sales and purchase invoices to the sales and purchase day books
Post petty cash expenses to the petty cash book
Balance the day books and post balances to the ledgers
Prepare the VAT account
Balance off the ledger accounts and extract a trial balance

Level Two Certificate

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

Computerised Bookkeeping Level 2

Software set up
Entering Open Balances
Entering customer and Supplier invoices
Correcting mistakes
Receiving payments and paying suppliers
Make payments and receipts, cash payments and receipts
Reconciling the bank
Bad debts
Accruals, prepayments, depreciation and work in progress
VAT Returns
Customer and Supplier returns
Preparing the financial statements
Non profit organisations

There are no previous skills or qualifications required to register for this study programme. This course is open to students of all ages.

Enrolments can be taken at anytime of the year unlike the traditional local college who tend only to enrol in September. Home Learning offers true flexibility. Enrol today by calling us on 0121 2880181 and be studying within 7 days!

Students willl receive all three qualifications as shown

  

All students have one year to complete this course from date of registration. Students are welcome to complete this course as quickly as they want to.

On average this course is completed in 240 hours (10 months). Extensions can be arranged if students do not complete within the year and charges will apply. We would ask you to contact our office on 0800 0131030 for latest extension fees if required.

We recommend that students complete 5-7 hours per week as a minimum to get the most from this course. Remember to work out a study plan / timetable before you start and try and stick to it.

One Years ICB membership is included in the course fee. Valid from date of registration.

The benefits of membership also include:

		Professional letters after your name
		Membership certificate sealed by the Institute
		Membership card
		Access to the 'members only' section on the Institute's web site
		Notification of Bookkeeping Job Vacancies in your area
		Free Technical advice line covering all aspects of bookkeeping
		Free legal advice line for business and personal usage
		Free access to technical and legal downloads
		Free updates on changes in legislation which might affect bookkeeping
		Free advice and guidance on setting up a private practice
		Free information on employment opportunities which arise
		Regional meetings
		CPD (continuing professional development) seminars
		Access to ICB Plus - Exclusive offers on professional and everyday products and services

All students on this course will be registered to a personal tutor who is contactable via email or post. We also have a team of dedicated advisors to help and advise with any course related queries. The tutors role is to help and support students for the entire duration of their studies. Please remember our tutors are here to help. Never be embarrassed to ask for help.

This course is completed using continual assessment, allowing your tutor to closely monitor your progress every step of the way. Students will be required to submit assignments after each lesson via email or post proving their understanding of the subject covered. A grade and report will be issued on your progress with any suggestions for improvement if necessary

Students are required to complete three examinations to gain ICB Certification. Course fees include one Sample paper and one exam sit of each paper. Additional fees will be incurred if students require a retake.

Not sure whether bookkeeping is for you?

Request a sample lesson by emailing your name, address and contact number to icb@ukopencollege.co.uk and we will send you one to try totally free of charge. Find out once and for all if this is the right career move for you!

Q: When can I enrol?

The beauty of distance learning means that students can enrol at anytime they wish 365 days of the year. Enrolments and payment can be made online or by calling our office on 0121 2880181.

Q: How soon after enrolment can I start studying?

Students would normally receive their course materials within seven days of enrolment. Materials for this course are posted out via Royal Mail recorded delivery or courier.

Q: Is this course accredited?

Yes! This course is accredited by the ICB. See our qualifications page for full details.

Q: Is there any funding available towards the course fees?

UK Open College is a privately run college therefore we do not have access to funding

Q: Do you offer any discounts for the unemployed or low income households?

Unfortunately discounts are not available

Q: Can I pay monthly for my course?

Yes! We do offer payment plans for this course to students resident in the UK only.  See fees page for further details.

Q: How do I know whether this is the right course for me?

In truth we cannot be sure if this course or indeed home learning will meet every students needs. To help we have a money back guarantee scheme in place which allows students to receive and try the course materials for seven days to establish whether this course is the ideal course for them. If it's not simply notify us via email or telephone within the seven day period for a full refund. Please be aware this is a strict seven day scheme and no refunds are processed once this period has expired.

Q: Is this course available to International students?

Yes! We currently have students all over the world studying with the college. With todays technology distance is no barrier at all. Students outside of the UK will need access to email and a scanner to submit course assignments. Additional charges for delivery of paper course materials will apply if required.nternational students can also acess the examination online.

Q: Are there any deadlines for course assignments?

No! You can submit course assignments at your own pace. The only deadline is for completion of the whole course which requires students to finish within one year of registration. All three stages and exams must be completed within the year.

Q: What if I have questions relating to my course or have problems understanding some of the questions?

No problem! All students have access to a personal tutor for the duration of their course with whom they may correspond with. You are not on your own when you study with us! We really do want you to pass your course!

Q: Will I have to purchase any additional books or materials?

No! We provide all the required course materials to enable you to complete your studies. 

Q: Is ICB membership & examination included in the course fees?

Yes! Both fees are included. Please be aware that membership expires after one year. You will need to complete examination before this expires to avoid additional charges.

Q: Where are the examinations held?

Exams for level one are taken online and can be accessed from any PC in the world. Students will be emailed access and password details enabling them to log on when they are ready. Exams are issued on demand at anytime of the year. Level 2 exam is taken exteranally through pearson vue centres. Visit www.personvue.com for your nearest centre. Computerised level 2 is also taken at home.

Q: Can I retake my exam If I fail?

Yes! We can arrange a retake if required. If you require a retake additonal costs apply. Please contact us for current retake fees if required.

Q: Can I offer a bookkeeping service on a freelance basis after completing this course?

Yes! You will be qualified to complete books for sole traders. To be able to complete books for limited companies and partnerships you must complete our level 3 manual bookkeeping course

Q: Do I need a computer to complete this course?

Yes! You will need to be able to install the supplied Sage Instant Accounts Software and access the exam.

Course Fee: Starting at: £799.00